Proactiveinvestors United Kingdom African Eagle Resources articles

African Eagle Resources: Dutwa project puzzle coming together

Fri, 27 Jan 2012 15:45:00 +0000

African Eagle Resources' appointment of two new directors ends a busy week of activity as it moves its Dutwa nickel project nearer to bankable status. It has also hired two specialist companies for vital roles in the preparation of a bankable feasibility study for the Tanzanian project, due at the end of this year.

African Eagle Resources: City analysts welcome US$5 mln investment from IFC

Wed, 04 Jan 2012 10:19:00 +0000

While the share price remains unmoved today, analysts at Seymour Pierce believe the IFC’s US$ 5 million investment affirms the viability of the Dutwa nickel project.

African Eagle Resources: shares improve after US$5 million investment from World Bank investor

Wed, 09 Nov 2011 11:15:00 +0000

The news that IFC, a specialist investment body that focuses on frontier and emerging markets, is to take a 10-per cent stake in African Eagle has been welcomed in the City

African Eagle Resources is set for next stage in cycle, says City analyst

Fri, 16 Sep 2011 12:55:00 +0100

African Eagle Resources continues to move forward and has set itself up for the next stage in its lifecycle, according to analyst Matthew McDonald, at broker Seymour Pierce, who rates the stock a "buy" with a price target of 20 pence.

African Eagle: a tale of two companies

Thu, 26 May 2011 10:48:00 +0100

The shares have more than doubled in value since the group unveiled plans to spin out its Zambian copper division. Here we take a closer look at African Eagle and consider the value triggers that could send the stock soaring even higher.

African Eagle's Davies unveils Zambian investment plan as company prepares to do the splits

Wed, 02 Mar 2011 13:06:00 +0000

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.

African Eagle MD Mark Parker sets record straight on Zambian copper spin-out plans

Fri, 25 Feb 2011 16:53:00 +0000

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.

African Eagle shares advance after significant resource upgrade at Dutwa nickel project

Tue, 11 Jan 2011 09:50:00 +0000

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.

African Eagle update sets the scene for a transformational year

Mon, 20 Dec 2010 14:59:00 +0000

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.

African Eagle ups Dutwa nickel resource by 13%

Thu, 07 Oct 2010 08:40:00 +0100

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.

African Eagle's new JORC resource for Dutwa exceeds expectations

Tue, 15 Jun 2010 09:05:00 +0100

The new JORC resource has tripled the tonnage and doubled contained nickel at the project in Tanzania, and

represents a significant step forward in the feasibility work at Dutwa.

African Eagle Resources reports exceptional leach test results for Dutwa nickel project

Mon, 24 May 2010 09:52:00 +0100

It looks possible that the company will be able to use leaching processes that will require low costs and low acid consumption

African Eagle in Tanzania gold JV with Macquarie Harbour Mining

Fri, 14 May 2010 10:07:00 +0100

This marks another deal over the group’s non-core assets to free resources for its flagship nickel projects, notably Dutwa in Tanzania.

African Eagle: $8 billion of nickel and counting

Mon, 10 May 2010 07:36:00 +0100

The company believes the resource will probably increase following current step-out drilling and the delineation of the nearby Ngasamo deposit, also underway.

African Eagle is Moving forward but market continues to take little notice

Thu, 09 Feb 2006 00:00:00 +0000

African Eagle (AFE) appears to have an awful lot going for it in the drive to become a successful mining producer. Excellent ground, stable African countries, healthy mix of blue sky and advanced projects, all combined with an experienced management team with a good record of finding quality projects supported by a loyal shareholder base.