Li3 signs JV to acquire half of Premier’s lithium assets in Zimbabwe
Aim-listed Premier African Minerals has signed a binding joint venture (JV) agreement with lithium exploration company Li3 Resources, which will acquire a 50% interest in Premier's hard-rock lithium assets, collectively known as the Li3 project, in the Mutare greenstone belt, in Zimbabwe.
Premier acquired these claims in June 2020 and the assets are held by Premier's wholly owned subsidiary LicoMex.
The Li3 project comprises a number of prospective claim blocks in the Mutare greenstone belt – an area prospective for lithium and gold.
Li3 has until December 31 to acquire the 50% interest in the Li3 project by spending $250 000 in further exploration works.
"The Li3 project is located in a region in Zimbabwe that is receiving significant interest in both lithium and potential gold deposits. The claim blocks are well located and, in several instances, have already attracted interest from international lithium producers.
“Of particular importance is that Li3 plans to list on the TSX, and this brings to Zimbabwe widened international interest and investment.
“For Premier, this expands our lithium interests in Zimbabwe and, while exploration and development at Zulu is independent of the activities of the Li3 project, there is bound to be benefit and synergy. Li3 has indicated that their contribution will be settled in one complete payment, and this is expected imminently,” says Premier CEO George Roach.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation