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Last 1.70 GBp
Change Today +0.025 / 1.49%
Volume 1.4M
PREM On Other Exchanges
Symbol
Exchange
London
As of 11:35 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

premier african minerals ltd (PREM) Snapshot

Open
1.68 GBp
Previous Close
1.68 GBp
Day High
1.75 GBp
Day Low
1.68 GBp
52 Week High
06/2/15 - 3.58 GBp
52 Week Low
02/18/15 - 0.68 GBp
Market Cap
11.6M
Average Volume 10 Days
8.5M
EPS TTM
-0.0010 GBp
Shares Outstanding
681.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PREMIER AFRICAN MINERALS LTD (PREM)

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premier african minerals ltd (PREM) Details

Premier African Minerals Limited, a multi-commodity natural resource company, is engaged in the exploration, evaluation, and development of mineral reserves primarily in western and southern Africa. The company explores for a range of multi-commodity projects, including tungsten, gold, clays, phosphate, nickel laterite, lead, zinc, uranium, rare earth elements, fluorspar, and lithium. It primarily focuses on RHA, Zulu, and Katete projects located in Zimbabwe. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012. Premier African Minerals Limited was founded in 2007 and is based in Tortola, British Virgin Islands.

premier african minerals ltd (PREM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

premier african minerals ltd (PREM) Key Developments

Premier African Minerals Limited Provides Corporate and Project Update Focused on the RHA Tungsten Project

Premier African Minerals Limited provided a corporate and project update focused on the RHA Tungsten Project in Zimbabwe, of which Premier is the operator of RHA and holds a 49% interest. RHA process plant modifications installed and operational benefits confirmed plant through-put improved, premier loan accounts to RHA registered in Zimbabwe. The modifications were designed to improve efficiency of the crushing circuits and allow better utilization of the surplus capacity on the downstream concentration circuits. The immediate effect of the modifications was anticipated to be an increase in the percentage of higher grade fines concentrate over the coarse concentrate, with a probable overall increase of total tonnage of concentrate produced. Prior to installation of the modifications, up to 40% of feed ore was rejected as oversize and stock-piled. RHA anticipates processing this stockpiled material within this week and will then resume ore supply from run of mine material. Feed grade continues to improve as the more mineralized ore from within the resource model envelope is exposed. When run-of-mine feed grade reaches the planned grade, RHA expects that production targets will be achieved. As and when steady state production is achieved a further announcement will be made.

Premier African Minerals Limited Provides Update on RHA Project Tungsten Project in Zimbabwe

Premier African Minerals Limited provided a further update on progress at its RHA Tungsten Project in Zimbabwe, of which Premier is the operator of RHA and holds a 49% interest. Following production of first concentrates on 5 June 2015, the components of the process plant have steadily undergone optimization and fine tuning. The plant has been running on a 24 hour continuous production cycle since 26 June 2015 and first ores from areas identified in the resource model started arriving at the plant on 30 June 2015. This together with the developments of the past weeks is anticipated to see a substantial increase in concentrates produced and commencement of shipments. Fines concentrates from the tables have exceeded grades of 67% WO3 on a regular basis with as high as 70% WO3 recorded to date. Water drilling campaign: RHA has embarked on a drilling campaign to supplement the existing water supply from the RHA dam. To date four holes have been successfully completed which will be incorporated into the water supply infrastructure. Further drilling is underway.

Premier African Minerals Limited Auditor Raises 'Going Concern' Doubt

Premier African Minerals Limited filed its Annual on Jun 29, 2015 for the period ending Dec 31, 2014. In this report its auditor, Baker Tilly, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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Valuation PREM Industry Range
Price/Earnings 100.0x
Price/Sales -- Not Meaningful
Price/Book 1.3x
Price/Cash Flow 110.0x
TEV/Sales -- Not Meaningful
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