Information  X 
Enter a valid email address

African Battery (POW)

  Print      Mail a friend

Friday 07 June, 2019

African Battery

Kisinka Project - 7 km Copper Anomaly Identified

RNS Number : 5154B
African Battery Metals PLC
07 June 2019
 

07 June 2019

African Battery Metals plc ("ABM" or the "Company")

Kisinka Project - 7 km Copper Anomaly Identified

African Battery Metals plc (LON:ABM) the AIM listed battery metal exploration and development company is pleased to announce an update regarding exploration activities at the Company's Kisinka Copper-Cobalt project ("Kisinka" or the "Project") in the Democratic Republic of Congo ("DRC").

Project Background:

The current phase of exploration activities at Kisinka was announced by the Company on 12 April 2019 and can be viewed through the following link:

https://www.abmplc.com/n/n99/kisinka-copper-cobalt-project-exploration-commences

Updates on Kisinka field operations and progress in sample testing were provided by the Company on 2 May 2019 and 17 May 2019 and may be viewed through the following links:

https://www.abmplc.com/n/n100/kisinka-copper-cobalt-project-operational-update

https://www.abmplc.com/n/n106/kisinka-copper-cobalt-project-field-programme-completed 

Latest Highlights:

·   XRF analysis (x-ray fluorescence spectrometry) has been carried out to identify anomalous levels of copper and cobalt on the 663 field samples, plus standards of known composition and blanks;

 

·    Preliminary analysis has identified a 7 km long anomalous zone for copper which is spatially related to the Undifferentiated Roan horizons within the license area;

 

·   Undifferentiated Roan represents Roan rocks of the Roan 1, Roan 2 and Roan 3 Subgroups and the Neoproterozoic Roan Group of central Africa is host to the world's largest and highest-grade sedimentary rock-hosted copper-cobalt deposits in the Copperbelts of Zambia and the Democratic Republic of Congo (DRC);

 

·    Further analysis and review of the copper and cobalt results from sampling will continue over the next week and the Company will release detailed results soon after the conclusion of that work.

 

Paul Johnson, Executive Director of African Battery Metals commented: "The immediate identification of a copper anomaly related to the Undifferentiated Roan horizons passing through the length of our license was a welcome result at this early stage of analysis of the results of our sampling programme.

The potential significance of this large anomalous zone makes this a high priority prospect for the Company.  Initial exploration in 2018 had failed to pick up significant signs of any mineralisation, and so this appears to be a positive change in fortunes".

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

For further information please visit https://www.abmplc.com/ or contact:

 

African Battery Metals plc

 

Paul Johnson (Executive Director)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)

 

Ewan Leggat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                          +44 (0) 1483 413 500

 

 

Notes to Editors:

ABM is an AIM listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel. 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DRLLIFITRDIDIIA

a d v e r t i s e m e n t