AGM Corporate Presentation

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining

30 September 2013

African Consolidated Resources plc ('AFCR' or 'the Company')
AGM Corporate Presentation

African Consolidated Resources plc, the AIM listed resource and development company announces that an updated Corporate Presentation is available for download on the Company's website  www.afcrplc.com.  The Company will present this to shareholders at today's Annual General Meeting ("AGM").  

The presentation includes a statement that SRK Consulting (South Africa) has independently confirmed the estimation of the Pickstone Peerless Resource, as separately announced today, and gives an update on what has been spent to date and potential sources of additional finance which could include debt, equity and/or other monetisation options.  

As at 31 August 2013, the Company had a cash balance of $5.9 million, having spent $8.1 million in the year to date. This represents a substantial reduction in rate of expenditure from the Company's initial budget. Of this total, approximately 68% had been invested in the Company's Zimbabwean assets, 5% in Zambia, 6% in Romania and 21% spent on corporate overheads.

The Company continues to be engaged with various parties in respect of additional sources of finance, including receipt of a project finance terms sheet for $20 million.  In the event that additional finance is not forthcoming, or on disadvantageous terms, the Company will introduce a programme of substantial cost reductions in order to continue trading as a going concern.

No new material information will be disclosed at the AGM.

**ENDS**

For further information visit www.afcrplc.com or please contact:

Roy Tucker     African Consolidated Resources plc   [phone]

[phone]

Craig Hutton     African Consolidated Resources plc   [phone]

Andrew Godber   Panmure Gordon (UK) Limited     [phone]

Adam James     Panmure Gordon (UK) Limited     [phone]

Susie Geliher     St Brides Media & Finance Ltd     [phone]

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Source: African Consolidated Resources Plc via Thomson Reuters ONE

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