RE: Key issue here10 Dec 2025 13:51
You can deramp if you want, but don’t mislead and dismiss other assets as ‘worthless’ just because it don’t fit your agenda lol…keep it real!
Extended Lithium Portfolio
We have previously referred to our claims in the eastern part of Zimbabwe and we note that evaluation of these claims continues. The company holds 50% of these claims.
Turwi Gold Project
Premier has operational control and 50% of this gold exploration project in Southeast Zimbabwe. However, at this time, the focus of Premier is Zulu. Premier will explore other alternative opportunities to releasing the potential value and opportunity of the Turwi Gold Project. This status is unchanged.
MN Holdings Limited ("MNH")
Whilst the Company view has not changed, no progress can be made at this time.
In the unaudited management accounts for period ended 31 March 2024, MNH's wholly owned operating subsidiary, Otjozondu reported revenue of approximately N$60 million (equivalent to $3.2 million) and an operating profit before tax (and interest charges to group companies) of approximately N$11.8 million (equivalent to $0.6 million). Total assets as at the same date amounted to approximately N$317 million (equivalent to $17.1 million).
Vortex Limited (formerly Circum Minerals Limited "Circum")
As previously reported in April this year, Premier was informed that the Ethiopian Ministry has revoked the Mining and Licence Agreement ("MLA") notwithstanding the fact that a state of Force Majeure had been in place at Circum since 20 September 2022. We were informed that Circum declared a dispute and under the MLA this will be resolved through the process of arbitration and Boies Schiller Flexner have been engaged by Circum to act on this dispute.