Premier African Shares Jump Over 16% on Zulu Lithium and Tantalum Project Commissioning Update

2 min read | August 01, 2024 10:43 AM BST | By Team Kalkine Media

Premier African Minerals Limited (PREM) has provided an update on the commissioning of the recently installed scrubber unit at its Zulu Lithium and Tantalum Project ("Zulu"). The company is pleased with the progress and the performance of the plant, which includes the ENPROTEC flotation units designed to produce high-grade spodumene concentrate.

Folloewing this update, PREM's share price jumped 16.72% to GBX 0.068 apiece at the time of writing on 1 August 2024.

Confirmation of Float Plant Capabilities

Premier has confirmed that the suppliers of the float plant have expressed full confidence in the capabilities of the ENPROTEC flotation units. These units have already achieved the production of a spodumene concentrate with a lithium oxide (Li2O) content of 6.2%, which exceeds the standard SC6 grade typically sought in the market.

Optimization and Fine-Tuning

The suppliers are committed to optimizing the plant's performance to ensure it consistently produces the required grade and recovery at target output levels. This process involves fine-tuning various operational parameters, including the dosing points of reagents, agitation speeds, flow rates between components, slurry densities, and cell resident times. The company plans to test these adjustments on a laboratory scale to fully understand their impact before implementing them at the plant.

Premier has clarified that it does not anticipate the need for any additional plant or equipment at this stage, focusing instead on optimizing existing processes to enhance efficiency and output.

Future Outlook

Premier African Minerals remains focused on achieving optimal performance at the Zulu project. The company is committed to implementing the necessary changes to maximize the production of high-quality spodumene concentrate, which is essential for the growing lithium market.

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next