Appointment of Director

RNS Number : 9947F

Premier African Minerals Limited

26 February 2015

 



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

For immediate release

26 February 2015

Premier African Minerals Limited

("Premier" or the "Company")

Appointment of Director

Premier African Minerals Limited, the AIM-traded, multi-commodity natural resource company with mineral projects located in Southern and Western Africa, is pleased to announce the appointment of Mr Michael Foster as Non-Executive Director of the Company with immediate effect.

Mr Foster is a graduate geologist from St Andrews University in Scotland with a MBA in Business Administration from London Business School. He has over 30 years' experience of all aspects of the mining industry, including exploration, mine development, operations and finance in a variety of commodities. He was a founding shareholder and Director of the AIM traded ZincOx Resources plc until 2008. More recently he served as Non-Executive Chairman of Copperbelt Minerals Limited, a company that discovered a new copper-cobalt deposit in the Democratic Republic of Congo. Mr Foster is currently a Director of CASA Mining Limited, a private company with interest in exploration licences in the DR Congo.

In welcoming Michael Foster to the board, George Roach commented that "the experience Michael brings based on his success in challenging environments, project development from initiation to production and finding innovative financial solutions fits Premier's profile admirably. I look forward to working closely with Michael as we develop our very exciting suite of assets, in particular RHA Tungsten that is now less than 16 weeks from anticipated first production.

Further AIM Disclosures

Mr Michael James Elliot Foster, aged 63, has held the following directorships and/or partnerships in the past 5 years:

Current:	Past:
Solantera Resources Limited	Copperbelt Minerals plc
CASA Mining Limited	Copperbelt Minerals Limited
CASA Resources Limited	Kisenge Limited
	NRG Africa Limitada

Mr Foster does not currently own any shares or options in the Company.

There is no further information on Mr Foster required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Enquiries

Pamela Hueston	Premier African Minerals Limited	Tel: [phone]
Michael Cornish / Roland Cornish	Beaumont Cornish Limited (Nominated Adviser)	Tel: [phone]
Jerry Keen/ Edward Mansfield	Shore Capital Stockbrokers Limited	Tel: [phone]
Tim Blythe/ Halimah Hussain	Blytheweigh	Tel: [phone]

Notes

Premier African Minerals Limited (AIM: PREM) is a multi-commodity exploration and development company focused in Southern and Western Africa. The Company has a diverse portfolio of multi-commodity projects which includes tungsten, rare earth elements, gold, lithium and tantalum in Zimbabwe and Togo, which span from brownfield projects with near-term production potential to grass-roots exploration. The Company holds 2m shares in Circum Minerals Limited (Circum), the owners of the Danakil Potash Project. At present those shares are valued at US$2.5m based on the latest price at which Circum has accepted subscriptions.

 

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