Premier African Minerals (GB:PREM) has released an update.
Premier African Minerals Limited remains optimistic about the progress of its Zulu Lithium and Tantalum Project, with the installation and commissioning of a crucial conditioning tank expected by July 10, 2024. The company has streamlined its operations, achieving improved production efficiencies and cost savings, which are anticipated to bring a small cash flow benefit by selling lower grade concentrates on an ex-mine gate basis. Despite a sizable investment of US$75 million in the project, the CEO expresses confidence as the market capitalization does not yet reflect the project’s full value.
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