Business
Open Pit Mineral Resource Review
Open Pit Mineral Resource Review.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 0859N Premier African Minerals Limited 27 January 2016 \n\nPremier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining\n \nPremier African Minerals Limited \n(\"Premier\" or the \"Company\")\nOpen Pit Mineral Resource Review\n \nPremier African Minerals Limited, the AIM-traded, multi-commodity mining and resource development company focused on Southern and Western Africa, is pleased to issue this interim update on open pit resource developments at the RHA Tungsten mine (\"RHA\"), in respect of which the Company is the operator and holds a 49% interest. This SAMREC compliant Mineral Resource review was commissioned to support a bulk mining approach and the use of XRT technology to achieve material upgrading as discussed in our announcement 24 November 2015. \n \nKey Points\n \n· Significant increase in mining inventory and tonnages of contained tungsten within the pit boundary.\n· Previously reported depth and on strike continuity outside the pit boundary confirmed.\n \nGeorge Roach, CEO, commented: \"This re-examination and recompilation of the resource data base is designed to complement test work utilising XRT technology for upgrading of ore in pit. The result of this resource review is encouraging and will support bulk mining and in pit upgrading.\n \nAt present, delivery of ore from the 926 level underground continues and we are progressing the equipping of the main shaft and other infrastructure necessary to start lifting from the 870 levels in February 2016. At this time, we anticipate RHA operating profitably from this Spring.\n \nResource update compilation continues and the next update is expected to be a complete resource update inclusive of underground and additional Lode/Zone structures not previously included. Initial test work using XRT sorting technology was most favourable and provided the bulk testing soon to commence meets with the same level of success, a combination of underground and open pit operations with pre-plant feed ore upgrading has the promise of significantly improved throughput and reduced direct operating costs.\"\n \nMineral Resource Review\nThis SAMREC compliant Mineral Resource review was prepared by independent competent person, Datamine Software Africa, based on a...