Premier African Minerals Limited Board Changes (3428K)
April 10 2018 - 2:01AM
UK Regulatory
TIDMPREM
RNS Number : 3428K
Premier African Minerals Limited
10 April 2018
Premier African Minerals Limited / Ticker: PREM / Index: AIM /
Sector: Mining
For immediate release
10 April 2018
Premier African Minerals Limited
Board Changes
Premier African Minerals Limited ("Premier" or the "Company")
announces that Mr John Stalker ("Mr Stalker") has today resigned as
a director of the Company and simultaneously Mr Wolfgang Hampel
("Mr Hampel") has been appointed as a director of the Company with
immediate effect.
George Roach, CEO and Chairman commented: "Mr Stalker has made a
valuable contribution to the development of the Company over
several years. On behalf of the Company and the Board, I would like
to express my appreciation and wish him well in future endeavours,
and his goal of reducing his current work load.
At the same time, I welcome Mr Hampel to the Board. Mr Hampel is
a widely experienced seasoned geologist and has overseen Premier's
exploration projects in Zimbabwe since 2014. His knowledge and
experience in pegmatite ore bodies and rare earth elements is
significant as we look to progress Zulu Lithium to definitive
feasibility study and with re-emerging interest in rare earth
elements (REEs), revitalise our exploration of the Katete rare
earth carbonatite complex."
Appointment of Mr Hampel
The Company has today appointed Mr Hampel as a director. Mr
Hampel is a seasoned geologist with 27 years of experience in
lithium, rare earth elements and as well precious and base metals.
Before joining Premier, between 2008 and 2012 Mr Hampel was Chief
Operating Officer and consulting geologist for Tantalus Rare Earths
AG which discovered a rare earth ionic clay deposit on the
Ampasindava Peninsula in Northern Madagascar. Between 2006 and
2008, Mr Hampel was Head of the Department for Mining
Infrastructure and Mineral Exploration for Fugro Consult GmbH, a
leading geological and earth sciences consultancy and previously,
Mr Hampel worked for the Federal Institute for Geosciences and
Natural Resources, the central geoscientific authority providing
advice to the German Federal Government on geoscience related
matters. In the 1990s, Mr Hampel was involved in the discovery and
development of several gold deposits and major gold anomalies in
West Africa.
Mr Hampel has a degree in Geology, Economic Geology and
Petrology from the Technical University of Munich, Germany and is a
member of the European Federation of Geologists (ndeg 1261) and the
German Professional Association of Geoscientists. He is a Qualified
Person for the purposes of the AIM Rules and NI43-101, JORC, the
Pan-European Reserves and Resources Reporting Committee (PERC) and
the South African Institute of Mining and Metallurgy (SAIMM).
Further AIM Disclosures
Further disclosures on Mr Hampel as required under Schedule Two,
paragraph (g) (i)-(viii) of the AIM Rules for Companies are as
follows:
Mr Wolfgang Hampel, aged 54, has held the following
directorships and/or partnerships in the past five years:
Current: Past:
--------- ------
n.a. n.a.
--------- ------
Mr Hampel will be an executive director. Mr Hampel currently
holds options to subscribe up to 8,000,000 ordinary shares of no
par value in the Company on the terms set out below:
Number of shares Exercise Price Expiry Date
covered by option
------------------- --------------- ----------------
2,500,000 1.5p 28 July 2024
2,750,000 0.28p 14 January 2027
2,750,000 0.4p 14 January 2027
------------------- --------------- ----------------
There is no further information on Mr Hampel required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014. The person who arranged for
the release of this announcement on behalf of the Company was
George Roach, Director.
Enquiries:
Premier African Tel: +44 (0)7734
Fuad Sillem Minerals Limited 922074
------------------ --------------------------- -----------------
Michael Cornish Beaumont Cornish Tel: +44 (0)
/ Roland Cornish Limited 20 7628 3396
(Nominated Adviser)
------------------ --------------------------- -----------------
Jerry Keen/Edward Shore Capital Stockbrokers Tel: +44 (0)
Mansfield Limited 20 7408 4090
------------------ --------------------------- -----------------
Brandon Hill Capital Tel: +44 (0)
Jonathan Evans Limited 20 3463 5000
------------------ --------------------------- -----------------
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 flagship RHA project 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. In addition, the Company
holds 5,010,333 shares in Circum Minerals Limited ("Circum"), the
owners of the Danakil Potash Project in Ethiopia, which has the
potential to be a world class asset. Premier also has a 4.5%
interest in Casa Mining Limited, a subsidiary of Arc Minerals
Limited that has a 71.25% interest in the 1.5-million-ounce
inferred resource Akyanga gold deposit in the DRC.
Forward Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan" "will"
or the negative of those variations or comparable expressions
including references to assumptions. These forward-looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding the
Company's future growth results of operations performance future
capital and other expenditures (including the amount. nature and
sources of funding thereof) competitive advantages business
prospects and opportunities. Such forward looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. Many factors
could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business
conditions competition environmental and other regulatory changes
actions by governmental authorities the availability of capital
markets reliance on key personnel uninsured and underinsured losses
and other factors many of which are beyond the control of the
Company. Although any forward-looking statements contained in this
announcement are based upon what the Directors believe to be
reasonable assumptions. The Company cannot assure investors that
actual results will be consistent with such forward looking
statements.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAFKCDKFBKDDQK
(END) Dow Jones Newswires
April 10, 2018 02:01 ET (06:01 GMT)
Premier African Minerals (LSE:PREM)
Historical Stock Chart
From Apr 2024 to May 2024
Premier African Minerals (LSE:PREM)
Historical Stock Chart
From May 2023 to May 2024