HARARE – Regional-focused mining exploration firm Premier African Minerals Ltd has identified a wide and well mineralised central zone within its Zulu lithium deposit in Zimbabwe, adding that it had received “expressions of interest” from unnamed parties.
Zulu – which is generally regarded as potentially the largest undeveloped lithium bearing pegmatite in the country is located 80 kilometers east of Bulawayo.
The project comprises 14 claims covering a surface area of 3, 5km². Premier said exploration efforts will now be focused on putting together data on this zone into a maiden resource statement.
It also indicated that it has been approached with expression of interest in participation and/or acquisition in the project.
“Premier is now focused on completion of a maiden resource statement and furthering discussions with parties who have expressed an interest in participation and/or acquisition of this major project,” said the company in a statement.
Premier CEO Mr George Roach commented: “We are expecting results from the metallurgical test-work undertaken by international process specialists, Dorfner Anzaplan, while also focusing on the maiden resource statement and how best to understand the true scale of this world class deposit.
“At same time, we will continue to consider monetization of all or part of this important asset.”