Baobab Resources Plc (LON:BAO) the Mozambique resource development company, provides the following operational update in relation to the Pre-Feasibility Study (PFS) being completed at its 85% owned Tete Pig Iron, vanadium and titanium Project. IFC (International Finance Corporation) hold a 15% participatory interest.
Baobab Resources plc (LON:BAO), the iron, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to report that further to the announcement of 6 July 2012, Redbird Investments Ltd. ('Redbird'), a fully owned investment vehicle of African Minerals Exploration & Development SICAR SCA ('AMED' or 'the Fund') has exercised the 25,000,000 warrants over the Company's Ordinary Shares
Baobab Resources Plc (LON:BAO) present the results of the resource estimation at the Ruoni Flats block of the Tenge/Ruoni prospect, one of six resource blocks in at its 85% owned Tete Pig Iron, vanadium and titanium Project.
Baobab Resources Limited (LON:BAO) through its wholly owned subsidiary Capitol Resources Limitada is pleased to announce that it has signed a Joint Venture Agreement with Australian exploration company Metals of Africa Limited (ASX:MTA) in relation to the Company's Changara Project in Tete Province, Mozambique.
Baobab Resources PLC (LON:BAO), the mineral exploration and development company with a portfolio of assets in Mozambique, is pleased to provide an update on the metallurgical test work which is being completed as part of the Pre-Feasibility Study (PFS) at its 85% owned Tete pig iron, vanadium and titanium project (IFC (International Finance Corporation) hold a 15% participatory interest).
Baobab Resources (LON:BAO), the iron, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to announce a placing of 50,000,000 ordinary shares ('Ordinary Shares') in the Company (the 'Placing Shares') at a price of 8p, raising GBP4,000,000 before expenses (the 'Placing').
Baobab Resources plc (LON:BAO), the iron ore, base and precious metals explorer with a portfolio of exploration projects in Mozambique, advises that, through mutual agreement, the Joint Venture with Ferrex plc ('Ferrex') relating to the Changara project will be terminated with immediate effect with Baobab retaining 100% of the project.
