Premier African Minerals Ltd has made significant progress in advancing the Zulu lithium and tantalum project in Zimbabwe, as announced by CEO George Roach. The company has focused on addressing design issues within the project, with a particular emphasis on improving the efficiency of material processing for the floatation plant.
Roach detailed upcoming modifications to the plant’s plumbing, which are expected to resolve remaining challenges, especially in the flotation section, aimed at improving recovery rates. These modifications are part of the project’s final stages before commissioning, demonstrating the company’s commitment to achieving operational excellence.
In addition to operational updates, Premier African Minerals has successfully raised £2 million through the issuance of new shares, along with securing a $300,000 working capital facility with a local lender in Zimbabwe. These funds are designated for working capital, supporting the mining operation’s considerable expenses, including diesel for power generation and mining costs, as the project advances towards an anticipated production rate of over 70,000 tonnes per month.
Investors are advised to look for upcoming milestones, particularly improvements in the flotation process that are expected to enhance production tonnages. The company remains focused on resolving the final challenges of the flotation plant to reach its production goals, demonstrating a strong commitment to delivering value to its stakeholders.
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