Firering Strategic Minerals plc (LON:FRG), an emerging quicklime production and critical mineral exploration company, has announced a maiden JORC-code compliant Mineral Resource Estimate for its quicklime project in Zambia, which is being fast-tracked towards an imminent phased commissioning.
HIGHLIGHTS
· 97% increase in resource tonnes compared to the previous non-compliant 2017 MRE.
· MRE totals 145.2Mt at 95.7% CaCO3, comprising 11.8Mt in the Measured category, 55.4Mt in Indicated, and 78.0Mt in Inferred.
· Provides for over 50 years of potential quicklime production.
· Pit optimisation indicates a negligible stripping ratio with low sensitivity to costs and pricing.
Yuval Cohen, Chief Executive of Firering Strategic Minerals said: “I am delighted to announce a maiden JORC-compliant MRE, which almost doubles the resource tonnage of the Project based on the previous non-code resource, and which supports over 50 years of quicklime production. This firmly positions Limeco to become the largest quicklime producer in Zambia and a prominent regional player for many years to come, enabling it to meet the growing demands of the copper industry and other industrial clients.
“Earthlab has once again demonstrated that Limeco’s high-quality Tier 1 limestone deposit forms the foundation of its robust quicklime business. Following the identification of three distinct domains within the Project, A, B, and C, including the new exploration licence granted in September, Domain A has been the primary area of focus. However, Domains B and C present significant opportunities for Limeco to unlock additional value in the future, with potential applications across various industries.”
