By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- In June 2021, the mining in question published a sequence of £1 million for the steady outstanding feasibility study at Zulu. In an announcement, Premier told, drilling was underway at Zulu with the second drilling laboratory equipment is predicted on site next weekend.
Chief Executive Officer – George Roach of Premier commented: “I am deeply encouraged that despite the Covid-19 related lockdowns and travel restrictions in the SADC region, we are making progress in the drilling programme that is central to Zulu’s Definitive Feasibility Study (DFS).
“With the essential elements of Geodrill’s camp now established, I look forward to the ongoing expansion of Zulu’s camp as we progress into the various other facets of the DFS study”.
The Zulu lithium mine is one of the twenty-five projects the Administration – through public notice 328 of 2021, has approved of Exclusive Prospecting Orders for a period of three years up to 2024. Premier has asserted the arrangement to raise £1 million before payments at an issue price of 0,16 pence per new ordinary share was to guarantee continual work at Zulu.
In expansion, this includes, enabling extra time to bolster significance through the DFS, and completely and without any burden, assess additional alternatives usable to finance the balance of the DFS exercise. In this regard, the projected time-line to finish the DFS at Zulu has been upheld by Bara Consulting – a United Kingdom-headquartered
independent engineering consultancy concentrated on administering the global mining industry.
Premier is directed on mining and developing natural resources in Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe. The Group has a different portfolio of projects, which encompass tungsten, extraordinary earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, incorporating brownfield projects with near-term production potential to grass-roots exploration.
Premier similarly holds over 5 million stakes in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the probable to be a world class asset. In upswing, the multi-commodity firm clenches a 19% interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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