(Alliance News) - Shares in Premier African Minerals Ltd surged on Wednesday after the company said it was positive about its chances of obtaining an exclusive prospecting order at its Zulu lithium and tantalum project in Zimbabwe.
The stock was trading 41% higher at 0.044 pence each in London on Wednesday afternoon.
Premier African said it was "encouraged" after Interim Chair George Roach met with the Zimbabwean Mining Affairs Board on Tuesday.
Being granted the order would allow the company to extend its tenements at the project.
Premier African added that it would update the market when it receives written communication about the states of the application.
By Eric Cunha; ericcunha@alliancenews.com
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Premier African Minerals (PREM)