African Copper Plc
TSX : ACU
AIM : ACU

African Copper Plc

July 14, 2005 07:00 ET

African Copper Plc: 'African Copper' or the 'Company'-Approval of Toronto Stock Exchange Listing

TORONTO, ONTARIO--(CCNMatthews - July 14, 2005) - The Directors of African Copper (TSX:ACU) (AIM:ACU) (BSE:African Copper) take pleasure in announcing that the Company has been approved for listing on the Toronto Stock Exchange (TSX) with the trading symbol "ACU'. BMO Nesbitt Burns, a TSX participating organization, is the sponsor for African Copper. The Company expects to be called for trading on or about July 19, 2005.

Access to the North American capital markets, and especially the TSX, is expected to enhance the trading liquidity of African Copper shares, and provide an opportunity for North American investors to participate in the Company's successes throughout the exploration and development cycle. The TSX together with the London Stock Exchange AIM are the premier equity markets for Exploration and Development companies in the Mining Sector.

"We welcome the participation of BMO Nesbitt Burns as our sponsor for this listing" commented David Jones, CEO of the Company. "BMO Nesbitt Burns will complement the Company's brokers Numis Securities in London and Capital Securities in Botswana. This team will provide the Company with invaluable experience and advice as it moves through the critical phase of mine development and regional exploration. We look forward to working closely with our advisors in each market and continue to be excited about the growth path that we have charted for the Company."

African Copper is a dual listed (AIM, Botswana Stock Exchange) international exploration and mining company. The Company owns the Dukwe Copper Project in Botswana that includes a substantial (18 million tonne) high-grade (about 3.25% Cu) near term production asset. Four drills are currently on-site completing a sulphide delineation program, and a Bankable Feasibility Study on the open-pit portion of the deposit is on schedule for completion later this year. African Copper expects to commence construction of the Dukwe Project in early 2006. The Company's other interests include the 4,000 sq km Matsitama exploration concession adjacent to Dukwe, which contains two other known copper deposits and numerous base metal exploration targets. African Copper has approximately 52 million shares outstanding and Pounds Sterling 13.5 million in cash with no debt.

For further information about our properties, to download a copy of our Annual Report, the NI43-101 technical report that accompanies the TSX listing application, our AIM prospectus or to access our Press Release Archive please visit our website at www.africancopper.com

Contact Information

  • African Copper Plc
    David Jones / Joseph Hamilton
    +44 (0)20 7529 7500
    www.africancopper.com
    or
    Numis Securities Limited (NOMAD)
    John Harrison / Nick Westlake
    +44 (0)20 7776 1590
    or
    Parkgreen Communications
    Justine Howarth / Ana Ribeiro
    +44 (0)20 7493 3713