Zulu lithium mine has the potential to emerge as one of the more substantial hard rock lithium-rich mine in Zimbabwe, Premier African Minerals Chief Executive Officer Mr George Roach has said.
Premier has made progress on drilling at its Zulu Lithium project presently under development in Matabeleland South province with presently waiting for assay results.
According to Roach following observations from preliminary drilling at its Zulu lithium project it expects to substantially add to the existing resource estimate.
“Whilst we wait for assay results and modelling, it is most encouraging to note the pegmatite intersections encountered in a zone not previously included in any of our exploration target assessments or in the existing resource estimate. Together with preliminary results from exploration activities in the wider Exclusive Prospecting Area, this continues to support my view that Zulu is likely to emerge as one of the more substantial hard rock lithium-rich regions in Zimbabwe, a country already hosting significant LCT pegmatites, and a deposit with world-class potential.” Roach said.
Roach said that the company was assessing investors who want to invest in the Zulu lithium project in order to improve the mine’s funding for the growth and development of the lithium sector in Zimbabwe.
“As announced on 5 November 2021, I indicated that Premier was in discussion with interested parties regarding investment into Zulu. I can confirm that due diligence visits are underway, and indications are that Premier is dealing with strong and growing interest as we progress Zulu.” Said Roach.
The Minister of Mines and Mining Development Hon Winston Chitando is optimistic that the Zulu lithium mine will be one of the significant lithium players to contribute to the US$12 Billion mining roadmap where the mining sector is expected to fetch an annual revenue of US$12 billion by 2023 with lithium contributing half a billion.