logo-loader
viewPremier African Minerals Ltd

Premier African's oversubscribed placing 'a reflection of the quality of Zulu'

George Roach, chief executive of Premier African Minerals Limited (LON:PREM), tells Proactive's Andrew Scott the value attributed to their Zulu lithium project in Zimbabwe was higher than expected in a scoping study.

Consultant Bara worked on two options at Zulu: just to produce a concentrate; or for Premier to build its own lithium production plant.

Bara estimated a value of US$127mln for a 15-year open cast operation mining a concentrate of spodumene and petalite, the source ores for lithium.

A funding to raise working capital to pay for the scoping study and further exploration was heavily oversubscribed, with Premier pulling in £1mln at 0.4p compared to an original target of £500,000

Quick facts: Premier African Minerals Ltd

Price: 0.135 GBX

AIM:PREM
Market: AIM
Market Cap: £14.86 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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

George Roach, Premier African Minerals PLC’s (LON:PREM) chief executive remain confident that the US$6mln earmarked by the Zimbabwe government to re-start the RHA tungsten mine will be forthcoming. Once the money comes through he is confident RHA can be back in operation within 100...

on 7/6/19

RNS

Holding(s) in Company

1 week, 5 days ago

Second Price Monitoring Extn

1 week, 5 days ago

Price Monitoring Extension

1 week, 5 days ago

Holding(s) in Company

3 weeks, 5 days ago

Zulu Update

on 2/10/19

2 min read