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RNS Number : 9703V Premier African Minerals Limited 23 September 2026 23 September 2026 Premier African Minerals Limited ( ' Premier ' or ' the Company ' ) Unaudited Interim Results for the six months ended 30 June 2026 Premier African Minerals Limited ( " Premier " or the " Company " ) announces its unaudited interim results for the six months ended 30 June 2026 ( " Period " ) . Statement from the Managing Director Dear Shareholders , The period under review , and the months since , have continued to require a careful balance between progressing Zulu Lithium Private Limited ( " Zulu Lithium " ) towards sustainable production , meeting the Group's working capital requirements , addressing outstanding creditor obligations and protecting the value of Premier's wider portfolio . Our immediate priority remains clear . Zulu Lithium is the principal operational focus of the Group and , following the conclusion of an agreement with Canmax Technologies Co. Ltd ( " Canmax " ) as announced on the 14 September 2026 , our primary capital allocation objective will be to ensure that Zulu Lithium is appropriately supported , subject to available funding , and positioned to progress towards sustainable production . Creditor and Financial Position As at 30 June 2026 , the Group had total current liabilities of approximately US $ 60.380 million . This included approximately US $ 48.222 million relating to amounts recognised in connection with the Group's Offtake and Prepayment Agreement , US $ 7.885 million of trade creditors , US $ 1.460 million of accrued and payroll - related liabilities and US $ 2.813 million of other current liabilities . Alongside the funding requirements of Zulu Lithium , the Board remains focused on resolving a number of material outstanding creditor positions in an orderly and commercially responsible manner . As previously announced , amounts remain outstanding to J R Goddard Contracting ( Private ) Limited ( " JRG " ) under the existing settlement arrangements . JRG has agreed to refrain from taking further enforcement action until 30 September 2026 while Premier progresses its proposed fundraising , General Meeting and contemplated share issue and sale process . The Company has undertaken to use all reasonable endeavours to maximise the funding available and make as substantial a payment as possible to JRG during this period , although there can be no guarantee as to the amount or timing of funds available . JRG has confirmed that it remains prepared to proceed with the proposed share issue and orderly sale mechanism contemplated in the Notice , with the objective of reducing and ultimately settling the remaining indebtedness . The standstill is limited to 30 September 2026 and does not constitute a waiver of JRG's existing rights . Separately , an amount of £ 1,727,609.60 , together with applicable interest , remains outstanding and in default under a Loan Facility Agreement provided by George Roach ( details of the Loan Facility Agreement were set out in the announcements dated 9 and 18 August 2023 ) . The Company remains in discussions with George Roach regarding the timing and structure of repayment and has under the Notice allocated approximately US $ 300,000 towards the payment of interest . George Roach has to date continued to engage constructively with the Company ; however , the absence of a firm repayment timetable has become a matter of increasing concern to George Roach and legal action is being contemplated should an acceptable way forward not be agreed . A further amount of approximately US $ 192,397.81 remains outstanding pursuant to an existing judgment in favour of Pick Glow Trading ( Pvt ) Limited , trading as Glow Petroleum . Zulu Lithium has not been able to maintain the agreed monthly instalments of US $ 40,000 and , as a consequence , the judgment is enforceable . As at the date of this report , however , the Company is not aware of any further enforcement action having been taken . Zulu Lithium is seeking to engage constructively with Glow Petroleum with the objective of agreeing an orderly resolution , although its ability to propose and maintain a revised payment arrangement is dependent on greater certainty around the availability of funding . The Company has also received correspondence from Environmental and Process Technologies ( Pty ) Ltd ( " ENPROTEC " ) demanding payment in respect of amounts outstanding by Zulu Lithium , with a balance of ZAR15,940,455.08 . Zulu Lithium remains committed to engaging constructively with ENPROTEC with a view to regularising the outstanding account and establishing an orderly and commercially sustainable repayment arrangement , and discussions are ongoing regarding the timing and structure of an appropriate way forward .