Premier African Minerals Updates on Zulu Lithium Project

Published: Jun 21, 2024 12:01

Source: SMM

Save

On 18 June, Premier African Minerals Limited announced progress on its Zulu Lithium Project in Zimbabwe, emphasizing that the conditioning tank delivery and commissioning remain on track for completion by the week of 10 July 2024. The company plans to sell lower-grade concentrates on an ex-mine gate basis, conditional on independent lab analysis in South Africa. This move will eliminate transport costs and provide immediate payment, offering a small cash flow benefit.

CEO George Roach highlighted that the Zulu project has cost nearly $75 million, which is not yet reflected in the company's market capitalization. The plant has achieved design capacity, optimizing flotation circuits and solving previous design deficiencies. The installation of a new ball mill and the resolution of comminution circuit issues have led to improved production efficiency.

The Zulu project continues pit development and careful water management to mitigate drought impacts. Test work for ore sorting is underway, and pit grades exceed initial estimates. The company will provide a detailed review in its upcoming annual financial statements.

Author: Hongqiu Su | Battery Metals Analyst Associate | London Office, Shanghai Metals Market
Email: lilysu@smm.cn

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 27, 2026 17:42

Samsung SDI Signed a 1.6 Trillion Won Battery Materials Contract with South Korean Cathode Materials Manufacturer L&F

Starting in 2027, L&F will supply LFP battery cathode materials to Samsung SDI for three consecutive years.

Mar 27, 2026 17:42

Mar 27, 2026 17:36

Yangquan Company Proposes 120,000-ton Spent Battery Recycling Project

On March 17, an environmental protection technology company in Yangquan proposed the construction of the "Annual 120,000-ton Spent New Energy Power Battery Comprehensive Utilization Project." Phase I of the project involves the dismantling and crushing of 20,000 tons of spent new energy power batteries and the cascade utilization of 5,000 tons of spent new energy batteries.

Mar 27, 2026 17:36

Wenzhou Battery Firm to Add 5,000 Tons Annual Capacity for Spent Lithium-Ion Battery Utilization

On March 16, the Longwan District Bureau of Ecology and Environment released the environmental impact assessment public notice for the "Spent Power Battery Dismantling and Standardized Cascade Utilization Project" undertaken by a battery energy company in Wenzhou. The project primarily involves battery assembly processes. It will add an annual capacity for cascade utilization of 5,000 tons of spent lithium-ion batteries, which are primarily used for base station backup power and energy storage systems.

Mar 27, 2026 17:36