Recently, most of the tungsten ore held cargo businesses in a wait state, some businesses may still leave, for the time being has not yet returned to the market. APT appears to rise slightly, the Tungsten iron quotations difference is slightly larger, up to 178,000 yuan / ton.

So, after the Chinese New Year Tungsten market performance stable and poised, the prices of some products are exploration up the signs, Tungsten raw materials market is affected by the weather affect the return to work is not easy, the middle and lower reaches of enterprises increased exercise alone but poor turnover.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

 

LONDON-LISTED commodity firm Premier African Minerals has revealed that its flagship tungsten project in Zimbabwe could be in production before the end of this year.

Releasing a positive exploration update from the project ‒ which is located in the prospective Kamativi tin belt in north-west Zimbabwe ‒ the company confirmed that it had the potential to be developed into a low capital and operating cost tungsten mine in the near term.

Tungsten is used to make hard materials such as equipment used in the armaments, mining, petroleum and construction industries, as well as to make heavy metal alloys, steels and other chemical compounds.

Premier CEO George Roach said: “Given the availability of water and power at our RHA property, and the relative simplicity of the required processing plant, we believe that we will be able to commence development with a view to production potentially before the end of 2013.”

He said Premier African Minerals was planning to carry out further surface trenching and said sampling was scheduled to be undertaken before the end of March. This would be undertaken to ascertain and confirm the mineral surface location and establish other details.

Apart from its Zimbabwe expansion through the planned tungsten mine, Premier African Minerals reported last month that three of its Southern Togo exploration permits for a project covering phosphates, uranium and rare earth mineral deposits had been renewed another two years.

“On a wider level, we continue to implement our business strategy of building shareholder value through strategic, cost-effective acquisitions and joint-venture partnerships, while advancing our multi-commodity portfolio that already consists of preproduction assets and early-stage exploration projects, primarily in Zimbabwe and Togo,” Roach said.

Zimbabwe is considered a lucrative destination for mining investors despite concerns around the country’s empowerment policy, which compels foreign firms to cede 51 percent shareholding to locals.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Premier African Minerals (LON:PAM) is confident its flagship RHA tungsten project is ripe for development after a positive exploration update.

Sampling confirmed significant tungsten oxide values, with the best values being: hole DD003 – weighted average of 0.46% WO3 (tungsten trioxide) over a 15 metre intersection width; DD004 – weighted average 0.65% WO3 over six metres; DD006 – weighted average 1.33% WO3 over three metres.

Drilling has uncovered two, potentially three, previously unknown, well-mineralised quartz veins lying in the hanging wall of the existing lode system, the company added.Further low-cost surface trenching and sampling will be undertaken in the first quarter of 2013 to confirm the surface location and extent of the hanging wall lodes.

Premier's chief executive officer George Roach said: "This update has revealed significant tungsten mineralisation in the form of very coarse wolframite crystals hosted by quartz veins identified from drill hole intersections, and highlights the exceptional prospectivity of our RHA tungsten project.”

“The conceptual study will consider the possibility of early and low-cost production from the recently discovered outcropping mineralised quartz veins, and from existing tailings dams and dumps,” Roach said.

“Given the availability of water and power at our RHA property, and the relative simplicity of the required processing plant, we believe that we will be able to commence development with a view to production potentially before the end of 2013," Roach added.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

 

London, England---Premier African Minerals Limited ‒ the AIM-quoted multi-commodity natural resource company with mineral projects in West and Southern Africa ‒ says its flagship RHA tungsten project in Zimbabwe could be in production before the end of this year.

Releasing a positive exploration update from the project ‒ which is located in the prospective Kamativi tin belt in north-west Zimbabwe ‒ the company confirmed that it had the potential to be developed into a low capital and operating cost tungsten mine in the near term.

A 1,302m, five-hole diamond drilling programme undertaken at RHA, confirmed significant tungsten oxide values, and also uncovered two, potentially three, previously unknown, well mineralised quartz veins lying in the hanging wall of the existing lode system, the update revealed. Further detailed examination and sampling of the DD drill core had been completed, and the results were due this quarter

The update added that further low-cost surface trenching and sampling would be undertaken in Q1 of 2013 to confirm the surface location and extent of the hanging wall lodes. Release of a SAMREC-compliant resource remained on target for H1 of 2013.

3D Data-mine modelling was underway, and the completed model will be used as the basis for a concept mine technical and economic study targeted to commence at the end of this quarter.

Premier CEO George Roach said: “Given the availability of water and power at our RHA property, and the relative simplicity of the required processing plant, we believe that we will be able to commence development with a view to production potentially before the end of 2013.”

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com