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Firering Strategic Minerals Plc ( (GB:FRG) ) just unveiled an announcement.
Firering Strategic Minerals Plc has achieved a key milestone with the commissioning of the first of eight kilns at its quicklime project in Zambia, marking significant progress in its operations. The completion of final modifications to Kiln 1 and the commencement of test runs set the stage for first quicklime production in early 2025. This development positions Limeco, Firering’s project, as a potential leading quicklime producer in Zambia, crucial for fulfilling the increasing demand from the copper industry and other sectors. The project’s advancements, including the nearing completion of the gasifier and steady progress on infrastructure, underline Firering’s strategy to expand its operational capacity and market influence.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals Plc is an AIM-listed resource company that focuses on a significant quicklime project in Zambia, aiming to produce 600-800 tonnes of quicklime per day and other ancillary products. The company has invested over US$100 million historically and is strategically positioned to support Zambian Copper Belt copper producers who currently rely on imported quicklime from South Africa. Firering holds a substantial stake in Limeco Resources Limited and also manages the Atex Lithium-Tantalum Project in Côte d’Ivoire, indicating potential resource exploration and development.
YTD Price Performance: 9.41%
Average Trading Volume: 1,950,507
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.57M
Learn more about FRG stock on TipRanks’ Stock Analysis page.
