Postponement of General Meeting

22 October 2024

Premier African Minerals Limited

Postponement of General Meeting

Premier African Minerals Limited ("Premier" or the "Company"), announces that it will be postponing the General Meeting ("GM") scheduled to be held at the Chesterfield Mayfair Hotel, 35 Charles Street, London W1J 5EB, United Kingdom at 15:30 (BST) on 23 October 2024.

The Company has agreed to postpone the GM as a result of issues reported by the Company's registrar in respect of the capturing of CREST votes within the CREST system, including uncertainty around a potentially large voting instruction against the resolution.

Shareholders should be advised that all current votes will remain valid, however shareholders will have the right to withdraw their vote, change their vote, or submit a vote for those who have not yet voted, in the window before the new proxy deadline date for the postponed GM which is expected to be announced on 25 October 2024.

For additional support with voting or inquiries regarding the GM, shareholders can contact the Company or its registrar.

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

Enquiries:

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 and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company has accepted a share offer by Vortex Limited ("Vortex") for the exchange of Premier's entire 4.8% interest in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, for a 13.1% interest in the enlarged share capital of Vortex. Vortex has an interest of 36.7% in Circum.

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

Nominated Adviser Statement

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.

 
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