Premier African Minerals Limited Zulu Pilot Plant Update (6005Q)
22 February 2023 - 12:00AM
UK Regulatory
TIDMPREM
RNS Number : 6005Q
Premier African Minerals Limited
21 February 2023
21 February 2023
Premier African Minerals Limited
Zulu Pilot Plant Update
Premier African Minerals Limited ("Premier" or the "Company"),
is pleased to provide this update on progress and developments at
Premier's Zulu Lithium and Tantalum Project ("Zulu").
George Roach, CEO commented , "We are in the home stretch in
terms of final plant assembly and commissioning, and we remain on
track to produce spodumene concentrate (SC6) this Q1 as
planned.
The major components of final assembly and commissioning are set
out below and I provide a status report.
-- Floatation circuits. All major structures, tanks, associated
civils are complete and pipework, electrical and pneumatic
connections are now being assembled.
-- Crush, sorting, screening, and milling. With the exception
of the secondary crushing circuit, that is expected this
week, all major components are installed and ready for
power up.
-- Water supply. Main storage dam is at 10 meters and already
contains sufficient water for ongoing operations.
-- Generators and electrical motor control centres are on
route and will be installed immediately on arrival from
Johannesburg.
-- Mining operations. Pit clearing and exposure of the ore
body is underway.
Major earthworks including tailings facility are well advanced
and are not expected to cause any delay at this time. A
particularly wet season has not helped but what has been achieved
despite this and numerous difficulties associated with logistics,
borders, ongoing relocations, inter alia is quite remarkable. In
July 2022 this was nothing but bush, today we have a mine.
I expect more significant assay results in the coming weeks and
look forward to reporting on our first production."
Video of plant layout in situ at Zulu:
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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.
The person who arranged the release of this announcement on
behalf of the Company was George Roach.
Enquiries:
George Roach Premier African Minerals
Limited Tel: +27 (0) 100 201 281
Michael Cornish / Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish (Nominated Adviser)
--------------------------- --------------------------
John More/Toby Gibbs Shore Capital Stockbrokers
Limited Tel: +44 (0) 20 7408 4090
--------------------------- --------------------------
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.
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. The
Company has a ccepted a share offer by Vortex Limited ("Vortex")
for the exchange of Premier's entire 4.8% interest in Circum
Minerals Limited ("Circum"), the owners of the Danakil Potash
Project in Ethiopia, for a 13.1% interest in the enlarged share
capital of Vortex. Vortex has an interest of 36.7% in Circum .
In addition, the Company holds a 19% interest in MN Holdings
Limited, the operator of the Otjozondu Manganese Mining Project in
Namibia.
Ends
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