Firering Strategic Minerals plc continues to gain momentum in its quicklime project in Zambia, achieving a major milestone in the production of its ancillary product, aggregate. With aggregate production reaching nameplate capacity, the company is well on its way to solidifying its position as a key supplier to Zambia’s booming industrial sector. As the launch of its core quicklime product nears, Firering is proving its strategic foresight in building multiple revenue streams while supporting the Copperbelt’s growing copper industry.
Aggregate production at Firering’s Limeco operation has now reached a robust 30,000 tonnes per month, contributing to a remarkable 58.9% increase in quarterly output. Production in Q4 2024 soared to 84,702 tonnes compared to the previous quarter, highlighting the effectiveness of operational upgrades. The recent installation of a new primary crusher in July 2024 has played a pivotal role in ramping up production, ensuring that Firering meets its annual nameplate capacity of 350,000 tonnes. Industrial companies within Zambia have already begun consuming the aggregate, strengthening Firering’s presence in the local market.
CEO Yuval Cohen has confirmed that first production of the company’s core quicklime product is imminent. Once fully commissioned, the Limeco operation will boast a production capacity of 600-800 tonnes per day, making it the largest quicklime facility in Zambia. With a mine life exceeding 50 years, this project is set to play a crucial role in meeting the needs of the Copperbelt’s rapidly expanding copper producers, who currently rely on quicklime imports from South Africa.
Firering’s strategic advantage is further underscored by its substantial historical investment, exceeding US$100 million. This financial foundation, combined with its advantageous location near key mining operations, positions the company to capitalise on Zambia’s increasing demand for quicklime and aggregates. The ramp-up in production aligns with Firering’s long-term vision of delivering high-quality industrial minerals while creating sustainable revenue streams.
Beyond its Zambian operations, Firering is advancing its Atex Lithium-Tantalum Project in northern Côte d’Ivoire. This exploration initiative focuses on lithium and tantalum-niobium, two critical minerals essential for the future of energy storage and technology. Drilling results have confirmed promising resource potential, further enhancing Firering’s role as a diversified resource company with a presence in established mining jurisdictions.
Firering Strategic Minerals plc (LON:FRG) is an AIM-quoted mining company focused on becoming a near-term cash generating producer of Quicklime, through their Limeco Project in Zambia, whilst at the same time progressing with the exploration and development of their Atex Lithium Project, Côte d’Ivoire.
