02/03/11
Up until now most of African Eagle’s focus and valuation has quite rightly been centred on the impressive Dutwa nickel project. But it is clear that its wider portfolio has much more potential and this new Zambian strategy may present an interesting proposition for investors. The new spin-out company’s most advanced project should start producing later this year, and it has two other priority projects to drill in the high profile Zambian copper-belt.
25/02/11
First and foremost African Eagle is firmly focused on the Dutwa nickel project in Tanzania but recent reports in the Zambian press caused quite a stir. This afternoon, we caught up with managing director Mark Parker who dismissed reports that the AIM-listed mining firm would be splashing out between US$40 and US$50 million into the Mkushi copper project this year. Parker did confirm that it is preparing to step up work on the Zambian copper assets ahead of an eventual spin-out and IPO later this year.
11/01/11
The junior mine developer took almost half the project's inferred resource up into the indicated category. With this giant leap forward analysts are expecting big things as they look ahead to further upgrades and the completion of the pre-feasibility study later this year.
20/12/10
Kicking off what is expected to be a busy period of activity, African Eagle Resources this morning unveiled a material upgrade to the economics for the Dutwa nickel project in Tanzania. It is one of a series of landmarks and announcements that will come thick and fast in the next 12-18 months as Dutwa moves from pre-feasibility phase of development to a full-blown bankable feasibility study.
07/10/10
African Eagle is making rapid progress at the Dutwa project in Tanzania. This morning's update takes contained nickel to 917,000 tonnes, and work on the feasibility study is ahead of schedule.
