Firering Strategic Minerals plc (LON:FRG), an emerging quicklime production and critical mineral exploration company, has announced an operational update with regards to its quicklime project in Zambia where commissioning of the first of eight kilns has commenced.
HIGHLIGHTS
· Final modifications to Kiln 1 completed at the end of November 2024.
· Commissioning of Kiln 1 commenced with test runs; production of first quicklime to be expected in a matter of weeks following the new year.
· Kiln feed, comprising the -90mm to +60mm size fraction, has been stockpiled near the lime plant, with a total of ~26,000 tonnes currently available for processing.
· Limeco continues to deliver monthly operational positive cashflow with aggregate production from the minus 60mm stream continuing to contribute.
Yuval Cohen, Chief Executive of Firering Stratgeic Minerals, said: “We are pleased with the excellent progress at Limeco, highlighted by yet another key milestone achieved with the commissioning of Kiln 1. Furthermore, the construction of the gasifier is nearing completion. This is an exciting but busy period for Limeco as it gears up for steady quicklime production from its first kiln while advancing efforts to bring the remaining seven kilns online in phases during 2025. These achievements are set to establish Limeco as potentially Zambia’s largest quicklime producer.”
