Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Premier African soars as processing gets underway at RHA

Premier African aims to be profitable by the spring
Premier African soars as processing gets underway at RHA
Financier Darwin also converted seven loan notes with a value of £175,000 into equity.

Premier African Minerals (LON:PREM) has started to process underground ore at its RHA tungsten mine in Zimbabwe.

 George Roach, chairman and chief executive, said: "I am happy to report that our plant at RHA is now back in operation and processing ore from underground operations.

“Whilst additional fixes are still expected to the plant, the processing of higher grade ore is the first step towards our target of achieving profitable operations in the spring of 2016.”

Separately, financier Darwin converted seven loan notes with a value of £175,000 into equity.

Shares rose 20% to 0.751p.

PhilW.jpg
Why Invest In Premier African Minerals Ltd? Read More Here

Register here to be notified of future PREM Company articles
View full PREM profile

Premier African Minerals Ltd Timeline

Related Articles

Pictured is the Manica mine in Mozambique - today's news concerned a resource upgrade from there...
May 11 2016
The new estimate saw the total resource at Manica raised by 36% to 1.257mln ounces compared to a previous estimate
mining_generic.png
July 24 2015
Chairman Brian Stockbridge of NQ Minerals is upbeat about the quality of the Australia- focused group's assets...
Premier African Minerals Ltd eyes profitability at RHA
May 06 2016
Premier African Minerals Ltd revealed it was on the brink of profitable underground operations...

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.