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Premier African Minerals Ltd.
Summary
| Project: | RHA | |
|---|---|---|
| Deposit: | RHA | |
| Location: | Zimbabwe | |
| Commodities: | Tungsten | |
| Date: | 11/30/2016 | |
| Report Code: | SAMREC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 30-11-2016: Premier African Minerals Ltd. announces a Resource Estimation report for its RHA deposit at the RHA project. Upgraded mineral resources for the project. Premier African Minerals Limited (AIM: PREM), the London-quoted mining exploration and pro | |
| Resources: | (Resource, total): 22.149Mt @ 2.45kg/t WO3 for 54.27Mt W contained at project | |
| CP/QP: | [Resources]: Bruce Cumming (Not stated) | |
| ABSTRACT: | Premier African Minerals Limited (AIM: PREM), the London-quoted mining exploration and production company, is pleased to report substantial increases in resources at RHA Tungsten (RHA) mine in Zimbabwe. Premier owns 49% of RHA and is the operator. "This maiden resource in the underground and update on the open pit, strongly supports the installation of X-Ray ("XRT") based run-of-mine sorting technology and indicates a sustained profitable operation once the shaft upgrades are completed and the sorter is installed. At the same time, the resources now declared support our planned production levels of up to 10,000 metric ton units of Wolframite monthly when installation and commissioning of the upgrades underway are complete. Production at this level is likely to see Zimbabwe placed into the top five wolframite producing countries and RHA as one of the larger producers outside of China." The Resource update set out in Table 1 below is prepared in accordance with SAMREC and in compliance with Appendix 3 of the AIM Note for Mining and Oil & Gas Companies - June 2009). No cut-off grade has been applied to the Mineral Resources. This is not indicated when XRT based sorting is applied. The Resources set out above in the underground represent a maiden resource and are contained within 100 meters of existing underground development that includes equipped vertical 120-meter shaft and extensive drive and historic stoping areas providing direct access with little or no further development required to mine. The mineralisation is open on strike and to depth. Resources in the open pit represent a combination of resources contained within the existing semi-developed open pit extended to 20 meters below the original design limit, and resources contained in an area below the extended pit limit that contains 15,74 million tons at a grade of 2,37kg per ton of WO3. Premier regards this material as Inventory until further study determines whether this should be mined as a super pit or using bulk underground mining methods. | |
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