Premier African Minerals Ltd (PREM)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.19p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.00
  • 52 Week Low: 0.16
  • Currency: UK Pounds
  • Shares Issued: 29,617m
  • Volume: 48,345,128
  • Market Cap: £56.27m

Premier African Minerals confirms restart at RHA Tungsten

By Josh White

Date: Monday 18 Jul 2016

LONDON (ShareCast) - (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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PREM Market Data

Currency UK Pounds
Share Price 0.19p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.00
52 Week Low 0.16
Volume 48,345,128
Shares Issued 29,617m
Market Cap £56.27m

PREM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
83.46% below the sector average83.46% below the sector average83.46% below the sector average83.46% below the sector average83.46% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average
Income Not Available
Growth Not Available

PREM Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:07 66 @ 0.20p
16:01 5,128 @ 0.20p
15:58 268,240 @ 0.19p
15:55 536,480 @ 0.19p
15:48 49,964 @ 0.20p

Top of Page