Premier African Minerals (GB:PREM) has released an update.
Premier African Minerals Limited has announced a substantial investment of approximately £1.25 million to support their Zulu Lithium and Tantalum Project in Zimbabwe, through the issuance of over 781 million new shares. The company is optimistic about the mining operations and ore grades, expecting quarterly production reports starting Q3 2024, and is actively resolving technical challenges in its floatation circuit and ore sorting processes. Additionally, Premier has initiated a share-based settlement with contractors worth US$2 million and is awaiting trading admission for the new shares by May 24, 2024.
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