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Premier African Minerals ( (GB:PREM) ) has provided an update.
Premier African Minerals Limited announced an update on the Zulu Lithium plant audit, revealing interim findings that support the decision to proceed with acquiring and commissioning a new flotation cell plant by Xinhai Technology Processing EPC. This move aims to enhance the plant’s production capabilities to commercially acceptable levels. The company is also in discussions with potential lenders and offtake funders to restructure prepayment arrangements, contingent on the plant achieving consistent production standards. The audit report is deemed valuable for improving plant operations and ensuring the current flotation plant can supplement the new installation, although immediate focus remains on the Xinhai Flotation Plant to secure early commercial production.
More about Premier African Minerals
Premier African Minerals Limited is a multi-commodity mining and natural resource development company focused on Southern Africa, with key projects including RHA Tungsten and Zulu Lithium in Zimbabwe. The company has a diverse portfolio that includes tungsten, rare earth elements, lithium, tantalum, and gold, with operations spanning Zimbabwe and Mozambique.
Average Trading Volume: 110,207,879
Technical Sentiment Signal: Strong Sell
Current Market Cap: £7.64M
See more data about PREM stock on TipRanks’ Stock Analysis page.