Consolidates Land Position in Highly Prospectiv...

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                               12 September 2011
          African Consolidated Resources plc ('ACR' or 'the Company')
   Consolidates Land Position in Highly Prospective IOCG District, in Zambia

African  Consolidated  Resources  Plc,  the  AIM listed Southern African focused
resource  development company, is pleased to  announce that it has acquired four
additional  licences,  totalling  1,400 hectares,  within the highly prospective
Kasempa  Iron Oxide-Copper-Gold  ('IOCG') Project  area in  north-western Zambia
('the Kasempa Project').

  * Acquisition  of additional  licences consolidates  the Company's position in
    the  high  grade  and  historically  producing  Kasempa  district  including
    complete  consolidation of the northern zone of the Jikambo target which has
    recognised prospectivity
  * The  region  is  known  to  have  considerable  potential for IOCG ± Silver,
    Cobalt,  Uranium  and  Rare  Earth  style  mineralisation similar to that of
    Olympic Dam IOCG deposit and the Ernest Henry mine in Australia

  * These  new licences bring ACR's total  land position in the immediate region
    to 21,500 hectares (215 sq km)
  * The  key  lease  is  large-scale  prospecting  licence 12199-HQ-LPL, located
    approximately 80 km west of the town of Kasempa
  * The  acquisition  is  in  line  with  the  Company's  strategy to expand its
    portfolio  of assets  across Zambia  and Southern  Africa to  complement its
    proven Zimbabwean assets and diversify shareholder exposure
  * The  Kasempa Project represents an underexplored mineralised district - with
    well   defined  high-quality  outcropping  targets  identified  by  previous
    explorers  coupled  with  extensive  mineralisation  extrapolated  to extend
    beneath unexplored, shallow Kalahari Sands style cover
  * Historical  work in  the 1960s to  1990s did not  have access  to the modern
    technology used in such an environment - ACR has in-house skills and sensing
    equipment as well as access to outsourced parties where necessary to do full
    justice to the region
  * Existing  coarse  aeromagnetic  surveys  have  identified  three significant
    anomalies  which  will  be  priorities  for  exploration  work;  the Jikambo
    Prospect ('Jikambo'), the Northern Prospect and the Southern Prospect
  * Jikambo is a 7 km long by 3 km wide, broad soil and auger geochemical Copper
    anomaly  which was  discovered in  the 1970s by  Roan Consolidated Mines Ltd
    ('RCM')  and  is  associated  with  potassic  altered,  syenitic intrusives,
    quartz-hematite  ironstone,  NNE  trending  faults  and a prominent magnetic
    anomaly
  * RCM  reported a vein  of hematite, pyrite  and chalcocite, averaging 12.05%
    total  copper  over  an  intersected  thickness  of 1.5 metres in drill hole
    RKN719
  * ACR  rock chip samples from the Jikambo Prospect demonstrate values of up to
    1.8% copper,  38.77% iron,  178ppb gold,  3.7% phosphorus and 137ppm uranium
    and underpins high grade prospectivity of Kasempa Project
  * Intention to immediately fly the area with detailed magnetic and radiometric
    surveys  in order to generate further data to facilitate targets for follow-
    up ground gravity surveys and drilling.


ACR  Chief Executive  Andrew Cranswick  said, "The  Kasempa Project represents a
potentially   significant   new   resource   development  opportunity  for  ACR.
 Preliminary  work, including rock  chip sampling and  aeromagnetic surveys have
provided  the Company with highly encouraging results, including potential high-
grade  IOCG mineralisation  and important  new target  areas, ensuring that this
project has been prioritised for follow-up exploration work.

"We  are demonstrating  solid progress  and success  in our  stated strategy for
expanding  our portfolio of projects across  Southern Africa, which now includes
two  potentially significant  projects in  Zambia; the  Kasempa Project  and the
Nkombwa  Hills  Project,  which  is  prospective  for  Rare  Earth  Elements and
phosphate.   This geographic expansion provides ACR with an additional dimension
which  I believe sensibly spreads shareholder risk and leverages our position in
the  investment community, while simultaneously  retaining our commitment to the
maximisation of our recognised Zimbabwe first-mover advantage."

