REG - Premier African Min. - Zulu Lithium Plant Update

Premier African MineralsAnnouncement

Wed 07:00

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RNS Number : 9651V  Premier African Minerals Limited  20 August 2025

20 August 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 announcement on 8 August 2025.

 

Zulu Plant

 

Primary Flotation Plant

 

The second phase of the OEM plant test run has now been completed with
positive outcomes to the extent that the plant is now able to run continuously
as intended and is now commissioned such that all plant components operate and
are integrated and automated to support the ongoing optimisation necessary to
continuously meet saleable concentrate grade. Both the OEM and Zulu are
satisfied with the significant progress made.

 

Saleable concentrate requires a spodumene concentrate with more than 5% Li2O
("Saleable Concentrate"). The plant at Zulu has achieved Saleable Concentrate
on numerous occasions with grades up to 6,2% Li2O, and the result of ongoing
optimisation is expected to be that this is achieved consistently.

 

While the operations of the Primary Flotation Plant will involve ongoing
optimisation as would normally be expected with any producing plant, we are
now reassured that the process has moved from a commissioning phase to that of
a refining and optimising phase as we now look forward to the growth and
operational chapter of Zulu.

 

Secondary Flotation Plant

 

After a review of the performance of the Test Run and the fact that some
operating parameters have changed since the test work done last year on the
secondary floatation plant, the board have elected to postpone this purchase
to allow our newly appointed managing director to fully assess the rationale
and benefits of proceeding with this.

 

Prepayment and Offtake Agreement

 

On the 23 April 2025 the Company announced that a non-binding letter of
interest had been concluded. The large trading house concerned has now
conducted a second site visit and has confirmed that the minimum requirements
for their purchase of spodumene is Saleable Concentrate. Further updates will
follow.

George Roach, CEO commented, "We are pleased with the progress made so far and
remain focused on advancing Zulu from its current early stage to the
diversified industrial minerals producer we believe it can become. The recent
rise in spodumene pricing is encouraging, with the potential to transition
Zulu from its current position to sustained profitability. Achieving full
optimisation and settling outstanding debt will involve securing additional
funding and continuing to apply strong, strategic management.

In this regard, the negotiations outlined in the letter of intent will be
important and pivotal. These are expected to commence in the immediate future
and we will update accordingly."

 

ENPROTEC

 

ENPROTEC involvement in Zulu was originally under the engagement and direction
of Stark. Following Zulu's engineering team taking over as the operator of the
Zulu plant, ENPROTEC agreed to provide such support as requested by Zulu as
may be required in the continuing optimisation, remedy and improvement of the
Stark designed plant.

 

 

ENPROTEC is a Multi-disciplinary Engineering Applications Group that Offers
End-to-end Solutions to the Mining & Mineral Processing Industry. ENPROTEC
aim to extract ore optimally and derive tangible value for its clients from
their operations while eliminating environmental risks. ENPROTEC is a global
partner in the mineral processing industry, offering a diverse range of
solutions and technologies.

 

ENPROTEC have reviewed and approved this release to the extent that reference
is made that the Zulu plant has now moved from a commissioning phase to that
of a refining and optimising phase.

 

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 George Roach.

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:

 

 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/ Harry Davies-Ball       Shore Capital Stockbrokers Limited  Tel: +44 (0) 20 7408 4090
 Andrew Monk / Andrew Raca           VSA Capital Limited                 Tel: +44 (0)20 3005 5000

 

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.

 Glossary
 "Li2O"  Lithium Oxide (Lithia) - an inorganic lithium compound used to assess lithium
         minerals.
 "OEM"   Original Equipment Suppliers.

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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