LONDON (Alliance News) - African Battery Metals PLC on Friday said it has recommenced exploration activities at the Kisinka copper-cobalt project in the Democratic Republic of Congo.
African Battery shares were trading up 17% at 0.52 pence each on Friday morning.
The exploration programme is focussed on identifying areas of copper and cobalt mineralisation with the aim of follow up drilling if "appropriate drill targets present themselves", the company explained.
"African Battery Metals is an exploration and development company, and after the challenges in late 2018 and the subsequent refinancing restoring the company's financial position, it is extremely positive to be focused back on the advancement of our business interests through exploration," Executive Director Paul Johnson said.
He added: "Alongside the Kisinka project we are pursuing a number of existing and new initiatives seeking the highest impact for shareholders and seeking to punch above our weight utilising our now robust financial position in a measured and disciplined manner."