Premier African Minerals, the London-listed mining house, has secured a fresh capital injection of approximately US$950 000 to propel its Zulu lithium and tantalum project in Matabeleland South toward commercial production.
The funding, raised through a new share issue, is earmarked for the final stages of installation and the critical commissioning phase of the Xinhai flotation plant.
This update marks a significant turning point for a project that has been closely watched by local industry observers.
The Zulu project, located in the Insiza district, is currently entering what management describes as a “critical phase” of construction completion.
According to the company, there has been a high degree of coordination between the on-site technical teams and the manufacturer’s engineers to ensure the Xinhai flotation plant—a vital component for processing lithium spodumene—is ready for operation.
“We are very encouraged by the continued and tangible progress being made at the Zulu project,” said Graham Hill, CEO of Premier African Minerals.
Hill said the company was “on the brink of turning an important corner operationally”
For the Matabeleland South province, the advancement of the Zulu project represents more than just a balance sheet victory for London investors.
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The project has become a focal point for infrastructure development and employment in the Fort Rixon area.
As the project shifts from construction to the “detailed planning of commissioning,” the focus now moves to consistent output and the stabilisation of the supply chain.
The lithium sector in Zimbabwe remains a cornerstone of the government’s ambition to build a US$12 billion mining industry.
While the Zulu project has faced previous logistical hurdles, the current progress with the flotation plant suggests the site is nearing its goal of becoming a significant mid-tier producer.
With the newly raised cash providing the necessary working capital, the transition from a development site to an active mine appears closer than ever.
