Last checked at 14 Apr 2022 07:00
14 April 2022
Premier African Minerals Limited
Appointment of Director
Premier African Minerals Limited ("Premier" or the "Company"), pleased to confirm the appointment of Dr Luo Wei as Non-Executive Director of the Company with immediate effect.
Dr Luo Wei, aged 45, is a geologist with 23 years of experience who has worked in senior engineer positions for the past 12 years in a variety of locations. He has experience in the discovery and exploration of precious, nonferrous and base metal mineral resources internationally, including the DRC, Republic of Congo, Nigeria, Pakistan, South-East Asia and China. Dr Luo Wei has a PhD. in Geology from the Central South University of Changsha, China and is currently Director (non-board) of Mineral Resources at Yibin Tianyi Lithium Technology Innovation Co., Ltd.
As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies, Dr Luo Wei has held the following directorships and/or partnerships in the past five years:
Current directorships and/or partnerships | Past directorships and/or partnerships
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n.a. | Sinotech of Changsha Minerals Exploration Co Ltd |
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Dr Luo Wei has been nominated a director of the Company by Suzhou TA&A Ultra Clean Technology Co., Ltd. ("Suzhou TA&A") which has the right, pursuant to the recently completed subscription, to appoint one director to serve on the boards of Premier, Zulu Lithium Mauritius Limited, and Zulu Lithium Private limited. Suzhou TA&A has an interest of 13.38% in the issued share capital of the Company. Dr Luo Wei holds no ordinary shares in the Company.
There is no further information on Dr Luo Wei required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
Market Abuse Regulation
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
The person who arranged the release of this announcement on behalf of the Company was George Roach.
Enquiries
George Roach | Premier African Minerals Limited | Tel: +27 (0) 100 201 281 |
Michael Cornish / Roland Cornish | Beaumont Cornish Limited (Nominated Adviser) | Tel: +44 (0) 20 7628 3396 |
John More/Toby Gibbs | Shore Capital Stockbrokers Limited | Tel: +44 (0) 20 7408 4090 |
Matthew Bonner | EAS Advisors LLC | Tel: +1 646 495 2225 |
Notes to Editors
Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company has accepted a share offer by Vortex Limited ("Vortex") for the exchange of Premier's entire 4.8 per cent interest in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, for a 13.1 per cent interest in the enlarged share capital of Vortex. Vortex has an interest of 36.7 per cent in Circum.
In addition, the Company holds a 19 per cent interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.
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