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A glance at some of the headlines on the Proactive newswire today
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LON:PREM
Premier African Minerals Ltd is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe. The company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration.
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A glance at some of the headlines on the Proactive newswire today
The firm said this supported its planned production levels of up to 10,000 metric ton units of tungsten per month.
"Back in January nobody wanted to know anything about resources, let alone gold, and we saw an opportunity..."
The Zimbabwe based tungsten project is advancing with the appointment of a mining contractor.
Also in the news, Hurricane Energy has started drilling on its latest well in the North Sea, while Premier African hits ‘significant’ lithium grades in Zimbabwe
Some of the main news-driven share price changes at 3.30pm.
'Zulu is potentially amongst the best hard rock lithium exploration projects at this time'
The limestone deposit is next to a railway linking Tete to Beira
Last week Ortac bought a further 124,722 shares in Casa Mining
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A look at some significant news from the junior mining sector
The tantalum grades are even more significant when compared to Pilbara Minerals' bellwether Pilgangoora Lithium-Tantalum deposit in Australia
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
Premier African, trading at less than 0.04p a share, has a stake in potash project developer Circum that is worth roughly 1.82p a share, Shore Capital calculates.
As reported on Tuesday, Premier paid, via a share placing, US$250,000 for a 4.5% interest in CASA, valuing the latter at US$5.57mln.