DIVERSIFIED mining group,
The lithium mine is one of the 25 projects that the Government through general notice 328 of 2021, has granted Exclusive Prospecting Orders for a period of three years up to 2024.
Premier has announced a placing to raise £1 000 000 before expenses at an issue price of
The group's chief executive officer, Mr
The placement is intended to ensure too there is no interruption to the work in progress at Zulu as well as allowing additional time to enhance value through the DFS, and comprehensively and without any pressure assess other options available to fund the balance of the DFS.
"It is worth noting that this placement today represents a nominal dilution of approximately 3,5 percent and is a small price to pay for retention of 100 percent of Zulu and the potential upside from the Exclusive Prospecting Order," said
Details of early drilling at Zulu and an update on Premier's RHA Tungsten project in Matabeleland North, among other projects outside
In April, Premier announced that it had initiated a DFS and a funding strategy to be applied in future development of its Zulu lithium and tantalum project in Matabeleland South. It said the projected timeline to complete the DFS at Zulu had been ratified by
The mining group has also announced that a geological mineral processing engineering firm, Hainstech, completed a site visit to Zulu and reported on the deposit and its potential as announced on
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