LONDON (ShareCast) - Premier African Minerals reported progress with a tungsten project in Zimbabwe, driving its shares higher.




Premier said it had achieved positive test results from the RHA scheme, which it said represented "a significant milestone" in the project's development.

Chief executive George Roach said the group was now moving forward with off-take and marketing agreements.

"Premier will now update the economic model contained in our conceptual mining study released in September 2013 based on these results and our enhanced resource announced in May 2014," he said.

Shares in Premier rose 0.2p or 15.4% to 1.5p at 13:23 in London.

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