20 November 2024
Premier African Minerals
Limited
Appointment of Corporate
Adviser
Premier African Minerals
Limited ("Premier" or
the "Company"), is pleased
to announce that it has appointed VSA Capital Group plc
("VSA") as a corporate
adviser to assist the Company with progressing its strategic
objectives and in particular the corporate and financing options to
develop the Company's flagship Zulu Lithium and Tantalum Project
("Zulu") in
Zimbabwe.
George Roach, CEO, commented:
"We are delighted to have appointed VSA who has a track record in
working and successfully concluding natural resource deals with
Chinese based companies.
Premier strongly believes that given
the experience that VSA bring in the natural resources sector,
particularly in battery minerals and in the continents of Africa
and Asia, that they will provide invaluable support to Premier as
we continue our corporate objectives as reaffirmed in our
announcement on 6 November 2024."
About VSA
VSA Capital is an investment banking
and broking firm focused on natural resources, transitional energy
and technology. Headquartered in the City of London, VSA has
an office in Shanghai and alliances with firms in Australia, Kenya
and South Africa. VSA recently entered into a strategic
partnership with Drakewood Capital Management Limited to develop
its capabilities further in commodities trading and commodity fund
management in equities and debt. More details on VSA can be
found on VSA's website, www.vsacapital.com.
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
|
|
Andrew Monk / Andrew Raca
|
VSA
Capital
|
Tel: +44 (0)20 3005 5000
|
About Reach announcements
This is a Reach announcement. Reach
is an investor communication service aimed at assisting listed and
unlisted (including AIM quoted) companies to distribute media only
/ non-regulatory news releases into the public domain. Information
required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an
RNS regulatory announcement and not on Reach.
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
accepted 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.
Ends
