Premier African Minerals bullish about Zulu project.
Premier African Minerals shares rose strongly on Tuesday after the mining company expressed confidence in its Zulu lithium and tantalum project in Zimbabwe.
Premier African Minerals Ltd
18 June 2024 12:14:01
Source: Sharecast
PAM said the conditioning tank delivery and commissioning remains on track for completion during the week commencing 10 July.
"Premier sincerely hope the conditioning tank will be the last plant modification," said chief executive George Roach.
"The board remains confident regarding the prospects for Zulu and we note that at this time the development of Zulu, a complete mine, has cost the company the better part of $75m, and neither this nor the deemed valuation of Zulu agreed with our take-off partner is reflected in our current market capitalisation."
Shares were up 6.3% at 0.11p by 1210 BST, though still remain down 50% over the year to date.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
