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Premier African Minerals looks to re-boot after RHA sign-off

What it owns
RHA

Tungsten deposit RHA is situated in an area of historic production, approximately 270km northwest of Bulawayo.

The project comprises 50 Mineral Claim Blocks, covering 1,800 hectares, consisting of 10 owned by Premier and 40 which are under option.

Small-scale surface and underground mining was conducted at the site between 1931 and 1979.

The deposit is approximately 800m in strike length and 300m wide.

Premier African recently announced a resource of 22.1mln tonnes at 2.45kg per tonne in both the underground and open-pit operations.

To date, Premier African Minerals has invested around US$18mln in the acquisition and development of the mine.

Zulu lithium project
Situated 80km from Bulawayo in Zimbabwe, Premier believes the project is potentially the largest undeveloped lithium-bearing pegmatite in Zimbabwe.

Zulu comprises 14 mineral claims covering a surface area of 3.5 km2 which are prospective for lithium and tantalum mineralisation.

In June 2017, Premier a..

What it owns

RHA

Tungsten deposit RHA is situated in an area of historic production, approximately 270km northwest of Bulawayo.

The project comprises 50 Mineral Claim Blocks, covering 1,800 hectares, consisting of 10 owned by Premier and 40 which are under option.

Small-scale surface and underground mining was conducted at the site between 1931 and 1979.

The deposit is approximately 800m in strike length and 300m wide.

Premier African recently announced a resource of 22.1mln tonnes at 2.45kg per tonne in both the underground and open-pit operations.

To date, Premier African Minerals has invested around US$18mln in the acquisition and development of the mine.

Zulu lithium project

Situated 80km from Bulawayo in Zimbabwe, Premier believes the project is potentially the largest undeveloped lithium-bearing pegmatite in Zimbabwe.

Zulu comprises 14 mineral claims covering a surface area of 3.5 km2 which are prospective for lithium and tantalum mineralisation.

In June 2017, Premier announced a Maiden Mineral Inferred Resource Estimate on Zulu of 20.1 million tonnes grading 1.06% Li2O.

A scoping study in 2017 indicated a value of US$127mln for a 15-year open cast operation mining a concentrate of spodumene and petalite.

Circum

Premier African owns just over 5mln shares in the privately-owned natural resources group, which is developing its wholly-owned Danakil Potash project in the Danakil Depression in Northern Ethiopia.

The Danakil Project has the potential to be a world-class potash project says Premier, which said in August it would ask shareholders for approval to sell it stake.

MNH

MNH operates the producing Otjozundu manganese mine in Namibia.

Neil Herbert, its chairman, has joined the Premier board. He is also currently chairman of IronRidge Resources, Helium One and Siderian Resource Capital.

Otjozondu is currently exporting 5,000 tonnes lump ore per month at better than 35% manganese with production set to increase.

The mine also has an exploration target of 30-50mln tonnes grading at 23%-27% manganese.

In the year to June Otjozondu generated revenues of N$21mln (US$Read More – Source

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Australia

European Metals inks deal with CEZ for 51% of Cinovec

European Metals Holdings Ltd (LON:EMH) shares advanced in Thursdays early deals as it confirmed an agreement that sees state-owned CEZ receive the option to invest €34.06mln and take a 51% stake in the companys Czech subsidiary Geomet.

The Czech unit holds the Cinovec asset which is described as a “globally significant lithium project”, as it is presently the largest known lithium resource in Europe.

CEZ has exclusivity during the option period and the completion of the proposed investment is contingent upon due diligence, approval at AGM/EGM, agreement over future work programmes and budgets along with agreement over a new management team (including a chief executive and chief operating officer for Geomet).

READ: European Metals agrees terms for sale of majority of Cinovec[hhmc]
In a document sent to its shareholders, European Metals said: “The company considers that CEZ group is an ideal strategic and financial partner for the Cinovec project.

“In addition to CEZ's financial..

European Metals Holdings Ltd (LON:EMH) shares advanced in Thursdays early deals as it confirmed an agreement that sees state-owned CEZ receive the option to invest €34.06mln and take a 51% stake in the companys Czech subsidiary Geomet.

