Resignation of Director

RNS Number : 5021J

Premier African Minerals Limited

27 April 2022

 

27 April 2022  

Premier African Minerals Limited

Resignation of Director

Premier African Minerals Limited ("Premier" or the "Company"), announces the resignation of Neil Herbert from the board of Premier with immediate effect.  

George Roach, CEO commented, " Mr Herbert re-joined the Premier board at a critical time in the rejuvenation of the Company and I express my thanks and appreciation for this. Mr Herbert leaves the board to pursue his other business interests including his recent appointment as executive Chairman of Atlantic Lithium.   I have agreed to act for a limited period as the interim Chairman.

Premier is in consultation with competent board candidates and will look to announce further corporate changes in the near future".

Market Abuse Regulation

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: [phone]
Michael Cornish / Roland Cornish	Beaumont Cornish Limited (Nominated Adviser)	Tel: [phone]
John More/Toby Gibbs	Shore Capital Stockbrokers Limited	Tel: [phone]
Matthew Bonner	EAS Advisors LLC	Tel: [phone]

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 per cent interest in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, for a 13.1 per cent interest in the enlarged share capital of Vortex. Vortex has an interest of 36.7 per cent in Circum.

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

Ends

 

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