Firering Strategic Minerals’ Limeco awarded additional exploration licence

Firering Strategic Minerals plc (LON:FRG), an emerging quicklime production and critical mineral exploration company, has announced that Limeco Resources, which is developing a significant quicklime project in Zambia towards first production in Q4 2024, has been awarded a 392.51 hectare exploration licence adjacent to its current licence.

Highlights

·    Potential to increase Limeco’s already significant Mineral Resource Estimate (MRE) by between 60 to 70 million tonnes (Mt) at similar grades.

·    Further strengthens Limeco’s already robust economics currently based on producing 600-800 tonnes of quicklime per day for an estimated 30 years.

·    Enables Limeco to scale according to demand in line with Zambia’s goal of significantly boosting copper production.

·    Production of quicklime commencing soon with the first of eight kilns coming on stream during Q4 2024; ancillary revenue streams already contributing positive operational cashflow.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Firering Strategic MineralS PLC

More articles like this

Firering Strategic MineralS PLC

Quicklime powers profitable industrial growth

Explore the vast investment opportunities associated with quicklime, a crucial element in industries like metallurgy, environment, and construction. Find out how Firering Strategic Minerals plc (LON:FRG) is tapping into this lucrative market.

Firering Strategic MineralS PLC

Quicklime powers gold extraction and mine safety

Quicklime might not be the flashiest material in a mining portfolio, but its impact is undeniable. Behind every efficient gold extraction and stable underground coal operation, this reactive compound plays a silent yet critical role. From

Firering Strategic MineralS PLC

The green energy boom and lithium gold rush

The green revolution is reshaping the energy landscape, with lithium at its core. As demand surges for batteries powering EVs and renewable grids, the future hinges on this critical commodity.

Firering Strategic MineralS PLC

Limestone’s remarkable potential

Discover the versatility and strength of limestone, a key material in construction and beyond. Learn about its unique properties and wide-ranging applications.

Firering Strategic MineralS PLC

Lithium market booms with unprecedented growth

The global lithium market is booming, driven by EV demand and battery innovation. As sustainability gains traction, the future looks bright for lithium. Firmly positioned in this exciting sector is Firering Strategic Minerals plc, an AIM-quoted mining company with projects in both quicklime and lithium production.