Zulu Lithium Update

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: [phone]
Michael Cornish / Roland Cornish	Beaumont Cornish Limited (Nominated Adviser)	Tel: [phone]
Jerry Keen/Edward Mansfield	Shore Capital Stockbrokers Limited	Tel: [phone]
Matthew Bonner	EAS Advisors LLC	Tel: [phone]

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

 

END

 

 

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