- Premier African Minerals said it collected positive assay results from its Zulu lithium project near Fort Rixon in Zimbabwe.

Every bore hole intersected mineralised pegmatite ore bodies and all but one returned wide intersections, with grades ranging from over 4% lithium oxide equivalent to the company's cut-off grade of 0.5% lithium oxide.

'These drilling results reaffirm the size potential of the Zulu deposit,' chief executive George Roach said.

'The results also continue to return high ratios of spodumene to petalite and confirm a core of high-grade mineralisation that is strongly supportive of the high internal rates of return and very rapid payback predicted in our recently released scoping study.'

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