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.

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12 April 2019

 
 
 

African Battery Metals Plc
201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT
United Kingdom

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