logo-loader
viewPremier African Minerals Ltd

Premier African Min - Extension to reporting deadline

RNS Number : 6980Q
Premier African Minerals Limited
22 June 2020
 

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

For immediate release

 

 22 June 2020

 

Premier African Minerals Limited

 

Extension to reporting deadline

 

Premier African Minerals Limited ("Premier" or the "Company") announces that, further to the guidance provided by AIM Regulation in "Inside Aim" on 26 March 2020, the Company has been granted an extension of up to three months for the reporting and filing of its financial results for the year ended 31 December 2019, such that it will publish these results as soon as possible, but by no later than 30 September 2020.

 

George Roach, CEO commented, "The extent of the shutdown imposed initially in South Africa and now lately in Zimbabwe was such that neither site visits nor even business travel was possible, and the result is that proper reassessment of the Company projects for purposes of the audit (including any review of historic impairments) could not be undertaken.

 

Elements of the audit are well advanced, and the Company does not foresee any difficulty in meeting the 30 September 2020 deadline for both annual financials and interims. A further update will be provided in due course."

 

Enquiries:

Fuad Sillem

Premier African Minerals Limited

Tel: +44 (0)7734 922074

Michael Cornish / Roland Cornish

Beaumont Cornish Limited

(Nominated Adviser)

Tel: +44 (0) 20 7628 3396

Jerry Keen/Edward Mansfield

Shore Capital Stockbrokers Limited

Tel: +44 (0) 20 7408 4090

 

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, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company holds 5,010,333 shares in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset.

 

In addition, the Company holds a 19% interest in MN Holdings Limited, the owner and operator of the Otjozondu Manganese Mining Project in Namibia.

ENDS


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
NORFTMATMTMTBLM

Quick facts: Premier African Minerals Ltd

Price: 0.07

Market: AIM
Market Cap: £8.71 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Premier African Minerals CEO says it's time to add serious value to its...

Premier African Minerals Limited's (LON:PREM) George Roach updates Proactive's Andrew Scott on developments at the RHA tungsten mine in Zimbabwe as well as the recent reported increase in production at the Otjozondu manganese mine in Namibia. On Zulu, he says they continue to be encouraged that...

3 weeks, 4 days ago