Premier advances flagship Zim tungsten project
Aim-listed Premier African Minerals continues to make progress on the development of its 49%-owned RHA tungsten project, in Zimbabwe, with earthworks now 10% complete and the development of the openpit mining area on schedule.
The openpit perimeter has been pegged out and bush clearing started last month.
The fabrication of the process plant is on schedule to be transported to the mine from Johannesburg, in May, while the mechanical equipment, including the mill, is currently being shipped to the plant assembly workshop in Johannesburg, where assembly of the various components are under way.
“The mill is expected to arrive in Durban in mid-April, while the contracts for transport and on-site erection are currently being finalised,” Premier outlines.
To date, the group has paid $1.46-million as a deposit towards the process plant, which represents 70% of the total cost of the plant. A final $664 000 payment is due once fabrication of the plant has been completed.
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