Premier African Min - Corporate Update
For immediate release
The Board of
I have now completed two site visits with the management of MNH and the complete route to locate the equipment and the route to
At the same time, a 5-ton bulk sample of underground ore is now cleared for shipment to undergo detailed test work leading up to the optimisation of the process long budgeted for. During this test work, we will look also to optimise the concentrates now able to be produced both to improve the concentrate grade as to understand whether or not any other mineral is profitably recoverable. Other minerals specifically include copper that is coexistent with gold traces."
Key terms of the Corporation Agreement
The Corporation Agreement will initially provide Premier with the following plant and equipment for use at RHA:
1) Two cubic meter Wheel loader;
2) 20-ton Dump Truck;
3) Tractor/water bowser for dust suppression with alternate blade for road work; and
4) 1 x 4-wheel drive Tractor-Loader-Backhoe.
This Agreement will commence from today and will continue until terminated by either party by giving four months written notice of termination. MNH will supply its Services on the basis that the total cost to Premier will be the sum of all reasonable net disbursements incurred by the Provider in provision of the Services. Payment for the Services will initially be made against receipt of proceeds from the sale of Wolframite concentrate at RHA.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged the release of this announcement on behalf of the Company was
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Tel: +44 (0)7734 922074
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Notes to Editors:
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in
Forward Looking Statements:
Certain statements in this announcement are, or may be deemed to be forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reﬂect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.
This information is provided by RNS, the news service of the
Quick facts: Premier African Minerals Ltd
Market Cap: £7.43 m
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