Premier African Minerals (PREM) Corporate presentation summary

Corporate overview and strategy

• AIM-listed mining and exploration company with a portfolio of African assets and an experienced management team.

• Focus on innovative processing methods to fast-track spodumene concentrate production.

• Fully commissioned plant at Zulu Project and multi-commodity exploration opportunities.

• Key projects include Zulu Lithium, Li3 JV, RHA Tungsten, Otjozondu Manganese, Katete REE, and Tinde Fluorspar.

Zulu Project highlights

• Located in Zimbabwe's Fort Rixon Greenstone Belt, with claims acquired in 2010 and EPO covering 205km².

• Well-mineralised LCT-type pegmatite swarm with drilling confirming thick intersections and >1% Li₂O grades.

• Indicated and inferred mineral resource of 24.75Mt at 0.43% Li₂O and 42.2g/t Ta₂O5 as of January 2024.

• Open cast mining with a 15-year life of mine and 50,000 TPA spodumene concentrate output.

• Modular plant design with advanced ore sorting, flotation, and bagging; fully commissioned and in production.

Market outlook and production

• Global lithium demand projected to rise from 0.5Mt in 2021 to 2.4Mt by 2030, driven by EV growth.

• Current spot prices: $1,000/t for 6% spodumene concentrate, $1,600/t for 7% technical grade.

• Zulu Project targets 120 TPH feed rate and ongoing resource development to expand reserves.