The Czech unit holds the Cinovec asset which is described as a “globally significant lithium project”, as it is presently the largest known lithium resource in Europe.

CEZ has exclusivity during the option period and the completion of the proposed investment is contingent upon due diligence, approval at AGM/EGM, agreement over future work programmes and budgets along with agreement over a new management team (including a chief executive and chief operating officer for Geomet).

READ: European Metals agrees terms for sale of majority of Cinovec[hhmc]

In a document sent to its shareholders, European Metals said: “The company considers that CEZ group is an ideal strategic and financial partner for the Cinovec project.

“In addition to CEZ's financial strength, the Board believes that CEZ provides strong strategic relationships within the Czech Republic, the European Union and abroad.

“CEZ is a leader in power generaRead More – Source

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Australia

Argosy Minerals plans first trial lithium carbonate shipment in early 2020

Argosy Minerals Limited (ASX:AGY) is scheduling a preliminary trial cargo of about 5 tonnes of high-quality lithium carbonate produced from its industrial-scale pilot plant operations in Argentina for shipment early next year.

This trial cargo will deliver into the sales agreement for product from the Rincon Lithium Project which was executed in March 2019.

High-quality product
It comes as the company is achieving consistent high-quality lithium carbonate product from the pilot plant at the project, with results reaching up to 99.8% lithium carbonate content.

This content also has very low impurity levels, including no detected iron or other magnetic materials based on regular sample lot testing using the companys on-site laboratory.

“Excited” at pending shipment
Argosy managing director Jerko Zuvela said, “We are excited at the pending maiden shipment of high-quality lithium carbonate produced from our Rincon Lithium Project and confirming our status as the first LCE producer from..

Argosy Minerals Limited (ASX:AGY) is scheduling a preliminary trial cargo of about 5 tonnes of high-quality lithium carbonate produced from its industrial-scale pilot plant operations in Argentina for shipment early next year.

This trial cargo will deliver into the sales agreement for product from the Rincon Lithium Project which was executed in March 2019.

High-quality product

It comes as the company is achieving consistent high-quality lithium carbonate product from the pilot plant at the project, with results reaching up to 99.8% lithium carbonate content.

This content also has very low impurity levels, including no detected iron or other magnetic materials based on regular sample lot testing using the companys on-site laboratory.

“Excited” at pending shipment

Argosy managing director Jerko Zuvela said, “We are excited at the pending maiden shipment of high-quality lithium carbonate produced from our Rincon Lithium Project and confirming our status as the first LCE producer from Salta Province in Argentina.

“It is another strong endorsement for Argosy, the Rincon Lithium Project and our fast-track development strategy toward commercial LCE production.”

The quality of the upcoming trial cargo is expected to exceed the specifications/Certificate of Analysis set out in the sales agreement.

Pre-shipment samples will be provided prior to full delivery for confirmation purposes.

Sales price formula

The sales price for each cargo will be determinedRead More – Source

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Australia

9 Spokes confirms Bank of America platform is live

9 Spokes International Ltd (ASX:9SP) has confirmed the Bank of America platform is live and available to small business customers.

The Bank of America platform, which is powered by 9 Spokes leverages the latest architectural approaches enabling an accelerated and sustained roll-out of new apps and features.

It responds to bank partners and their SB customers evolving needs by harnessing data from connected business apps and provides richer context on how their business is performing.

The platform is set to roll out in stages across the US.

Background
9 Spokes is a business tracking and insights tool that enables small to medium businesses to harnRead More – Source

9 Spokes International Ltd (ASX:9SP) has confirmed the Bank of America platform is live and available to small business customers.

The Bank of America platform, which is powered by 9 Spokes leverages the latest architectural approaches enabling an accelerated and sustained roll-out of new apps and features.

It responds to bank partners and their SB customers evolving needs by harnessing data from connected business apps and provides richer context on how their business is performing.

The platform is set to roll out in stages across the US.

Background

9 Spokes is a business tracking and insights tool that enables small to medium businesses to harnRead More – Source

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