Premier African Minerals (LON:PREM) – SPECULATIVE BUY: Zulu update
Market Cap: £13m; Current Price: 0.7p
Initial assay results and preliminary discussions with development parties
Initial assay results of Zulu Lithium and Tantalum project, located in Zimbabwe have returned 1.55% Li2O from spodumene/lepidolite ore from the exploration adit and 1.23% Li2O from a petalite sample.
Prem is in preliminary discussions with parties interested in participating in lithium resource development.
NORTHLAND CAPITAL PARTNERS VIEW: Initial results from Premier African Mineral’s bulk sample from the Zulu Lithium Project have returned results of 1.55% Li2O and 1.23% Li2O. Process development is now underway with a focus on producing a marketable spodumene and petalite concentrate.