Member Info for Jungmana

Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce that further to the announcement on 1 April 2025 ("Announcement"), Premier has entered into a non-binding letter of interest with Glencore International Ag ("Letter") regarding the possible purchase of spodumene concentrate and repayment and/or management of the prepayment amount plus interest owed in respect of the Zulu Lithium and Tantalum Project ("Zulu").

Premier has agreed with Canmax Technologies Co., Ltd to use its best endeavours within the next three months to have the letter issued as a binding agreement subject to pre-conditions inter alia that the plant achieves the required grade and tonnage.

George Roach, CEO, said, "Premier appreciate enormously the commitment and persistence from all to get us to this point.

Our focus is now firmly set on the final completion and optimisation of the spodumene float section".

When the LOI is turned into a firm agreement this will be 0.1p+ in quick time.

GLENCORE is a massive company and their experts know the huge opportunity Zulu presents.

Why else will they bother?

Work will commence at Zulu Lithium and Tantalum Project ("Zulu") in the coming week, and Premier expects delivery and commissioning of the inserts during June 2025 and final installation of the additional spodumene circuit in Q3 2025.

George Roach, CEO, commented, "It is indeed most pleasing to commence civils and confirm the float plant order to be able to get Zulu back to work".

Just added a small 3.7 million shares.

My total holding approaching 70 million

Recent interview , If anyone hasn't seen it:

https://youtu.be/SWyWZC1S2kE?si=kQranewqXbmje6T9

Bought a few million more today.

Overhang should clear soon and hopefully a slow rise to 0.2p (£100 million market cap) in Q3 with Zulu back in production.

GLA

I think this will be back over £100 million market cap by the time the plant is back up and running in Q3.

Am now fully loaded with 60 million shares.

GLA

Looks like glencoe pulling the strings here already.

Good to see the company hitting the ground to get Zulu back into production soon.

Last time it was a £200 million market when in production and now is £18 million with Glencoe looking in.

Is that a 253 million buy?

Bought back in today, total of 40 million shares .

Last purchase done 2 million just now.

GLA

Https://www.share-talk.com/zak-mir-talks-to-andy-carroll-ceo-of-mosman-oil-gas/

Zulu has resource deposit that is of global significance.

With the right investment and leadership can make many investors very rich.

Anyone who followed prem for 5+ years knows this company is sitting on a huge and important asset but whether GR can deliver is the question.

This is still a high risk investment but must say am impressed to see Glencore showing an interest in the project. 2 years back prem reached £200 million market cap and thats the equivalence of 0.4p share price today (10 times fridays closing price of 0,04p).

If GR can pull this off and get Zulu plant producing successfully, those taking the risk now should be handsomely rewarded.

good luck to you folks.

The Zulu plant has not run since July 2024 and as at 28 February 2025, unaudited total group liabilities (including amounts due to Canmax under the Offtake and Prepayment Agreement of $46.353 million including unsettled interest of $11.7 million) amounted to $64.327 million, of which group trade creditors including unpaid salaries amounted to approximately $17 million. The Company continues to require immediate funding to maintain all essential operational requirements at both Premier and Zulu. Premier's principal trade creditors have, to date, continued to remain supportive of Zulu pending the flotation plant remedial work explained above.

GR made it clear in the march 6th funding rns he needs about 3 times the amount of money raised today.

Give it a week or 2 and will be another fund raise.

one of many more placements to come. the ****roach strikes again;

"there has been no material change to the company's financial position since the announcement on 6 march 2025 and following this subscription, the company will continue to require future funding in particular to ensure that the zulu plant is able to achieve the required grade and tonnage to reach a binding agreement for the future development, meet operating costs of zulu and settle creditors."

0.06p+ once the Cameroon farm-out is signed.

News due anytime

Results to 31st Dec 24 rns

"Improving our cash liquidity through two Placings completed at an opportune time before the market was impacted by the above circumstances ensures that we are fully-funded to complete our programme to monetise over the next 12 months from a position of strength."

Empyrean Energy

Empyrean Energy PLC (EME) is an oil and gas exploration company listed on AIM, with key assets spanning Southeast Asia and the U.S. Its flagship project is a 8.5% interest in the Duyung PSC, which contains the Mako gas field—one of the largest undeveloped gas fields in the West Natuna Basin, offshore Indonesia. Mako represents a highly strategic asset with significant monetisation potential amid Southeast Asia’s growing energy demand. In addition, the company has an interest in the Sacramento Basin in California and is actively exploring new onshore gas opportunities in the U.S.

Recent developments in 2025 have centred around the Wilson River-1 well, a high-impact vertical oil exploration target located in Southwest Queensland, Australia. Following the execution of key land access and heritage agreements, Empyrean entered a definitive farm-in agreement, securing a 52.8% working interest in the well alongside Condor Energy (27.2%) and Chi Oil (20%). Drilling commenced on 14 March and reached total depth of 1,464m within six days. Preliminary quad combo logs indicate approximately 6 metres of potential gross oil-bearing zone in one of the main target formations. The well has been cased and suspended pending final petrophysical analysis to define the optimal testing and completion strategy. The project has been fully funded through two placings totalling £1.3 million, supported by strong director participation and a salary sacrifice arrangement to preserve working capital.

Meanwhile, at the Duyung PSC, Empyrean and its partners reached a major milestone by signing revised gas sales arrangements with Indonesian authorities. This agreement paves the way for the long-anticipated Mako field development and potentially fast-tracks commercialisation, aligning with Indonesia’s energy security goals. The revised GSA framework could unlock significant near-term value, and management is working toward a final investment decision (FID) once regulatory and partner approvals are finalised. With strong regional demand for gas and proximity to existing infrastructure, the Mako project remains the company’s cornerstone long-term asset.

Looking forward, Empyrean Energy is entering a crucial phase. The outcome of Wilson River-1 could materially impact short-term valuation, while progress on the Mako gas field will determine the company’s medium-term growth. Investors should be aware of typical junior oil & gas risks—drilling outcomes, regulatory delays, and funding gaps—but also note the recent momentum across Empyrean’s portfolio. With a diversified strategy, active operational program, and access to transformational gas assets, Empyrean presents a speculative yet intriguing opportunity in the junior energy sector as it seeks to deliver value through both exploration success and strategic gas monetisation in Asia and North America.

https://www.share-talk.com/5-junior-energy-stocks-with-high-stakes-potentia

Both are buys about 4pm that moved the share price into blue