Zulu Lithium Plant Update

Premier African Minerals Limited ("Premier" or the "Company") is pleased to provide a further update on the commissioning progress of the recently installed scrubber unit at the Zulu Lithium and Tantalum Project ("Zulu") as announced on the 17 July 2024.

Zulu Float Plant

Premier confirms that the suppliers of the float plant have firmly stated that they have full confidence in the ENPROTEC flotation units' capabilities to effectively produce SC6.

As previously announced, the plant has already produced a spodumene concentrate at 6.2% Li2O, effectively better than SC6. The suppliers of the float plant have confirmed that they are committed to determine what input changes can and need to be implemented to the plant operation to produce the required grade at the required recovery at target output and will apply these changes first on a laboratory scale to fully understand the effects of each and how to then implement these changes in the plant within the shortest time frame possible.

Anticipated changes relate to points at which reagents are dosed, agitation speeds and flow rates between components, slurry densities and cell resident times and Premier does not contemplate any additional plant or equipment at this time.

George Roach, CEO, commented, "On the one hand Premier is pleased that we are at the back end of the optimisation process, but frustrated that real optimisation of the float circuit could only properly start after Q1 2024 after commissioning of the new mill and subsequent installation of the scrubber.

The progress made this year on the most complex part of this plant is actually very good and we should not lose sight of the fact that this initial plant at Zulu is likely only the beginning of a long and exciting development for this project.

Premier would like to take this opportunity to remind shareholders that Premier's internal estimate (including Zulu) of the all- in-projected cost, which has not been independently verified, on a delivered China port basis, inclusive of all administrative and overhead costs is less than US$750 ton SC6 when plant output reaches 4,000 tons per month.

This cost per ton excludes any recovery of tantalum, excludes a potential double expansion of the float section of the plant based on the over-capacity in the comminution circuit, excludes any potential from high purity quartz and excludes the potential in the additional claims established in the EPO region."

ENPROTEC

ENPROTEC have reviewed and approved this release to the extent that reference is made to the commissioning of the scrubber unit and expected performance of the scrubber unit.

Market Abuse Regulations

The person who arranged the release of this announcement on behalf of the Company was George Roach.

A copy of this announcement is available at the Company's website, www.premierafricanminerals.com

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