REG - Premier African Min. - Operational Update

Premier African MineralsAnnouncement

26/05/2026 12:00

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RNS Number : 7300F  Premier African Minerals Limited  26 May 2026

26 May 2026

Premier African Minerals Limited

 

Operational Update

Premier African Minerals Limited ("Premier" or the "Company") is pleased to
provide a further interim update on the ongoing progress at the Zulu Lithium
and Tantalum Project ("Zulu Lithium").

Graham Hill, Managing Director, commented: "We remain firmly focused on
progressing commissioning activities in a methodical and disciplined manner at
the new Zulu Lithium flotation plant and associated processing circuits,
ensuring that, prior to the commencement of final hot commissioning, the
Company has appropriately prepared for, planned, and considered all
operational scenarios that could reasonably be anticipated.

Following the successful completion of several tests during cold, (wet),
commissioning the hot commissioning of the plant has started on ore. Hot
commissioning from the crushing plant to the mill and to the mica flotation
plant has now been successfully completed. What remains is the hot
commissioning of the new spodumene flotation plant and the production of
saleable concentrate. The Zulu team are currently working on final planning
with the Xinhai Technology commissioning and optimisation engineers in order
to achieve this. This has been a significant achievement by the Zulu
engineering and processing team of whom we can all be proud.

Progress to date continues to support the Company's previously provided
guidance that completion of the current commissioning programme remains on
track for the Q2 2026 completion timeline."

Zulu Lithium Operational Update

The Company is pleased to confirm that the mining contractor is ready to
mobilise additional mining equipment in order to meet the anticipated ore feed
demand requirements associated with planned plant operations.

 

Installation and testing of the final major mechanical equipment associated
with the new spodumene flotation plant, being the plant air blower system, has
been completed successfully. The Company has also continued wet commissioning
activities across both the new and existing flotation plant, with water
circulated continuously through the process circuits during extended
operational testing in order to confirm plant flow rates and identify and
rectify any potential problems.

 

The plant Supervisory Control and Data Acquisition control system has also now
been successfully re-commissioned and integrated with the modified flotation
plant configuration. The Company has additionally continued progressing
commissioning activities associated with ore handling and processing systems.
Hot commissioning of the plant, on ore, has now progressed to include the
milling circuit and the mica flotation section. Planning for hot commissioning
of the new spodumene flotation section is well advanced and the Xinhai
Technology commissioning and optimisation engineers are now on site as part of
this final phase of getting Zulu into production.

 

Market Abuse Regulations

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 ("UK MAR").

The person who arranged the release of this announcement on behalf of the
Company was Graham Hill.

 

A copy of this announcement is available at the Company's
website, www.premierafricanminerals.com
(https://url.avanan.click/v2/r02/___http:/www.premierafricanminerals.com/___.YXAxZTpzaG9yZWNhcDphOm86NDU5OGU0ZDgzYTJhOTIyZjliOTk4ODJkZWFmNTJlZTg6NzphYTg0Ojc2YzFhOGFhN2NmNjk2OWY1NzlkYTNjNGExM2ExZGI0YjBlNDMyYWVlZjg2ZTAxZmQ2NTc0OTRjODZiMzE5MDY6cDpUOk4)
.

 

Enquiries:

 

 Graham Hill                         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)
 Douglas Crippen                     CMC Markets UK Plc                  Tel: +44 (0) 20 3003 8632
 Toby Gibbs/Harry Davies-Ball        Shore Capital Stockbrokers Limited  Tel: +44 (0) 20 7408 4090

 

Nominated Adviser Statement

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is
acting as nominated adviser to the Company in connection with this
announcement and will not regard any other person as its client and will not
be responsible to anyone else for providing the protections afforded to the
clients of Beaumont Cornish or for providing advice in relation to such
proposals. Beaumont Cornish has not authorised the contents of, or any part
of, this document and no liability whatsoever is accepted by Beaumont Cornish
for the accuracy of any information, or opinions contained in this document or
for the omission of any information. Beaumont Cornish as nominated adviser to
the Company owes certain responsibilities to the London Stock Exchange which
are not owed to the Company, the Directors, Shareholders, or any other person.

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 encompassing brownfield
projects with near-term production potential to grass-roots exploration.

 

Ends

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