REG - Premier African Min. - Operational Update Zulu Lithium

Premier African MineralsAnnouncement

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RNS Number : 9816X  Premier African Minerals Limited  25 March 2026

25 March 2026

Premier African Minerals Limited

 

Operational Update Zulu Lithium

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

 Highlights:
 ·             New flotation cells fully installed, aligned, levelled and connected under
               supervision of the manufacturer's installation engineer.

 ·             Product and tailings pumps installed on plinths.
 ·             Installation of launders underway with structural steelwork for walkways
               progressing well.
 ·             Piping crew mobilised with plant integration pipework now commencing.
 ·             Commissioning planning progressing with process engineering team mobilisation
               initiated.
 ·             Approximately 5,000 tonnes of ore available on ROM stockpile for early
               commissioning.
 ·             Commissioning and optimisation remain on track for Q2 2026.

Graham Hill, Managing Director, commented: "We are very encouraged by the
continued progress being made on site at Zulu Lithium. The installation of the
Xinhai Flotation Plant is advancing well and, importantly, in line with our
planned timeline. The level of coordination between our on-site team and the
manufacturer's engineer has been particularly pleasing and gives the Board
confidence as we move towards the commissioning phase.

It is also positive to see the increasing levels of operational readiness,
including the mobilisation of the process engineering team and the
availability of ore on the ROM pad to support early commissioning activities,
utilising material already mined and at no additional mining cost to the
Company.

We remain focused on delivering commissioning and optimisation during Q2 and
moving the project towards steady-state production of spodumene concentrate.

We would also encourage shareholders to follow the Company's official account
on X (formerly Twitter), where we are providing regular photographic updates
of progress on site. These updates offer useful visual context to the
significant work currently underway at Zulu Lithium and reflect the momentum
being built".

Zulu Lithium Operational Update

Installation of the new flotation cells has been completed, with all units now
aligned, levelled and connected. This critical phase was undertaken under the
supervision of the manufacturer's installation engineer and is essential to
ensure effective gravity-driven material flow through the flotation circuit.
Following the delivery of materials for the fabrication of structural steel
walkways and flotation launders, on-site fabrication by the Zulu Lithium team
has progressed well. Installation of the launders is now underway, alongside
the erection of supporting steel structures for safe plant access.

The new pumps for both product and tailings streams have been successfully
installed on their respective plinths. In parallel, the piping team has
mobilised to site and commenced installation of the pipework required to
integrate the new flotation plant with existing infrastructure. The motor
control switchgear is currently being assembled off-site and will undergo
factory acceptance testing prior to delivery. Delivery to site remains on
schedule and is expected within the next two weeks.

Operational readiness activities are advancing, including the development of a
detailed commissioning plan and the mobilisation of the process engineering
team. Discussions are also ongoing with a mining contractor to support
appropriate mobilisation planning and ensure continuity of ore supply. The
Company currently holds approximately 5,000 tonnes of ore on the ROM
stockpile, which will be utilised during the initial commissioning phase, with
additional ore to be supplied thereafter.

Commissioning and optimisation during Q 2 2026 remain the target, with the aim
of achieving steady-state production of on-spec spodumene concentrate.

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, https://premierafricanminerals.com/
(https://premierafricanminerals.com/) .

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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