African Battery Metals PLC Kisinka Project Update (3410Z)
17 May 2019 - 4:00PM
UK Regulatory
TIDMABM
RNS Number : 3410Z
African Battery Metals PLC
17 May 2019
17 May 2019
African Battery Metals plc ("ABM" or the "Company")
Kisinka Copper-Cobalt Project - Field Programme Completed
African Battery Metals plc (LON:ABM) the AIM listed battery
metal exploration and development company is pleased to announce an
update regarding exploration activities at the Company's Kisinka
Copper-Cobalt project ("Kisinka" or the "Project") in the
Democratic Republic of Congo ("DRC").
Project Background:
After completion of refinancing activities earlier this year the
recommencement of exploration activities at Kisinka was announced
by the Company on 12 April 2019 and can be viewed through the
following link:
https://www.abmplc.com/n/n99/kisinka-copper-cobalt-project-exploration-commences
An interim update on Kisinka field operations was provided by
the Company on 2 May 2019 and can be viewed through the following
link:
https://www.abmplc.com/n/n100/kisinka-copper-cobalt-project-operational-update
Kisinka field operations have now completed and the key points
from the field programme and the next steps are outlined below.
Latest Highlights:
-- 2 field geologists, 5 field technicians, 2 logistical support
staff and 14 casual labourers were deployed from a temporary field
camp at the Company's Kisinka project;
-- A total of 663 termite mound samples, excluding samples
collected for QA/QC purposes, were collected over 3 weeks on a grid
covering the whole license area, and field activities concluded on
Friday 11(th) May;
-- Sample preparation is being carried out and is scheduled to
complete shortly after which XRF analysis (x-ray fluorescence
spectrometry) will be carried out to identify anomalous levels of
copper and cobalt;
-- Further reports to market will be provided as results become
available and allowing for analysis by the Company's technical
team.
Paul Johnson, Executive Director of African Battery Metals
commented: "Our team coped well with difficult on-site logistics as
grass levels remained high after late rains, and we recruited
additional casual support staff to ensure timely completion of the
field phase of activities.
This initial programme has been carried out with speed and
efficiency and bodes well for our ability to operate effectively in
the DRC. We look forward to reporting results as these become
available."
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 rns@lseg.com or visit www.rns.com.
END
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