The  technical elements of this report have  been reviewed by Mr. Michael Kellow
(the  Company's Technical  Director). Michael  Kellow (BSc)  is a  member of the
Australian  Institute of Geoscientists (AIG) and a full-time employee of African
Consolidated  Resources  Plc.  Mr.  Kellow  has  sufficient  experience which is
relevant  to the style of mineralisation and type of deposit under consideration
and  to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the "Australian Code for Reporting of Exploration
Results,  Mineral Resource  and Ore  Reserves" (JORC  Code) and  as a "qualified
person"  as defined in the  AIM Note for Mining,  Oil and Gas Companies. Michael
Kellow consents to the publication of this report.

                                    **ENDS**
         For further information visitwww.acrplc.com or please contact:
 Roy Tucker          African Consolidated Resources plc   [phone]
                                                          [phone]

 Andrew Godber       Panmure Gordon (UK) Limited          [phone]

 Callum Stewart      Panmure Gordon (UK) Limited          [phone]

 Abhishek Majumdar   Panmure Gordon (UK) Limited          [phone]

 Susie Geliher       St Brides Media & Finance Ltd        [phone]


                                    Glossary

+----------------------------+-----------------------------------------+-------+
|Term                        |Explanation                              |Acronym|
+----------------------------+-----------------------------------------+-------+
|Au                          |chemical symbol for gold                 |       |
+----------------------------+-----------------------------------------+-------+
|banded iron-formation       |chemical  sedimentary rock  consisting of|BIF    |
|                            |iron and quartz                          |       |
+----------------------------+-----------------------------------------+-------+
|chalcocite                  |Copper   Sulfide   (Cu2S),  an  important|       |
|                            |copper ore mineral                       |       |
+----------------------------+-----------------------------------------+-------+
|diamond drilling            |Drilling    method   using   a   diamond-|       |
|                            |impregnated  cutting bit to obtain a core|       |
|                            |sample of rock                           |       |
+----------------------------+-----------------------------------------+-------+
|dip                         |the  orientation  of  a planar geological|       |
|                            |feature relative to horizontal           |       |
+----------------------------+-----------------------------------------+-------+
|disseminated sulphide       |Accumulations  of sulphide minerals where|       |
|                            |the   grains   are   separated  by  other|       |
|                            |minerals  and are not in physical contact|       |
|                            |with each other.                         |       |
+----------------------------+-----------------------------------------+-------+
|fault                       |a fracture or break within a body of rock|       |
|                            |across which some movement has occurred  |       |
+----------------------------+-----------------------------------------+-------+
|felsite                     |silica  rich  igneous  rock,  aka  felsic|       |
|                            |volcanic                                 |       |
+----------------------------+-----------------------------------------+-------+
|greenstone belt             |belts  of  metamorphosed  sedimentary and|       |
|                            |igneous rocks of Archaean age            |       |
+----------------------------+-----------------------------------------+-------+
|hematite                    |An oxide of Iron, Fe2O3                  |       |
+----------------------------+-----------------------------------------+-------+
|igneous rock                |originally  molten  can  be  volcanic  or|       |
|                            |intrusive                                |       |
+----------------------------+-----------------------------------------+-------+
|JORC                        |Joint   Ore  Reserves  Committee  of  the|       |
|                            |Australasian   Institute  of  Mining  and|       |
|                            |Metallurgy                               |       |
+----------------------------+-----------------------------------------+-------+
|laterite                    |highly weathered rock usually conforms to|       |
|                            |a   consistent  weathering  pattern  from|       |
|                            |surface  and  often  redistributes  gold,|       |
|                            |nickel   or   aluminium   to   ore  grade|       |
|                            |concentrations  above the  primary source|       |
|                            |at depth.                                |       |
+----------------------------+-----------------------------------------+-------+
|mineralisation              |metallic minerals such as gold, base     |       |
|                            |metals, pyrite and arsenopyrite          |       |
|                            |incorporated in rocks                    |       |
+----------------------------+-----------------------------------------+-------+
|mineralised zones           |hydrothermally     altered     structural|       |
|                            |features  containing potentially valuable|       |
