Premier African Minerals is Operating Continuously & Producing Sellable Spodumene Concentrate
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- čas přidán 7. 05. 2024
- Developments in the plant, particularly the introduction of an activator in the spodumene plant, have rapidly increased recovery rates to nearly 90%.
The current production rate is 50 tons per day of spodumene, with expectations to increase this rate through minor adjustments in the scrubbing circuit.
The plant is currently operating at 50% capacity with plans to increase to full design capacity soon.
CEO George Roach is currently in Harare to manage the export procedures necessary for shipping the product. The company anticipates generating revenue as soon as exports begin.
The company has a contractual obligation to supply spodumene to Canmax, which is prepared to purchase their output. The spodumene concentrate being produced meets market specifications and there is strong market demand.
There are plans further enhance various aspects of the production process, including upgrading the magnetic separation technology, replacing the ore sorters and adjusting the milling process.
Recent measurements indicate a higher spodumene grade in the mined ore than initially estimated, which confirms the quality of the mineral resource.
The immediate focus is on managing regulatory and procedural requirements to facilitate the export of the spodumene concentrate.
By Mark Fairbairn
Recorded 8/5/2024 - Zábava
Encouraging News.
Great report - Looks like Zulu is coming to fruition soon; end of May, early June to throughput amounts of sc6… We are now getting there that we have professional OEMs on site now!!! Great times ahead imho
Nice update, happy with that.
Not as bad as the other interviews he had ao far...let's hope things work oht well.
Thanks @NoRiskNoFun for sharing this with us ❤
This will age well ❤
Thanks Mark helpful as always 👍
Sellable, but clearly below the grade needed to fulfil the agreement with Canmax, so chances are will sell for less than operating costs. Manual sorting, iron particle contamination, grades as low as 4.3%. Still plenty to do, but a move in the right direction.
i can't believe a word he says he as lied so many times and knowingly misled shareholders
Market is not too happy with this news,
Time to re invest
The market has had so many let downs in the past year, we need to see 1st shipment to get any good traction to the MCAP going forward.
Sell what you got . Will be best indicator to market
This guy is a serial diluter
What a rubbish every month same talk only to let people's to invest and poor more money 😂😂😂😂😂