Source - RNS
RNS Number : 6466K
African Battery Metals PLC
12 April 2018
 

 

African Battery Metals plc

("ABM" or the "Company")

Auger Programme Extended

African Battery Metals plc, the AIM quoted African focused exploration company, announces that the auger programme on its Kisinka property in the Democratic Republic of the Congo, ("DRC"), as announced on 12 March 2018, has been extended to investigate some additional soil anomalies.

Auger Programme Extended

As shown in Figure 1, two lines of augering have so far been completed on ABM's 70% owned Kisinka licence in the DRC acquired in December 2017 (the "Licence"); one across the south eastern part of the 7-8km long Licence and the second towards the north western part of the Licence. The augering does not penetrate the Licence's bedrock, which is where mineralisation is hosted, but penetrates the surface to extract soil samples from closer to the bedrock which is useful in areas of soil cover like Kisinka.

XRF Niton results from the northern auger line (which deviates to follow local tracks so as not to cross fields of crops) have led to the decision to extend the line as indicated in Figure 1 below.  As previously disclosed, the Company intends to submit soil samples collected from interesting anomalies for laboratory analysis in Johannesburg which will occur shortly.

Given the large size of the Licence, and the distance between the two lines of augering, consideration will also be given to running a soil sampling programme on a grid pattern across the whole Licence area.  ABM is also aware of similar soil sample programmes being conducted by other companies on licences immediately adjacent to Kisinka, and the Company understands that copper-cobalt anomalies have been identified on these adjacent licences.

Additional licence opportunities in the DRC

Whilst the current exploration focus is on Kisinka, the team continues to evaluate other copper-cobalt opportunities in the DRC. ABM retains the option over a second licence, Sakania, and expects to investigate that licence in due course.

 

ABM has also been approached to look at other licences within the DRC, some of which have had geological work already completed on them and which confirms high grade copper/cobalt mineralisation. 

Roger Murphy, CEO of ABM stated:

"The first two lines of our auger programme at Kisinka have now been completed, with soil anomalies showing elevated levels of cobalt. Given positive indications from the northern auger line, we have decided to extend the auger programme and we plan to submit samples for laboratory analysis in Johannesburg shortly.

"The next round of field work on Kisinka, which could involve soil sampling or further augering, will be formulated based on ongoing results. We will update the market with these as they become available.

"In the meanwhile we are excited by the quality of opportunities we are being offered.  We continue to assess these opportunities and will update the market as appropriate.

http://www.rns-pdf.londonstockexchange.com/rns/6466K_-2018-4-11.pdf

 

Figure 1

 

**Ends**

Further enquiries

African Battery Metals plc
Roger Murphy (CEO)
+44 (0) 20 7583 8304
WH Ireland Limited (Nominated Adviser and Broker)
Tim Feather / James Sinclair-Ford
+44 (0) 20 7220 1666
SP Angel Corporate Finance (Broker)
Ewan Leggat
+44 (0) 20 3470 0470
Blytheweigh (Public Relations)
Camilla Horsfall/ Nick Elwes
+44 (0) 20 7138 3224
Madini (Financial and Technical Adviser)
Iain Macpherson / Ilja Graulich
+27 (0) 11 469 0629
 

Notes to Editors

About African Battery Metals Plc

African Battery Metals ("ABM") is an AIM-quoted, African focused exploration company developing projects in strategic metals, including metals used in the manufacturing of batteries. ABM's strategy is to leverage its access to a significant project pipeline, in order to become a substantial operator in this market sector.

The Company's objective is to effectively and rapidly advance its portfolio of cobalt right through to production stage, taking advantage of the vast local and technical expertise of its management team and advisors. ABM may also add to its portfolio not only cobalt-copper and gold, but potentially also in other battery metals.

Wherever ABM explores and operates it always does so using the highest degree of integrity and ethical standards.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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