Firering Strategic Minerals announces major resource milestone

Firering Strategic Minerals announced its first JORC-compliant mineral resource estimate for the Limeco quicklime project in Zambia. The estimate totals an impressive 145.2 metric tonnes, ensuring over 50 years of potential quicklime production. The assessment was carried out by Earthlab Exploration & Mining Consulting Pty Ltd, reflecting a 97% increase in resource tonnage compared to a non-compliant estimate from 2017.

CEO Yuval Cohen highlighted the identification of three key domains within the project—A, B, and C—with domain A being the current focal point. Domains B and C, however, offer additional opportunities to expand Limeco’s value through applications in diverse industries. The recent granting of a new exploration licence in September adds further potential to the project’s scope.

In trading on Wednesday morning, Firering’s stock price rose by 4.1%, reaching 5.62 pence in London. The company has also released its unaudited interim financial results for the six months ending 30 September 2024.

This milestone strengthens Firering’s position in the mining sector and demonstrates its commitment to sustainable long-term resource development.

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.

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

Mining and metals drive the foundation of modern society

The mining and metals industry is crucial to sustaining the global population, supplying the materials necessary for constructing essential infrastructure such as roads, hospitals, vehicles, and homes. Beyond construction, these resources power the creation of computers,

Firering Strategic MineralS PLC

High demand for Lithium drives long-term opportunities

The global energy transition relies heavily on lithium, a critical component in batteries for electric vehicles (EVs). Although demand has recently slowed due to a temporary lull in EV uptake, projections for the long term indicate

Firering Strategic MineralS PLC

Limestone and its uses in construction and architecture

Limestone, primarily composed of calcium carbonate (CaCO3), is a carbonate sedimentary rock that forms from calcite and aragonite minerals. These minerals crystallise from water with dissolved calcium, through either biological processes, like coral and shell accumulation,

Firering Strategic MineralS PLC

Limestone mining and processing

Limestone mining begins with locating and evaluating a suitable deposit, followed by clearing vegetation and topsoil from the identified site. Once the area is prepared, drilling and blasting methods are employed to expose the layers of

Firering Strategic MineralS PLC

Limestone: A foundation of industry and everyday life

Limestone, a sedimentary rock mainly composed of calcite, makes up approximately 15% of the Earth’s sedimentary crust and serves as a cornerstone in construction and various industrial processes. Its prevalence as a primary material extends across

Firering Strategic MineralS PLC

Powering the future of Clean Energy and Technology

The global demand for strategic minerals continues to surge, driven by the accelerating transition towards clean energy technologies and electric vehicles (EVs). This shift is propelling significant growth across various sectors, from lithium-ion battery production to

Firering Strategic MineralS PLC

Coltan: A key mineral in modern technology

Coltan, also known as Columbite-Tantalite, is an ore that yields two important metals: tantalum and niobium. The mineral is composed of both tantalum-dominant and niobium-dominant components, known respectively as tantalite and columbite. These metals are highly

Firering Strategic MineralS PLC

Understanding limestone and its varieties

Limestone is a sedimentary rock primarily made up of calcium carbonate, often in the form of calcite, or a mix of calcium and magnesium, commonly referred to as dolomite. It frequently contains small fossils, shell fragments,

Firering Strategic MineralS PLC

Firering secures new licence to expand Zambia limestone project

Firering Strategic Minerals has successfully secured an additional exploration licence for its limestone project in Lusaka, Zambia. This expansion, carried out through its subsidiary Limeco Resources, is expected to boost the company’s resource estimates significantly, supporting