Premier African Minerals Limited reported an update including assay results at Premier's Zulu Lithium and Tantalum Project ("Zulu"). These results include both surface trenches and drill holes located within the area of the mineral claims block but outside of the existing mining operations and pit development. By way of general update, civils associated with the thickener and new mill installation are substantially complete and first materials are now at site with further loads on route.

The new mill is expected to be the last component to be positioned at Zulu late in January 2024 with anticipated restart of operations as early in February as possible and the Board believes as previously reported that the Company is still on track to target revenue generating production by late-February 2024. Mining operations are now well developed, and The company anticipates no issues associated with ore delivery to Run of Mine pad in future. Whilst mining operations are a major cash cost at present, the future benefit when operations are underway at much reduced stripping ratios will more than offset this cost in the future.