Baobab Resources plc Stock Market Press Releases and Company Profile

View in Other Languages Baobab Resources Plc (LON:BAO) Atualização do Projeto de JV de Changara com Metals of Africa Baobab Resources Plc与非洲金属的合资项目Changara项目进展更新 Baobab Resources Plc (LON:BAO) Changara JV Project Update with Metals of Africa Baobab Resources Plc (LON:BAO)與非洲金屬的合資項目Changara項目進展更新 
Changara JV Project Update with Metals of Africa
Changara JV Project Update with Metals of Africa

London, Nov 27, 2013 AEST (ABN Newswire) - Baobab Resources Plc (googlechartLON:BAO) ('Baobab' or the 'Company') is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province (the 'Tete Project'), one of Africa's fastest growing mining centres. Other assets in the Company's portfolio include the Changara project which is being operated under a Joint Venture ('JV') with ASX listed Metals of Africa (please refer to RNS dated 28 November 2012).

Baobab announces that today an exploration update was made by Metals of Africa (googlechartASX:MTA). An extract of the announcement is presented below and the full announcement is available on the Australian Stock Exchange website:

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=mta

Alternatively, Investors may be able to download a copy from the Company's website:

http://baobabresources.com/investor/aim-announcements

HIGHLIGHTS

- Discovery of a third mineralised vein system at the Changara Project Joint Venture (refer to RNS dated 4 October 2013 for details on previous discoveries).

- Initial grades up to 8.2% Pb and 3,250ppm Zn returned from portable XRF analysis at the new 'Fred-Lead' Prospect.

- Stratigraphically hosted, anomalous Zn (>1,000ppm) zone in soil sampling over 1 km strike length adjacent to vein.

- Soil sampling program to discover new mineralised prospects is ongoing.

To view the Metals of Africa release, please visit:
http://media.abnnewswire.net/media/en/docs/76242-LON-BAO-20131127.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.

abnnewswire.com 


Contact

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

Jeremy Dowler: Chairman
Tel: +44 1372 450529

Frank Eagar: CFO
Tel: +258 21 415 200

Grant Thornton UK LLP
Philip Secrett | David Hignell | Jamie Barklem
Tel: +44 20 7383 5100

Shore Capital Stockbrokers
Jerry Keen | Toby Gibbs
Tel: +44 20 7468 7964

Fortbridge Consulting
Matt Beale
Tel: +44 7966 389 196



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