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Share Price Information for Premier African Minerals (PREM)

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Share Price: 0.118
Bid: 0.117
Ask: 0.119
Change: 0.0031 (2.71%)
Spread: 0.002 (1.709%)
Open: 0.115
High: 0.121
Low: 0.1176
Prev. Close: 0.1145
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Premier African Minerals confirms restart at RHA Tungsten

Mon, 18th Jul 2016 16:25

(ShareCast News) - Multi-commodity mining and natural resource development company Premier African Minerals announced on Monday that plant upgrades are now installed and operational at the RHA Tungsten Project, of which Premier is the operator and holds 49%.The AIM-traded firm said the screens, plant modifications and electrical reticulation works have been finished and the plant is undergoing a phased commissioning and optimisation process to achieve the anticipated recoveries and operational throughput.Wolframite concentrate from ore in the underground mine has been produced, and the throughput of the plant will be steadily increased to the plant's design capacity of 16 tonnes per hour."I am pleased to report the installation of these much anticipated modifications at RHA and the commencement of the recommissioning and optimisation process," said Premier African Minerals CEO George Roach."I will keep the market informed of progress and look forward to being in a position to deal with financial forecasts in the near future."At the same time, I am equally pleased to report that XRT test-work recently conducted on bulk sample material from RHA was re-run at the express direction of the equipment provider to confirm the excellent results previously achieved, and the equipment provider now confirms that the sort achieved a near 100% recovery," Roach explained.He said Premier is reassessing the pit capacity to meet the minimum tonnage XRT sorting will require, and expects to be in a position to progress that in early August."I would like to thank our shareholders for their continued support during this transitional period for the company," Roach added.
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IN BRIEF: Premier African says production to begin next month at Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says new ball mill that has been custom built for its Zulu lithium and tantalum project in Zimbabwe is expected to depart from South Africa in the last week of January. The ball mill is the last major item to be placed for a restart of production that is still anticipated for late February, Premier African says. By February, the company says "additional hydrosizer, mill discharge screen, and associated tanks, sumps and pumps" will have been installed.

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9 Jan 2024 11:47

IN BRIEF: Premier African to start Zulu production in February

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says drill assay results at Zulu lithium and tantalum project in Zimbabwe show consistent spodumene concentrate grades as low as 4%. Results also show lithium oxide grades of 1.00% and 0.95%. Chief Executive Officer George Roach says: "Those surface trench and drill hole results, originating from the Southeast pegmatite, represent very good potential for this pegmatite that is adjacent but discrete from the main mining and pit developments underway at present." Adds it is on track to target revenue generating production by late February.

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3 Nov 2023 15:44

Premier African Minerals shares drop on Zulu plant deadline

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21 Sep 2023 17:00

IN BRIEF: Premier African Minerals confirms completion of mill

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Confirms completion of installation of RHA Ball mill at its Zulu lithium & tantalum project in Zimbabwe. The commissioning phase is expected to start from Thursday with first material anticipated to be fed through the mill on Monday. Chief Executive Officer George Roach says the mill "is expected to support planned production of up to 1,000 tons per month of spodumene from November 2023 at Zulu."

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11 Sep 2023 11:49

IN BRIEF: Premier African Minerals gets Chinese approval for fundraise

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Confirms it has received Chinese regulatory approval for its subscription of shares by its largest shareholder Canmax Technologies Co Ltd, from which it raised GBP5 million at an issue price of 0.35 pence per share as additional funding for the ongoing Zulu lithium and tantalum project optimisation in Zimbabwe.

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30 Aug 2023 12:48

IN BRIEF: Premier African Minerals bags GBP5 million for Zulu project

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Announces a conditional subscription of shares by Canmax Technologies Co Ltd to raise GBP5 million, before expenses, for the ongoing pilot optimisation at the Zulu Lithium & Tantalum project in Zimbabwe. The subscription funds remaining expected operational expenditure and any shortfall in remedial expenses.

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25 Aug 2023 11:37

Premier African Minerals issues fundraise for Zulu project, Zimbabwe

(Alliance News) - Premier African Minerals Ltd on Friday announced a new share placing to raise funds for its Zulu lithium and tantalum project in Zimbabwe.

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25 Aug 2023 11:01

Premier African raising £4m as it advances Zulu project

(Sharecast News) - Premier African Minerals announced a decision to raise £4m before expenses on Friday, to help with the ongoing development of Zulu.

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23 Aug 2023 10:00

IN BRIEF: Premier African announces spodumene recovery at Zulu plant

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Notes 81% recovery of spodumene in the Zulu lithium and tantalum project. Says flotation test work has been carried out by the Centurion, South Africa-based Geolabs Global Pty Ltd. Adds installation of RHA Mill at Zulu is underway, with completion and commissioning expected within the next month. Says new target levels should be attainable by November.

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