CHANGARA PROJECT UPDATE
3 FEBRUARY 2014
Baobab Resources Plc ('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
• Metals of Africa has discovered a significant lead, zinc and copper target (T-02) at the
Changara JV project.
• The target is a coincident geochemical anomaly and was identified from an extensive soil sampling program conducted in 2013.
• T-02 is a high grade soil anomaly measuring 3km x 300m and will be a drill target for the 2014
field season.
• Soil values of up to 3,250ppm Zn, 410ppm Pb & 5,368ppm Mn have been returned.
• Eleven rock chip samples have been taken for laboratory assay analysis, and results are anticipated in late February.
CONTACT DETAILS
BAOBAB RESOURCES PLC27/28 Eastcastle Street
London W1W 8DH
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
United Kingdom
BAOBAB MINING SERVICES Pty Ltd Unit 25 South Terrace Piazza Fremantle
Western Australia 6160
Australia Post: PO Box 1229 Fremantle Western Australia 6959 Australia Tel: (+61) 8 9430 7151
Fax: (+61) 8 9430 7664
Web: www.baobabresources.com
AIM : BAO
AIM ANNOUNCEMENT | 3 DECEMBER 2012 Page 1 of 1
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