HARARE — PREMIER African Minerals Ltd on Monday said it had made an order for the process plant for the RHA Tungsten Project in Zimbabwe.
The process plant is designed to meet a throughput of 16 tonnes per hour or 8 000 tonnes per month and a wolframite recovery of 82,8%, said Premier.
Premier African is the operator for the project and has a 49% interest. The other 51% is held by the National Indigenisation and Economic Empowerment Fund on behalf of the government of Zimbabwe.
“Confirming this order is a further step in the process of re-opening the RHA Mine. Although the initial deposit has been paid from our cash on hand, additional finance will still be required and we continue our advanced negotiations on off-take and/or marketing contracts and other finance options,” said Premier chief executive officer George Roach.
Premier African shares were up 2,2% to 0,92 pence on Monday.