premier african minerals ltd
(PREM:London)
premier african minerals ltd (PREM) Snapshot
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Open
0.98 GBp
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Previous Close
0.98 GBp
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Day High
0.98 GBp
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Day Low
0.98 GBp
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52 Week High
12/10/12 - 2.50 GBp
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52 Week Low
04/8/13 - 0.83 GBp
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Market Cap
3.3M
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Average Volume 10 Days
53.5K
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EPS TTM
--
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Shares Outstanding
335.6M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Related News
premier african minerals ltd (PREM) Related Businessweek News
No Related Businessweek News Foundpremier african minerals ltd (PREM) Details
Premier African Minerals Limited, a multi-commodity exploration and development company, engages in discovering, acquiring, and developing mineral development projects in Africa, primarily in West and Southern Africa. The company explores for a range of multi-commodity projects, including tungsten, phosphates, lithium and tantalum, gold, uranium, rare earth elements, and clays. Its principal projects comprise the RHA project consisting of 50 mineral claim blocks covering an area of 1,800 hectares; and the Katete project comprising 25 mineral claim blocks located northwest of Bulawayo, Zimbabwe. The company was formerly known as G and 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 Lomee, Togo.
premier african minerals ltd (PREM) Key Developments
Premier African Minerals Limited announced a positive exploration update from its RHA Tungsten Project, located in the prospective Kamativi Tin Belt in north-west Zimbabwe. The company believes the Project has the potential to be developed into a low capital and operating cost tungsten mine in the near term. 1,302m five hole diamond drilling (DD) programme undertaken at RHA, sampling confirmed significant tungsten oxide (WO3) values best results include: DD003: Weighted average 0.46% WO3 over 15m, DD004: Weighted average 0.65% WO3 over 6m, DD006: Weighted average 1.33% WO33 over 3m. Drilling has uncovered two, potentially three, previously unknown, well mineralised quartz veins lying in the hanging wall of the existing lode system. Further detailed examination and sampling of the DD drill core has been completed with 198 samples taken targeting individual samples and zones > 0.15% (WO3) results due to first quarter of 2013. Initial detailed geological logging has revealed tungsten mineralisation in the form of very coarse wolframite crystals, hosted within narrow quartz veins between 5cm and 10cm. Further low-cost surface trenching and sampling will be undertaken in the first quarter 2013 to confirm the surface location and extent of the hanging wall lodes. SAMREC compliant resource on target for the first half of 2013. 3D Datamine modeling underway - completed model will be used as the basis for a concept mine technical and economic study targeted to commence end of first quarter of 2013.
Premier African Minerals Limited confirmed the two year renewal of the company's three exploration permits for the multi-commodity Southern Togo Project, covering 173.99 sq. km located east-north-east of the Société Nouvelle des Phosphates du Togo (`SNPT') phosphate open pit operations at SNPT's Dagbati mine.
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To contact PREMIER AFRICAN MINERALS LTD, please visit www.premierafricanminerals.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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