Premier African Minerals Ltd (LON:PREM)

Premier African Minerals Ltd (LON:PREM)


Share Price
0.04 p
Change
0.005 (13.33 %)
Market Cap
£3.83 m
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Premier African Minerals Ltd

Premier African Minerals is currently developing a portfolio of strategic metals and agri mineral projects located across Africa.

Premier is an emerging tungsten producer from the RHA Tungsten Mine and is advancing the sizeable Zulu Lithium and Tantalum Project in Zimbabwe. In addition, the Company has an interest in TCT IF, an operating forestry business with a significant limestone...

EPIC: PREM
Market: AIM:PREM
52-week High/Low: 0.27p / 0.03p
Sector: General Mining
Market Cap: £3.83 m
Website: www.premierafricanminerals.com
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Big Picture – A Deep Dive Examination of Premier African Minerals Ltd


Premier African Minerals Ltd Snapshot

Premier is led by an experienced management team with a successful track record in the African mining sector.

The Company works across a wide range of commodities, including tungsten, lithium and tantalum, and rare earth elements.

The Company maintains strong relationships with governments and regional stakeholders, and is committed to the indigenisation process in Zimbabwe and to partnerships with empowerment enterprises.

The Company has offices in Lomé, Bamako and support services in Johannesburg.

Premier African Minerals has a significant portfolio of mining and exploration projects across Africa.

Premier is building a mining operation at RHA tungsten and conduction exploration programmes on its Zulu Lithium and Tantalum project.

Zimbabwe

Togo

Benin

Mozambique

Premier is led by a highly experienced team of mining professionals with significant expertise in the international mining and resource development sector with strong Africa-wide knowledge and a reputation as responsible operators.

George Roach
Chief Executive Officer & Executive Chairman

George Roach has extensive experience in natural resources sector in Africa. He has successfully obtained licenses and concluded mineral exploration and exploitation agreements in the entire SADC region, Ethiopia and most of the CEMAC and ECOWAS regions. Under the auspices of Exploration Services, he provided consultancy to prospective exploration companies and has acted in significant capacities for a number of start-ups that have subsequently listed on AIM and TSX-V. Prior to founding Premier, Mr Roach was Managing Director Africa, for UraMin Inc. Mr Roach maintains a number of other interests  in start-ups which include Anglo African Agriculture that recently acquired the Southern Africa based business of Dynamic Intertrade, as well as Agriminco Inc. A TSX-V listed Agricultural developer in Africa.

John Michalec
Chief Operating Officer

John Michalec is a mining professional with in excess of 35 years’ of experience in mining engineering gained at both open pit as well as underground operations across Africa with companies like Shanta Gold, First Quantum Minerals and Anglo American. Mr Michalec has significant experience in mine planning and production management of a range of metallic ores and non-metallic minerals as well as supervising large mining operations. In addition, Mr Michalec has significant experience in conducting preliminary studies on mineral projects across Africa.

Russel Swarts
Non-Executive Director and Finance Consultant

Russel qualified as a Chartered Accountant (South Africa) in 1989, after serving articles with Price Waterhouse in Johannesburg. After leaving the profession in 1991, Russel took up senior financial roles within a number of JSE listed South African companies. Subsequently, Russel was appointed as CEO of the largest specialist telecommunications group in South Africa before taking on a director role at a private equity investment group involved in energy and natural resources. Russel spent five years as CFO of AIM-traded URU Metals Ltd before consulting in his areas of expertise. Russel has extensive experience in Southern African and international listed entity reporting, rules and regulations, corporate governance, mergers and acquisitions, specialist financing, strategic planning and group reporting planning and structuring. Russel has been involved in auditing, group reporting, budgeting and forecasting, systems implementations and restructuring.

Jabulani Chirasha
General Manager

A qualified metallurgical engineer with in excess of 30 years’ of experience in mining and process engineering. Prior to joining RHA Tungsten, Mr Chirasha was senior manager at Anglo American in Zimbabwe. Mr Chirasha has authored a number of international papers on mining and process technology and is a speaker at international mining conferences.

