African Eagle Resources Regulatory News (AFE)

20 Sep 2007 08:03

African Eagle Resources PLC20 September 2007 African Eagle Resources plc Clarification with regard to award of Mokambo South Prospecting Licence in the Zambian Copperbelt With regard to the announcement on 18 September of the award to African EagleResources of the Mokambo South Prospecting Licence by the Ministry of Mines,Zambia, the Company would like to clarify that the results reported indicate adeposit of about 6 million tonnes with some 140,000 tonnes of contained metal(rather than 1.4 million tonnes, as stated in that announcement). John ParkChairmanAfrican Eagle Resources plc 20 September 2007 For further information, see the Company's web site www.africaneagle.co.uk orcontact one of the following: Mark ParkerManaging Director+44 20 7248 6059+44 77 5640 6899 Nicola MarrinSeymour Pierce+44 20 7107 8000 Ed Portman / Leesa PetersConduit PR, London+44 20 7429 6607 James DuncanRussell & Associates, Johannesburg+ 27 11 8803924 / +27 82 8928052 About African Eagle African Eagle is a diversified mineral exploration and development companyoperating in eastern and central Africa. The Company's principal advancedprojects are the Mkushi Copper Mines project in Zambia and the Miyabi goldproject in Tanzania, which are being fast-tracked towards production. TheCompany also holds a large well-balanced portfolio of promising earlier stagegold and base metal projects, including the Ndola copper project and the EagleEye iron-oxide copper gold project. Zambia, Tanzania and Mozambique, the sites of African Eagle's projects, are allcountries which have highly prospective geology, relatively low above groundrisks and track records of successful major investments in the metals andminerals industries. African Eagle specialises in project generation and exploration. To take itsdiscoveries into production, it seeks to sign up industry partners with recordsof successful mine development. These joint ventures and, in time, the revenuefrom advanced projects, will finance future exploration and new discoveries. Qualified Person Information in this report relating to exploration results is based on datareviewed by Mr Christopher Davies BSc, MSc, DIC, FSEG, FAusIMM, OperationsDirector for African Eagle, who is a Fellow of the Australasian Institute ofMining and Metallurgy, has more than 26 years relevant experience in mineralexploration and is a Qualified Person under AIM rules. Mr Davies consents to theinclusion of the information in the form and context in which it appears. Technical terms A glossary of technical terms used by African Eagle in this announcement andother published material may be found at www.africaneagle.co.uk/african-eagle-projects-glossary.html This information is provided by RNS The company news service from the London Stock Exchange