Premier African Minerals Ltd (PREM)

Sector:

Mining

Index:

FTSE AIM All-Share

0.032p
   
  • Change Today:
      0.001p
  • 52 Week High: 0.49
  • 52 Week Low: 0.031
  • Currency: UK Pounds
  • Shares Issued: 34,282m
  • Volume: 607,630,762
  • Market Cap: £10.80m
  • Beta: 0.06

Premier African Minerals announces new Zulu resource estimate

By Josh White

Date: Friday 09 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Premier African Minerals announced an update to its Zulu lithium and tantalum project on Friday, with the release of a new SAMREC-compliant mineral resource estimate, replacing the previous estimate issued in June 2017.
The AIM-traded firm said the new MRE was focussed on areas within the Zulu tenements expected to be mined and processed through the current plant, excluding the broader EPO area.

It estimated that the lithium oxide contained in spodumene amounts to 107,366 tonnes, with a direct conversion of the lithium oxide to spodumene concentrate 6 (SC6) totalling 1,789,433 tonnes.

Additionally, the MRE identified the presence of 1,045,908 kilograms of tantalum pentoxide within the ore body.

"This MRE supports the development of the Zulu mine on an expedited basis," said chief executive officer George Roach.

"It underlines our confidence in the medium and long-term future of this mine and further supports our view that Zulu has the stand-alone potential to develop a lithium sulphate plant.

"Work continues in the greater EPO area, and we have now identified areas of future potential mineralisation and secured those areas in the longer term under new mineral claims."

At 1055 GMT, shares in Premier African Minerals were down 9.72% at 0.33p.

Reporting by Josh White for Sharecast.com.

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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 0.032p
Change Today 0.001p
% Change 1.61 %
52 Week High 0.49
52 Week Low 0.031
Volume 607,630,762
Shares Issued 34,282m
Market Cap £10.80m
Beta 0.06

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
30.71% above the sector average30.71% above the sector average30.71% above the sector average30.71% above the sector average30.71% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
95.59% below the sector average95.59% below the sector average95.59% below the sector average95.59% below the sector average95.59% below the sector average
Income Not Available
Growth Not Available

PREM Dividends

No dividends found

Trades for 07-Oct-2024

Time Volume / Share Price
16:27 900,000 @ 0.033p
16:17 2,660,550 @ 0.033p
16:17 15,290 @ 0.033p
16:16 10,000,000 @ 0.032p
16:06 1,529,051 @ 0.033p

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