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Premier African Minerals (LSE:PREM) provided an update on the RHA Tungsten mine. Premier holds a 49 percent interest in the project and is operator of the mine. As quoted in the press release, highlights included: Re-equipping of the 120 meter vertical shaft nearing completion; First ore from 870 level expected at surface during April 2016; Improving …
Premier African Minerals (LSE:PREM) provided an update on the RHA Tungsten mine. Premier holds a 49 percent interest in the project and is operator of the mine.
As quoted in the press release, highlights included:
- Re-equipping of the 120 meter vertical shaft nearing completion;
- First ore from 870 level expected at surface during April 2016;
- Improving grades from ore processed off 926 level expected to see WO3 concentrate shipments resume shortly;
- Positive operational cash flow from RHA (before capital expenditure and working capital) expected when first ore from 870 level is processed and crushing circuit upgrades installed; and
- Upgrades to crushing circuit planned for this month.