Business
Commencement of Drilling
Commencement of Drilling.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7985T\n Firering Strategic Minerals PLC\n 29 November 2021\n \n \n \n \n Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n \n \n \n \n \n 29 November 2021\n \n \n Firering Strategic Minerals plc\n \n \n \n \n \n Commencement of Drilling \n \n \n \n \n \n Firering Strategic Minerals plc ('Firering' or 'the Company'), an exploration company focusing on critical minerals, is pleased to announce the commencement of a two-year exploration drilling programme at the Atex \n Lithium-Tantalum Project \n in the \n Côte d'Ivoire ('Atex' or 'the Project'). This exploration programme at Atex, which the Board believes has the potential to become Africa's next significant lithium pegmatite and coltan resource, is fully funded from the proceeds of the recent IPO.\n \n \n \n \n \n Key highlights: \n \n \n \n \n \n · \n Commencement of two-year exploration programme at flagship Atex \n Lithium-Tantalum \n Project\n to determine the extent and depth of the lithium bearing pegmatites and define potential coltan resources with the arrival of the first auger drill on site.\n \n \n · \n Atex's exploration programme, planned with the input and approval from CSA Global, comprises two phases: 4,000m of auger drilling and 2,100m of diamond drilling during Phase 1, followed by 1,500m of auger drilling and 4,900m of diamond drilling during Phase 2. Results from the first phase will be used to identify prime lithium and coltan targets for resource definition.\n \n \n · \n Royal Mining ('RM'), the recently appointed drilling contractor, will be carrying out all auger drilling. RM is an experienced drilling company, having worked on AIM quoted \n Atlantic Lithium's (previously known as IronRidge Resources) projects in Côte d'Ivoire and Ghana.\n \n \n · \n RM's drilling activities will be closely monitored by recently appointed \n SEMS Exploration ('SEMS'), a mineral exploration and mining consultancy, with significant experience across West Africa.\n \n \n · \n The start of the drilling programme at Atex is an important milestone for Firering and advances its objective to become an important supplier of \n ethically sourced, strategic minerals required for the transition to a green economy.\n \n \n \n \n \n Yuval Cohen, Chief Executive of F...