Premier African Minerals Limited Zulu Update (8151O)
12 October 2021 - 10:00PM
UK Regulatory
TIDMPREM
RNS Number : 8151O
Premier African Minerals Limited
12 October 2021
12 October 2021
Premier African Minerals Limited
Zulu Update
Premier African Minerals Limited ("Premier" or the "Company"),
is pleased to provide this update on progress at Premier's Zulu
Lithium and Tantalum ("Zulu") project in Zimbabwe and the first
preliminary grade estimates using a laser induced breakdown
spectroscopy ("LIBS") system.
Highlights:
-- Preliminary results from ZDD-52 (RNS 2 September 2021) for
13.39 M continuous mineralized section is 1.37% Li(2) O average
grade across the entire width.
-- Highest grade between 54.32 M and 55.32 M is 2.16% and lowest
grade between 44.13 M and 45.13 M is 1%.
-- 15 holes now complete with approximately 2,735 M drilled to date.
-- Two rigs, with a night shift component now operating with one
focused on geotechnical requirements for the Feasibility Study
("DFS") currently underway.
George Roach, CEO commented ,"The preliminary results above are
the first obtained from use of our LIBS system at site. The results
are preliminary and subject to confirmation by independent
certified laboratory analysis using industry accepted analytical
methods for Lithium. Use of the LIBS system has only been possible
through the fully compliant sample preparation set up at Zulu and
is expected to expedite results and provide guidance to our
resource development and ongoing drilling program. The LIBS system
in use at Zulu has been calibrated using certified reference
material and provides a high level of confidence in the results
obtained.
It is particularly pleasing that this intersection is from an
area not previously included in our existing resource statement but
was forecast as an exploration target. More encouraging and most
pleasing is the apparent consistent average grade across what is a
wide intersection. Our team at Zulu are heavily engaged in core
cutting and sample preparation for the many wide intersections
encountered in the completed holes and we are hugely excited to see
these results and look forward to consistent reporting and early
confirmation from independent laboratories, allowing for potential
upgrading of the overall resource tonnage.
Exploration activity is ongoing over the extended Exclusive
Prospecting Order Area ("EPO") and will now also extend to look at
gold potential in the region of the flooded shaft located within
the EPO. Historic dumps at site hold potential to be assessed as
much as a proper examination of the existing developments when we
are able to dewater the mine.
Further updates will follow".
Drilling at Zulu:
The Company has now completed a 15 drill holes, equivalent to
approximately 2,735 M since the start of the DFS programme. The
current drilling programme is focussed on expanding as well as
upgrading the resources in the Main Zone, and, to delineate further
the Lithium mineralisation in the step out zones.
Lithium Results:
The table below sets out the preliminary results from hole
ZDD-52. The analysis has been prepared at the Company's sample
preparation facilities with the use of a LIBS system at site. The
results are subject to confirmation by independent certified
laboratory assays using industry accepted analytical methods for
Lithium:
Table 1. Recent Drill Results.
Drill Azimuth Dip Total length From To (M) Interval length Li(2)
hole (M) (M) (M)* O (%)
ZDD-52 225 60 190 41.93 55.32 13.39 1.37%
-------- ---- ------------- ------ ------- ---------------- --------
Including 44.13 45.13 1.0 1.0%
-------- ---- ------------- ------ ------- ---------------- --------
54.32 55.32 1.0 2.16%
-------- ---- ------------- ------ ------- ---------------- --------
* Drilled widths
Qualified Person:
Chris Male, Geologist with Premier, has reviewed and approved
this release to the extent that reference is made to the Zulu. 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
----------------------------------- --------------------------
Glossary of Technical Terms:
"Li" Lithium.
"Li(2) Lithium Oxide and is the standard referenced in our
O" Mineral Resource Estimate.
"LIBS" Laser Induced Breakdown Spectroscopy
https://sciaps.com/libs-handheld-laser-analyzers/z-300/
.
"M" Meters.
Ends
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