adminEARTHWORKS at multicommodity natural resource group Premier African Minerals’ flagship RHA tungsten project in Zimbabwe are progressing ahead of schedule, and are 21 percent complete compared with planned completion of eight percent. The company said in an update yesterday that the open pit mining pad had been completed and that first civil works had started.
Premier added that the fabrication of the process plant was on schedule for transport from Johannesburg in May, while infrastructure development, including power and water supply and reticulation was underway, with all trenching for water supply lines completed.
“Construction remains on time and on budget. It’s most pleasing being able to report that the first bench of the open pit is being cut and stripping has commenced. We look forward to updating shareholders in due course,” CEO George Roach said in a statement yesterday.
Premier African Minerals Limited (AIM:PREM) is a multi-commodity exploration and development company focused in Southern and Western Africa with near term Tungsten production at its flagship RHA project in Zimbabwe.
The company has a diverse portfolio of projects, which includes tungsten, rare earth elements, gold, lithium and tantalum in Zimbabwe and Togo, encompassing brownfield projects with near-term production potential to grass-roots exploration.
The company also holds two million shares in Circum Minerals Limited (“Circum”), the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset.
At present those shares are valued at $2.5 million based on the latest price at which Circum has accepted subscription. – Miningweekly.
Online Reporter
Londile Moyo