Firering Strategic Minerals plc (LON:FRG) is an AIM-quoted mining company focused on becoming a near-term cash generating producer of Quicklime, through their Limeco Project in Zambia, whilst at the same time progressing with the exploration and development of their Atex Lithium Project, Côte d’Ivoire.
Limeco was initially established by Glencore plc due to the shortage of quicklime in Zambia and the need for quicklime at its Mopane operatons in Zambia.
In total, over $US100m has been invested in establishing the limestone quarry and constructing the current lime plant.
The lime plant consists of a two stage crushing circuit with an installed primary throughput of 500tph of limestone, and a quicklime production unit comprising eight kilns for burning crushed limestone to produce between 500 and 600 tonnes of quicklime per day.
The Atex Lithium-Coltan Project covers an area of 134.96 km2 and is located 40 km north of the town of Boundiali and approximately 100 km northwest of the city of Korhogo.Fireing holds a 90% stake in the Atex Project.
Firering currently owns a 90% interest in Atex Mining Resources, which holds the Atex Project.
Currently the Atex exploration licence is granted for Lithium, however it is intended that this will be amended to include Niobium-Tantalum, Tin and Gold upon applying for exploitation permits, as per the results of the exploration study. The renewal application was submitted on 6 August 2021 and the permit is now waiting final minister signature.
