Firering Strategic Minerals plc (LON:FRG), a company listed on AIM, is making significant strides in quicklime production and critical mineral exploration. With its ambitious plans, FRG is well-positioned to deliver substantial value for shareholders. Backed by a focused strategy and an experienced team, the company is targeting near-term cash generation from its Limeco Project in Zambia, while advancing its lithium exploration in Côte d’Ivoire.
Sheldon Modeland, P.Geo., research analyst at Shard Capital, highlights the company’s potential, stating, “FRG has operational control and has appointed its own CEO with extensive African experience along with consultants who designed the initial Limeco plant. As such, we expect Limeco to become one of the largest quicklime operations able to support Zambia’s ambitious plans to increase its copper production from 0.8Mt per annum to 3Mt by 2031.”
A Robust Asset Base in Zambia
At the heart of FRG’s strategy lies its Limeco Project, a former Glencore asset with a remarkable investment history of over $100 million. This includes a fully operational limestone quarry, a lime plant, and associated infrastructure. The commissioning of the first of eight kilns marks a pivotal milestone, with quicklime production expected to commence in the new year.
