Shares in Premier African Minerals were sinking on Tuesday morning, after the company accepted the general offer made by Arc Minerals to all Casa Mining shareholders, converting its entire interest in Casa into new Arc Minerals shares.
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Premier African Minerals has appointed seasoned geologist Wolfgang Hampel, the former chief operating officer of Tantalus Rare Earths, as a director of the company with immediate effect.
Premier African Minerals announced a placing today to raise £0.4m before expenses at an issue price of 0.16p per new ordinary share, it announced on Friday.
Premier African Minerals announced on Friday that although throughput at its RHA Tungsten plant during the latter part of December had exceeded its target of 6,000 tonnes in aggregate ore feed, the ore processed had predominantly been from on-strike development at a diluted grade and insufficient to achieve planned profitable production.
AIM-traded multi-commodity mining and resource development company Premier African Minerals saw "strong" demand at the weekend for its newly issued shares from both private and institutional investors.
Drilling by Premier African Minerals at its Zulu lithium and tantalum project in Zimbabwe found "good" continuity of minerals to confirm its internal exploration target of 60-80m tonnes for the zone.
Premier African Minerals agreed to acquire an additional interest in Circum Minerals from Sabona Investment.
Mining and exploration company Premier African Minerals was upbeat on the progress being made by its portfolio company Casa Mining, it announced on Tuesday, in which it holds a 4.5% interest.
Premier African Minerals identified a new mineralised zone adjacent to its Zulu project which the company said vindicated its strategy not to sell-out, opting instead to develop the area further.
Premier African Minerals, the mining exploration and production company, announced the discovery of six new pegmatites zones at its Zulu Lithium and Tantalum project, while simultaneously completing another eleven mineralised drill holes.
AIM-listed Premier African Minerals has raised £2m form an oversubscribed share placing to fund develop at its lithium and limestone mines.
Southern and western Africa-focussed multi-commodity resource and development company Premier African Minerals announced that the x-ray transmission (XRT) had arrived on site at RHA and was currently being assembled and integrated on Monday.
Shares in AIM-listed Premier African Minerals soared 10% on Monday as the company reported positive lithium assay assay results from shallow drilling at its Zulu Lithium and Tantalum Project .
Mining, exploration and production company Premier African Minerals announced on Friday that Circum Minerals, in which Premier holds two million shares - equivalent to an interest of approximately 2% - had posted an updated presentation on its website.
AIM-listed miner Premier African Minerals has expanded its drilling programme after it saw "significantly" more lithium mineralisation from drilling than expected at its site in Zimbabwe.
Premier African Minerals, an AIM listed mining exploration and production company, has decided not to exercise its option to acquire up to 30% in Casa Mining Limited.
Multi-commodity mining and natural resource development firm Premier African Minerals has completed its acquisition of a 52% stake in TCT Industrias Florestais Limitada.
Mining exploration and production company Premier African Minerals reported on Friday that significant tantalum grades have been recorded from the current 2,500 meter drilling programme at the company's Zulu Lithium and Tantalum Project in Zimbabwe.
Ortac Resources has subscribed for a further 62,500 shares at $50,000 total in Casa Mining Ltd to maintain its 19.5% stake after Premier African Minerals acquired a 4.5% shareholding.