Premier African Minerals Limited XRT installation at RHA Tungsten Mine (9595X)
February 27 2017 - 9:17AM
UK Regulatory
TIDMPREM
RNS Number : 9595X
Premier African Minerals Limited
27 February 2017
Premier African Minerals Limited / Ticker: PREM / Index: AIM /
Sector: Mining
For immediate release
27 February 2017
Premier African Minerals Limited
("Premier" or the "Company")
XRT installation at RHA Tungsten Mine
Premier African Minerals Limited, the AIM-traded,
multi-commodity resource and development Company focused on
Southern and Western Africa, announces that the X-Ray Transmission
(XRT) has arrived on site at RHA and is currently being assembled
and integrated.
George Roach, Chairman and CEO commented: "The XRT sorter is an
important part of the upgrades and improvements made to the plant
and I am pleased to say that the installation is progressing well
and that we are on track for first production this quarter.
"In parallel to the plant upgrades, we have built up a
significant stockpile of run of mine ore and are continuing to make
excellent progress with the underground mine development as well as
getting ready for the restart of the open pit mining operations
early next month."
Enquiries
Premier African Minerals Tel: +44 (0)7734
Fuad Sillem Limited 922074
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Michael Cornish Beaumont Cornish Tel: +44 (0) 207
/ Roland Cornish Limited 628 3396
(Nominated Adviser)
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Jerry Keen/Edward Shore Capital Stockbrokers Tel: +44 (0) 207
Mansfield Limited 408 4090
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Beaufort Securities Tel: +44 (0) 20
Jon Belliss Limited 7382 8300
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Charles Goodwin/ Yellow Jersey PR Tel: +44 (0) 7747
Harriet Jackson Limited 788221
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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
This information is provided by RNS
The company news service from the London Stock Exchange
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February 27, 2017 09:17 ET (14:17 GMT)