Baobab Resources plc (LON:BAO) Interim Results for the 6 Months Ended 31 December 2013

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) 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.

 

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