TIDMPREM

RNS Number : 2694Y

Premier African Minerals Limited

11 May 2021

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

For immediate release

11 May 2021

Premier African Minerals Limited

Circum Minerals Limited Shareholder Update

Premier African Minerals Limited ("Premier" or the "Company"), is pleased to report that it has received a shareholder letter ("Shareholder Letter") from the board of Circum Minerals Limited ("Circum"), in respect of which Premier holds 5,010,333 shares, providing an update in Circum's current activities.

The full text of the Shareholder Letter to Circum shareholders is available from Premier's website:

https://www.premierafricanminerals.com/projects/investments/circum-minerals

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.

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 holds 5,010,333 shares in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset.

In addition, the Company holds a 19% interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.

Enquiries:

 
 George Roach                        Premier African Minerals Limited    Tel: +27 (0) 100 201 281 
 Michael Cornish / Roland Cornish        Beaumont Cornish Limited        Tel: +44 (0) 20 7628 3396 
                                            (Nominated Adviser) 
                                   -----------------------------------  -------------------------- 
 Jerry Keen/Edward Mansfield        Shore Capital Stockbrokers Limited   Tel: +44 (0) 20 7408 4090 
 Matthew Bonner                              EAS Advisors LLC            Tel: +1 646 495 2225 
                                   -----------------------------------  --------------------------

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May 11, 2021 10:00 ET (14:00 GMT)

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