Firering Strategic Minerals plc announced the successful commissioning of the crushing system to produce aggregates and the finalisation of the design work for the modification and commissioning of the lime kilns at the Zambian Lime plant owned by Limeco Resources Limited ("Limeco"). Firering has an option to acquire up to 28.33% of Limeco, which is expected to be profitable and delivering cashflow within 12-24 months. Successful commissioning of the crushing system: Two-stage crushing circuit with an installed primary throughput of 500tph of limestone.

Crushing system adapted to produce aggregate to enhance cashflow during kiln renovations. Ramping up of aggregate production during the coming months with first aggregate sales expected shortly. Estimated stockpile of over 250,000 tonnes waste rock available for initial production of aggregate.

Aggregates are mainly used in the construction industry to support foundations, provide drainage and to produce concrete and asphalt. Final design work to upgrade all eight kilns has been completed: Firering's technical team is assisting the local technical team with upgrade design. Commissioning of the 8 kilns expected to commence gradually with the first two kilns expected to be commissioned during Fourth Quarter 2023.

Estimated limestone stockpile of over 150,000 tonnes available for initial production of quicklime while reopening the existing limestone quarry with an estimated in-situ resource of 73.7Mt @ 95.3% CaCO3. Discussions for quicklime offtake by major copper producers are advancing. The non-JORC compliant resource is based on all available drilling data as at August 2017.

The Mineral Resources estimates are at this stage reported as an in situ Mineral Resources estimate only, as further work is required in order to be able to report the Mineral Resources estimates in accordance with the guiding principles and minimum standards set out in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code) and the Company's internal estimates, which are also not JORC compliant, are still subject to verification, validation, and external review; accordingly, such numbers are provided for guidance only. There can be no guarantee the final JORC-compliant resource estimate will reconcile with these early-stage calculations. The Company intends to commission a JORC compliant report when operations have been fully commissioned.