Premier African Min - RHA Update
For immediate release
The Board of
Premier previously reported on the potential reprocessing of tailings on
Further supporting the proposed reprocessing of tailings is the fact that historic tailings are already mined and milled such that the tailings may be fed directly to the gravity recovery sections of the plant, with the added benefits of only needing to run a portion of the plant and reaping the benefits of much lower overall operating costs, better plant availability, reduced maintenance and lower manpower requirements.
Based on the above, I believe that it is completely logical that RHA should now look to consider the reprocessing of the tailings dumps as soon as possible.
Further updates will follow in due course."
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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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: £13.44 m
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