Member Info for NaPoM

20 mil of that was from 2 people Im associated with. You lot who supposed to have voted had 8 million votes between you. Lol

28mil voted against the resolution....all mouth and no action

Maybe you should look at selling up and forget about prem. Think its ******ed beating yourself up holding on a stock you have no belief in.

RHA to be fully operational and working efficiently requires further investment to develop the underground mine. This is a completely different operation to processing of the tailings which requires a lot less which will be paid for by the offtaker. This has been covered by george. You even asked the question to GR during the webinar and he quickly put you in your place.

Tailings are already on the ground ready to be processed and it only requires a section of the processing plant to be operational. You dont need to get it out of the underground so making the operation less risky to execute and viable economically.

Yes crystal. Worth doing as opex is reduced now with MNH as the mining contractor.

RHA has a sizable historic tailings deposits built up during historic production in the 1970s. The plan is to use a section of the processing plant making it viable for production. They didnt have the plant that could do this in the 70s.

You can apply the same logic to many undervalued companies out there.

Also to add to that list...
- Processing of tailings at RHA

Need to list the news expected in the coming weeks as there are that many

- New chairman
- RHA ownership - NIEEF yet to come back to PREM on ownership issue
- EPO news we know this is well overdue. Its the grant of prospecting licences for minerals including gold and lithium covering 22,000 ha
- Circum update - meeting may have already taken place
- MNH 7% asset purchase of revenue producing mine

Waiting on circum news which we were told a meeting was to take place after the GM... this may have taken place in which case prem cant issue an RNS until there is an official update form Circum

The cooperation agreement between MNH as the mining contractor and PREM to process the tailings at RHA at cost only is a prime example of the shift in strategy.

the strategy shifted I believe prem will need to JV to develop

Im looking at the assets that PREM owns/part owns, it's going to take a lot to develop them. Strategy would probable involve a jv partner and MNH to do the open pit mining at cost only.

Mutare lithium - exploration stage
Zulu lithium - scoping study stage
Ligonha lithium - exploration stage
Otjozondu manganese - producer
RHA tungsten - soon to be a producer

Take into account the assets that PREM will acquire and explore within the EPO area which includes gold, PREM will need capable management plus JV and offtake deals to develop these projects. When new management takes a hold of prem, will continually transform the company imo.

Its important to diversify as we have learnt in the past that banking on one asset re RHA has not done prem any good

New assets are sitting on the same greenstone belt as Zulu so any JV deal would have to include both imo.

On top of the lithium assets that PREM has recently bought for peanuts, we have the manganese revenue producing asset which I expect will be getting news on soon. The Otjozondu manganese project was producing 5,600 tonnes a few weeks ramping up to 10,000 tonnes soon. 5,600 tonnes worth just under $1m in revenue per month.

The Zimbabwe assets continued:

Grey Lady: The six (6) licenses cover a historic beryllium mine with reported lithium mica, lepidolite and zinnwaldite observed in the associated pegmatites.
? Magoda: Eight (8) licenses cover historic workings along the identified trend in this asset.
? Tals 5: A single license covers a cluster of shallow pits in which beryl was historically mined from the exposed pegmatite which is potentially of the Complex LCT type.

Asset list in prem's portfolio expanding. Here is a list of what PREM is actually getting for £82k:

The Mozambique assets include:
? 9166L: extensive artisanal workings were identified from the satellite imagery. The spectral response from the satellite imagery indicates the potential for a large pegmatite body to be present underneath the extensive workings.
? 9167L: At least nine (9) tracts of artisanal workings have been identified within this license which is located within the southwestern part of the ALPP pegmatite field. Pegmatites within this area have been described as containing gem beryl (aquamarine), columbite-tantalite, tourmaline and rareearth minerals. The Murrule-Nigule pegmatite has been recorded within the licence area.
? 9168L: This License is located within the highly prospective Alto Ligonha Pegmatite field and
contains four (4) tracts of artisanal workings, three (3) of which are located on recorded
pegmatites comprising the Ingela pegmatite cluster, which is recorded as containing beryl and
tantalite-columbite series minerals. No lithium minerals have been reported historically from these
pegmatites.
? 9188L: This asset is located in the northern part of the ALPP pegmatite field with three (3) mapped pegmatites within the license boundaries, Guilherme, Malapa and Muetia. Numerous scattered tracts of artisanal workings have been identified from the satellite imagery, around these
pegmatites, which have been interpreted as clusters of pegmatite bodies.
? 9190L: This license is located in the Alto Ligonha Pegmatite field and contains the recorded Piteia
and Nahia-Iaia pegmatites. Piteia reportedly contains beryl and lithium minerals while beryl and
columbite-tantalite minerals are contained within the Nahia-Iaia pegmatite. Numerous artisanal
workings are present over both pegmatites.

The Zimbabwe assets include:
? Odzi West: The pegmatites in this asset were historically mined for beryl and tantalite, and petalite and spodumene have been documented as being present. 22 licenses cover this area at the south-western end of the Mutare Greenstone Belt in which at least seven (7) clusters of artisanal workings can be observed from the satellite imagery.
? Nels Luck: Eight (8) licenses cover outcropping and sub-outcropping pegmatites. The main
pegmatite contains a discontinuous quartz core bordered by zones of cleavelandite with tantalite,
lepidolite and zinnwaldite float. Spodumene has been identified in the area from grab samples
collected. There are a number of artisanal workings in the project area.
? Bepe: Spodumene and petalite bearing pegmatites in the Bepe area were historically mined for
tantalite, beryl and other pegmatite minerals. 15 licenses cover portions of these historic workings
as well as interpreted extensions of the mined pegmatites.
? Chisuma: Six (6) licenses cover the interpreted pegmatites which have been partially exposed
through artisanal workings throughout the project area.
?

Get a jv signed for these 2 assets and Zulu