Share Name Share Symbol Market Type Share ISIN Share Description
Premier African Minerals Limited LSE:PREM London Ordinary Share VGG7223M1005 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0025 -1.82% 0.135 0.13 0.14 0.1425 0.1325 0.1375 180,781,019 16:12:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -6.1 -0.1 - 11

Premier African Minerals Limited Zulu Update

02/10/2019 7:00am

UK Regulatory (RNS & others)


Premier African Minerals (LSE:PREM)
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2 Months : From Sep 2019 to Nov 2019

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TIDMPREM

RNS Number : 4296O

Premier African Minerals Limited

02 October 2019

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

For immediate release

2 October 2019

Premier African Minerals Limited

Zulu Update

Premier African Minerals Limited ("Premier" or the "Company") notes the recent comments in a number of Zimbabwean online news sites relating to the current status of the exclusive prospecting order application ("EPO") made by the Company's for its wholly-owned Zulu Lithium and Tantalum Project ("Zulu").

The Company continues to work closely with the Zimbabwean Mining Affairs Board ("Board") to progress its EPO and the Company is encouraged following a meeting yesterday attended by George Roach and the Board.

The Company will notify the market as and when the Company receives written communication pertaining to the status of Zulu's EPO application.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged the release of this announcement on behalf of the Company was George Roach.

Enquiries:

 
                      Premier African Minerals    Tel: +44 (0)7734 
 Fuad Sillem                   Limited                      922074 
 Michael Cornish /    Beaumont Cornish Limited     Tel: +44 (0) 20 
  Roland Cornish         (Nominated Adviser)             7628 3396 
                    ---------------------------  ----------------- 
 Jerry Keen/Edward   Shore Capital Stockbrokers    Tel: +44 (0) 20 
  Mansfield                    Limited                   7408 4090 
                    ---------------------------  ----------------- 
 

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 and Zulu projects in Zimbabwe.

The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe, encompassing brownfield projects with near-term production potential to grass-roots exploration. In addition, the Company holds 5,010,333 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.

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. Many 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.

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

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 02, 2019 02:00 ET (06:00 GMT)

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