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Share Name Share Symbol Market Type
AFRICAN BATTERY METALS PLC NEX:ABM.GB NEX Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.075p -14.29% 0.45p 0.45p 0.60p 0.4945p 0.45p 0.45p 552,082 11:22:57

African Battery Metals PLC Kisinka Project Update

17/05/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 3410Z

African Battery Metals PLC

17 May 2019

17 May 2019

African Battery Metals plc ("ABM" or the "Company")

Kisinka Copper-Cobalt Project - Field Programme Completed

African Battery Metals plc (LON:ABM) the AIM listed battery metal exploration and development company is pleased to announce an update regarding exploration activities at the Company's Kisinka Copper-Cobalt project ("Kisinka" or the "Project") in the Democratic Republic of Congo ("DRC").

Project Background:

After completion of refinancing activities earlier this year the recommencement of exploration activities at Kisinka was announced by the Company on 12 April 2019 and can be viewed through the following link:

https://www.abmplc.com/n/n99/kisinka-copper-cobalt-project-exploration-commences

An interim update on Kisinka field operations was provided by the Company on 2 May 2019 and can be viewed through the following link:

https://www.abmplc.com/n/n100/kisinka-copper-cobalt-project-operational-update

Kisinka field operations have now completed and the key points from the field programme and the next steps are outlined below.

Latest Highlights:

-- 2 field geologists, 5 field technicians, 2 logistical support staff and 14 casual labourers were deployed from a temporary field camp at the Company's Kisinka project;

-- A total of 663 termite mound samples, excluding samples collected for QA/QC purposes, were collected over 3 weeks on a grid covering the whole license area, and field activities concluded on Friday 11(th) May;

-- Sample preparation is being carried out and is scheduled to complete shortly after which XRF analysis (x-ray fluorescence spectrometry) will be carried out to identify anomalous levels of copper and cobalt;

-- Further reports to market will be provided as results become available and allowing for analysis by the Company's technical team.

Paul Johnson, Executive Director of African Battery Metals commented: "Our team coped well with difficult on-site logistics as grass levels remained high after late rains, and we recruited additional casual support staff to ensure timely completion of the field phase of activities.

This initial programme has been carried out with speed and efficiency and bodes well for our ability to operate effectively in the DRC. We look forward to reporting results as these become available."

For further information please visit https://www.abmplc.com/ or contact:

 
African Battery Metals plc 
Paul Johnson (Executive Director)                     +44 (0) 7766 465 617 
SP Angel Corporate Finance (Nomad and Joint Broker) 
Ewan Leggat                                           +44 (0) 20 3470 0470 
 

SI Capital Limited (Joint Broker)

Nick Emerson +44 (0) 1483 413 500

 
 
 

Notes to Editors:

ABM is an AIM listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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