Additional Information
Market: AIM
Sector: General Mining - Nickel and Cobalt
EPIC: AFE
Latest Price: 3.13p  (-3.69% Descending)
52-week High: 11.00p
52-week Low: 2.88p
Market Cap: 21.72M
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African Eagle Resources
www.africaneagle.co.uk/default.asp

 

African Eagle is a nickel exploration and development company listed on the London AIM (AFE) and Johannesburg AltX (AEA) stock exchanges.

The Company is currently conducting a Bankable Feasibility Study on its flagship asset, the Dutwa Project in Tanzania.

Most recently the Board and management was strengthened for the Company's development and production phase.

 

Pdf

African Eagle Resources hires Lycopodium Minerals for Dutwa BFS

26th Jan 2012, 7:29 am by Giles Gwinnett Lycopodium will manage all the engineering tasks associated with the project's process plant and related facilities, including the tailings and will compile the final BFS report

Engineering contractor Lycopodium Minerals has been chosen to complete the bankable feasibility study (BFS) for the Dutwa nickel project in Tanzania, African Eagle Resources (LON:AFE) announced today.

The Australia- based firm was chosen after an extensive bidding process.

Lycopodium will manage all the engineering tasks associated with the project's process plant and related facilities, including the tailings and will compile the final BFS report.

The report will include the work of other contractors, such as SGS Metallurgy, which was revealed yesterday by the firm as responsible for the pilot test programme, and Snowden - the resource and mine planning engineer.

African Eagle's chief executive Trevor A. Moss said: "Lycopodium's unrivalled experience in the study and development of projects in Tanzania is a fundamental skill which will contribute to the success of Dutwa. 

"We look forward to a long and beneficial relationship with them."

Lycopodium completed Tanzania's first modern gold processing plant for Resolute Mining's Golden Pride Mine in 1998 and is currently providing services for a number of other nickel projects in Tanzania and Australia.

It will begin the engineering for Dutwa immediately and the full project team will be mobilised early next month (February), said African Eagle.

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