Premier African Minerals Limited Zulu Lithium Update (1961N)
21 September 2023 - 9:00AM
UK Regulatory
TIDMPREM
RNS Number : 1961N
Premier African Minerals Limited
21 September 2023
21 September 2023
Premier African Minerals Limited
Zulu Lithium Update
Premier African Minerals Limited ("Premier" or the "Company"),
is pleased to report on the progress of the installation and
commissioning of the RHA Ball Mill ("Mill") at Premier's Zulu
Lithium and Tantalum Project ("Zulu").
George Roach, CEO, commented , " Subsequent to our update of 23
August 2023, I am pleased to confirm the completion of the
installation of the Mill including all necessary feeds and
discharge components, pumps, control circuitry and grinding media
requirements that is expected to support planned production of up
to 1,000 tons per month of spodumene from November 2023 at
Zulu.
The commissioning phase is now planned to commence from today
with first material expected to be fed through the Mill on Monday,
25 September 2023.
Open pit mining operations at Zulu are expected to resume next
week and while there is already substantial material on the
run-of-mine pad, it remains critical that the plant has sufficient
ore for current processing.
Further updates will follow in Premier's unaudited interim
results for the six months ended 30 June 2023 which will be
published on 29 September 2023 ."
Video of Mill circuit of Zulu plant:
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Market Abuse Regulation
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018.
The person who arranged the release of this announcement on
behalf of the Company was George Roach.
A copy of this announcement is available at the Company's
website, www.premierafricanminerals.com
Forward Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan"
"planned" "will" or the negative of those variations or comparable
expressions including references to assumptions. These
forward-looking statements are not based on historical facts but
rather on the Directors' current expectations and assumptions
regarding the Company's future growth results of operations
performance future capital and other expenditures (including the
amount. Nature and sources of funding thereof) competitive
advantages business prospects and opportunities. Such forward
looking statements re ect the Directors' current beliefs and
assumptions and are based on information currently available to the
Directors. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking
statements including risks associated with vulnerability to general
economic and business conditions competition environmental and
other regulatory changes actions by governmental authorities the
availability of capital markets reliance on key personnel uninsured
and underinsured losses and other factors many of which are beyond
the control of the Company. Although any forward-looking statements
contained in this announcement are based upon what the Directors
believe to be reasonable assumptions. The Company cannot assure
investors that actual results will be consistent with such forward
looking statements.
Notes to Editors:
Premier African Minerals Limited (AIM: PREM) is a
multi-commodity mining and natural resource development company
focused on Southern Africa with its RHA Tungsten and Zulu Lithium
projects in Zimbabwe.
The Company has a diverse portfolio of projects, which include
tungsten, rare earth elements, lithium and tantalum in Zimbabwe and
lithium and gold in Mozambique, encompassing brownfield projects
with near-term production potential to grass-roots exploration. The
Company has a ccepted a share offer by Vortex Limited ("Vortex")
for the exchange of Premier's entire 4.8% interest in Circum
Minerals Limited ("Circum"), the owners of the Danakil Potash
Project in Ethiopia, for a 13.1% interest in the enlarged share
capital of Vortex. Vortex has an interest of 36.7% in Circum .
In addition, the Company holds a 19% interest in MN Holdings
Limited, the operator of the Otjozondu Manganese Mining Project in
Namibia.
Enquiries:
George Roach Premier African Minerals
Limited Tel: +27 (0) 100 201 281
Michael Cornish / Beaumont Cornish Limited
Roland Cornish (Nominated Adviser) Tel: +44 (0) 20 7628 3396
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Douglas Crippen CMC Markets UK Plc Tel: +44 (0) 20 3003 8632
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Toby Gibbs/Rachel Shore Capital Stockbrokers
Goldstein Limited Tel: +44 (0) 20 7408 4090
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Ends
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