African Copper Plc

African Copper Plc

April 03, 2007 02:00 ET

African Copper Plc: Appointment of Naomi Nemeth to Vice President, Investor Relations

LONDON, UNITED KINGDOM--(CCNMatthews - April 3, 2007) - African Copper (TSX:ACU)(AIM:ACU)(BSE:AFRICAN COPPER) is pleased to announce the appointment of Naomi Nemeth to the newly-created position of Vice President, Investor Relations. Ms. Nemeth will be responsible for building and maintaining a comprehensive investor relations program and for communicating with both institutional and retail investors globally.

"African Copper has reached the stage in the development of its Dukwe copper mine in Botswana and adjacent Matsitama exploration property, where a concerted investor relations programme is warranted to satisfy the needs of current and potential global investors," commented Joseph Hamilton, CEO of African Copper. "We have been building and strengthening our executive team and view investor relations as a strategic role. Ms. Nemeth brings with her a wealth of investor relations experience in the mining sector, specifically from her recent success with the investor relations programs at Wolfden Resources and Desert Sun Mining."

Before joining African Copper, Ms. Nemeth was Vice President of Investor Relations with Wolfden Resources, she has also held the role of Vice President of Investor Relations for Desert Sun Mining until its acquisition by Yamana Gold in April 2006. With more than 20 years experience, Ms. Nemeth has served as Director of Global, External Communications for health science company, MDS Inc., Manager of Corporate Communications at Biovail Corporation and has held a variety of corporate communications and investor relations functions in the financial services and pharmaceutical sector. She has also held senior communications roles with industry advocacy associations and the Ontario Ministry of Northern Development and Mines. Ms. Nemeth began her career as a field exploration geologist with Inco in the Yukon and Northern Ontario and holds an Honours B.S.c in Geology and Biology from Brock University and a Masters Degree in Journalism from the University of Western Ontario. Ms. Nemeth has been actively involved with the Ontario chapter of the Canadian Investor Relations Institute (CIRI) since 1998 and continues to serve on the CIRI Ontario board as Past President.

Notes to Editors:

African Copper, PLC

African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international exploration and development company. African Copper is developing its first copper mine at the Dukwe Project scheduled to commence production in 2008. The flotation concentrator at Dukwe has been designed for a 3,000 tonne per day throughput to produce approximately 44 million pounds of copper in concentrate annually at full production. Initial production is expected to be from open pit, followed by underground mining of sulphides. The Company believes that it has, or will have access to, sufficient financial resources to develop Dukwe.

The Company's other interests are the Matsitama exploration concessions adjacent to Dukwe. Drilling at the Thakadu Copper-Silver Project has returned up to 4.5% copper and 70 g/t silver over mineable widths. The Matsitama area contains a further 9 high priority drill-ready targets and 35 lower priority targets. African Copper has approximately 131 million shares outstanding.

This press release contains forward-looking information including statements concerning exploration and mine development plans, timing of the development of the Company's projects in Botswana, exploration results, requirements for additional capital, and other statements which are not historical facts. When used in this press release, the words such as "schedule", "could", "plan", "estimate", "expect", "believe", "intend", "may" and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of copper, capital and operating costs varying significantly from estimates, uncertainties relating to the availability and costs and availability of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, delays in the development of projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, and other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could case actual results to differ materially from expected results. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company makes no responsibility to update them or to revise them to reflect new events or circumstances, except as required by law.

Contact Information

  • African Copper Plc
    Joe Hamilton / Naomi Nemeth
    +44 (0) 1372 465330/ (416) 214-2922
    Numis Securities Limited (NOMAD)
    John Harrison / James Black
    +44 (0) 20 7260 1000
    Parkgreen Communications
    Clare Irvine/ Justine Howarth
    +44 (0) 20 7851 7480