2023-11-03 15:46:06
(Alliance News) – Shares in Premier African Minerals Ltd fell on Friday, following the company said the Zulu plant deadline depended “largely” on resolving commissioning and construction issues. optimization in progress.
Premier African Minerals is an Africa-focused metals and minerals project developer. Its shares fell 7.6% to 0.41 pence each in London on Friday followingnoon.
The company said “extensive optimization” of the Zulu plant was continuing.
“Moving adequate tonnage of correctly sized material to the flotation section of the plant has highlighted various other ongoing challenges relating to the ore sorter, instrumentation and material flow that Stark International Projects Ltd , the plant operator, is currently in the process of resolving,” the company warned.
She added that Zulu produced concentrates.
Looking ahead, Premier African said meeting the shipment of 1,000 tonnes of spodumene concentrate required by November 25 will depend “largely” on resolving commissioning and operational issues. optimization in progress.
Managing Director, George Roach, commented: “Meeting the original delivery date is our main priority at this time and we will provide further updates in due course.
Premier African also confirmed the immediate appointment of Godfrey Manhambara as non-executive chairman.
By Sophie Rose, senior journalist at Alliance News
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