Premier African Minerals sees shares fall on spodumene reagent delay

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LONDON (Alliance News) – Premier African Minerals Ltd on Monday bemoaned production delays at its Zulu lithium and tantalum project in Zimbabwe.

The Africa-focused minerals and metals project developer said that two issues delayed production this weekend, the first of which was final approval from a Zimbabwean authority for the Zulu project.

The second was the late delivery of one outstanding reagent.

Chief Executive Officer George Roach said this was short-ordered “due to an error on the part of the plant supplier”. The reagent is freely available, he added, but not in Africa, and complications related to airfreight of a chemical substance has caused this delay.

Not having the reagent does not make it impossible to produce spodumene, but it does affect the grade of spodumene concentrate produced.

Roach added: “We believe that the above issues will be resolved in the coming days and will update the market thereafter.”

Premier African Minerals shares were trading 1.7% lower at 0.91 pence each in London on Monday afternoon.

Source: London South