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Premier African Minerals ( (GB:PREM) ) has issued an announcement.
Premier African Minerals has reported significant construction progress at its Zulu Lithium and Tantalum Project in Zimbabwe, where new flotation cells have been fully installed and aligned under the supervision of the manufacturer’s engineer, and product and tailings pumps are now in place. Structural steelwork, flotation launders and plant integration piping are advancing, with motor control switchgear assembly on schedule and expected on site within two weeks.
Operational readiness is also improving, with a commissioning plan in development, the process engineering team mobilising and discussions under way with a mining contractor to secure ongoing ore supply, supported by an existing 5,000-tonne run-of-mine stockpile for early commissioning. The company maintains its target of commissioning and optimising the plant in the second quarter of 2026, aiming to reach steady-state production of on-spec spodumene concentrate, which would strengthen its position in the lithium supply chain and could enhance value for stakeholders if milestones are met.
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 PREM Stock
According to Spark, TipRanks’ AI Analyst, 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 PREM stock, click here.
More about Premier African Minerals
Premier African Minerals Limited is an AIM-listed, multi-commodity mining and natural resource development company focused on Southern Africa, with key assets including the RHA Tungsten and Zulu Lithium projects in Zimbabwe. Its portfolio spans tungsten, rare earth elements, lithium and tantalum, ranging from brownfield projects with near-term production potential to grassroots exploration opportunities.
Average Trading Volume: 251,607,561
Technical Sentiment Signal: Sell
Current Market Cap: £3.59M
For detailed information about PREM stock, go to TipRanks’ Stock Analysis page.