23rd Mar 2015 12:27
LONDON (Alliance News) - Premier African Minerals Ltd on Monday said the construction work on the RHA Tungsten Project in Zimbabwe is on schedule.
The company said plant fabrication is on schedule to be shipped from Johannesburg in South Africa in May, with the earthworks programme currently ahead of schedule.
It added all major orders for supply and reticulation of services have been placed.
"Credit to our team and our contractors that at this time we remain on track for an on-time and on-budget completion and first production in early June 2015. What's critical is finalisation of the final tranche of finance and I am hopeful that we will be able to update our shareholders on progress shortly," said George Roach, Chief Executive of Premier African.
Premier African shares were up 15% to 1.38 pence Monday afternoon, amongst the best performers in the AIM All-Share index.
By Sam Unsted; [email protected]; @SamUAtAlliance
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