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Premier African Minerals Releases Implementation Study for RHA Tungsten Project
Jan. 30, 2015 01:12AM PST
Company NewsPremier African Minerals Ltd. (LSE:PREM) announced the details of an implementation study for its RHA tungsten project, located in Zimbabwe.
Premier African Minerals Ltd. (LSE:PREM) announced the details of an implementation study for its RHA tungsten project, located in Zimbabwe.
Study highlights include:
- Pre-production capital reduced to US$4.15M
- Operating cost reduced to US$89.1/mtu
- Project schedule maintained, targeting first production in June 2015
- Definitive estimate confirms robust project economics
- Process plant fabrication on schedule
George Roach, CEO of Premier, commented:
The Implementation Study confirms our strategy for RHA and supports our conclusions that the open pit is projected to generate sufficient surplus cash to allow both commencement of repayment of loans made to RHA by Premier, and to finance the build of the underground operations.
Click here for the full Premier African Minerals Ltd. (LSE:PREM) press release
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