Mining

Zimbabwe: Cadence Minerals to pump $5.1M in Zulu project

Wednesday, 27 June 2018 18:18

Premier African Minerals clinched with Cadence Minerals a direct investment agreement worth $5.1 million for its Zulu lithium and tantalum project, in Zimbabwe. The completion of this investment will see Cadence acquire 30% stake in the project.

“This conditional HoT (ed: heads of terms) with Cadence underlines the value and potential of the Zulu project, with a post-investment value of $17-million, reaffirming Premier’s belief that the project is potentially one of the leading hard-rock lithium exploration projects on the London market,” said Premier CEO George Roach.

Let’s note that the Zulu project hosts 20.1 million tons of resources at 1.06% lithium oxide, and 51 parts per million (ppm) tantalum pentoxides. It is considered as the largest undeveloped lithium bearing pegmatite resource in Zimbabwe.

Louis-Nino Kansoun

On the same topic
Namibia becomes party to Luanda Agreement alongside Angola, Botswana, and DRC Initiative aims to counter rising competition from lab-grown...
First crude loading under EACOP planned within five months Heated pipeline linking Uganda to Tanzania is 79 % complete Project is...
The World Bank approved $150 million to improve water and electricity services in Gabon. The project will target service quality,...
SolarAfrica closed 1.5 billion rand ($94 million) in financing for the 114 MW SunCentral 2 solar plant. FirstRand Bank, through Rand Merchant...
Most Read
01

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
02

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
03

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
04

Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...

Rwanda Mobilises Global, Local Finance for $2Bln Innovation City Targeting Africa’s Digital Economy
05

The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...

Togolese Fintech Semoa Wins Full-Service BCEAO License
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.