Turnaround...30 Jul 2018 10:33
The Company is currently reviewing various funding options for RHA which include a new off-take agreement with advance payment for concentrate, zero cost drilling as an offset for the drilling contract at Zulu Lithium (Pvt) Ltd, direct equity investment at project level, spin-out into a new company of which Premier would retain a "no cost" interest as well as possibly funding by Premier if the APT price continues to escalate as has been the case to date over the past 12 months.
Self-financing of RHA is the least preferred option and would only be considered on the basis of either a rights issue or open offer.