Premier African Minerals

AIM-listed developer with African portfolio of strategic metals and agri-mineral projects comprising Tungsten, Lithium, Manganese and Potash



  • RHA Project located in Hwange Area, Zimbabwe, approximately 270km northwest of provincial capital of Bulawayo, covering 226 hectares

  • Project advanced from exploration to producing tungsten mining operation, with US$18m invested to date

  • 2015 Implementation Study forecast 22 month life of mine, producing 96ktpa ore at a price of $28.80 / kg Wo3  in concentrate

  • Most recent monthly target throughput  of up to 6,500t ROM ore from underground mine and tailings facility, producing anticipated >3,000 mtu tungsten trioxide per month

  • Upside potential with underground indicated and inferred resource of 1.325Mt at 4.72kg/t WO3

  • 51% owned by National Indigenisation and Economic Empowerment Fund, which has funded electrification of RHA


Share Price


  • Zulu Lithium and Tantalum Project covers 3.5km2, situated 80km east of Bulawayo

  • Attractive economics with 15 year mine life:

  • US$127.3m NPV10 and 85.9% IRR for Concentrate Sales option, with US$64m capital costs

  • US$718.9m NPV10 and 80.4% IRR for Lithium Carbonate Plant option, with US$238m initial capital cost

  • Exploration target of 60-80mt in main zone, with on-going drill intersections in New Zone indicating substantial upside potential

  • Exclusive Prospecting Order for larger tenements currently under application

  • Spodumene and petalite flotation processes contain very low iron oxide concentrations (~0.01%), allowing for potential high-quality, low iron feldspar and quartz as by-product for glass and cermics applications


  • 10% interest in MN Holdings, which operates the wholly-owned Otkozondu Manganese mine located 150km northeast from Windhoek

  • Plant currently producing 5kt per month, targeting increase to 38kt per month with an annualised production of 500kt generating approximately US$35m based on Mn price of US4/mtu