Premier holds a 49% interest in the RHA Tungsten joint venture, and has operational management control of the RHA Tungsten Mine. Premier’s JV partner is the government-backed National Indigenisation and Economic Empowerment Fund (NIEEF), with a 51% interest.
The plant is owned 100% by Premier.
Premier had several approaches from parties interested in either an acquisition or investment into RHA, but not whilst the claims blocks continue to be majority owned by the Zimbabwean Government. Despite the intention to relocate the plant at RHA, which is owned 100% by Premier African Minerals, during 2024, this did not happen mainly based to periodic assurances from NIEFF that the status of the share ownership would be resolved. This has not happened, and Premier African expects, therefore, that dispose of this plant by 31 December 2025, if the majority ownership by NIEFF has not resolved or relocated the plant to alternative mining operations within Zimbabwe.

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