Corporate Update
Premier African Minerals Limited has received a Writ of Execution from JR Goddard Contracting at its Zulu Lithium and Tantalum Project in Zimbabwe, seeking approximately US$2.2 million to enforce a previously stayed judgment of US$2.5 million. The company is in ongoing communication with the creditor and believes that any movable property attached may be recovered through further payment arrangements, contingent on the financial position at Zulu Lithium.
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Premier African Minerals Limited ("Premier" or the "Company") provides the following update regarding the notice of demand received from JR Goddard Contracting ("Creditor"), which sought payment of US$2.3 million prior to enforcing a previously stayed judgment of US$2.5 million, as announced on 10 December 2025.
The Creditor has now issued a Writ of Execution for Movable Property at the Zulu Lithium and Tantalum Project ("Zulu Lithium") in the High Court of Zimbabwe ("Writ"), seeking to realise an amount of approximately US$2.2 million. Communication between the parties remains open and ongoing and the Company believes that, subject to the financial position at Zulu Lithium, any movable property attached pursuant to the Writ may be recovered through the agreement and implementation of further payment arrangements with the Creditor.
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