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Premier African Minerals Ltd shares fell on Friday, after it said its Zulu plant deadline is ‘largely’ dependent on the resolution of ongoing commissioning and optimisation issues. Premier African Minerals is an Africa-focused metals and mineral project developer. Its shares were down 7.6% to 0.41 pence each in London on Friday afternoon. It said that ‘extensive optimisation’ of the Zulu plant continues. ‘Passing adequate tonnage of correctly sized material to the floatation section of the plant has highlighted various other ongoing ore sorter, instrumentation and material flow challenges that Stark International Projects Ltd, the operator of the plant, is currently addressing,’ the company warned. It added that Zulu is producing concentrates. Looking ahead, Premier African said meeting the 1,000-ton shipment of Spodumene concentrate required by November 25 will be ‘largely’ dependent on the resolution of the ongoing commissioning and optimisation issues. Chief Executive George Roach, commented: ‘Meeting the initial shipment target 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 chair. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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