Premier in talks to install additional Spodumene Float Plant at Zulu

Senior Business Writer

PREMIER African Minerals Limited has entered early discussions with a Chinese engineering, procurement and construction management (EPCM) company regarding payment options for the potential installation of an additional spodumene float plant at the Zulu Lithium and Tantalum Project.

This move comes as the lithium mining firm explores strategic options for the Zulu lithium plant at Fort Rixon, Matabeleland South.

In a recent update, Premier indicated it is considering multiple approaches to maximise the Zulu project’s potential, including the sale of the entire plant, a partial sale, or forming a joint venture. The company emphasised the importance of supporting ongoing operations at both Premier and Zulu while evaluating the best path forward.

One of the possible strategies being examined is the installation of a second spodumene float plant. This would involve increasing the throughput beyond the original design capacity to match the surplus cleaner cell capacity, which could significantly enhance production output.

“At the same time, the company is in negotiations that may result in direct investment into Zulu. The company is also happy to advice that it is also in early discussions regarding payment options with a Chinese Engineering, Procurement and Construction Management company that could potentially install an additional spodumene float plant at Zulu,” said Premier African Minerals Limited in a statement.

Premier’s chief executive officer, Mr George Roach, expressed optimism about the ongoing developments.

“We are making progress, and I expect a resolution to this final problem, after which we do expect to produce at grade and design recovery. The alternatives set out above are under active negotiation and a satisfactory outcome should result,” said Mr. Roach.

Last week, Premier was in the market to raise approximately £550 000 at an issue price of 0.0315 pence per new ordinary share, as it seeks to fund its strategic initiatives.

Premier African Minerals is a diversified mining and resource development company with a strong focus on Southern Africa. The company’s portfolio includes the RHA Tungsten and Zulu Lithium projects in Zimbabwe, as well as lithium and gold projects in Mozambique. Its projects span the spectrum from near-term production to grassroots exploration.