Premier African Minerals’ Process Plant Complete and Ready to be Shipped; Second Tranche of Loan Approved

Premier African Minerals Ltd. (LSE:PREM) announced that the process plant for its RHA tungsten project in Zimbabwe is complete and ready for shipment. The company also reported that it will be receiving the second tranche of the financing for the amount GBP750,000 as Darwin Strategic Ltd. has confirmed that Premier has met the necessary conditions.

As quoted in the press release:

Premier African Minerals Limited announces that Appropriate Process Technologies has advised Premier that the process plant for its flagship RHA Tungsten Project in Zimbabwe is complete and ready for shipment. Simultaneously, Darwin Strategic Limited has confirmed that necessary conditions to the release of the second tranche from the financing announced on 28 April 2015, in the amount of £750,000 have been met, and the funds will be released to Premier today. Premier is the operator of RHA and holds a 49 percent interest.

George Roach, CEO of Premier African Minerals, commented:

We have achieved another milestone today with completion of the process plant and commencement of packing in preparation for the shipment of the plant to site for assembly and commissioning. At this time, we remain on target for first production in June 2015.

Click here to read the full Premier African Minerals Ltd. (LSE:PREM) press release.