Commodity: Lithium and Tantalum
Located in south-central Zimbabwe, Zulu is an advanced exploration project located in an area of known REE mineralisation. Historical exploration results have established Zulu as prospective for lithium and tantalum. An historical Exploration Target estimation of the lithium mineralisation by Rhodesian Selection Trust suggested that 1.4 million tonnes of pegmatite at a possible grade of 1.4 per cent Li2O may be present.
The project comprises structurally controlled lithium bearing pegmatites with historical data from trenches and diamond drillholes. Two types of pegmatite have been identified in the area; both have estimated grades of 1.2% lithium.
Recent geological mapping and trenching has extended the strike extent of the pegmatite for approximately 5km. A 2km strike extension to the north has also been defined. Premier has completed a six diamond drillhole programme and taken grab samples. These samples indicated tantalum contents of between 220ppm and 1,037ppm and lithium contents ranging between 0.2 per cent. and 0.7 per cent Li2O
Premier intends, funds permitting, to advance the Zulu Lithium Project by conducting a further 1,000m of trenching and 2,000m of core drilling with accompanying metallurgical studies with an objective of establishing a code compliant Mineral Resource.
The Group has exercised its option to acquire the Zulu Project.