Member Info for Charlie1984

Due to the size of the Zulu EPO area the company will drilling the remaining 65% of the original licence area to get to DFS.
If I recall correctly that was $5m but 35% has already been completed.
Even if we need say £3m it’s very achievable given our EPO position without raising the head room.
Part of the EPO being awarded was subject to a number of things. Two of those where ability to get boots on the ground and develop Zulu and the other funds to do so. So PREM need to be actively seen to be advancing it!

As per previous RNS I quote from that RNS “ New York-based EAS Advisors LLC ("EAS") as its US corporate adviser, primarily to assist with introductions to institutions and funding to enable the Company to proceed with development of its current mining and exploration projects in Sub-Saharan Africa, in particular a Definitive Feasibility Study ("DFS") at the Company's Zulu Lithium project in Zimbabwe ("ZULU").

George Roach, Chief Executive of Premier commented:

"I'm delighted that we have brought on EAS as our US corporate advisers. We're looking forward to working with them as we develop our US profile and take significant steps forward in the development of ZULU."

EAS founder, Edward Sugar said:

"With ever increasing EV demand the need for development of lithium projects becomes more essential. We're looking forward to working with the Company regarding its ongoing finance, particularly regarding the Company's Zulu lithium project, as well as lifting its profile in North America."

To ours also circulating about both JV partners and off take agreements for Zulu.

However, GR has previously said he wants to keep 100% of Zulu for as long as possible. There are open check-books out there for the net zero drive and funding from big car manufacturers that are looking to secure lithium supplies before demand out weighs supply, which given the UK government policy that will see no new petrol & diesel cars sold in the UK by 2030. Europe started this step change and demand for Li3 is going to drive up prices as demand becomes extremely high, this isn’t only Europe a d the UK it’s world wide.

IMO we could see a quick shift in time frames to accelerate Zulu. After all it’s increasing the number of drilling rigs and you pay for drilling by the meter.

Hearing updates this week so we will see very shortly what’s going on but GR and Co have been busy behind the scenes - GLA

They are not trying to ramp the price they are taking the p!55!

It trying to ramp the price they are taking the p!55!

Class way to get Elon Musk attention! Thank you guys !

Highlight shorters are taking the ****, I repost adding @elonmusk and ask him for a shout out.
Surely he would love nothing more than to burn a few shorters.
They think everyone daft enough to believe the BS but then forget: https://twitter.com/mikec841/status/1370866398088548352?s=21

More than one way to skin a cat !

120 - 160MT is estimated resource at current Li3 prices at 120MT is $1.7 trillion

The link I sent you confirms current resource of 20.1MT I explained this was on 35% of the original licence area.

The Main Zone has an exploration target of 60-80 million tonnes.

The exploration target for the Zulu Lithium Project is between 120-160 million tonnes.

Zulu EPO Licence area covers 20,020 football pitches or 24km, the strike range is said to run all the way through it !

You would know that though as you read this in the RNS on Friday ?

“ Zulu remains a significant deposit. Premier has previously published an in-house maiden Inferred mineral resource estimate prepared in accordance with SAMREC of 20.1 million tonnes grading 1.06% lithium oxide and 51 ppm Ta2O5 using a cut-off grade of 0.5% Li2O. Since the maiden Mineral Resource Estimate, the geological model has been optimised as at least six new zones of lithium mineralisation have been discovered, supporting an exploration target of up to 80 million tonnes. Test work conducted by Anzaplan in Germany on behalf of Premier confirmed that low iron spodumene concentrates of up to 6.5% contained Lithium equivalent was attainable and an independent scoping study prepared by Bara Consulting for Zulu was most encouraging..”

And before you say I am talking BS on the 24km strike through the whole length you would have also read this on the RNS on Friday?

“ According to the geological interpretation of the EPO, Premier believes based on its own interpretation that LCT pegmatites could occur over a strike length of 24km, i.e., over the whole length of the EPO. Gold”

Shaun did you read the link and go to the website ?

Name calling? What’s this about ?

Premier African Minerals have updated their website over the weekend for those who missed it:

https://www.premierafricanminerals.com/about-us/what-we-do

Shaun the plumber and his side kick kennel Club flowing he about from Twitter.

Notice all these new accounts with very little posts hmmmmm

Have you been on PREM site online?

Under Zulu

https://www.premierafricanminerals.com/zimbabwe/zulu-project

Last line
Quote:
“ Premier believes that the potential exploration target for Zulu is around the 120-160 million tonnes. ”

The 120MT wasn’t plucked out the air.

20.1MT is the reserves from drilling back in 2017 this is on a 35% of Zulu in the original Licence area.

The Main Zone has an exploration target of 60-80 million tonnes.

Have you read this section on PREMs web sites YES or NO?

No ramp been here 8+ years I will see this out thank you. Don’t mind waiting another 3-5 years

RB north very quickly.

Updates incoming.

120Mt of Li3 that’s $1.7 trillion in ground

£55m MC

Will start attracting ii

MM played a blinder Friday to stop this going nuts, willed stoplosses out. Day light robbery.

Will be 1p within a month if not before

Off take partner associated with car manufacturer in Europe is the rumour.

Lots off work behind the scenes why we have been awaiting the EPO, GR and Co haven’t been sitting on their hands a lot will be surprised here - GLA

If all I hear is true 1.5-2p easy by 6-12 months.

