Premier African Minerals Ltd (PREM)

Sector:

Mining

Index:

FTSE AIM All-Share

0.19p
   
  • Change Today:
      0.003p
  • 52 Week High: 1.00
  • 52 Week Low: 0.16
  • Currency: UK Pounds
  • Shares Issued: 27,817m
  • Volume: 118,173,178
  • Market Cap: £51.46m

Premier African Minerals begins diamond drilling at RHA

By Josh White

Date: Friday 31 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Premier African Minerals has begun the diamond drilling programme at the open pit of the RHA Tungsten Mine, it announced on Friday.
The AIM-traded company planned to drill a series of 15 inclined 50m-deep holes to determine the depth at which the ore body was sufficiently consolidated to allow resumption of open pit mining.

It said this stage of the drill programme was expected to be completed by the end of September, with noteworthy results to be published as they became available.

"Simultaneous with this, the open pit is now being remapped using UV lighting," the Premier African board said in its statement.

"Near surface, wolframite is often coated by a thin layer of scheelite, another major tungsten ore mineral with a distinctive blue-white fluorescence.

"In the open pit, wolframite may be difficult to identify, however this scheelite surface is easily visible and is expected to greatly assist in tracking mineralised zones."

The firm said existing data, open pit mining over the past two years, previous drilling, surface mapping and the new drill programme when combined would collectively lead to a definitive understanding of the mineralisation in the pit, and would guide the future of the open pit.

"The company expects to release details of potential reprocessing of historic tailings in support of the reopening of underground operations.

"Contact with the Government of Zimbabwe remains open and we expect that following the inauguration of the president, final hurdles on the equity restructure at RHA will conclude."

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PREM Market Data

Currency UK Pounds
Share Price 0.19p
Change Today 0.003p
% Change 1.65 %
52 Week High 1.00
52 Week Low 0.16
Volume 118,173,178
Shares Issued 27,817m
Market Cap £51.46m

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
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth Not Available

PREM Dividends

No dividends found

Trades for 16-Apr-2024

Time Volume / Share Price
12:09 5,002,692 @ 0.18p
11:58 100,000 @ 0.19p
11:58 100,000 @ 0.19p
11:51 24,604 @ 0.19p
11:45 3,454 @ 0.19p

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