REG - Firering Strategic - Quicklime Operations Update

Firering Strategic MineralsAnnouncement

19/09/2025 07:00

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RNS Number : 9455Z  Firering Strategic Minerals PLC  19 September 2025

Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining

19 September 2025

Firering Strategic Minerals plc

("Firering" or "the Company")

 

Quicklime Operations Update

 

Building quicklime production following successful upgrades

 

Firering Strategic Minerals plc (AIM: FRG), an emerging producer of quicklime
and explorer of critical minerals, is pleased to provide an operational update
for its Zambian quicklime operation, Limeco Resources Limited ("Limeco").

 

HIGHLIGHTS

·      Kiln 1 was successfully upgraded with a new Induced Draft ("ID")
fan motor, to achieve a stable throughput of 45-50 tonnes per day ("tpd").

·      Refurbishment of Kiln 2 underway with hot commissioning targeted
in the coming months and Kilns 3 and 4 to follow, applying operational
learnings to optimise efficiency and performance.

·      Strong demand pipeline with buying interest across all product
categories, supporting additional kilns coming online.

·      First sale of lower-grade quicklime, creating value from
previously unsaleable material.

·      In-house salesperson appointed with extensive Zambian quicklime
experience; further product lines under evaluation for local and regional
markets.

·      Mining Licence awarded; operations planned to start during Q4
2026 once the existing stockpile that is currently being drawn from is close
to depletion.

 

Yuval Cohen, Chief Executive Officer of Firering, commented: "We are delighted
with the progress at Limeco, which gives us confidence as we roll out the plan
to bring further kilns online. A strengthening sales pipeline with a more
diverse product range firmly puts Limeco on track to become a leading supplier
of high-quality quicklime to the region."

 

DETAILS

Firering remains focused on scaling up production at Limeco, which is
targeting output of between 600 and 800 tonnes of quicklime per day across its
eight-kiln plant.

 

First production from Kiln 1 was achieved in Q1 2025 (see RNS dated 27
February 2025), reaching approximately 40tpd before being taken offline on 19
July 2025 for scheduled maintenance and performance upgrades. During this
period, Limeco completed several enhancements, most notably the installation
of a new ID fan motor and Variable Speed Drive ("VSD") to improve operational
efficiency and reliability. Kiln 1 was successfully re-fired in early August,
achieving full operational temperature as planned, and has since stabilised at
approximately 45-50tpd of kiln material produced.

 

Work on Kiln 2 refurbishment is underway with final equipment being shipped
from India and hot commissioning on track over the coming months. Building on
the operational experience from Kiln 1, enhancements are being implemented
in Kiln 2, which, once proven, will be rolled out across the remaining
kilns, including Kiln 1, ensuring smoother ramp-ups and improved performance
for all.

 

Alongside operational progress, Limeco's commercial pipeline continues to
strengthen. Buying interest is strong, with demand sufficient to support the
additional kilns coming online, and importantly, Limeco now has buyers across
all product categories. This was highlighted by a recent sale to a trader for
both higher and lower-grade quicklime marking the launch of a new revenue
stream from material previously considered unsaleable. To accelerate growth,
Limeco has appointed an in-house salesperson with extensive quicklime
experience in Zambia, while further product lines for both local and regional
markets are under evaluation.

 

Feedstock for Kiln 1 has been drawn from a stockpile exceeding
150,000 tonnes. Looking ahead and having secured a Mining Licence for its
Tier 1 limestone deposit, Limeco plans to commence mining during Q4 2026,
once the existing stockpile that is currently being drawn from is close to
depletion. The Mining Licence is valid for an initial 10-year term with
renewal provisions and encompasses the entire area containing Limeco's
JORC-compliant Mineral Resource Estimate of 145.2 Mt at 95.7% CaCO₃
(Earthlab, November 2024, see RNS dated 27 November 2024). The resource
comprises 11.8Mt Measured, 55.4Mt Indicated, and 78.0Mt Inferred, providing
sufficient reserves to support over 50 years of quicklime production.

 

*** ENDS ***

 

For further information visit www.fireringplc.com or contact:

 

 Firering Strategic Minerals                          E: info@firering-holdings.com

 Yuval Cohen
 SPARK Advisory Partners Limited (Nominated Adviser)  T: +44 20 3368 3550

 Neil Baldwin / James Keeshan
 Shard Capital Partners LLP (Joint Broker)            T: +44 20 7186 9950

 Damon Heath / Erik Woolgar
 St Brides Partners Limited (Financial PR)            E: firering@stbridespartners.co.uk

 Isabel de Salis / Susie Geliher / Seb Weller

 

Notes

Firering Strategic Minerals plc (AIM: FRG) 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%. Targeting daily
output of 600-800 tonnes, Limeco is positioned to supply copper producers
operating within the Central African Copperbelt and other regional industries
that currently rely on imported quicklime from South Africa. Additionally,
Firering is progressing the Atex Lithium-Tantalum Project in northern Côte
d'Ivoire, a highly prospective asset with significant lithium and
tantalum-niobium potential, supporting the global shift to clean energy
technologies

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