Premier African Minerals (LSE:PREM) reported further construction progress at its Zulu Lithium and Tantalum Project in Zimbabwe as it works toward commissioning in the second quarter of 2026. Newly installed flotation cells have now been fully fitted and aligned under the supervision of the equipment manufacturer’s engineer, while both product and tailings pumps have been installed.
Work continues across other parts of the processing plant, including the installation of structural steel, flotation launders and plant integration piping. Assembly of the motor control switchgear remains on schedule and is expected to arrive on site within the next two weeks as development activities move forward.
Operational preparations are also advancing. The company is developing a commissioning plan, with its process engineering team mobilising to support the start-up phase. At the same time, Premier is in discussions with a mining contractor to secure a consistent ore supply. A stockpile of roughly 5,000 tonnes of run-of-mine material is already available to support initial commissioning activities.
The company continues to target plant commissioning and optimisation in the second quarter of 2026, with the aim of reaching steady-state production of specification-grade spodumene concentrate. Achieving this milestone would strengthen Premier’s role in the lithium supply chain and could improve long-term value for shareholders if operational targets are met.
However, the group’s outlook remains constrained by financial pressures, including ongoing losses, negative gross profit and continued cash burn. Technical indicators also remain weak, with the share price trading below major moving averages and showing negative momentum, while the absence of earnings and dividend support limits valuation upside.
More about Premier African Minerals
Premier African Minerals Limited is an AIM-listed mining and natural resources development company focused on projects across Southern Africa. Its portfolio includes commodities such as tungsten, lithium, tantalum and rare earth elements. Key assets include the RHA Tungsten Mine and the Zulu Lithium Project in Zimbabwe, alongside a pipeline of projects ranging from near-term development opportunities to early-stage exploration prospects.
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