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Premier African Minerals to recommence drilling work at the Zulu lithium project

Lithium remains very much in demand as growth in the electric vehicle market continues

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Chief executive George Roach

Premier African Minerals Ltd (LON:PREM) is to recommence drilling at the wholly-owned Zulu lithium and tantalum project in Zimbabwe.

The mobilisation will commence immediately, and drilling is expected to commence as soon as mobilisation is complete and seasonal rains permit.

WATCH: Premier African increasing expo sure to more diverse assets - CEO

The drilling programme will follow the recommendations identified in the Definitive Feasibility Study work programme and will focus on expanding the current SAMREC-compliant resource at Zulu.

The aim is also to generate geotechnical and hydrological data for the pit shell designs and future mine construction. The company has appointed KME Plant Hire as a drilling contractor to carry out these drilling works. As previously announced on 14 February, Premier has agreed to amended terms to acquire 50% of KME. 

 "It is gratifying to finally be able to report a return to real value generative operations,” said Premier African’s chief executive George Roach.

“With the recently announced term sheet in regard to KME, drilling activities at Zulu are likely to proceed at a much-reduced overall cost. We look forward to further updates on progress at Zulu as we progress into the DFS work programme."

 

 

Quick facts: Premier African Minerals Ltd

Price: 0.14 GBX

AIM:PREM
Market: AIM
Market Cap: £15.41 m
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