Last checked at 17 Mar 2017 10:21
Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining
For immediate release
17 March 2017
Premier African Minerals Limited
("Premier" or the "Company")
RHA Update
XRT installation Complete
Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, is pleased to announce that the installation of the X-Ray Transmission (XRT) is complete and the optimisation and integration of the sorter into the crushing circuits has now commenced.
George Roach, Chairman and CEO commented: "I am pleased to report that the installation of the XRT sorter which is an important part of the upgrades and improvements to the plant is now complete. Initial running of the sorter in situ has confirmed the identification and recovery of wolframite contained in ore and over the next period we will optimise the mineralisation identification criteria with the intention of increasing sorter recovery from the 82% we originally anticipated. We remain on track to produce Wolframite this quarter.
''Apart from the upgrades to the plant, we have restarted open pit mining and started building a stockpile of run of mine ore from the open pit and underground operations."
Enquiries
Fuad Sillem | Premier African Minerals Limited | Tel: +44 (0)7734 922074 |
Michael Cornish / Roland Cornish | Beaumont Cornish Limited (Nominated Adviser) | Tel: +44 (0) 207 628 3396 |
Jerry Keen/Edward Mansfield | Shore Capital Stockbrokers Limited | Tel: +44 (0) 207 408 4090 |
Jon Belliss | Beaufort Securities Limited | Tel: +44 (0) 20 7382 8300 |
Charles Goodwin/ Harriet Jackson | Yellow Jersey PR Limited | Tel: +44 (0) 7747 788221 |
Notes to Editor:
Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused in Southern and Western Africa with production started at its flagship RHA project in Zimbabwe.
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, gold, lithium and tantalum in Zimbabwe and Benin, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company recently acquired a 52% controlling stake in Mozambique-based TCT Industrias Florestais Limitada, which owns a substantial limestone deposit and forestry business located on rail in the Sofala Province of Mozambique. In addition, The Company holds 2 million shares in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset. At present those shares are valued at US$4 million based on the latest price at which Circum has accepted subscriptions. Premier also has a 4.5% interest in Casa Mining Limited, a privately-owned exploration company that has a 71.25% interest in the 1.2 million ounce inferred resource Akyanga gold deposit in the DRC.
ENDS