Premier African Minerals said it is extremely pleased with the initial maiden resource estimate for the Zulu Lithium and Tantalum project in Zimbabwe.
Chairman and CEO George Roach said these reinforced Premier's belief that Zulu was a very significant new lithium deposit with all the hallmarks of a world-class lithium project.
"The maiden inferred mineral resource estimate is based on our initial 2511m exploration drilling programme which was focussed on only 1200m of the southern part of the known 3.5km strike length of the project," he said.
"The drilling programme confirms that the deposit remains open at depth and on strike.
"We commenced an extended drilling programme focussed on infill drilling in the southern part of the deposit as well as step out drilling of various areas along the 3.5km known strike length, which we believe to host further substantial lithium mineralisation."
To date, the results have been very good and Premier was looking forward to delivering further additions to its resource inventory in the coming months and laying the foundations for a substantial, long-life strategic metal business.
- Maiden SAMREC Compliant Inferred Mineral Resource Estimate of 20.1 million tonnes @ 1.06 % Li2O and 51 ppm Ta2O5 using a cut-off grade of 0.5% Li2O.
- Containing 526,000 tonnes of Lithium Carbonate Equivalent ("LCE") and 1025 tonnes of Tantalum Pentoxide.
- Maiden Resource Estimate covers only 35% of Zulu's known 3.5km surface strike length and drilling continues to upgrade and expand this Mineral Resource Estimate.
- Deposit remains open at depth and along strike.
- Exploration target has the potential to increase the maiden Mineral Resource Estimate.
- Metallurgical test work underway.