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Premier gets 20-day extended due diligence on Cadence investment

24th August 2018

By: Marleny Arnoldi

Online News Editor

     

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Aim-listed Premier African Minerals and UK-based mining investment firm Cadence Minerals have agreed to extend the due diligence period on Premier’s Zulu project by a further 20 days until September 14, following unexpected interruptions as a result of the recent elections in Zimbabwe.

Premier and Cadence in June entered into a heads of terms agreement to fund the definitive feasibility study for the Zulu lithium project.

Cadence’s investment of up to $5.1-million secures it a 30% shareholding in the Zulu project.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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