Firering Strategic Minerals plc (LON:FRG), an emerging quicklime production and critical mineral exploration company, has announce an operational update with regards to its quicklime project in Zambia (Limeco), which is being fast-tracked towards the start of phased commissioning in Q4 2024.
HIGHLIGHTS
· Key modifications to the first of eight kilns are nearly complete, which will significantly improve operational efficiency and lower the plant’s operating costs.
· Aggregate crushing operation continues to perform well, supporting positive cash flow.
· Positioned to commence production immediately on commissioning of Kiln 1 in Q4 2024 with kiln stockpile now standing at +15,000 tonnes.
· Newly built pilot kiln performing effectively, with promising burn test results.
· Positive off-take discussions progressing well, driven by Limeco’s strong production capacity and commitment to quality control, attracting notable market interest.
· Updated JORC-compliant Mineral Resource Estimate anticipated in November 2024.