Business
RHA Project Update
RHA Project Update.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 7676P Premier African Minerals Limited 22 February 2016 \n\nPremier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining\n \nFor immediate release\n22 February 2016\n \nPremier African Minerals Limited (\"Premier\" or \"the Company\")\nRHA Project Update \n\n\nPremier African Minerals Limited, the AIM-traded, multi-commodity mining and resource Development Company focused on Southern and Western Africa, is pleased to confirm that the plant at RHA has commenced processing underground ore. Premier is the operator of RHA Tungsten Project (\"RHA\") in Zimbabwe, and holds a 49% interest. \n \nGeorge Roach, Chairman and CEO, commented: \"I am happy to report that our plant at RHA is now back in operation and processing ore from underground operations. Whilst additional fixes are still expected to the plant, the processing of higher grade ore is the first step towards our target of achieving profitable operations in the spring of 2016. I look forward to providing a further update in due course as ore processing continues.\"\n \nForward Looking Statements\nCertain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', \"should\" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental author...