African Battery Metals PLC Update on Ivory Coast Project (1118E)
October 16 2018 - 1:00AM
UK Regulatory
TIDMABM
RNS Number : 1118E
African Battery Metals PLC
16 October 2018
African Battery Metals plc / EPIC: ABM / Market: AIM
16 October 2018
African Battery Metals plc ("ABM" or the "Company")
Update on Ivory Coast nickel, cobalt and chrome Project
African Battery Metals Plc, the AIM listed African focused
exploration company developing projects in strategic battery
metals, is pleased to announce that it has commenced geological
work on its recently acquired 380 sq km Lizetta II nickel, cobalt
and chrome exploration project in Ivory Coast ("the Project").
Overview
-- ABM commissioned a site visit by a technical team, led by a
highly qualified exploration geologist to prepare for a structured
field exploration programme
-- Additional historic technical data has been identified during
the visit and is in the process of being acquired which will
augment the 2017 Watts Griffis McOuat, ("WGM") of Canada,
independent consultancy's results already acquired by the
Company.
-- WGM's 2017 work, re-confirmed previous work that showed the
occurrence of up to 0.25% cobalt, 0.87% nickel and over 1% chrome
in surface anomalies
-- The major surface anomaly (see figure 1) is open to the
South-South-East ("SSE") and provides potential to expand the
mineralisation's footprint
-- A supplementary surface sampling programme is planned to
explore the extension of the mineralisation anomaly to the
South-South-East, within the Project, as well as to follow up on
unexplored areas, with the aim of identifying areas potentially
suitable for reverse circulation drilling ("RC") identified from
surface anomalies
References to figures relate to the version visible in PDF
format by clicking the link below:
http://www.rns-pdf.londonstockexchange.com/rns/1118E_1-2018-10-15.pdf
ABM CEO, Roger Murphy, said, "Work has commenced on the Lizetta
II Project in the Ivory Coast, with the aim of following up on
historical and past indications of nickel, cobalt and chrome soil
anomalies. We are pleased to have identified additional historical
data which reconfirms the prospectivity of the Project, and to have
established that the Project's mineralisation is open to the SSE.
Planning of field activities is progressing well, and we will brief
the market as soon as these activities have commenced."
"The Project was recently acquired as part of the Regent
Resources Capital Corporation transaction, which saw ABM gain
highly supportive and proven mining professionals, including
Stephen Dattels and Ian Stalker, as shareholders. The work marks
the next stage in our development as we look to work closely with
all stakeholders in developing the current asset base, which
includes cobalt and nickel projects in the Cameroon and the DRC, as
well as identifying additional opportunities to cement our growth
strategy and build value."
DATA VERIFICATION
The scientific and technical information included in this press
release is based upon information prepared and approved by Michael
Booyens (Pr Sci Nat, MGSSA) on behalf of ABM. Mr Booyens is
registered as a Professional Natural Scientist (400047/05) in the
field of Geological Science in terms of the South African Natural
Scientific Act (Act 27 of 2003) and a member of the Geological
Society of South Africa (60075). He is independent of ABM, its
Directors, Senior Management and Advisors. Mr Booyens visited the
Lizetta II concession during September 2018. Mr Booyens consents to
the inclusion of the information in the form and context in which
it appears.
**Ends**
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No.596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information please visit https://www.abmplc.com/ or
contact:
African Battery Metals plc
Roger Murphy (CEO) +44 (0) 20 7583 8304
SP Angel Corporate Finance (Nomad
and Broker)
Ewan Leggat +44 (0) 20 3470 0470
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.
END
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