REG - Premier African Min. - Zulu Update

Premier African MineralsAnnouncement

23/08/2023 07:45

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RNS Number : 1951K  Premier African Minerals Limited  23 August 2023

For immediate release

23 August 2023

Premier African Minerals Limited

Zulu Update

 

Premier African Minerals Limited ("Premier" or the "Company"), is pleased to
provide a further update on the Zulu Lithium and Tantalum Project ("Zulu")
with particular reference to installation of the interim milling solution and
concentrate grades.

Spodumene Concentrate Grade

The Board of Premier continues to expect that the Zulu plant will produce
spodumene to the specification required by the Company's offtake partner.

 

Test work on Zulu was previously completed by Dorfner Anzaplan GmbH
("Dorfner"), a leading authority in the field of lithium and speciality
minerals processing and treatment, and the results were notified on 16 June
2017. Dorfner reported that the rougher (spodumene) concentrate was upgraded
in one cleaner stage to a concentrate with 6.5 wt.-% Li2O at 81.8wt.-%
recovery.

 

Geolabs Global Pty Ltd ("Geolabs") have undertaken further floatation test
work on material from Zulu this Summer. The spodumene rougher concentrate
obtained from mica tailings at a grind size of p80 150 pm was subjected to a
four-stage cleaner test. As a result, Geolabs have reported that a spodumene
concentrate with a chemical grade of 6.56% Li2O, 0.26% K2O, 0.47% Na2O, and
2.31% Fe(2)O(3) was achieved, along with an overall spodumene recovery of
approximately 81%.

 

Geolabs further reported that based on the results, it may be worth testing
magnetic separation on the final spodumene concentrate to reduce the Fe(2)O(3)
and meet the desired specifications. The plant at Zulu includes magnetic
separation.

 

RHA Mill Installation

The planned relocation of the RHA mill to Zulu is an interim mitigation step.
To date, the mill has been decommissioned at RHA and transported to the Zulu
site and is under installation at present. Completion of civils and final
assembly is underway, with installation of other feed and discharge
components, pumps, control circuitry and grinding media charge all expected to
be complete in the coming month when commissioning is planned to commence.

 

Stark have estimated that this interim step should result in sufficient
correctly sized material feeding to the floatation circuit to achieve close to
50% of design capacity. On this basis the Company expects that new target
production levels should be attainable by November 2023.

 

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.

 

A copy of this announcement is available at the Company's website,
www.premierafricanminerals.com.

 

About Geolabs

Geolabs Global is a leading provider of mineral processing solutions for the
mining and minerals industry, see https://www.geolabsglobal.com/
(https://www.geolabsglobal.com/) .

 

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)
 Douglas Crippen                     CMC Markets UK Plc                  Tel: +44 (0) 20 3003 8632
 Toby Gibbs/Rachel Goldstein         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.

 

 Glossary
 "Fe(2)O(3)"            Is the chemical formula of iron oxide.
 "Floatation circuits"  Flotation circuits are a common technology for the concentration of a broad
                        range of minerals. Froth flotation is based on differences in the ability of
                        air bubbles to adhere to specific mineral surfaces in a solid/liquid slurry.
 "Li2O"                 chemical formula of lithium oxide.
 "Micas"                Micas are a group of silicate minerals whose outstanding physical
                        characteristic is that individual mica crystals can easily be split into
                        extremely thin elastic plates.
 "SC6"                  An important economic concentrate of spodumene, known as spodumene concentrate
                        6 or SC6, is a high-purity lithium ore with approximately 6 percent lithium
                        content being produced as a raw material for the subsequent production of
                        lithium-ion batteries.
 "Spodumene"            A white to pink coloured lithium bearing mineral (LiAlSi2O6).
 "Stark"                The Zulu design, procurement, installation, and commissioning contractor,
                        Stark International Projects Limited.
 "wt.-%"                is weight percent.

 

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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