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Premier African pays deposit on tungsten process plant

Last updated: 22:33 08 Dec 2014 AEDT, First published: 23:33 08 Dec 2014 AEDT

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Premier African Minerals (LON:PREM) has placed the order for the process plant at its RHA tungsten project in Zimbabwe. 

George Roach, chief executive, said while it has paid the deposit it will need more money to pay for all of the kit with negotiations for off-take and/or marketing contracts and other finance options ongoing. 

The process plant is designed for a throughput of 16 tonnes per hour or 8,000 tonnes per month and a wolframite recovery of 82.8%.

A pre-concentration circuit, not included yet, could increase the plant throughput fivefold at a 20% recovery loss. The cost of the process plant inclusive of final installation is US$2.1mln with the deposit of US$1.06mln payable in two tranches. 


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