8th Jul 2015 07:22
LONDON (Alliance News) - Premier African Minerals Ltd shares were trading higher on Wednesday morning after the company said the initial fines concentrate grades from the RHA Tungsten mine in Zimbabwe exceeded expectations.
Premier African, which is the operator of RHA and holds a 49% interest in the project, said it expects the first commercial shipments from the site to start this months, with mine plant upgrades expected to increase throughput from the mine.
"Despite the challenges of the fast track approach taken with RHA, I am pleased to report that initial fines concentrates from our plant are running as high as 70% and that first shipments are now expected from 17 July 2015," said Chief Executive George Roach.
Premier African shares were up 9.6% to 2.5766 pence on the news, on of the best performers in the AIM All-Share in early trade.
By Sam Unsted; [email protected]; @SamUAtAlliance
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