African Copper PLC

African Copper PLC

November 01, 2011 03:00 ET

African Copper Plc: New Amendment to Thakadu Mining Licence

LONDON, UNITED KINGDOM--(Marketwire - Nov. 1, 2011) - African Copper Plc ("African Copper" or "the Company") (AIM:ACU)(BOTSWANA:AFRICAN COPPER), the AIM and Botswana listed copper producer and exploration company, announces an amendment to the existing Mining Licence for the Thakadu concession.

In the statements accompanying the financial statements for the year ended 31 March 2011, the Company stated that following the receipt of a Mining Licence for Thakadu in December 2010, the goal was to 'receive permission under the issued Mining Licence to mine out the ore reserve directly underneath the Thakadu archaeological site by open pit means.' The archeological site at Thakadu was excluded from the initial Mining Licence.

The Company has now received such permission from the Ministry of Minerals, Energy and Water Resources of the Government of the Republic of Botswana. As a result, African Copper will now be able to mine out all of the resources in the Thakadu Mining permit by open pit means.

Notes to Editors:

African Copper Plc is an AIM and Botswana listed copper producer and exploration company, currently focused on Botswana. The Company‟s flagship projects are the copper producing open pits at the Mowana Mine and Thakadu deposit. Both deposits are situated on the highly prospective Matsitama belt, located close to Botswana's second largest city, Francistown, in the north-eastern part of the country.

Contact Information

  • African Copper Plc
    Brad Kipp
    Chief Financial Officer
    +1 (416) 847 4866

    Tavistock Communications (PR and IR)
    Simon Hudson
    +44 (0) 20 7920 3150

    Canaccord Genuity (NOMAD and Broker)
    Andrew Chubb/Tarica Mpinga
    +44 (0) 20 7050 6500