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(Sharecast News) - Premier African Minerals announced a further placing to raise £0.61m before expenses on Friday, for the ongoing Zulu lithium and tantalum project's pilot plant optimisation.
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Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Announces further placing of 65.9 million shares at 0.925 pence each to raise GBP610,000. Chief Executive Officer George Roach has subscribed for 11.9 million shares at the placing price for GBP110,000 in total. Premier African will apply for shares' admission to trading on AIM, expected to take place on or around Thursday next week. Update follows company's original announcement on Monday of placing to raise GBP1.8 million before expenses at 0.925p per share. Premier African says proceeds will fund pilot plant optimisation for its ongoing Zulu lithium and tantalum project in Zimbabwe. Company also reported on Monday that the plant was producing concentrate from both the spodumene and mica flotation circuits. Placing was made via CMC Markets PLC which Premier African today has appointed as joint broker.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read morePremier African Minerals Ltd - Africa-focused minerals and metals project developer - Says Zulu lithium and tantalum project asset optimisation work continues in Zimbabwe, alongside open pit mining operations. Says the plant has demonstrated its ability to float mica/lepidolite rich concentrates and spodumene. Says it finds less weathered ore than anticipated, although ore body in line with internal geological mining model. Says ore body adds confidence to future operating guidance. Says cashflow is constrained at Zulu, although this is expected to be short term. Says it will implement applicable financing measures to deal with this in the lead up to first revenues from sale of concentrates in the coming weeks.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more(Alliance News) - Premier African Minerals Ltd on Monday bemoaned production delays at its Zulu lithium and tantalum project in Zimbabwe.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read morePremier African Minerals Ltd - Africa-focused minerals and metals project developer - Posts assay results from Zulu Lithium & Tantalum Project in Zimbabwe. Finds up to 2.33% lithium oxide and 186 parts per million of tantalum pentoxide. Further, reports up to 2875 parts per million of rubidium, British Virgin Islands-registered firm says.
Read morePremier African Minerals Ltd - Africa-focused minerals and metals project developer - Notes continued adequate quality of assays from ongoing work at Zulu lithium & tantalum project in Zimbabwe.
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