Grant of Exclusive Prospecting Order Zulu Lithium and Tantalum
Premier African Minerals Ltd ("Premier" or the "Company"), is pleased to announce the formal grant of an Exclusive Prospecting Order No. 1779 ("EPO") over an area that encompasses the Zulu Lithium and Tantalum claims ("Zulu") in the Fort Rixon district of Zimbabwe for a period of three years with effect from 12 March 2021 to 11 March 2024. Details of the grant of the EPO are contained in the Zimbabwe Government Gazette published today.
George Roach, Chief Executive of Premier commented:
"I am deeply appreciative of the Zimbabwe Government for the granting of this substantial EPO and Premier will reciprocate with mobilization for the commencement of the Definitive Feasibility Study ("DFS") on the Zulu deposit which has an estimated completion time of 14 months. The EPO area is described in more detail below, and it is important that there are further known lithium bearing pegmatites offering upside to Zulu as well as historic small gold mines, potential molybdenite and many scheelite (a tungsten mineral) occurrences within the area.