Premier African Minerals (LON: PREM) confirms that the plant at the Zulu lithium project in Zimbabwe will produce spodumene of the specification required by the offtake partner. The share price rose 3% to 0.44p. The share price is still 13.7% lower since the beginning of the year.
The company has decommissioned and relocated the RHA tungsten mine mill to Zulu as an interim measure due to the construction delays of the 40tph pilot plant, which is being modified. The relocated plant should begin commissioning in the coming month.
There has been an overall spodumene recovery of approximately 81% from mica tailings. The adviser believes that it may be worth testing magnetic separation on final spodumene concentrate. That could reduce the Fe2O3 content.
