The Zimbabwe Government has granted an Exclusive Prospecting Order (EPO) to Premier African Minerals over an area comprising the Zulu Lithium and Tantalum claims (Zulu) in the Fort Rixon district.
The EPO is valid for three years.
Premier African Minerals CEO George Roach said that the company plans to start the definitive feasibility study (DFS) on the Zulu deposit and complete it in 14 months.
The company said that the EPO area holds further known lithium bearing pegmatites, which offer upside to Zulu, as well as historic small gold mines, potential molybdenite and many scheelite occurrences.
Earlier, the company reported the Zulu deposit’s in-house maiden inferred mineral resource estimate at 20.1-million tonnes grading 1.06% lithium oxide and 51 parts per million Ta₂O₅ using a cut-off grade of 0.5% Li₂O.
Roach added: “Since the maiden Mineral Resource Estimate, the geological model has been optimised as at least six new zones of lithium mineralisation have been discovered, supporting an exploration target of up to 80 million tonnes.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“Test work conducted by Anzaplan in Germany on behalf of Premier confirmed that low iron spodumene concentrates of up to 6.5% contained Lithium equivalent was attainable and an independent scoping study prepared by Bara Consulting for Zulu was most encouraging.
“The granting of the EPO reaffirms the Zimbabwean Government policy that Zimbabwe is open for business and further supports the Ministry of Mines policy of creating a US$12 billion mining economy by 2023.”
The Premier African Minerals’ Zulu Lithium and Tantalum Project is regarded as potentially the largest undeveloped lithium bearing pegmatite in the country.