|                            |minerals                                 |       |
+----------------------------+-----------------------------------------+-------+
|orebody                     |economically    viable   portion   of   a|       |
|                            |mineralised zone                         |       |
+----------------------------+-----------------------------------------+-------+
|pyrite                      |iron  sulphide  mineral  often associated|       |
|                            |with gold and base metal mineralisation  |       |
+----------------------------+-----------------------------------------+-------+
|pyrrhotite                  |iron sulphide mineral                    |       |
+----------------------------+-----------------------------------------+-------+
|quartz                      |silicon  oxide  mineral  very  common  in|       |
|                            |hydrothermal deposits                    |       |
+----------------------------+-----------------------------------------+-------+
|Resource                    |mineral  Resource as defined  by the JORC|       |
|                            |Code 2004                                |       |
+----------------------------+-----------------------------------------+-------+
|reverse circulation drilling|rotary  percussion  drilling  whereby the|RC     |
|                            |sample  is returned from the cutting head|       |
|                            |inside  the rod string to surface thereby|       |
|                            |avoiding  contamination from the walls of|       |
|                            |the hole                                 |       |
+----------------------------+-----------------------------------------+-------+
|schist                      |metamorphic   rock  with  well  developed|       |
|                            |foliation                                |       |
+----------------------------+-----------------------------------------+-------+
|stockworks                  |zone of multiple quartz filled fractures |       |
|                            |with individual veins often of random    |       |
|                            |orientation                              |       |
+----------------------------+-----------------------------------------+-------+
|strike                      |the horizontal orientation of a planar   |       |
|                            |geological feature                       |       |
+----------------------------+-----------------------------------------+-------+
|syenite                     |a coarse-grained intrusive igneous       |       |
|                            |rock of the same general composition     |       |
|                            |as granite but with quartz <5%, and      |       |
|                            |feldspar component predominantly         |       |
|                            |alkaline in character.                   |       |
+----------------------------+-----------------------------------------+-------+
|talc                        |magnesium iron silicate mica of          |       |
|                            |metamorphic origin                       |       |
+----------------------------+-----------------------------------------+-------+
|thrust                      |shallow dipping fault where the upper    |       |
|                            |body of rock overrides the lower portion |       |
+----------------------------+-----------------------------------------+-------+
|UNITS                       |                                         |       |
+----------------------------+-----------------------------------------+-------+
|g                           |gramme                                   |       |
+----------------------------+-----------------------------------------+-------+
|g/t                         |grammes per metric tonne - metal         |       |
|                            |concentration                            |       |
+----------------------------+-----------------------------------------+-------+
|km                          |kilometre                                |       |
+----------------------------+-----------------------------------------+-------+
|m                           |metre                                    |       |
+----------------------------+-----------------------------------------+-------+
|Mt                          |million metric tonnes                    |       |
+----------------------------+-----------------------------------------+-------+
|Moz                         |million ounces                           |       |
+----------------------------+-----------------------------------------+-------+
|oz                          |fine troy ounce equaling 31.1048 grammes |       |
|                            |- normal unit used in selling gold       |       |
+----------------------------+-----------------------------------------+-------+
|ppb                         |parts per billion                        |       |
+----------------------------+-----------------------------------------+-------+
|ppm                         |parts per million, equivalent to g/t     |       |
+----------------------------+-----------------------------------------+-------+
|t                           |metric tonne                             |       |
+----------------------------+-----------------------------------------+-------+







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Source: African Consolidated Resources Plc via Thomson Reuters ONE

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