RHA Update - XRT installation Complete

RNS Number : 8032Z

Premier African Minerals Limited

17 March 2017

 

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

For immediate release

17 March 2017

Premier African Minerals Limited

                                                  ("Premier" or the "Company")

RHA Update

XRT installation Complete

Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, is pleased to announce that the installation of the X-Ray Transmission (XRT) is complete and the optimisation and integration of the sorter into the crushing circuits has now commenced.    

George Roach, Chairman and CEO commented: "I am pleased to report that the installation of the XRT sorter which is an important part of the upgrades and improvements to the plant is now complete. Initial running of the sorter in situ has confirmed the identification and recovery of wolframite contained in ore and over the next period we will optimise the mineralisation identification criteria with the intention of increasing sorter recovery from the 82% we originally anticipated. We remain on track to produce Wolframite this quarter.

''Apart from the upgrades to the plant, we have restarted open pit mining and started building a stockpile of run of mine ore from the open pit and underground operations."  

Enquiries

Fuad Sillem	Premier African Minerals Limited	Tel: [phone]
Michael Cornish / Roland Cornish	Beaumont Cornish Limited (Nominated Adviser)	Tel: [phone]
Jerry Keen/Edward Mansfield	Shore Capital Stockbrokers Limited	Tel: [phone]
Jon Belliss	Beaufort Securities Limited	Tel: [phone]
Charles Goodwin/ Harriet Jackson	Yellow Jersey PR Limited	Tel: [phone]

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

 

END

 

 

MSCMMGMFGNLGNZM