5th May 2015 08:03
LONDON (Alliance News) - Premier African Minerals Ltd on Tuesday said the process plant for the RHA Tungsten project in Zimbabwe has now been completed and is ready for shipment.
The company also said the necessary conditions for the release of the second tranche of funds from its deal with Darwin Strategic Ltd have been satisfied, meaning the company has received GBP750,000 under the deal.
"We have achieved another milestone today with completion of the process plant and commencement of packing in preparation for the shipment of the plant to site for assembly and commissioning. At this time, we remain on target for first production in June 2015," said George Roach, the chief executive of Premier African.
Shares in the company were up 4.1% to 1.899 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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