Premier African Minerals Limited Zulu Lithium Update (2685F)
July 14 2021 - 10:00AM
UK Regulatory
TIDMPREM
RNS Number : 2685F
Premier African Minerals Limited
14 July 2021
Premier African Minerals Limited / Ticker: PREM / Index: AIM /
Sector: Mining
14 July 2021
Premier African Minerals Limited
("Premier" or the "Company")
Zulu Lithium Update
Premier African Minerals Limited ("Premier" or the "Company"),
is pleased to provide this update on progress at Premier's Zulu
Lithium and Tantalum ("Zulu") project in Zimbabwe.
Highlights:
-- Drilling underway
-- 2(nd) drilling rig expected on site this weekend
-- Pegmatite intersected as expected in drill-hole ZDD55
-- Laboratory equipment expected on site in week commencing 19 July
George Roach CEO, commented," I am deeply encouraged that
despite the Covid-19 related lockdowns and travel restrictions in
the SADC region, we are making progress in the drilling program
that is central to Zulu's Definitive Feasibility Study ("DFS").
With the essential elements of Geodrill's camp now established,
I look forward to the ongoing expansion of Zulu's camp as we
progress into the various other facets of the DFS study ".
Qualified Person:
Chris Male, Geologist with Premier African Minerals Limited, has
reviewed and approved this release to the extent that reference is
made to the Zulu Lithium Project. Mr. Male is a SACNASP and GSSA
registered geoscientist with 13 years' experience in exploration
and project management, in multicommodity projects throughout
Africa.
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)
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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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Glossary of Technical Terms:
"pegmatite" is an exceptionally coarse-grained igneous rock, with interlocking crystals, usually
found
as irregular dikes, lenses, or veins, esp. at the margins of granitic intrusions
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END
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