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Changara Project Update
Changara Project Update
London, Oct 9, 2013 AEST (ABN Newswire) - Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province (the 'Tete Project'), one of Africa's fastest growing mining centres. Other assets in the Company's portfolio include the Changara project which is being operated under a Joint Venture ('JV') with ASX listed Metals of Africa (please refer to RNS dated 28 November 2012).

Baobab announces that today an exploration update was made by Metals of Africa (ASX:MTA). An extract of the announcement is presented below and the full announcement is available on the Australian Stock Exchange website:

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=mta

Alternatively, Investors may be able to download a copy from the Company's website:

http://baobabresources.com/investor/aim-announcements

HIGHLIGHTS

- Ground exploration is continuing to identify additional zones of sulphide mineralisation, including a new lead bearing vein in the Mahdewa prospect within the Changara JV.

- The Mahdewa prospect is located between MTA's Rulio prospect, where recent rockchip sampling returned analyses of up to 75.7% lead and 229g/t silver, and the Fumo Dique prospect (also within the Changara JV tenure), where historical work returned grades of up to 15.3% lead and 39.3% silver.

- The outcropping Mahdewa vein has been mapped along strike for 200m with coarse grained galena (lead sulphide) disseminated through vein quartz. Initial XRF results of several hand samples has returned up to 80% lead, however the vein appears to have a representative grade of approximately 8.56% lead.

- The discovery of Mahdewa, in addition to the Rulio high grade lead occurrence and four other zinc bearing veins previously announced, adds to the growing evidence of the metal bearing potential of the Rio Mazoe and Changara projects and will assist in defining high priority Broken Hill Type ('BHT') drill targets.

To view the Metals of Africa announcement, please visit:
http://media.abnnewswire.net/media/en/docs/76020-bao_20131004.pdf


About Baobab Resources plc

Baobab Resources plc (LON:BAO)Baobab Resources plc (LON:BAO) is a Mozambican-focused explorer with a large landholding in the central north of the country. The company's flagship project is the Tete iron ore deposit.

 


Contact

Baobab Resources PLC
Ben James: Managing Director
Tel: +258 21 415 200

Jeremy Dowler: Chairman
Tel: +44 1372 450529
Frank Eagar: CFO
Tel: +258 21 415 200

Grant Thornton UK LLP
Philip Secrett | David Hignell | Jamie Barklem
Tel: +44 20 7383 5100

Shore Capital Stockbrokers
Jerry Keen | Toby Gibbs
Tel: +44 20 7468 7964

Fortbridge Consulting
Matt Beale
Tel: +44 7966 389 196



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