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Firering Strategic Minerals Plc ( (GB:FRG) ) has shared an update.
Firering Strategic Minerals plc has announced significant progress in its Zambian quicklime operations at Limeco Resources Limited. The company successfully upgraded Kiln 1, achieving a stable throughput of 45-50 tonnes per day, and is working on refurbishing Kiln 2, with plans to bring additional kilns online. The demand for quicklime is strong, with new sales channels established for both higher and lower-grade products. Firering has also secured a Mining Licence for its limestone deposit, planning to start mining operations in Q4 2026. These developments position Limeco as a leading supplier of high-quality quicklime in the region, with a robust sales pipeline and a diverse product range.
More about Firering Strategic Minerals Plc
Firering Strategic Minerals plc is an emerging producer of quicklime and explorer of critical minerals. The company is currently focused on ramping up production at the Limeco quicklime project in Zambia, where it holds a 26.9% interest with an option to increase this to 45%. Firering aims to supply copper producers in the Central African Copperbelt and other regional industries that currently rely on imported quicklime from South Africa. Additionally, Firering is advancing the Atex Lithium-Tantalum Project in northern Côte d’Ivoire, which has significant lithium and tantalum-niobium potential, supporting the global shift to clean energy technologies.
Average Trading Volume: 1,439,151
Technical Sentiment Signal: Sell
Current Market Cap: £6.94M
For a thorough assessment of FRG stock, go to TipRanks’ Stock Analysis page.