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Premier African Minerals ( (GB:PREM) ) has shared an announcement.
Premier African Minerals has confirmed that a new 15–20 tonnes per hour spodumene flotation plant for its Zulu Lithium and Tantalum Project in Zimbabwe is due to arrive on site around 3 March 2026, with specialist engineers already mobilised and commissioning targeted for the second quarter of 2026. The upgraded circuit, which will replace the previous flotation unit and is supported by additional infrastructure purchases, is intended to enhance processing efficiency and underpin Zulu’s transition to sustained commercial production.
The company also addressed Zimbabwe’s newly announced suspension of lithium concentrate and raw mineral exports, stating it remains in active dialogue with the Ministry of Mines and Mining Development and aligned with the country’s beneficiation and value-add policy. 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 believes is aimed at specific issues, to derail Zulu’s future production strategy, though it will update stakeholders as regulatory details are clarified.
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 assets including the RHA Tungsten and Zulu Lithium and Tantalum projects in Zimbabwe. Its portfolio spans tungsten, rare earth elements, lithium and tantalum, ranging from brownfield operations with near-term production potential to early-stage exploration assets.
Average Trading Volume: 206,866,493
Technical Sentiment Signal: Sell
Current Market Cap: £2.71M
For detailed information about PREM stock, go to TipRanks’ Stock Analysis page.