Firering Strategic Minerals PLC - Zambia and Ivory Coast-focused mining company - Says its maiden JORC-compliant mineral resource estimate for its Limeco quicklime project in Zambia totals 145.2 metric tonnes, which should provide for more than 50 years of potential quicklime production. The estimate was undertaken by Earthlab Exploration & Mining Consulting Pty Ltd on the group’s behalf. Firering also notes a 97% increase in resource tonnage compared to its previous non-compliant mineral resource estimate in 2017.

Chief Executive Officer Yuval Cohen says: ‘Following the identification of three distinct domains within the project, A, B and C, including the new exploration license granted in September, domain A has been the primary area of focus. However, domains B and C present significant opportunities for Limeco to unlock additional value in the future, with potential applications across various industries.’

Current stock price: 5.62 pence, up 4.1% in London on Wednesday morning

12-month change: up 10%

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