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Firering Strategic Minerals Plc ( (GB:FRG) ) has shared an announcement.
Firering Strategic Minerals plc has achieved nameplate capacity for aggregate production at its Limeco project in Zambia, producing over 30,000 tonnes per month, marking a 58.9% increase in Q4 2024 compared to Q3 2024. This milestone is part of their multi-revenue stream strategy, enhancing operational efficiency, cash flow, and sustainability by optimizing waste stream use for aggregate production. The company is on track to commence production of its core quicklime product, which, once fully operational, will support the Copperbelt’s copper production needs, potentially making Limeco the largest quicklime operation in Zambia.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an AIM-listed resource company focused on quicklime production and critical mineral exploration. The company is working on scaling up production at its quicklime project in Zambia, aiming to produce 600-800 tonnes of quicklime daily. It holds a significant stake in Limeco Resources Limited and is strategically positioned to support the Zambian Copper Belt’s expanding copper production, which currently relies on imported quicklime. Additionally, Firering is developing the Atex Lithium-Tantalum Project in Côte d’Ivoire, an exploration project rich in lithium and tantalum-niobium.
YTD Price Performance: 1.28%
Average Trading Volume: 2,072,272
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.28M
For detailed information about FRG stock, go to TipRanks’ Stock Analysis page.
