REG - Premier African Min - Zulu Pilot Plant Update

Premier African MineralsAnnouncement

21/02/2023 13:00

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RNS Number : 6005Q  Premier African Minerals Limited  21 February 2023

21 February 2023

Premier African Minerals Limited

 

Zulu Pilot Plant Update

 

Premier African Minerals Limited ("Premier" or the "Company"), is pleased to
provide this update on progress and developments at Premier's Zulu Lithium and
Tantalum Project ("Zulu").

George Roach, CEO commented, "We are in the home stretch in terms of final
plant assembly and commissioning, and we remain on track to produce spodumene
concentrate (SC6) this Q1 as planned.

 

The major components of final assembly and commissioning are set out below and
I provide a status report.

 

 ·         Floatation circuits. All major structures, tanks, associated civils are
           complete and pipework, electrical and pneumatic connections are now being
           assembled.

 ·         Crush, sorting, screening, and milling. With the exception of the secondary
           crushing circuit, that is expected this week, all major components are
           installed and ready for power up.

 ·         Water supply. Main storage dam is at 10 meters and already contains sufficient
           water for ongoing operations.

 ·         Generators and electrical motor control centres are on route and will be
           installed immediately on arrival from Johannesburg.

 ·         Mining operations. Pit clearing and exposure of the ore body is underway.

 

Major earthworks including tailings facility are well advanced and are not
expected to cause any delay at this time. A particularly wet season has not
helped but what has been achieved despite this and numerous difficulties
associated with logistics, borders, ongoing relocations, inter alia is quite
remarkable. In July 2022 this was nothing but bush, today we have a mine.

 

I expect more significant assay results in the coming weeks and look forward
to reporting on our first production."

 

Video of plant layout in situ at Zulu:

 

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

 

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

 

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

 
Ends

 

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