African Battery Metals (LON:ABM)

African Battery Metals (LON:ABM)


Share Price
0.43 p
Change
-0.05 (-10.53 %)
Market Cap
£1.54 m
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African Battery Metals RNS Release

Kisinka Copper-Cobalt Project Update


RNS Number : 0493W
African Battery Metals PLC
12 April 2019
 

12 April 2019

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

Kisinka Copper-Cobalt Project - Exploration Commences

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

Highlights:

  • Following a detailed review of historic exploration and targeting copper-cobalt mineralisation at the Kisinka project, the Company has recommenced exploration activities with immediate effect;

 

  • In order to protect and preserve the Company's working capital, the exploration programme will adopt a staged approach with initial wide area exploration focussed on identifying areas of anomalous copper and cobalt mineralisation, to be followed by follow up drilling if appropriate drill targets present themselves;

 

  • The Company's initial programme will comprise of termite mound sampling across the Kisinka license area, with X-ray fluorescence ("XRF") testing conducted on site; following which the results will be assessed and mapped after comparison with available structural and geophysical data; and   

 

  • Further reports to market will be provided as and when material developments occur.

 

Paul Johnson, Executive Director of African Battery Metals commented: "I am pleased to announce the recommencement of exploration activities at the Kisinka copper-cobalt project.

African Battery Metals is an exploration and development company, and after the challenges in late 2018 and the subsequent refinancing restoring the Company's financial position, it is extremely positive to be focused back on the advancement of our business interests through exploration.

Alongside the Kisinka project we are pursuing a number of existing and new initiatives seeking the highest impact for shareholders and seeking to punch above our weight utilising our now robust financial position in a measured and disciplined manner."

 

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.
 
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