Wolfgang Hampel
Senior Geologist

Mr Hampel is a seasoned geologist with 27 years of experience in lithium, rare earth elements and as well precious and base metals. Before joining Premier, between 2008 and 2012 Mr Hampel was Chief Operating Officer and consulting geologist for Tantalus Rare Earths AG which discovered a rare earth ionic clay deposit on the Ampasindava Peninsula in Northern Madagascar. Between 2006 and 2008, Mr Hampel was Head of the Department for Mining Infrastructure and Mineral Exploration for Fugro Consult GmbH, a leading geological and earth sciences consultancy and previously, Mr Hampel worked for the Federal Institute for Geosciences and Natural Resources, the central geoscientific authority providing advice to the German Federal Government on geoscience related matters. In the 1990s, Mr Hampel was involved in the discovery and development of several gold deposits and major gold anomalies in West Africa. Mr Hampel has a degree in Geology, Economic Geology and Petrology from the Technical University of Munich, Germany and is a member of the European Federation of Geologists (n° 1261) and the German Professional Association of Geoscientists. He is a Qualified Person for the purposes of the AIM Rules and NI43-101, JORC, the Pan-European Reserves and Resources Reporting Committee (PERC) and the South African Institute of Mining and Metallurgy (SAIMM).

Gerard Evans
Senior Resource Geologist

Mr Evans has 27 years' experience in geology and resource geology, primarily in the Southern African mining industry. He holds an Honours Degree in Geology from the University of the Witwatersrand and is registered with SACNASP. He is a Competent Person in gold.

Premier’s shares are publicly traded on Alternative Investments Market (AIM) with the stock ticker of PREM.

Securities in Issue 

The Company’s issued share capital consists 8,038,506,729 Ordinary Shares of no par value (last updated 10 March 2019).

Major Shareholders

As of the 27 September 2018 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing

3% or more of the issued share capital of the Company to which voting rights are attached:

Name Number of Ordinary Shares % Issued Share Capital
George Roach* 476,751,154 6.0%

Notes: * George Roach and/or structures associated with George Roach.
There are no restrictions on the transfer of the Company’s AIM securities.

Click here to view share price table.

South Africa Operational Support Office
The Croft
87, Main Road
Blue Hills (R55)
ZA 1685, Gauteng, South Africa

Tel: 27 (0) 100 201 281

Registered Office
Craigmuir Chambers
P.O. Box 71
Road Town
Tortola VG 1110
British Virgin Islands

Zimbabwe Office
19 John Plagis
Alex Park
Harare
Zimbabwe

Togo Office
213, rue de Agbanlepedogan
Lome
Togo
Tel: +228 22 25 04 86

For further information please email: [email protected]

South Africa Operational Support Office
The Croft
87, Main Road
Blue Hills (R55)
ZA 1685, Gauteng, South Africa

Tel: 27 (0) 100 201 281

Registered Office
Craigmuir Chambers
P.O. Box 71
Road Town
Tortola VG 1110
British Virgin Islands

Zimbabwe Office
19 John Plagis
Alex Park
Harare
Zimbabwe

Togo Office
213, rue de Agbanlepedogan
Lome
Togo
Tel: +228 22 25 04 86

For further information please email: [email protected]


Registered Office
Craigmuir Chambers
PO Box 71
Road Town
Tortola VG 1110
British Virgin Islands

Nominated Adviser
Beaumont Cornish Limited
2nd Floor, Bowman House
29 Wilson Street
London EC2M 2SJ
United Kingdom


Broker
Shore Capital Stockbrokers Limited
Bond Street House
14 Clifford Street
London W1S 4JU
United Kingdom

Auditor
KPMG INC.
85 Empire Road
Park Town
South Africa
2193


Solicitors to the Company
Winckworth Sherwood LLP
Minerva House
5 Montague Close
London, SE1 9BB
United Kingdom


Legal counsel to the Company in Zimbabwe
Scanlen & Holderness Legal Practitioners
CABS Centre
74 Jason Moyo Ave
P.O. Box 188 & 631
Harare
Zimbabwe


Legal counsel to the Company in the BVI
Harneys
Craigmuir Chambers
PO Box 71
Road Town
Tortola VG 1110
British Virgin Islands


Legal counsel to the Company in Togo
Martial Akakpo et Associes
27, rue Marechal Bugeaud
BP 62210, Lome
Togo


Legal counsel to the Company in Mali
Cabinet FSD Conseils
Hamdallaye
ACI 2000
Bamako Mali


Legal counsel to the Company in Benin
Martial Akakpo et Associes
O2 BP: 698
LOT 1800
Fidjrosse-Kpota
Cotonou
Benin


Legal counsel to the Company in Mauritius
Mahons
Suite 330
3rd Floor Barkly Wharf
Le Caudan Waterfront
Port Louis
Mauritius


Principal Bankers
Barclays Bank Plc
1 Churchill Place
London E14 5HP
United Kingdom


Registrar
Computershare Investor Services (BVI) Limited
Woodbourne Hall
PO Box 3162
Road Town
British Virgin Islands


Depository
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol BS99 6ZZ
United Kingdom

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