Last 1.33 GBp
Change Today +0.075 / 6.00%
Volume 6.5M
PREM On Other Exchanges
Symbol
Exchange
London
As of 10:36 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

premier african minerals ltd (PREM) Snapshot

Open
1.27 GBp
Previous Close
1.25 GBp
Day High
1.43 GBp
Day Low
1.25 GBp
52 Week High
10/30/13 - 1.93 GBp
52 Week Low
04/14/14 - 0.53 GBp
Market Cap
6.5M
Average Volume 10 Days
5.2M
EPS TTM
-0.0064 GBp
Shares Outstanding
488.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PREMIER AFRICAN MINERALS LTD (PREM)

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premier african minerals ltd (PREM) Details

Premier African Minerals Limited, a multi-commodity natural resource company, is engaged in the exploration, evaluation, and development of mineral reserves primarily in western and southern Africa. The company explores for a range of multi-commodity projects, including tungsten, gold, clays, phosphate, nickel laterite, lead, zinc, uranium, rare earth elements, fluorspar, and lithium. It primarily focuses on RHA, Zulu, and Katete projects located in Zimbabwe. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012. Premier African Minerals Limited was founded in 2007 and is based in Tortola, British Virgin Islands.

premier african minerals ltd (PREM) Top Compensated Officers

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Executives, Board Directors

premier african minerals ltd (PREM) Key Developments

Premier African Minerals Limited Announces Executive Resignations; Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Premier African Minerals Limited announced that Alexander du Plessis has tendered his resignation from the Board as has Richard Dollar. Both intend to pursue other interests. The company reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported operating loss of USD 1,652,000 compared to USD 1,187,000 a year ago. Profit before tax was USD 1,058,000 compared to loss before income tax of USD 1,187,000 a year ago. Profit for the period was USD 1,058,000 compared to loss for the period was USD 1,187,000 a year ago. Profit attributable to owners of the parent was USD 1,449,000 compared to loss attributable to owners of the parent was USD 1,312,000 a year ago. Diluted earnings per share were 0.1 cents compared to loss of 0.4 cents a year ago. Net cash outflow from operating activities were USD 1,035,000 compared to USD 672,000 a year ago. Exploration and evaluation expenditures were USD 403,000 against USD 587,000 a year ago.

Premier African Minerals Limited Process Test Work Results Confirm Excellent Recoveries and Marketable End Product, Flow Sheet and Process Equipment

Premier African Minerals Limited provided details of the process test work results including WO3 grades and recoveries of the Wolframite concentrates as well as plant design for its RHA Tungsten Project, in Zimbabwe. The company release encouraging results from the metallurgical test programme being conducted simultaneously by Peacocke & Simpson in Harare and SGS in Johannesburg. The programme consists of investigative work on a 200 kg bulk sample as well as a mini pilot run on 800 kg of bulk sample both originating from seven separate locations within the historic underground workings. The sample head grade was 3.58% WO3. The results announced are based on the mini pilot run which consisted of crushing, scrubbing and screening the sample to a -6 mm, +1 mm and a -1 mm fraction. The coarser fraction (-6 mm) was jigged while the finer fraction was subject to spiral concentration followed by gravity treatment using Wilfley tables. The test flow sheet produced two different concentrates: -6 mm +1 mm at 62.7% WO3 and a -1 mm at 67% WO3 at a cumulative recovery of 77.3%. The process flow has not been optimized at this stage and the simple flow sheet provides the flexibility to potentially increase the -6 mm +1 mm fraction concentrate grade through a shallower jig cut. In practice the board expects that it is likely that company should get a higher grade at this same recovery as the full scale process plant operation is continuous and the cuts on the spirals and tables are easier to maintain. In addition, investigative work conducted on a 200 kg sample confirmed the ability to efficiently pre-concentrate the plant feed at -25 mm +6 mm by achieving a fourfold upgrade of feed grade at a 20% mass pull. These results provide the ability and flexibility for the plant to accommodate significantly higher run of mine feed rates with the simple addition of jigging capacity upfront. The two grades of concentrate produced from a simple and low cost process may, in principle, be optimized to customer specifications in terms of material sizing by staged crushing, screening and gravity concentration. Premier should be able to meet material standards used in Ferro-tungstate production as well as normal APT specifications. Flow sheet and process equipment: most aspects of the proposed flow sheets and plant design have been finalized. Appropriate Process Technologies has provided the plant design at an instantaneous process rate of 16tph. The process flow sheet is set out schematically below. The quotation, which is at a considerable discount to the USD 2.79 million estimated in the concept study, is currently under review by the Board.

Premier African In Talks For Disposition Of Properties In West Africa

Premier African Minerals Limited (AIM:PREM) is in the process of an extensive review of its exploration activities both in Zimbabwe and in West Africa and is pleased to report that it is in negotiations intended to result in the disposition of properties in West Africa. The company stated: “Subject to finalizing these negotiations, Premier will have no further financing obligations in regard to those properties and will focus on our Zimbabwe operations. A strategic review of our exploration activities in Zimbabwe culminated in a decision to focus on tantalum and lithium at Zulu Pegmatite, Fluorspar at Tinde, Graphite at our Globe deposits and other possible acquisitions.”

 

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