deltazero
- 29 Oct 2014 07:25
http://minesite.com/2014/10/28/premier-african-minerals-could-deliver-a-455-per-cent-irr-for-the-rha-tungsten-project-on-an-initial-outlay-of-just-us5-million/
Premier African Minerals Could Deliver A 455 Per Cent IRR For The RHA Tungsten Project On An Initial Outlay Of Just US$5 Million
Next bagger imminent
driver
- 13 Aug 2017 22:28
- 31 of 56
Premier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused in Southern Africa, is pleased to report the independent confirmation of the prospectivity and size potential of the Zulu Lithium and Tantalum Project ("Zulu") in Zimbabwe following a site visit by Don Hains from Hains Engineering Company Limited ("Hains Engineering"), an independent geological consulting group with significant experience in industrial minerals and lithium.
Highlights
-- Independent report on the Zulu Lithium and Tantalum Project
-- Significant additional tonnage potential within the Zulu claims
-- Good potential for additional pegmatites to be found
-- Zulu's geological potential is considerable
-- Regional potential for lithium mineralisation could be significant
George Roach, CEO commented: "I am pleased to see this independent confirmation of the potential of Zulu Lithium Project carried out by Don Hains, an acknowledged expert in industrial minerals. The Board believes that this study provides further vindication that we should look to maximise value from Zulu before reaching any final decision regarding the various ongoing strategic discussions at this time. We believe that the potential scale and size of Zulu is analogous to other world-class lithium enriched pegmatite deposits and hence Zulu has the potential to be a company-making asset."
Zulu Lithium
Reference to the report has been approved by the author, Don Hains from Hains Engineering. Premier will also progress its review of strategic options for the development of Zulu and the options for unlocking value for the Company and its shareholders, including possible strategic partnerships and / or the possibility of a separate listing for Zulu Lithium.
Premier released a maiden resource statement on the 6 June 2017, reporting a SAMREC compliant inferred mineral resource estimate for Zulu of 20.1 million tonnes @ 1.06 % Li2O and 51 ppm Ta2O5 using a cut-off grade of 0.5% Li2O, including 7,159,048 tonnes @1,5% Li2O.
The resource estimate contained 526,000 tonnes of lithium carbonate equivalent (LCE) and 1,025 tonnes of tantalum pentoxide. The maiden resource estimate covered only 35% of Zulu's known 3.5km surface strike length and drilling continues in order to potentially upgrade and expand the mineral resource estimate. Premier's resource target lies between 60-80 million tonnes; however, this does not include the recently discovered pegmatite zones on the east and southern parts of the licence.
Metallurgical test results from test-work conducted by German based Dorfner Anzaplan confirmed both in the projected commercial grades of concentrates, and the low iron content that offers additional markets not only for spodumene and petalite but also the potential for high grade feldspar and high purity quartz. Ongoing drilling at Zulu has yielded most encouraging mineralisation in the core and assay results are expected over the coming weeks. The assay results are likely to upgrade and expand the compliant resource.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
mitzy
- 07 Nov 2017 14:09
- 35 of 56
Impressive turnaround here.
mitzy
- 20 Nov 2017 17:21
- 36 of 56
Flying today on Zimbabwe news.
driver
- 20 Nov 2017 19:12
- 38 of 56
mitzy
- 21 Nov 2017 19:31
- 40 of 56
Best news from Zim tonight.
driver
- 21 Nov 2017 20:52
- 41 of 56
driver
- 06 Dec 2017 16:36
- 43 of 56
driver
- 07 Dec 2017 22:49
- 44 of 56
driver
- 12 Dec 2017 20:34
- 45 of 56
driver
- 02 Jan 2018 22:42
- 48 of 56