Zulu Lithium New Flotation Plant
Summary by AI BETAClose X
4 March 2026
Premier African Minerals Limited
Zulu Lithium New Flotation Plant
Premier African Minerals Limited ("Premier" or the "Company") is pleased to confirm that the new spodumene flotation plant for the Zulu Lithium and Tantalum Project ("Zulu") has now arrived on site in Zimbabwe.
Graham Hill, Managing Director, commented, "The arrival of the new flotation plant at Zulu represents an important deliverable for the Company. It is really exciting to see the trucks arriving on site with the plant. The crane is on site and off-loading and placement of the plant will commence immediately. The installation team are mobilised, and our focus is firmly on assembly, commissioning and progressing toward the production of saleable spodumene concentrate.
The Company will provide further updates as installation progresses".
Flotation Plant Delivery and Installation
Further to the Company's announcement of 2 March 2026, the plant has been delivered to Zulu.
A specialist installation engineer from Xinhai Technology Processing is already on site and preparations for assembly by the Zulu team are well underway. The plant will be installed on the foundations previously constructed and will integrate with the balance of the existing processing infrastructure at Zulu.
The Company continues to target commissioning of the new flotation circuit during Q2 2026, subject to installation progress and optimisation works.
Market Abuse Regulations
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 ("UK MAR").
The person who arranged the release of this announcement on behalf of the Company was Graham Hill.
A copy of this announcement is available at the Company's website, www.premierafricanminerals.com.
Enquiries:
|
Graham Hill |
Premier African Minerals Limited |
Tel: +27 (0) 100 201 281 |
|
Michael Cornish / Roland Cornish |
Beaumont Cornish Limited (Nominated Adviser) |
Tel: +44 (0) 20 7628 3396 |
|
Douglas Crippen |
CMC Markets UK Plc |
Tel: +44 (0) 20 3003 8632 |
|
Toby Gibbs/ Harry Davies-Ball |
Shore Capital Stockbrokers Limited |
Tel: +44 (0) 20 7408 4090 |
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.
Forward Looking Statements:
Certain statements in this announcement are or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. Nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.
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, encompassing brownfield projects with near-term production potential to grass-roots exploration.
Ends
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