REG - Premier African Min. - Zulu Lithium Plant Update

Premier African MineralsAnnouncement

30/10/2025 11:00

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RNS Number : 5190F  Premier African Minerals Limited  30 October 2025

30 October 2025

Premier African Minerals Limited

 

Zulu Lithium Plant Update

Premier African Minerals Limited ("Premier" or the "Company") is pleased to
provide a further update on the plant status at the Zulu Lithium and Tantalum
Project ("Zulu") following the comprehensive operational update provided under
the explanatory notes to the resolutions being proposed at the General Meeting
of Shareholders as announced on 15 October 2025.

 

Zulu Plant

 

An engineering audit team have just completed their work on site conducting a
comprehensive technical audit, focused on pumping and pipeline performance as
well as water and mass balance assessments. The team is expected to complete a
high-level interim engineering audit report ("Report") in the next few days
and a full report within the coming week or so. This Report will cover the
entire plant, including those elements that may be utilised for the secondary
plant configuration, and will provide observations and recommendations
concerning the current flotation plant.

 

The results of the Report, together with the outcome of current ongoing
commercial discussions with the Company's prepayment and offtake partner over
their arrangements with Premier, are expected to have a material bearing on
the Company's assessment of the current flotation plant having the short term
potential, as reported previously, to meet its operational objectives of
achieving sustainable commercial production at both the required grade and
tonnage.

 

The Company remains confident that, given adequate time and resources, the
current flotation plant will achieve its planned design capacity. However,
following a recent assessment of available financial resources since the
announcement of the General Meeting and a comprehensive analysis, the Company
has now determined that it is in the Company's best interests to immediately
 acquire, install and commission the 15-20 TPH flotation cell plant
manufactured by Xinhai Technology Processing EPC, currently located in Harare,
Zimbabwe (the "Secondary Flotation Plant"). The metallurgical recovery process
employed by the Secondary Flotation Plant is technically straightforward and
has been successfully applied to ore of a similar composition to that of Zulu
at other operations within Zimbabwe. The current flotation plant would be
supplemented by the Secondary Flotation Plant and provide the opportunity to
increase future operational performance by increasing the original design
capacity of the entire Zulu plant. The planned timing for the Secondary
Flotation Plant availability will be finalised in due course.

Graham Hill, Managing Director, commented: "We have recently reported on the
engineering audit that is currently ongoing. The intention of the audit is to
look into all those parts of the process plant that connect all of the major
plant equipment. My conviction has been that in order to achieve stable and
consistent operations, all parts of the plant need to be balanced in terms of
mass and water flows. This is true for the existing flotation plant as well as
for the Secondary Flotation Plant. The audit will also be making suggestions
and comments as far as the existing flotation plant is concerned. Current
comments discussed show that the audit team are coming up with practical
suggestions based on professional engineering assessments.

With the recent changes to the current plant and with recommendations for
improvement  for stable operation, we remain hopeful that the current plant
can achieve pre-production readiness and with that in mind the Secondary
Flotation Plant installation and commissioning would be supplementary, but it
is felt that being able to quickly bring the Secondary Flotation Plant to
pre-production readiness provides the best opportunity for making the existing
plant fully production ready and able to provide production benefits.

When I joined Premier, I advised that it would take me until the end of
September to make a decision with regards to the Secondary Flotation Plant and
subsequently, negotiations have been ongoing during October for the provision
of the operating Secondary Flotation Plant. Ultimately it provides further
assurances with regards to achieving earliest commercial production and gives
the possibility of increased production by using both flotation plants
simultaneously."

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 and lithium and gold
in Mozambique, encompassing brownfield projects with near-term production
potential to grass-roots exploration.

 

Ends

 

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