Last 0.88 GBp
Change Today -0.075 / -7.89%
Volume 725.5K
PREM On Other Exchanges
Symbol
Exchange
London
As of 11:35 AM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

premier african minerals ltd (PREM) Snapshot

Open
0.95 GBp
Previous Close
0.95 GBp
Day High
0.95 GBp
Day Low
0.88 GBp
52 Week High
08/29/13 - 2.63 GBp
52 Week Low
04/14/14 - 0.53 GBp
Market Cap
4.3M
Average Volume 10 Days
1.0M
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.

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premier african minerals ltd (PREM) Key Developments

Premier African Minerals Limited Reports Consolidated Earnings Results for the Year Ended December 31, 2013

Premier African Minerals Limited reported consolidated earnings results for the year ended December 31, 2013. For the year, the company reported operating loss of USD 4,728,000 compared to USD 2,103,000 a year ago. Loss before tax was USD 4,769,000 compared to USD 2,099,000 a year ago. Loss for the year was USD 4,769,000 compared to USD 2,099,000 a year ago. Total comprehensive loss for the year attributable to the owners of the parent was USD 3,811,000 compared to USD 2,068,000 a year ago. Basic and diluted loss per share was 1 cents compared to 3 cents a year ago. Net cash outflow from operating activities were USD 2,046,000 compared to USD 1,760,000 a year ago.

Premier African Minerals Limited Provides Update on Assay Results from Drilling Programme and Initial Trench Assay Results at RHA Tungsten Project, Zimbabwe

Premier African Minerals Limited provided a further update on assay results from its recently completed drilling programme and initial trench assay results at the RHA Tungsten Project (RHA), Zimbabwe, in which Premier is the operator and holds a 49% interest. The mineralogical report, part of the metallurgical testwork plan, commissioned in January 2014, and prepared by SGS South Africa, confirms that the predominant tungstate mineral is Wolframite, and that liberation of this material occurs at a fairly coarse grind. The report further highlights that recovery of the liberated material, to a final product specification, can be achieved by the use of simple and cost effective gravity separation. The sample head grade of the mineralogical sample was 1.52% WO3. Wolframite is the dominant tungsten bearing mineral with 1.28% of the total sample being wolframite and 0.28% of the sample being scheelite, which occurs as a secondary alteration mineral and is slightly finer grained than the wolframite. Metallurgical test-work is underway and is expected to complete in approximately 14 days. The mineralogical report allows Premier to provide anticipated product specifications and Premier will now move to finalise off-take agreement negotiations, announced originally in December 2013. The additional drilling of Lode 2A, as recommended in thePreliminary Economic Assessment, was completed in December 2013. Assay results from boreholes DD09 to DD14 were released on 13 March 2014. The Lode 2A mineralised zone, the targeted Lode, has also been intersected in boreholes DD15 and DD16. Borehole DD17 did not intersect the Lode and DD18 intersected mineralisation that has been interpreted as footwall veins. The current interpretation of DD17 is that the borehole was not drilled deep enough to intersect Lode 2A. Similarly, borehole DD18 clipped the top of Lode 2A. The deposit remains open along strike to the South-West and down-dip.

Premier African Minerals Limited Provides Update on Assay Results from its Recently Completed Drilling Programme at RHA Tungsten Project

Premier African Minerals Limited provided an update on assay results from its recently completed drilling programme at the RHA Tungsten Project, Zimbabwe, in which Premier is the operator and holds a 49% interest. The additional drilling of Lode 2A, as recommended in the Preliminary Economic Assessment was completed in December 2013. Assay results from boreholes DD09, DD10, DD11, DD12, DD13 and DD14 have been received and are set out below. In all holes, the Lode 2A mineralised zone has been intersected, providing confidence and continuity to the previously announced resource. All holes have intersected previously unknown additional mineralisation in the Hanging Wall (HW) and in the case of DD10 and DD13, also in the Foot Wall (FW). Inspection of the results and significantly of the Composites reveals very high grade mineralisation of up to 359 kilograms per tonne WO3 in assay and 154 kilograms per tonne WO3 in Composite (DD09 Vein K). Best assays to date are: 142 kilograms per tonne (DD07 Vein 1). 159 kilograms per tonne (DD11 Vein C). 359 kilograms per tonne (DD09 Vein K).

 

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