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Interim Results for the 6 Months Ended 31 December 2013
Interim Results for the 6 Months Ended 31 December 2013
London, Mar 5, 2014 AEST (ABN Newswire) - Baobab Resources plc (LON:BAO) the iron ore, base and precious metals explorer with a portfolio of exploration projects in Mozambique, is pleased to announce its Interim Results for the six months ended 31 December 2013.

Jeremy Dowler, Chairman of Baobab commented:

"I am pleased to present the Company's unaudited results for the six months ended 31 December 2013. Baobab is fortunate in having two very supportive shareholders in AMED and the IFC both of whom have remitted funds after the Balance Sheet date. AMED remitted funds as a result of the completion and approval of the conditional placement of 8,500,000 shares at a placement price of 15p per share and the IFC contributed approximately GBP425,000 representing the balance of their share of joint venture expenses on the Tete pig iron/vanadium project as at 31 December 2013."

The 31 December 2013 Interim Financial Report is available on the Company's website www.baobabresources.com. Extracts from these financial statements are set out in the link below.

To view the Interim Financial Report, please visit:
http://media.abnnewswire.net/media/en/docs/76718-LON-BAO-20140305.pdf


About Baobab Resources plc

Baobab Resources plc (LON:BAO)Baobab Resources plc (LON:BAO) is a Mozambican-focused explorer with a large landholding in the central north of the country. The company's flagship project is the Tete iron ore deposit.

 


Contact

Baobab Resources plc
Ben James
Managing Director
Tel: +258 21 415 200

Frank Eagar
CFO
Tel: +258 21 415 200
Baobab Resources plc


Jeremy Dowler
Chairman
Tel: +44 1372 450 529

Grant Thornton UK LLP (Nomad)
Philip Secrett/ David Hignell/Jamie Barklem
Tel: +44 20 7383 5100

Shore Capital (Broker)
Jerry Keen / Toby Gibbs
Tel: +44 20 7408 4090



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