Premier African Minerals (PREM) AGM 2025 summary

Opening remarks and agenda

• Chairman confirmed quorum and introduced panelists, outlining the meeting structure and inviting shareholder participation in Q&A after formal business.

Overview of voting outcomes

• All four resolutions passed: reappointment of director, disapplication of preemptive rights for share issues, further disapplication for conversion rights, and a 1-for-10 share consolidation.

• Voting support ranged from 84% to nearly 90% in favor for each resolution.

Strategic initiatives and plans

• Plant upgrades at Zulu are progressing, with spodumene cleaner cell inserts expected to be installed by late June and production resuming after July 4.

• Backup spodumene float section targeted for completion by mid-August; plant reassessment planned for mid-July or after August depending on progress.

• Negotiations with Canmax regarding prepayment repayment to commence once plant is operational, expected by late August.

• Ongoing efforts to reduce costs by transitioning from diesel to grid power and exploring byproduct recovery (tantalum, high purity quartz).

• EPO renewal and new claims lodged over prospective pegmatites; Mutare claims under due diligence by two companies.