RNS21 Jan 2020 07:11
The Board of Premier African Minerals Limited ("Premier" or the "Company") Limited ("Premier" or the "Company") is pleased to announce the commissioning of Grid Electrical power to RHA Tungsten (RHA). Premier holds a 49% interest in RHA and is the operator.
George Roach, CEO, commented that, "We are reassured by the continued commitment of National Indigenisation and Economic Empowerment Fund to meeting the financial commitment to the funding of RHA. As of now, adequate power is available from the national grid to consider the resumption of plant operations at the end of January 2020 to reprocess historic tailings.
Premier previously reported on the potential reprocessing of tailings on 29 June 2016. The test work conducted at that time remains valid and the availability of electrical power has substantially reduced the cost associated with operating the plant. Similarly, and by arrangement with MN Holding Limited ("MNH") in which Premier has recently acquired a shareholding, the capital plant needed to feed the tailings at RHA is now expected to be potentially available to RHA at net operating cost only.
Further supporting the proposed reprocessing of tailings is the fact that historic tailings are already mined and milled such that the tailings may be fed directly to the gravity recovery sections of the plant, with the added benefits of only needing to run a portion of the plant and reaping the benefits of much lower overall operating costs, better plant availability, reduced maintenance and lower manpower requirements.
Based on the above, I believe that it is completely logical that RHA should now look to consider the reprocessing of the tailings dumps as soon as possible.
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