Premier African Minerals Ltd. (LSE:PREM) yesterday provided an update on its RHA tungsten project, commenting that it has “commissioned a further review of potentially low capital cost, near term production alternatives” for it.
As quoted in the press release:
The alternative approach under review contemplates an immediate commencement of mining operations through utilisation of the existing underground development and shaft system, and construction of the plant at the historic site. The plant and flow sheet is expected to be of similar design and capacity to that contemplated in the initial mine study. If the alternative mining approach is adopted, production could commence from as soon as the early part of next year at a reduced mining rate with expansion taking place progressively thereafter. The alternatives under review anticipate that Premier would finance this without the need to raise further equity.