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REG - Premier African Min. - Zulu Lithium Plant Update

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RNS Number : 9771P Premier African Minerals Limited 07 July 2025  

7 July 2025

Premier African Minerals Limited

Zulu Lithium Plant Update

Premier African Minerals Limited ("Premier" or the "Company") is pleased to provide this update on the plant status and flotation plant test run at Zulu Lithium and Tantalum ("Zulu") following the installation of spodumene float section inserts. As previously announced, the purpose of the installation and commissioning of the inserts is to reduce the retention time of concentrates in the cleaner section of the original float plant and in so doing, improve grade and recovery (full details of which were announced on 17 October 2024).

Highlights

Ø

Installation of spodumene float section inserts complete.

Ø

Plant restarted on 6 July 2025.

George Roach, CEO, commented; "Thanks to the outstanding support we have received from each of the OEM suppliers associated with all the plant components from the mill to final floatation, we have been able to restart the plant late afternoon on 6 July 2025.

The plant has run with limited feed to allow for checks on the operation of each of the plant components and process integration up to the spodumene cleaner cell inserts that will be brought into the process today once sealants have hardened.

All being well, ore from the ROM pad will be fed from today and commissioning and optimisation of the Primary Spodumene Floatation Plant will follow.

Preliminary results and progress updates at Zulu will follow once they become available and have been properly validated."

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.

Enquiries:

George Roach

Premier African Minerals Limited

Tel: +27 (0) 100 201 281

Michael Cornish / Roland Cornish

Beaumont Cornish Limited

(Nominated Adviser)

Tel: +44 (0) 20 7628 3396

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

"ROM"

Run-of-mine.

"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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