8 Jul 2008 14:00
AFRICAN EAGLE RESOURCES plc
DIRECTOR'S DEALING
Bevan MetcalfCompany SecretaryAfrican Eagle Resources plc
8 July 2008
For further information, see the Company's web site www.africaneagle.co.uk or contact one of the following:
Mark Parker
Managing Director
+44 20 7248 6059
+44 77 5640 6899
Nicola MarrinSeymour Pierce LimitedNominated Adviser+44 20 7107 8000
Russell & Associates, Johannesburg Charmane Russell +27 11 880 3924 +27 82 892 8052
Conduit PR Ed Portman / Leesa Peters +44 20 7429 6607 +44 (0) 7733 363 501
About African Eagle
African Eagle is a diversified mineral exploration and development company operating in eastern and central Africa. The Company's principal advanced projects are the Mkushi Copper Mines project in Zambia, for which a Feasibility Study will be completed in Q4 2008, and the Miyabi gold project in Tanzania, at which the Company has defined an estimated half-million ounce gold resource. The Company also holds a large well-balanced portfolio of promising earlier stage gold and base metal projects, including the Ndola and Mokambo copper projects.
Zambia, Tanzania and Mozambique, the sites of African Eagle's projects, are all countries which have highly prospective geology, relatively low aboveground risks and track records of successful major investments in the metals and minerals industries.
African Eagle specialises in project generation and exploration. To take its discoveries into production, it seeks to sign up industry partners with records of successful mine development. These joint ventures and, in time, the revenue from advanced projects, will finance future exploration and new discoveries.