Zulu Assay Results and Pilot Plant Update

George Roach

Premier African Minerals Limited, is pleased to report on assay results at Premier’s Zulu Lithium and Tantalum Project (“Zulu”). These results continue to support our decision to proceed with the pilot plant and at the same time will be incorporated into the revised Mineral Resource update required to support the DFS.

George Roach, CEO commented, “I am pleased to share further assay results from Zulu. It is well worth noting ZDD114 in particular. These very pleasing results are further confirmation of our decision to go ahead with the construction of the pilot plant at Zulu. As mentioned in the RNS dated 26 August 2022, work is progressing well with the installation of the pilot plant, and we remain on target for hot commissioning in Q1 of 2023.”

Drill Holes: Lithium & Tantalum Results

The table below sets out the composites determined, as per the outlined compositing routine in the text below, from analyses received from the independent external laboratory analyses for holes ZDD104, ZDD111, ZDD112 & ZDD114.

Table 1 -Assay Summary Results

Hole

From (m)

To (m)

Width* (m)

Li2O%

Ta2O5 ppm

Rb ppm

ZDD104

 

208.24

 

215.68

 

7.44

 

1.04

 

53

 

1435

 

Incl.

209.24

 

210.24

 

1.00

 

2.06

 

6

 

1995

 

Incl.

 

213.68

 

214.68

 

1.00

 

1.40

 

55

 

942

 

ZDD104

 

255.05

 

257.25

 

2.20

 

0.90

 

91

 

817

 

Incl.

 

255.25

 

256.25

 

1.00

 

1.76

 

100

 

1020

 

ZDD104

 

268.30

 

273.30

 

5.00

 

1.79

 

74

 

963

 

Incl

270.30

 

271.30

 

1.00

 

2.01

 

76

 

793

 

ZDD111

 

209.32

 

211.48

 

2.16

 

0.96

 

186

 

2435

 

ZDD111

 

219.68

 

222.55

 

2.87

 

0.95

 

47

 

1326

 

ZDD112

 

168.80

 

176.80

 

8.00

 

1.37

 

39

 

1525

 

Incl.

169.80

 

173.80

 

4.00

 

1.85

 

32

 

1441

 

Incl.

 

174.80

 

175.80

 

1.00

 

1.63

 

38

 

2485

 

ZDD114

 

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111.98

 

135.70

 

23.72

 

1.51

 

93

 

2219

 

Incl.

 

114.40

 

115.40

 

1.00

 

2.33

 

82

 

2875

 

Incl.

 

123.40

 

125.40

 

2.00

 

2.07

 

147

 

1597

 

*Not True Width but lineal width

**0.50% Li2O cut-off applied.

The following compositing routine was applied:

·                   

0.50% Li2O cut-off was applied to the pegmatitic intersections only.

·                   

<2m standalone composites at the cut-off grade but with an overall weighted average grade of >0.5% Li2O are not reported however,

·                   

Within any composite >2m thickness, high-grade intersections of 1m are reported; and

·                   

Within any composite, inclusions of country rock of <2m thickness are included within the composite provided the overall grade of the composite is not <0.50% Li2O.

Table 2 – Drilling Progress

A summary of the number of drill holes completed both prior to and for the ongoing DFS is set out below:

PROGRAMME

No of Drill Holes Completed

Metres (m)

RST (1958)

7

903.90

ZULU – Initial Exploration

6

2,312.90

ZULU – PEA

43

5,809.10

ZULU – DFS (completed)

111

25,727.29

ZULU – DFS (in progress) *

See note below

*Given the number of outstanding analyses as set out in the table below, a temporary suspension has been imposed on the Resource drilling. Three drill rigs remain on-site and will continue Resource drilling in the next 10 days to more targeted area of the Resource.

Table 3 – Analytical Pipeline

A summary of the status of DFS drill core analysis is set out below:

DFS – results received to date

3,730

DFS – sample pulps at SGS Randfontein awaiting analysis

1,256

DFS – sample pulps ready to be shipped to SGS

401

DFS – samples being pulped at Antec

209

DFS – ongoing sampling of drill cores at site*

600

*Estimate

Quality Assurance/Quality Control (QA/QC)

The drill holes are initially sited using a hand-held GPS (Global Positioning System device) within the tenement areas. Accurate coordinates and elevations of drill holes collars are subsequently derived from a DGPS (Differential Global Position devices) survey.

Drill cores are geologically logged, intersections of interest are selected are marked-up with unique sample ID assigned before splitting and sampling. Cores are cut in half using a core cutter, individual samples bagged, and sent for analysis.

Alternating Certified Refence Materials (CRM), blank or duplicate samples are inserted every 10th sample into the sample stream sent to the laboratory to ensure QA/QC compliance. These QA/QC samples are assessed upon receipt of analyses, checked and, if acceptable, accepted into the analytical database. Follow-up with the laboratory is instigated in cases were any QA/QC sample fails the QA/QC parameters.

Currently, drill core samples are crushed and pulverised at the Antec Laboratory, Zimbabwe to 85% passing -75 microns. Sample pulps are inspected for export in Harare by the competent government authorities and couriered to the SGS Laboratory Services in Randfontein, South Africa where pulps are fused with sodium peroxide and analysed by ICP-OES and ICP-MS to report 51-elements. (SGS code ICP90A50 & IMS90A50).

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