TIDMPREM
RNS Number : 4529K
Premier African Minerals Limited
02 September 2021
2 September 2021
Premier African Minerals Limited
("Premier" or the "Company")
Zulu Update
Premier African Minerals Ltd ("Premier" or the "Company"), is
pleased to provide this update on progress at Premier's Zulu
Lithium and Tantalum ("Zulu") project in Zimbabwe where drilling
has commenced with 1,000 meters completed.
Highlights:
-- Two rigs drilling to date have been focused on step out zones intended to increase the Mineral Resource estimate
-- Six Diamond holes completed to date with planned 20,000 meters of diamond core drilling including sample
collection for test work
-- Good intersections of visible spodumene mineralisation encountered. Best intersections of 20.68 meters in ZDD52
including continuous intersection of 12.1 meters at depth of *47.35m to *59.45m
-- Location of mineralised intersections in completed boreholes indicate continuity within the step out zone and
subject to assay results may increase the overall resource estimate at Zulu Lithium
-- One rig will be dedicated from September to larger diameter core recovery for metallurgical, mineralogical, and
geotechnical test work
-- Third rig expected on site October 2021
-- First assay results expected September 2021
George Roach, CEO commented ," I am pleased with the progress to
date both at Zulu and in the Exclusive Prospecting Order ("EPO")
extended area of over 200 square kilometres. As much as I have
expectations for this EPO and results from resource drilling, our
focus must be fixed on the Definitive Feasibility Study ("DFS")
requirements.
Our priority at this time is metallurgical test work to guide
the design of the plant that will have to be built to produce the
concentrates we plan to sell. Quite large samples are required and
these need to be recovered from within the known resource. This
test work will in all likelihood be undertaken in Europe and the
quicker we collate the sample material and get it shipped, the more
likely we are to maintain our timelines to DFS".
Zulu EPO Work Programme:
Work on the EPO to date has included collation of historic data,
initial surface mapping and inspection, and is progressing with
ground based geophysical data gathering and compilation of a
detailed remote sensing study, including hyperspectral imaging to
identify possible spectral features of pegmatite intrusions and to
discriminate the Li-bearing pegmatites from the host rocks. This
approach has the potential to generate additional exploration
targets over the almost 200 square kilometre EPO. An overview of
the EPO can be viewed on Premier webpage on the below:
http://www.rns-pdf.londonstockexchange.com/rns/4529K_1-2021-9-1.pdf
The Company believes that the Deep Purple Pegmatite in the
overview of the EPO should be of particular interest due to its
relationship to the main Zulu ore bodies which are only 8
kilometres away. Historically, this has been associated with
abundantly occurring deeply purple coloured lepidolite but has also
been worked for spodumene and is reportedly a source for
pollucite.
Qualified Person:
Chris Male, Geologist with Premier African Minerals Limited, has
reviewed and approved this release to the extent that reference is
made to the Zulu Lithium Project. Mr. Male is a SACNASP and GSSA
registered geoscientist with 13 years' experience in exploration
and project management, in multicommodity projects throughout
Africa.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018.
The person who arranged the release of this announcement on
behalf of the Company was George Roach.
Notes to Editors:
Premier African Minerals Limited (AIM: PREM) is a
multi-commodity mining and natural resource development company
focused on Southern Africa with its RHA Tungsten and Zulu Lithium
projects in Zimbabwe.
The Company has a diverse portfolio of projects, which include
tungsten, rare earth elements, lithium and tantalum in Zimbabwe and
lithium and gold in Mozambique, encompassing brownfield projects
with near-term production potential to grass-roots exploration. The
Company holds 5,010,333 shares in Circum Minerals Limited, the
owners of the Danakil Potash Project in Ethiopia, which has the
potential to be a world class asset.
In addition, the Company holds a 19% interest in MN Holdings
Limited, the operator of the Otjozondu Manganese Mining Project in
Namibia.
Enquiries:
George Roach Premier African Minerals Limited Tel: +27 (0) 100 201 281
Michael Cornish / Roland Cornish Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
(Nominated Adviser)
----------------------------------- --------------------------
Jerry Keen/Edward Mansfield Shore Capital Stockbrokers Limited Tel: +44 (0) 20 7408 4090
Matthew Bonner EAS Advisors LLC Tel: +1 646 495 2225
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Glossary of Technical Terms:
"Li" Lithium.
"lepidolite" is the mineral name for lithium bearing mica KLi(2) Al
(Si(4) O(10) )(F,OH)(2) an important ore of lithium.
"pegmatite" is an exceptionally coarse-grained igneous rock, with
interlocking crystals, usually found as irregular dikes,
lenses, or veins, esp. at the margins of granitic intrusions.
"pollucite" a colourless transparent mineral (Cs,Na)(2) Al(2) Si(4)
O(12) .H(2) O of the zeolite family consisting of hydrous
caesium aluminum silicate and occurring massive or crystallizing
in cubes.
"Mineral A 'Mineral Resource' is a concentration or occurrence
resource" of solid material of economic interest in or on the Earth's
crust in such form, grade or quality and quantity that
there are reasonable prospects for eventual economic
extraction. The location, quantity, grade, continuity,
and other geological characteristics of a Mineral Resource
are known, estimated, or interpreted from specific geological
evidence and knowledge, including sampling.
"Spodumene" is a pyroxene mineral that is typically found in lithium-rich
pegmatites. It is usually associated with other lithium
minerals such as lepidolite, eucryptite, and petalite.
Spodumene has a chemical composition of LiAlSi(2) O(6)
but small amounts of sodium sometimes substitute for
lithium. Spodumene is an important ore of lithium.
Ends
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