Premier African and its multi-commodity aims in Africa
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals
Company
LON:PREM
Premier African Minerals Ltd is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe. The company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration.
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As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals
Serial small cap promoter David Lenigas gets behind Premier African, Falcon Oil & Gas reports “excellent gas shows”, and slot machine software group Quixant hits the jackpot with half-year results.
Premier African rose sharply after the company told investors it has started work on a 20-hole diamond drill project at its Zulu lithium project in Zimbabwe
The work is aimed at producing a maiden resource and testing extensions to the 3.5km strike length.
The FTSE 100, London’s blue-chip ticker, closed firm on Wednesday, buoyed by solid jobs data in the wake of Britain’s decision to leave the European Union and a surge by miners on rising commodity prices
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Weekly round up of mining headlines from the world of Proactive.
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A look at the week's mining news from the small cap sector
London stocks ended lower on Monday, as miners reflected the unease over what policymakers might say to urge a US rate hike later this week and oil stocks came off with a weaker Brent crude price
LGO Energy has successfully recompleted the GY-277 well, Image Scan is on track to break even, and Avation has purchased and delivered another brand new Airbus.
FTSE 100 shed 34 points to 6,824 with miners occupying the bottom seven places.
Investors were buoyed by the news that Image Scan expects to break even when it announces its final results later this year
The company hopes to have put to bed any lingering concerns about equity dilution through the agreement of a loan facility with Darwin Strategic.
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London's blue chip index was down 17 points, as a meeting of central bankers later this week likely to set the tone for world equity markets.
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A round up of the week's mining headlines from Proactive.
As the company bids farewell to finance director Pamela Hueston, it has appointed chartered accountant and experienced businessman Russel Swarts as a consultant.
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Weekly round up of mining news from the world of Proactive.
London shares closed lower on Thursday, driven south by textiles and fashion stocks who were the biggest casualty of weaker-than-forecast retail sales data, as well as low-flying airline stocks after easyJet shares fell
Shares in Fastjet took off by 62.2% to 37.5p after the African budget carrier launched a £19.2mln placing
Recently completed 3D modelling of the Zulu pegmatite showed a direct correlation between historic data from Rhodesian Selection Trust (RST)..
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Markets will likely hang on the ECB president's words on 'Brexit' and Europe's response later today
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A weekly round up of the mining news from the world of Proactive.
London’s shares edged lower on Wednesday, in tandem with Wall Street losing steam mid-way through the New York session, and despite a smooth transition to a new British Prime Minister. Sterling was part of the problem. After recovering from
Screens and plant modifications have been completed with electrical reticulation to take place over next two days.
A weekly round-up of mining news from the world of Proactive.
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Hummingbird begins detailed engineered at Yanfolila; Shanta Gold exploration yields some encouraging results; Breedon Aggregates proposes a name change; and more…
The plant is expected to run next week, the company told investors
The independent directors and the company's Nomad believe the terms of the agreement are fair
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Weekly round up of mining news from the world of Proactive.
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Brokers were mixed in their outlook for media companies, with Liberum taking a particularly bullish view on the sector
Grades included 1.55% Li2O (lithium oxide) in a spodumene / lepidolite ore sample
Plant modifications are en route to RHA site in Zimbabwe says company
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A fairly busy week on the small cap mining front this week with some big news from Lydian International.
An abstract of news from the small cap world today
RHA has now commissioned the new shaft and expects to build tonnage from underground mining to 9,000 tons per month.
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This week's mining industry news from Proactive Investors.
Shipments of WO3 concentrate are also expected to resume from June,
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Vodafone, Speedy Hire and Blinkx are among the highlights in Tuesday's schedule in London.
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Premier African Minerals Ltd is poised to buy a 52% interest in a Mozambique firm with a substantial limestone deposit for a total of US$2.1mln and has raised £1.1mln in a discounted share placing.
Wishbone Gold shareholders got lucky as the company revealed it is in debt funding talks
Image Scan's losses slashed. Cloudbuy rises on contract win. Kolar Gold's new broker raises fears of impending share issue.
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A selection of the weeks small cap mining news......
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Metal Tiger shares continue to rise, big news for Aminex and Westminster's ferry hits another snag.
Premier African Minerals Ltd revealed it was on the brink of profitable underground operations...
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StratMin Global Resources PLC ended the week with news of a proposed disposal.
Premier African Minerals Ltd shares advanced on Thursday as it revealed the Danakil potash project in Ethiopia could become the globe's lowest cost producer.
Markets looked on the bright side, driving up the FTSE 100 Index by 48.15 points to 6145 at lunchtime
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Banking group unveiled lower profits and cut its dividend
Major share price risers and fallers in London at 4.30pm
The company issued 100mln shares at 0.5p with the money to provide support until the tungsten miner starts to generate its own cash.
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Footsie continued lower on Wednesday as there were jitters about a possible Brexit and UK retail figures disappointed...
The Footsie fell 85 points as business leaders queued up to urge the British public to vote to stay in the EU
Premier African revealed financier Darwin has converted the remaining eight loan notes worth £200,000 into company shares.
Premier African aims to be profitable by the spring
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The FTSE 100 ended in the red, weighed down by big payers Astra, Glaxo and Shell going ex-dividend.
Some significant movers on Thursday at 9.30am, including Stratmin Global and Victoria Oil & Gas..
Oil majors still rise and Weir Group gets boost from vague bid chatter
The FTSE 100 Index climbed on reports of oil talks while M&A talk in oil and pubs also provided interest
Tungsten miner Premier African revealed Darwin has opted to convert £210,00 of its loan notes into company shares. The notes were issued in April last year and it means Premier has now £915,000 outstanding of notes.
Tungsten miner Premier African has received a US$200,000 credit facility from a local Zimbabwe bank as it prepares to exploit underground at its RHA project.
A tremendous boost for Premier African Minerals, the operator and 49% stakeholder in the RHA tungsten project, which has had a financing offer from local financial institution.
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Britain's blue chip benchmark tumbled 2.4% on the day to close 135 points lower as global markets continue to sink amid investor panic.
"There are no obstacles in bringing the underground developments on the lower levels of RHA into production as well as final plant fixes"
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Goldplat got a boost from a new resource statement for its project at its gold recovery operations in South Africa.
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Mining featured predominantly in the news again Wendesday.
The London index shed 25 points at 5,887 ahead of the US open
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The FTSE 100 Index dropped 23.67 points to 5887 in early trading
Review is encouraging and will support bulk mining and in pit upgrading, said CEO George Roach
First production and positive operating cash flow from RHA (before capital expenditure and working capital) are now expected in the spring.
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A round-up of the day's news from the small cap universe
Money will fund development of RHA tungsten mine in Zimbabwe
Premier African Minerals (LON:PREM) shares went higher on Monday as it unveiled positive tantalite findings from its Zulu project in Zimbabwe.
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Atlantic Coal mulls leaving AIM while Caledonia Mining proposes moving its HQ to Jersey
House broker Shore Capital has some advice for Premier African Minerals
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European Metals Holdings, the owner of the Cinovec lithium deposit in the Czech Republic, has added an AIM listing to its existing quote in Australia.
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Abzena, Keras and North River Resources also had news out on Friday
Roach swapped a further US$144,000 (£95,000) of loans into ordinary shares