Costings31 Jul 2025 13:12
To help some of our investors, I have taken the liberty of printing below some relevant figures extracted from official company release.
If Premier is able to meet the Plant Deliverables it is essential that the Company seek further approval for the disapplication of suck number of shares to allow the Company to meet certain immediately due payments and to complete the commissioning and optimisation of both the Primary Flotation Plant and Secondary Flotation Plant. The essential utilisation of funds broken down into the following essential categories:
Category
Total
Suppliers with a Payment Arrangement
$ 3,373,569.88
Balance of cost of Zulu Secondary Flotation Plant
$ 500,000.00
Costs associated with plant readiness and test running. Reagent assessments.
$ 885,122.99
Zulu and Group Staff payment (acquiring from July 2024)
$ 696,016.14
Premier Suppliers without payment arrangements but considered urgent
$ 598,757.12
Premier Suppliers without payment arrangements but less urgent
$ 126,578.01
Critical Suppliers for Ongoing Operations at Zulu
$ 385,474.94
Zulu Long Outstanding
$ 660,949.44
Payroll and Statutory Deduction balances
$ 1,127,306.48
Normal operation costs
$ 1,651,774.72
Contingency
$ 431,310.00
Total
$ 10,436,859.72
This proposed use of funds includes a test run period and allows for the balance of the purchase of a Secondary Flotation Plant. However, the budget does not deal with operating costs under normal production, after installation and commissioning of the Enprotech inserts that have been paid for and the secondary spodumene float plant. It is also noted that the payment arrangements do not call for immediate payment of the amounts set out above and no revenue allowance has been contemplated.
Hope this helps folks
Acker
Sign In
Follow the stocks
