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Premier African Minerals ( (GB:PREM) ) has shared an announcement.
Premier African Minerals has confirmed that the new 15–20 tonne-per-hour spodumene flotation plant for its Zulu Lithium and Tantalum Project in Zimbabwe is scheduled to arrive on site around 3 March 2026, with foundation work complete and an installation engineer from Xinhai Technology Processing already en route. The company aims to commission and optimise the new flotation circuit in the second quarter of 2026, replacing the previous circuit while retaining the rest of the processing plant and sourcing ancillary materials such as walkways and electrical cabling during assembly.
In parallel, Premier is engaging with Zimbabwe’s Ministry of Mines and Mining Development following the sudden suspension of lithium concentrate and raw mineral exports, and it has reiterated its alignment with the country’s beneficiation and value-add policies. Having already presented a long-term in-country processing and optimisation roadmap for Zulu, the board does not currently expect the export suspension, which it understands is targeted at specific issues, to disrupt the project’s future commercial production strategy but will update stakeholders as regulatory clarity improves.
The most recent analyst rating on (GB:PREM) stock is a Sell with a £0.03 price target. To see the full list of analyst forecasts on Premier African Minerals stock, see the GB:PREM Stock Forecast page.
Spark’s Take on GB:PREM Stock
According to Spark, TipRanks’ AI Analyst, GB:PREM is a Neutral.
The score is held down primarily by weak financial performance (persistent losses, negative gross profit, and continued cash burn) and a bearish technical setup (price below major moving averages with negative MACD). Valuation is also constrained by a negative P/E and no dividend yield data, offering limited support.
To see Spark’s full report on GB:PREM stock, click here.
More about Premier African Minerals
Premier African Minerals is a multi-commodity mining and natural resource development company focused on Southern Africa, with key projects including the RHA Tungsten and Zulu Lithium operations in Zimbabwe. Its portfolio spans tungsten, rare earth elements, lithium and tantalum, ranging from brownfield assets nearing production to early-stage exploration projects.
Average Trading Volume: 206,866,493
Technical Sentiment Signal: Sell
Current Market Cap: £2.71M
For an in-depth examination of PREM stock, go to TipRanks’ Overview page.