Premier African Minerals Limited Lifting of Suspension (7792K)

TIDMPREM

RNS Number : 7792K

Premier African Minerals Limited

12 July 2017

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

For immediate release

12 July 2017

Premier African Minerals Limited

("Premier" or the "Company")

Lifting of Suspension

Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, is pleased to announce that it has posted its Annual Accounts for the year ended 31 December 2016 ("Accounts") to shareholders which are also available on its website www.premierafricanminerals.com. Following publication of the Accounts, trading in the Company's shares has re-commenced from 7:30am today.

Enquiries

 
                     Premier African Minerals     Tel: [phone] 
 Fuad Sillem          Limited                      922074 
------------------  ---------------------------  ------------------ 
 Michael Cornish     Beaumont Cornish             Tel: +44 (0) 207 
  / Roland Cornish    Limited                      628 3396 
                      (Nominated Adviser) 
------------------  ---------------------------  ------------------ 
 Jerry Keen/Edward   Shore Capital Stockbrokers   Tel: +44 (0) 207 
  Mansfield           Limited                      408 4090 
------------------  ---------------------------  ------------------ 
                     Beaufort Securities          Tel: +44 (0) 20 
 Jon Belliss          Limited                      7382 8300 
------------------  ---------------------------  ------------------ 
 Charles Goodwin/    Yellow Jersey PR             Tel: [phone] 
  Harriet Jackson     Limited                      788221 
------------------  ---------------------------  ------------------ 
 

Notes to Editors:

Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused in Southern and Western Africa with production started at its flagship RHA project in Zimbabwe.

The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, gold, lithium and tantalum in Zimbabwe and Benin, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company recently acquired a 52% controlling stake in Mozambique-based TCT Industrias Florestais Limitada, which owns a substantial limestone deposit and forestry business located on rail in the Sofala Province of Mozambique. In addition, the Company holds 2 million shares in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset. At present those shares are valued at US$4 million based on the latest price at which Circum has accepted subscriptions. Premier also has a 4.5% interest in Casa Mining Limited, a privately-owned exploration company that has a 71.25% interest in the 1.2 million ounce inferred resource Akyanga gold deposit in the DRC.

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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July 12, 2017 02:30 ET (06:30 GMT)