LONDON (ShareCast) - (ShareCast News) - Mining exploration and production company Premier African Minerals reported on Friday that significant tantalum grades have been recorded from the current 2,500 meter drilling programme at the company's Zulu Lithium and Tantalum Project in Zimbabwe.
The AIM-traded firm said significantly elevated tantalum grades were encountered in all holes sampled to date, with grades reported as high as 706 ppm Ta2O5 in borehole ZDD 14.

It also posted "massive lithium enriched mineralised intersections" in excess of 40 meters in hole ZDD-05.

"These interim results are extremely encouraging and support the company's view that Zulu has the potential to be one of the best hard rock lithium projects today," said Premier CEO George Roach.

"The tantalum grades are even more significant when compared to the bell-weather Pilgangoora Lithium-Tantalum deposit, which is currently being developed in Australia by Pilbara Minerals Ltd and has reported generally lower tantalum grades than the current Zulu results received to date in their latest reserve statement in August 2016.

"Pilbara Minerals report that their Proved and Probable Ore Reserve are 69.8 million tonnes grading 1.26% Li2O (Spodumene) and 132ppm Ta2O5. We eagerly await the lithium assays from the South African labs."

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