Premier African Minerals Share Discussion Threads

[peteark] 01/8/2017 07:45

Nothing new

Must have missed this part

possibility of a separate listing for Zulu Lithium.

[dmitribollokov] 01/8/2017 07:43

Sure - i'm just watching out for the uninitiated and easily led. Don't like seeing people getting mugged. Seen it too many times. There are other much less risky lithium plays out there...

[oakville] 01/8/2017 07:41

Dmitri, you move on now then.....let us buyers and believers take over from here.

[ny boy] 01/8/2017 07:38

Agree peteark, those pesky MM's know when to shake out the weak,margin traders and line their pockets.

Sooner or later these will be comfortably rising above 1p

If you buy, pay for the stock and hold, you don't mind early stage penny stock volatility, it is to be expected.

[jungmana] 01/8/2017 07:34

Dmitiri - I have no time do fools. Just happy to see the seal of approval for Zulu for the top man himself; Don Hains.Big mining companies pay millions for that man's advice.

[bittorrent] 01/8/2017 07:34

Don Hains is President of Hains Engineering and Principal of Hains Technology Associates. He is an industrial minerals geology, mineral economics and marketing specialist with more than 30 years of experience in exploration, development, use and analysis of industrial minerals properties and materials. He has held product research and business development responsibilities with Fiberglas Canada Inc. and Domtar Construction Materials, and has been consulting in the field of industrial minerals markets and economics for the past 25 years. His experience encompasses most of the industrial minerals and specialty metals. Don is a registered geoscientist in Ontario. He earned his undergraduate degree from Queen's University in Kingston, Ontario and holds an MBA from Dalhousie University, Halifax, Nova Scotia. Don is the author or co-author of the CIM Best Practice Guidelines for Estimation of Mineral Resources and Mineral Reserves for Industrial Minerals and Best Practice Guidelines for Estimation of Resources and Reserves for Lithium Brines. These Best Practice Guidelines are available on the CIM website at www.cim.org

[peteark] 01/8/2017 07:34

UKOG is priced on potential, no oil out of the ground yet

PREM is a steal in comparison

[pauliewonder] 01/8/2017 07:29

Might pick up some more this morning depends on what price I can get them at. Well done to those that held. Still same business.

[mike_f] 01/8/2017 07:28

Great news this morning. A (well respected) 3rd party confirming how significant Zulu is as a resource. Look forward to further assays over the coming weeks and the completion of the PEA. 3/4 months might seem a long time to some on AIM however if you are being lured by a 4 bagger+ which is very possible if we are creating further value then that's really not long to wait... stop chasing rainbows and sit tight. GLA

[dmitribollokov] 01/8/2017 07:26

So barclays and old mut have significant business in zimbabwe? Their interests there are barely rounding errors in the scheme of their global operations, if they disappeared, it would barely register in the share price; that is not the case here. You are deluded.

[joshondale] 01/8/2017 07:25

Wow...been watching these for a couple of weeks....put my iPad down last night feeling smug for not investing....will be the first trade of the day if Barclays let me...

[ny boy] 01/8/2017 07:25

Humongous would be an understatement, nice bear trap yesterday!

[theoriginalyoda] 01/8/2017 07:22

SUPER GIANT discovery.

That's what we will be hearing over the coming weeks.

Zulu is one of the biggest Lithium discoveries in the world. This is MASSIVE.

Check out the Lithium price, demand is going through the roof. End users are seeking their own sources, PREM have SEVERAL suitors bidding as already advised. Just takes one to grab the bull by the horns and our MCAP will go from £26m today to over £200m ( on ZULU alone).

PREM is a massive buy

[billthebank] 01/8/2017 07:21

Separate listing for Zulu lithium? Well hadnt heard that before

[cathuk] 01/8/2017 07:18

Bulawayo / Zimbabwe officially has the largest natural resource deposits on the planet, problem is they are run by a loon.

[cathuk] 01/8/2017 07:17

A few people will regret throwing their shares away yesterday although I suppose if they get in first thing they may get lucky.

[cathuk] 01/8/2017 07:16

Look through the history books...the most ammount of natural minerals has always been in South Africa and Zimbabwe !

