Prem20 Apr 2021 12:20
The information below is an extract from an RNS dated 5th Jan 2018,I am of the opinion that this is the future path CEO will take Zulu and EPO ground;
Zulu Lithium
As announced on 2 January 2018, the Board of Premier has decided that a separate listing should be sought for the Zulu Project ("Zulu NewCo") to maximise the value of the project.
Over the past 18 months, Premier has made significant progress in the development of the Zulu Lithium Project and given the market valuations for comparable hard-rock lithium projects, the Board believes that significant value can be unlocked for shareholders by having a separate listing for Zulu.
Premier is currently therefore considering with its advisers a separate listing of Zulu in London. The listing is intended to take place as soon as possible, subject to regulatory and other approvals. Premier intends, subject to appropriate legal and taxation advice, to distribute (at nil cost) to Premier shareholders at the time of listing a substantial proportion of Premier's retained interest in Zulu Newco.
Acker