News Column

Premier African Minerals Limited - Significant increase in contained Tungsten Metal at RHA

May 6, 2014



ENP Newswire - 06 May 2014

Release date- 02052014 - Premier African Minerals Limited, the AIM-traded, multi-commodity natural resource company with mineral projects located in Western and Southern Africa, is pleased to announce a SAMREC compliant substantial increase in both the size and the confidence of the Resource at RHA Tungsten Project in Zimbabwe, in which Premier is the operator and holds a 49 per cent interest.

Our previous Resource totalled 1.24m tonne of which the Inferred Resource graded 8.70kg/t and the Indicated Resource 4.68kg/t. The completion of the metallurgical and mineralogical test-work together with our new Resource Statement allows for the revision and updating of our mining study and work has already commenced. Details of the Resource Statement are set out below.

At the same time Premier is engaged in substantial negotiations on a number of fronts related to RHA.

These include:

Further discussions with off-take partners intended to reach a formal agreement.

Potential debt finance providers who have indicated a willingness to invest in Zimbabwe.

George Roach, CEO commented that: 'This resource upgrade, coupled to completion of the mineralogical and metallurgical studies, deals with the main requirements identified in our mining study. We look forward with confidence to finalisation of the updated study and, subject to finance, the commencement of mine construction.'

The results of the drill programme has allowed for the recognition of a new Lode system (Lode1) and a more detailed remodelling of the previously reported mineralized Lode (Lode 2A & 2B). Geological interpretation and grade continuity has allowed for a revision of the naming of the Lodes, as below. The geological continuity of the previously named, Lode 2A and 2B has been confirmed and has increased the surface strike length of the mineralization to approximately 700m. Significantly, all mineralized Lodes are open along strike to the west and east, and at depth.

For further information please visit www.premierafricanminerals.com

Contact:

Pamela Hueston

Premier African Minerals Limited

Tel: +44 (0) 755 778 3855

Michael Cornish

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 207 628 3396

Jerry Keen

Edward Mansfield

Shore Capital Stockbrokers Limited

Tel: +44 (0) 207 408 4090

Tim Blythe

Halimah Hussain

Blytheweigh

Tel: +44 (0) 207 138 3204


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Source: ENP Newswire