Member Info for ACKER

This coming week should be interesting.

Acker

Tyranin

Let's shake hands and put the duelling pistols away until another day.

Acker

Tyranin

I appreciate the fullness of your reply — that was never in dispute.

My point wasn’t about the accuracy of the RNS extracts you quoted, but about the value added beyond simply reproducing them.

There’s a difference between:

quoting the RNS, and

interpreting what the RNS actually implies operationally and financially.

The former is factual repetition; the latter is analysis.

My comment was aimed at the distinction, not at you personally.

For clarity:

Yes, the RNS confirms internal sample grades above 5%.

Yes, it confirms concentrate was produced.

But it also confirms commissioning was cut short due to lack of ore, that grades are unverified, and that continuous operation has not yet occurred.

And it confirms the company is financially constrained and reliant on another Canmax extension.

Those points matter just as much as the headline numbers.

On the broader issues you raise — finance, headroom, GM timing, and the potential for in‑country sales — I don’t disagree with your reasoning. We simply differ on the weight we assign to the risks versus the opportunities. That’s normal in a market like this.

My intention wasn’t to dismiss your contribution, only to highlight that quoting the RNS verbatim is not the same as analysing its implications. If that came across too bluntly, then consider this a clarification rather than a retreat.

Regards

Acker

The current situation will, of course, defer the granting of any export quota to Zulu, a situation that will be on the mind of Canmax.

Acker

Tyranin.

An excellent example of "cut and paste"; however, one cannot put much value on your post.

Anyone could extrapolate chunks of RNS's to suit a line of thought.

Canmax extended the last long stop with conditions; the company has, yet again, failed to satisfy those conditions.

The company in many of its company reports, stated that commissioning, optimisation and steady production would be achieved by the end of Q2,agian this has not been achieved.

Why did the company max out the credit card? This halted work at Zulu and put the project back by many months.

Glencore must be thinking about not getting involved. The company has waited and waited, but Zulu is still only on test runs.

The company needs to get finance and progress running in harmony

The good old shareholders will have to pick up the pieces again.

Acker

The anticipated 30-day continuous run can only be looked upon as a test run.

The company has not, to date, provided any verified business economic data, so, in reality, we have no idea if the mine is efficient or not.

The mine remains at WD 40 stage with no ore or finance to continue.

Acker

Coldspy

I think he will be OK with the accounts.

Acker

Should see a recovery tomorrow ahead of the placing.

Acker

Steward1

Yes, still a fan even though he has defaulted on his timescales.

I agree,I think at this juncture, Hill would get the support of shareholders.

Canmax--as I mentioned in an earlier post,may ask for some flesh.

Regards

Acker

Mr newbie

No revenue until November/December, big gap to finance.

Acker

Chuggley

I do remember you from years ago. You are still a good chap to chat with; you have my respect.

We won't agree on all aspects, but you keep your posts civil, and you are knowledgeable.

Ignore the wind directions,I am a fan.

Acker

Mrnewbie

I would just take a little care when challenging raaydaar,he is well-informed on the workings of Prem/Zulu.

Acker

Iky786

Still waiting.

Acker

Chuggley

I would look at a 60 B raise of the share ceiling as one of the most positive moves the company could make.

Not selling, will continue to pick up shares as and when.

The only negative is when I feel it is deemed necessary, targets are missed, and contracts are dishonoured etc,etc.

Acker

No interviews?

Stuff the shareholders.

Acker

Jaglith,

Maybe use up the current allocation, then a large increase in shares for issue,60 billion.

Acker

Timmomo

And the rampers, what about the rampers who have filled this BB with ridiculous, fantasy posts about nameplate production, grades at 6% and above.

The Zulu train has stopped, there is no production, no ore on the pad and no money to pay bills. Is this "close to success"

It is a very difficult period for the company.

Acker

Today's share fallers--Prem near the top.

Acker

Steward1

It was just an exercise to demonstrate the similarity of the narrative and highlight that the Zulu lab has, in the past, reported 6.3%.

Acker

Very familiar rhetoric, must be a book on writing RNS's;

Premier African Minerals Limited ("Premier" or the "Company") is pleased to provide an update on progress at operations at Zulu Lithium and Tantalum ("Zulu").

As previously announced in April, all efforts have been focused on the Zulu floatation circuit, which is now running in continuous state and is producing saleable spodumene concentrate. The process to complete rectification and optimisation of the floatation circuit remains ongoing, and Premier expects continuous and significant improvement in both floatation grade and tonnage to follow.

George Roach, CEO, commented, "Thanks to the support the Company receives from ENPROTEC, the supplier of the float plant components and innovation and dedication from our team at Zulu, we are now able to run the floatation circuit continuously and produce saleable spodumene concentrate.

There is much to be encouraged by, notably, the use of an activator in the spodumene floatation plant that has seen recoveries in internal laboratory work approaching 90% and the indications that the ore body in situ grade is higher than was estimated in our Resource model. The overall plant is currently running at a feed rate to spodumene floatation that is approximately 50% of the original floatation design capacity and will need a further conditioning tank and minor pump upgrades to operate at the full design capacity. This is over and above the recently completed flow changes. The required pumps are already at the site, and the additional civils for the conditioning tank should be completed in May 2024.

Target production for the coming week is expected to start at 50 tonnes spodumene concentrate per day, with increasing production. Target full projected capacity remains at 4,000 tonnes per month. Grade is consistently improving with continuous running, and the latest internal chemical analysis of spodumene concentrate produced by the floatation circuit indicates grades have now improved to between 4.5% and 6.3% Li2O."

RNS posted 8 May 2024.

Acker