Member Info for NaPoM

PREM is raising $64m to cover the capital cost of building a processing plant for the production of 84,000t of spodumene concentrate and 32,0000t of petalite per annum. The carbonate route would require a capital investment of $238m to build a chemical plant and would require to take the project to DFS stage b4 any funding can be raised. Taking the concentrate route is the cheapest and fastest option of taking the zulu lithium project to production stage. Once in production the Project would generate average revenue per annum of US$81m, assuming a spodumene price of US$800/t and a petalite price of US$400/t, totalling US1bn over the 15 year life of mine.

Valhalla..it seems that your not even invested here so why waste your time. Stfu and f off.

It cost PREM $300k to buy 400k+ CASA shares which is equivalent to 6,128,822 arc mineral shares x 3.45p = £211k which in today's exchange rate is $281k.

The Zimbabwean government has signed a 5.2 billion dollars deal with a South Africa firm for the production of more than 8 million litres of liquid fuels per day from coal in Hwange. The deal was signed between South African firm, Nkosikhona Holdings and Verify Engineering Pvt Ltd, an agent of the Zimbabwe’s government in Harare. The deal will see the beneficiation of coal for production of liquid fuels, fertilisers and chemicals, the state-controlled Herald newspaper reported on Friday. The deal also involves coal production and the setting up of the beneficiation plant.

http://weeklyxpose.co.za/2018/05/18/zimbabwe-signs-5-2bn-fuel-deal-south-africa-firm/

Australian-listed Prospect Resources expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project in Zimbabwe and expects to produce concentrates for export in the next 14 months, a company official said on Sunday.

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKCN1IL0BZ

Govt is clearly working to make it easier to do business in zimbabwe. Certain laws that were delaying the deal from happening is being scrapped or amended. JV deals are now happening for other companies in zimbabwe...our turn will come and when it does you will kick yourself by not taking advantage of the low SP.

http://www.zimbabwesituation.com/news/new-law-to-drive-mergers-takeovers/?PageSpeed=noscript

Joint venture or strategic alliance deal is happening right now...term sheets were drawn up on 3rd may...i want to remind people that this is a fact...no if's not a gossip...believe in the assets.

The reason for raising 500k via primary bid late laat year was to Advance current successful exploration programme at the Zulu Lithium and Tantalum Project; · Flowsheet optimisation through further bulk metallurgical testwork; · Increase and upgrade the existing Maiden Mineral Resource Estimate; · Advance discussions with strategic groups with the view to conclude a joint venture or other acceptable strategic alliance intended to advance shareholder interest; · General working capital associated therewith.

Vox markets without the space

Replace the ******* with **********

https://www.**********.co.uk/blogs/premier-african-minerals-prem-savannah-petroleum-savp-w-resources-wres-chis-bailey-sn-ctec-eqn/

All funds needed to fund the zulu project will be raised from jv partner so there is no need to increase the share cap. Did you listen to the vox podcast on 3rd may?

This bit of news could be significant for PREM as it enables companies in Zim to merge quickly. RHA Tungsten Private Limited will imo merge with this new partner to form a new company.

Just in today....THE Companies Act will soon be replaced with the Companies and Other Entities Bill which will make it easier for investors to establish their firms in the country, a government official said Thursday. Finance and Economic Development Minister, Terrence Mukupe told a Round Table Discussion on Opening Up Zimbabwe to Corruption Free and Transparent Business that the move was in line with president Emmerson Mnangagwa’s Open for Business mantra. He said proposed changes would include the computerisation of the companies’ office, which was expected to eradicate undesirable practices within the office. “The proposed Act will accord the Registrar of Companies the same investigative powers as commissioners under the Commissioners of Inquiry Act into the operations of companies and private business corporations as well as recommend prosecution for criminal offences or civil proceedings by any aggrieved parties to recover any damages incurred from the infringement,” he said. Makupe said in an effort to improve the ease of doing business, government would also do away with some unnecessary pieces of legislation which only served to fuel bureaucratic red tape which in turn fuelled corruption.

Just in today....The British government has for the first time in over 20 years extended a direct commercial loan deal to Zimbabwe. In partnership with Standard Chartered Bank, the UK government will provide $100m to be loaned to the private sector in Zimbabwe. Zimbabwe is reported to have last accessed British funding 20 years ago after relations turned sour, following the country’s chaotic land reform programme which displaced farmers, most of whom were of British origin. The aftermath saw the UK government and its allies imposing sanctions on the Zimbabwean government, then led by former president Robert Mugabe. Zim gets first UK funding in 20 years 10:44 18/05/2018 Crecey Kuyedzwa Harare - The British government has for the first time in over 20 years extended a direct commercial loan deal to Zimbabwe. In partnership with Standard Chartered Bank, the UK government will provide $100m to be loaned to the private sector in Zimbabwe. Zimbabwe is reported to have last accessed British funding 20 years ago after relations turned sour, following the country’s chaotic land reform programme which displaced farmers, most of whom were of British origin. The aftermath saw the UK government and its allies imposing sanctions on the Zimbabwean government, then led by former president Robert Mugabe. Zimbabwe’s new President Emmerson Mnangagwa, appointed following the forced resignation of Mugabe, has however been on a re-engagement drive to mend relations with the international community, including the British government. Zimbabwe has for years struggled to obtain medium- to long-term international funding and the latest credit facility, according to Reserve Bank of Zimbabwe governor Dr John Mangudya, goes a long way towards improving the competitiveness of companies. Mangudya told state mouthpiece The Herald that over the years “there has been a deficit of medium-term funding which was not forthcoming to Zimbabwe. “This is going to improve the competitiveness of the industry in Zimbabwe in terms of retooling and improvement of productivity.” Offshore loans have for long been difficult to access by Zimbabwean companies and in cases where they have been available, the costs have been prohibitive and the terms very short. This is in addition to foreign currency challenges that have seen most companies struggling to convert bank balances into real cash or for export purposes. The CDC, Britain’s development finance institution, is however coming in and will share the default risk on loans to provide foreign exchange to Zimbabwean businesses struggling to operate. CDC chief executive Nick O’Donohoe said his organisation has been preparing the loan facility since the day Mugabe was replaced by Mnangagwa. He added that the planned loans are for the private sector and do not represent an endorsement of the Mnangagwa government. “Without US dollars, b

AGM for chamber of mines today....apparently bikita minerals are one of the companies presenting. They are likely to tell the zim govt to speed things up after reading an article about them. Bikita will be telling the govt to ride the wave for lithium is in demand now. Hopefully the zim govt will act on this.

http://www.thezimbabwemail.com/main/zanu-pf-heavyweights-fall-in-primary-elections/