Premier African Minerals seals performance-linked flotation plant deal for Zimbabwe lithium project

Premier African Minerals ( (GB:PREM) ) has provided an update.

Premier African Minerals has signed a contract with Xinhai subsidiary Thriving Engineering to supply, install and commission a spodumene flotation plant at its Zulu Lithium and Tantalum Project in Zimbabwe, targeting a 15–20 tonnes per hour flotation circuit. The deal is structured with performance guarantees and staged payments tied to concentrate grade, recoveries and throughput, aligning contractor incentives with Premier’s drive to stabilise and optimise processing performance, with commissioning and optimisation expected in the second quarter of 2026.

All civil works and concrete foundations needed for the flotation upgrade have been completed, enabling rapid installation once equipment is delivered within the agreed 15-day window. By embedding performance-related provisions and aiming to complete the project within the previously announced long stop date, Premier is seeking to strengthen operational reliability at Zulu and enhance its position in the lithium value chain, which is critical for stakeholders exposed to the project’s ramp-up and production profile.

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 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 early-stage exploration.

Average Trading Volume: 173,418,885

Technical Sentiment Signal: Sell

Current Market Cap: £3.93M

See more insights into PREM stock on TipRanks’ Stock Analysis page.