RE: PREM Possible SP15 Oct 2019 10:31
4. Zulu Lithium + EPO We have discussed at length the significance of the EPO area. The area is 202 km2 – while present Zulu project is a ‘mere’ 3.5 km2. I say ‘mere’ but in reality, it is not small. It is on a par with Pilbara Minerals, one of Australia’s largest hard rock lithium mines. Zulu without EPO (comprising Main Zone and New Zone), has a target ore of 120million tonnes to 160million tonnes. Pilbara Minerals is 108 million tonnes of ore. Even at the lower, without EPO, we are potentially larger than Pilbara.
However, the EPO area is larger than the existing Zulu project area by x 57.
If Zulu on a par with Plibara, then EPO could be said to be 57 x Pilbara also. This takes into the area of comparisons with ‘Sonara Lithium’, the actual present hard rock lithium project in the world.
Zulu with EPO announcement contribution to the SP ------ 0.20p
5. Zulu + EPO and JV One PREM have Zulu EPO in the bag, we are in a position to close out a JV deal with a large partner. 2 things: 1) PREM will have had to present credible plans for our EPO application. This should’ve included something about possible JV partners. Am guessing these are lined up already (just my own view). There are discussions as to who the key partners may be, not going to name them here but clues all over the shop. 2) There could be one than one partner as there a number of minerals out there and we are possible looking secure not only for lithium in the area but others (there is gold there and usefu amounts). We will not be raising to develop ZULU + DFS DFS as there are a range of options, including profits from Manganese mine, profits from RHA, Circum funds, andm especially, through those prospective JV partners.
Depending on specifics, JV contribution to the SP ------ 1.0p
(yes, 1p!!)
6. Katate: The Katate is a rare earth project (meant to be enormous) has sat waiting for a long time. I suspect the current strategy is to enable work on not only Zulu + EPO DFS but to somehow begin on Katate (Zim want massive investment and development of the mining and minerals sector).
Katate contribution to the SP ------ ???
7. New Management: New Management being brought in, as we have seen with Neil Herbert. I suspect there are some other key figures waiting on the side-lines (Stephen Dattels perhaps?).
New Management contribution to the SP ------ ???
A lot to before year end. Things are moving fast. If you are part of the story, you will make significant return.
News literally around the corner!