Zulu lithium to be a world class asset
London Stock Exchange listed mining junior, Premier African Minerals‘ Zulu Lithium and Tantalum project is close to becoming a World Class Mine which investors will be talking about having missed the chance to buy in early.
Rudairo Mapuranga
Recently Premier’s Chief Executive Officer (CEO) George Roach and Pei Zhenhua, the chairman of Suzhou TA&A Ultra Clean Technology Company visited the project to have first-hand information on the project’s growth strategy.
Premier secured US$35 million in pre-funding from Suzhou TA&A Ultra Clean Technology company to enable the construction and commissioning of a large-scale pilot plant. The project is developing at a rapid pace.
According to Roach, the project is posed to become a World Class asset and it will be a game changer to the Zimbabwe Mining industry especially with lithium becoming one of the most sought-after minerals Worldwide.
“Premier is the investment everyone will be talking about having missed the chance to buy in early. We’re going to be a world-class asset, so looking forward to the continued growth and all the great things this will bring to Zimbabwe and local communities,” he said.
Mr Pei said that the team at the Zulu lithium project was working significantly to achieve a world-class asset.
“I have observed that the local Zulu Lithium team is very hardworking and I am quite impressed. Zimbabwe is a safe investment destination and I am confident that this lithium project will be a success.”
Mr Pei is even considering expanding his investment in the country by exploring other opportunities.
“If you want to deliver a successful product you must first become a good corporate citizen and contribute, not only to the product but to the local community. Our team here has conquered many challenges and I believe the standards set are very high,” said Mr Pei.
Globally, industry investment in battery production and its value chain is increasing. This, in turn, is driving demand for underlying battery raw materials, including lithium, whose demand has overtaken that of non-lithium batteries. Chinese investors have shown tremendous interest in the country’s lithium.
Zimbabwe is recognised as one of the most prospective countries in Africa for pegmatite-hosted lithium.
Lithium is increasingly becoming a key mineral worldwide with its demand surging for use in the ceramics industry, mobile phone manufacturing, and the making of automotive batteries.