viewPremier African Minerals Ltd

Premier African Minerals looking at other options for RHA

The company said it had received a direct approach from a potential alternative buyer of wolframite

Money from NIEFF has yet to come through

Premier African Minerals PLC (LON:PREM) has started talks with other parties about the development of the RHA tungsten mine.

The junior has agreed to a direct approach from a potential alternative buyer of wolframite, while two Development Finance Institutions are to conduct due diligence.

WATCH: Premier African CEO would be disappointed if RHA not producing this year

Zimbabwe indigenisation authority NIEFF had promised US$6mln to help get RHA up and running again.

This money has yet to come through, though Premier is stil confident it will meet its obligation.

Premier is also waiting to hear on its  Exclusive Prospecting Order application for areas surrounding its Zulu lithium progress, where it believes the additional acreage will help with funding for a Definitive Feasibility Study.

Quick facts: Premier African Minerals Ltd

Price: 0.0771 GBX

Market: AIM
Market Cap: £9.2 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Premier African Minerals Ltd named herein, including the promotion by the Company of Premier African Minerals Ltd in any Content on the Site,...



Premier African's George Roach hopeful of news soon on Zulu exploration approval

Premier African Minerals Ltd's (LON:PREM) George Roach speaks to Proactive London's Andrew Scott soon after announcing they've upped their stake in the owner of the Otjozondu manganese mining project in Namibia to 12%. Roach also updates on efforts to begin reprocessing historic tailings at...

on 12/2/20

2 min read