REG - Premier African Min - Appointment of Chief Operating Officer

Premier African MineralsAnnouncement

10/01/2022 17:05

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RNS Number : 9760X  Premier African Minerals Limited  10 January 2022

10 January 2022

Premier African Minerals Limited

 

Appointment of Chief Operating Officer

 

Premier African Minerals Limited ("Premier" or the "Company") is pleased to
announce the appointment of Mr. Errico Vascotto as Chief Operating Officer
with immediate effect.

Errico is an accomplished and qualified Mining Engineer with extensive project
management, mine development and mine management experience. He has wide
multinational experience in Africa and South America.

Errico joins the Company as non-board Chief Operating Officer.

George Roach, CEO commented," We are delighted to welcome Errico to the team.
His experience in project management and mine development will be invaluable
and I expect to see early benefits in regard to progress on our Definitive
Feasibility Study at Zulu Lithium and Tantalum Project, and the possible
return to production at RHA Tungsten.

Errico's direct mine management experience coupled with Premier
entrepreneurial approach promises an exciting and positive start to 2022".

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.

Forward Looking Statements:

Certain statements in this announcement are or may be deemed to be forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'' ''could'' "should" ''envisage''
''estimate'' ''intend'' ''may'' ''plan'' ''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 reflect 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 holds 5,010,333 shares in
Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia,
which has the potential to be a world class asset. This holding represents
4,8% of Circum shares in issue.

 

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 / Roland Cornish    Beaumont Cornish Limited            Tel: +44 (0) 20 7628 3396

                                     (Nominated Adviser)
 John More/Toby Gibbs                Shore Capital Stockbrokers Limited  Tel: +44 (0) 20 7408 4090
 Matthew Bonner                      EAS Advisors LLC                    Tel: +1 646 495 2225

 

Ends

 

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