Business
Interim RHA Update
Interim RHA Update.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 5083Y Premier African Minerals Limited 17 May 2016 \n\n \nPremier African Minerals Limited \n(\"Premier\" or the \"Company\")\nInterim RHA Update\nSummary\nPremier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused on Southern and Western Africa, is pleased to provide this interim update on progress at RHA Tungsten project (RHA) in respect of which Premier is the operator and holds 49%.\nHighlights\n· Re-equipping of the 120-meter vertical shaft is complete. Final inspection and a return to operations is expected this week. \n· Mining operations on the 870 level have commenced.\n· Plant operations are expected to resume this week.\n· Appropriate Process Technologies (APT) has now completed an agreement with Premier (and its counsel) to complete plant upgrades by the 6 July 2016. APT has confirmed to Premier that it has ordered the necessary equipment.\n \nGeorge Roach, CEO, commented: \n \n\"Whilst the Company is frustrated that the plant upgrades to the crushing circuit by APT have not yet been commissioned, it is encouraging that the vertical shaft has now been completed and fully equipped. Mining operations have recommenced and production has resumed. In light of the delays in installing the crushing circuit improvements, it is important to process ore from the 870 level to establish that in situ grade is delivered to the plant and mining dilution is adequately managed. Shipments of WO3 concentrate are expected to resume from June 2016. \n \n\"At the same time, XRT test work is progressing on open pit ore. This work is expected to yield favourable results, and we look to receive a proposal to upgrade ore and recommend resumption of mining from the open pit. This was discussed in our RNS of the 27 January 2016. \n \n\"The recent significant improvements in the price of ammonium para-tungstate and the developments outlined above support the Company's confidence that RHA will generate positive operational cash flow (before capital expenditure and working capital) in due course.\n \n\"Premier expects to provide further updates on RHA in the coming weeks regarding progress on updating resources, through-put, mi...