Even RHA looks like it will be fired up, off take partner funding that. So, so much to land here!
Remember we get the first £20-25m that’s what it owes PREM

Rumours have it we are to hear a update this coming week.
Premier African Minerals have been busy behind the scenes.
They have been in talks with JV partners and looking to get off take agreements in place.
During the time taken to get EPO in hand they have had a lot of time to negotiate these deals, the deals of course have been based on EPO being issued.
No issued they want to move fast!
Expect update imminently!

Good exposure in this is money:

https://www.thisismoney.co.uk/money/markets/article-9355529/SMALL-CAP-MOVERS-Avacta-leaps-test-detects-new-Covid-variant.html

Arco - only problem was the greed of the MM

That and the fact a lot of PIs missed a lot more detail on the RNS as they just wanted to see the words EPO

See my posting last night I highlight some of the detail “I” and others missed.

Li3, Gold, Molybdenum etc

Spoilt the party

Steve it broke 0.5p today or was the MM being greed they are lilt the party

Honestly, a few posters over the years may have doubted my feelings views, hell during the 8 + years I have myself.

I first got in at 0.8p at approx 600m shares in issue, loaded up all the way up and at 3.52p and on the way back down.

The fundamentals haven’t changed, I invested after DMOR in what a thought to be a good entry point in the life cycle.

Unfortunately, my timing was way off. However, timing is sometimes out of the companies could control. Things aren’t always straight forward.

Only wish I was putting my six figure investment in 3/4weeks ago but that’s life.

However, the world is PREMs oyster.

What I will say is there are a lot of PIs on these BB, I just wish some would have some morals and grace.

Don’t be disgruntled at others, if you sold out that was your choice.
If you made gains or losses and sold out dont discourage others of their position and ability to make money.

Those that are wise accept their choices and are happy for others when they fulfil theirs.
A little sad those that feel the need to talk down a positive RNS or be annoyed by others gain or achievement.

A wise man once said “nothing at all” he kept hisself to hisself and allowed others to make their own decisions.

The BB are full of wise men. If they didn’t have an agenda they wouldn’t feel the need to speak. Funny why so many that aren’t invested tell you your making a mistake !

The EU was the global player that started the green drive. Net Zero if you don’t know anything about it read up on it.
The world followed....... DYOR Acker has gove you a brief insight but take the time to research this and you will see what the bog deal is.

Remember coal was a big think, now a think of the past everything moves in cycles and with the times and technology - GLA

SP rises to 30% Gazette Issued followed by EPO RNS early doors. SP rises to +70% then the biggest tree shake I have ever seen dropped the SP to +6%.

MM filling buy orders increased SP to 32% to drop it 3 mins before close again to hit Stop losses to 5% only to fill more orders and close it 24.5% up.

Game well played if you ask me. If you had a stop loss unlucky, if you didn’t read the tree shake and sold also unlucky.

Few underestimating the value of what we have, DFS will be funded.

I cannt express enough to read the RNS

Li3 we know historically 120,000,000 tons maybe more,
Molybdenum a solid core sample 20m thick currently trading at £26k per metric ton.
6 gold mines 200 gold miners on the licence area, unknown deposits to be discovered, the green belt is rick in gold mineralisation.
Li3 cost covered by Tantalum.
The Zulu EPO will be the deposit that just keeps giving, the reason I invested and continued to invest for the last 8 + years, a lot of heartache might I add but today was a breath of fresh air and a sigh of relief.
What I had researched, what I had believed would happen was delivered.
Zulu EPO is that big, off take partners will want to fund it and set a price on X amount of tons of Li3.
Prices of Li3 jumped 22.5% within a week last week.
Demand is set to skyrocket with petrol & diesel cars set to be replaced by 2030 by electrical vehicles powered by Li3 batteries.
Zulu has the capability to supply 25-35% of Europe’s Li3 demand.
Manufacturers and Green energy companies have open check books with global government tax relief and incentives, everyone once to be one step a head of the game.
Investing in a major player like PREM early doors will see players lining up.
With prices only set to increase the big players move fast.
Updates imminent on those finds to DFS IMO so watch this space - GLA

Posted earlier about MM dropping SP “tree shake to fill large buy orders” - some laughed others told me it was more or less BS!

Look at all those BIG delayed trades that got filed.

I said to you earlier that there where 3 rumours my post:

3 rumours12 Mar 2021 13:30
1) Zulu EPO granted 12 March 2021 - Achieved

2) JV Partner - talks have been ongoing they wanted to see EPO this is now granted. Deal been finalised.

3) Off-take partner associated with car manufacturer - follows on from 1 & 2 (1 completed, 2 to be announced very soon)

160,000,000 tons of Li3, tantalum cover the cost of Li3 making Zulu low cost.
Additional metals and GOLD highlighted in RNS which runs through the green belt in the centre of the EPO licence area.
Li3 strike range 24km UNBELIEVABLE!!!! But true!!!

If you haven’t listened to the interview then here it is, GR cannt say to much but you don’t need to be a rocket scientist to line the dots up. Then refer back to my points on rumours.

First point nailed on finding lined up for DFS

https://www.youtube.com/watch?v=FLiEgZT-nEw