REG - Premier African Min - Appointment of Director

Premier African MineralsAnnouncement

14/04/2022 07:16

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RNS Number : 3428I  Premier African Minerals Limited  14 April 2022

14 April 2022

Premier African Minerals Limited

 

Appointment of Director

Premier African Minerals Limited ("Premier" or the "Company"), pleased to
confirm the appointment of Dr Luo Wei as Non-Executive Director of the Company
with immediate effect.

 

Dr Luo Wei, aged 45, is a geologist with 23 years of experience who has worked
in senior engineer positions for the past 12 years in a variety of locations.
He has experience in the discovery and exploration of precious, nonferrous and
base metal mineral resources internationally, including the DRC, Republic of
Congo, Nigeria, Pakistan, South-East Asia and China. Dr Luo Wei has a PhD. in
Geology from the Central South University of Changsha, China and is currently
Director (non-board) of Mineral Resources at Yibin Tianyi Lithium Technology
Innovation Co., Ltd.

As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for
Companies, Dr Luo Wei has held the following directorships and/or partnerships
in the past five years:

 Current directorships and/or partnerships  Past directorships and/or partnerships

 n.a.                                       Sinotech of Changsha Minerals Exploration Co Ltd

 

Dr Luo Wei has been nominated a director of the Company by Suzhou TA&A
Ultra Clean Technology Co., Ltd. ("Suzhou TA&A") which has the right,
pursuant to the recently completed subscription, to appoint one director to
serve on the boards of Premier, Zulu Lithium Mauritius Limited, and Zulu
Lithium Private limited. Suzhou TA&A has an interest of 13.38% in the
issued share capital of the Company. Dr Luo Wei holds no ordinary shares in
the Company.

 

There is no further information on Dr Luo Wei required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies.

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.

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

 

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 accepted a share offer
by Vortex Limited ("Vortex") for the exchange of Premier's entire 4.8 per cent
interest in Circum Minerals Limited ("Circum"), the owners of the Danakil
Potash Project in Ethiopia, for a 13.1 per cent interest in the enlarged share
capital of Vortex. Vortex has an interest of 36.7 per cent in Circum.

 

In addition, the Company holds a 19 per cent interest in MN Holdings Limited,
the operator of the Otjozondu Manganese Mining Project in Namibia.

Ends

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