Executive Summary
Baobab Resources PLC (LON:BAO) is a metal mining company that has interests in ilmenite projects in Mozambique. The company is currently exploring in the Massamba Group area and it has inferrered resources of 47.7mt at its Chitongue Grande prospect and in addition, it is developing the Tete magnetite-ilmenite project. Baobab Resources earned revenue of £276,320 and it made an operating loss of £1.6m.
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