[jungmana] 01/8/2017 07:15

For Zulu to get the seal of approval from Don Hains is just great. All big lithium producers listen to that man and offers will be flooding in for this project. All we need now is do more work and PEA over next 3 months to get the best value realised.

[theoriginalyoda] 01/8/2017 07:13

Talk about 18% interest being no good..... It's a 7 month loan. That's why interest high. No warrants, straight cash.

Tells you what's going on in the back ground.

Adding value to Zim, massive JV to come with a free carry I reckon.

Circum will add similar

[pauliewonder] 01/8/2017 07:13

I believe we are now going to see a strategy of consistent and value enhancing news flow from PREM given their website update, twitter account activity and three items of news in 6 days. Let's get back up to 1p. Today's rns is more like it. World class asset, say it again, world class asset. You don't get that every day!

[jungmana] 01/8/2017 07:11

Dmitiri- you talk rubbish. I will just give you 2 examples; Barclays and old mutual. There few others more in ftse 100 and 250 but I will leave you to learn.

[oakville] 01/8/2017 07:08

I did say I was in for the Lithium ! Lol

[oakville] 01/8/2017 07:08

Zulu Lithium

Reference to the report has been approved by the author, Don Hains from Hains Engineering. Premier will also progress its review of strategic options for the development of Zulu and the options for unlocking value for the Company and its shareholders, including possible strategic partnerships and / or the possibility of a separate listing for Zulu Lithium.

[oakville] 01/8/2017 07:06

Premier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused in Southern Africa, is pleased to report the independent confirmation of the prospectivity and size potential of the Zulu Lithium and Tantalum Project ("Zulu") in Zimbabwe following a site visit by Don Hains from Hains Engineering Company Limited ("Hains Engineering"), an independent geological consulting group with significant experience in industrial minerals and lithium.

Highlights


-- Independent report on the Zulu Lithium and Tantalum Project
-- Significant additional tonnage potential within the Zulu claims
-- Good potential for additional pegmatites to be found
-- Zulu's geological potential is considerable
-- Regional potential for lithium mineralisation could be significant
George Roach, CEO commented: "I am pleased to see this independent confirmation of the potential of Zulu Lithium Project carried out by Don Hains, an acknowledged expert in industrial minerals. The Board believes that this study provides further vindication that we should look to maximise value from Zulu before reaching any final decision regarding the various ongoing strategic discussions at this time. We believe that the potential scale and size of Zulu is analogous to other world-class lithium enriched pegmatite deposits and hence Zulu has the potential to be a company-making asset."

Zulu Lithium

Reference to the report has been approved by the author, Don Hains from Hains Engineering. Premier will also progress its review of strategic options for the development of Zulu and the options for unlocking value for the Company and its shareholders, including possible strategic partnerships and / or the possibility of a separate listing for Zulu Lithium.

Premier released a maiden resource statement on the 6 June 2017, reporting a SAMREC compliant inferred mineral resource estimate for Zulu of 20.1 million tonnes @ 1.06 % Li2O and 51 ppm Ta2O5 using a cut-off grade of 0.5% Li2O, including 7,159,048 tonnes @1,5% Li2O.

The resource estimate contained 526,000 tonnes of lithium carbonate equivalent (LCE) and 1,025 tonnes of tantalum pentoxide. The maiden resource estimate covered only 35% of Zulu's known 3.5km surface strike length and drilling continues in order to potentially upgrade and expand the mineral resource estimate. Premier's resource target lies between 60-80 million tonnes; however, this does not include the recently discovered pegmatite zones on the east and southern parts of the licence.

Metallurgical test results from test-work conducted by German based Dorfner Anzaplan confirmed both in the projected commercial grades of concentrates, and the low iron content that offers additional markets not only for spodumene and petalite but also the potential for high grade feldspar and high purity quartz. Ongoing drilling at Zulu has yielded most encouraging mineralisation in the core and assay results are expected over the coming weeks. The assay results are likely to upgrade and expand the compliant resource.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

Forward Looking Statements:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi ed 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 re ect 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.