22nd Feb 2016 14:29
LONDON (Alliance News) - Premier African Minerals Ltd on Monday said the plant at the RHA Tungsten Project in Zimbabwe has commenced processing underground ore.
Premier African Minerals has a 49% interest in the project.
"Whilst additional fixes are still expected to the plant, the processing of higher grade ore is the first step towards our target of achieving profitable operations in the spring of 2016. I look forward to providing a further update in due course as ore processing continues," Chairman and Chief Executive George Roach said in a statement.
Shares in Premier African Minerals were trading up 30% at 0.815 pence on Monday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Premier African Minerals