African Minerals Limited announced that it has provided an update to its direct shipping Ore ("DSO") resource at Tonkolili. JORC Compliant DSO mineral resource estimate updated to 142.1 million tonnes ("Mt") grading 57.0% iron as at March 31, 2014. 94% of the total mineral resource estimate classified in the measured and indicated categories.

The delineation of an additional 59.5Mt of direct shipping Ore will considerably extend the life of DSO operations. With a near term expansion of production capacity to 25Mtpa, and with saprolite processing currently expected to commence in 2016, the DSO operations will be expected to extend to circa 2020. An updated saprolite resource, including optimised metallurgical parameters is expected to be available by end of second quarter 2014.

This announcement presents an updated JORC Compliant Mineral Resource Estimate valid as of March 31, 2014, that supersedes the company's last published JORC compliant mineral resource estimate of 126.5Mt of DSO grading 58.1% Iron, announced on December 16, 2010. The company announced to report that the JORC compliant DSO Resource has been updated by Independent Consultants SRK Consulting (UK) Ltd. to 142.1Mt grading 57.0% Iron, 2.9% Silica, 6.6% Alumina, and 0.08% Phosphorus. This updated mineral resource estimate reflects that 43.9Mt of DSO material had been mined since the commencement of production up until March 31, 2014.

The mineral resource estimate also reflects: The results of 34,000 m of supplementary mineral resource definition drilling that has been completed at the Simbili, Numbara, Marampon, and Kasafoni project areas since the last estimate was derived; a revised cut-off grade of 53.5% iron, compared to 56.5% previously, to reflect specifications of the company's sales agreements; and includes a portion of material previously reported as "High Grade Saprolite Ore". The delineation of an additional 59.5Mt of DSO has increased the remaining tonnage to 142.1Mt after mining depletion and is expected to extend the life of DSO operations which will run concurrently with saprolite processing to circa 2020.