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Oliver Kazunga, Senior Business Reporter

DIVERSIFIED and Zimbabwe-focused mining group, Premier African Minerals has initiated a definitive feasibility study (DFS) and a funding strategy to be applied in future development of its Zulu lithium and tantalum project in Matabeleland South.

In a statement, Premier said the Zulu deposits were contained within an Exclusive Prospecting Rights area greater than 200 square kilometers with major potential lithium, cesium, tantalum pegmatite prospects.

“The projected timeline to complete the DFS at Zulu has been ratified by Bara Consulting and their appointment is immediate,” said Premier African Minerals chief executive officer, Mr George Roach.

Bara Consulting is a United Kingdom-headquartered independent engineering consultancy focused on serving the global mining industry.

Mr Roach said the projected timeline to complete the DFS at Zulu has been ratified by Bara and their appointment was immediate.

Furthermore, a geological mineral processing engineering firm, Hainstech, has completed a site visit to Zulu and reported on the deposit and its potential as announced on August 1, 2017.

“Premier has not concluded final financing details but expects to update shareholders at our next annual general meeting, which is expected to be announced in the coming weeks,” said Mr Roach.