REG - African Pioneer PLC - Botswana Copperbelt - Update on Progress

African PioneerAnnouncement

29/03/2023 07:00

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RNS Number : 5280U  African Pioneer PLC  29 March 2023

29 March 2023

 

 

African Pioneer Plc

("African Pioneer" or "the Company")

Botswana Copperbelt - Update on Progress re Licences Subject to Sandfire
Option Agreement

African Pioneer plc ("AFP" or the "Company") is pleased to provide an update
on exploration completed and planned over the Kalahari Copper Belt Licences,
Botswana, which are subject to a two-year option agreement from 2 October 2021
with ASX-listed Sandfire Resources Limited ("Sandfire") ("Sandfire Option
Agreement").

 

Highlights

·    PL101/2020 - Assays pending for a soil survey with further surveys
planned over copper surface sample anomalies together with a scheduled
Airborne Gravity Gradiometry survey ("AGG") over the Kuke Prospect

 

·    Sandfire plans to mobilise a diamond rig to the Kuke Prospect very
shortly to drill test a copper soil anomaly coincident with the Kuke Fault

 

·    PL100/2020 - Ongoing target generation and a scheduled AGG survey
over the licence

 

·    Sandfire also plans to undertake drilling on this licence in the
coming weeks to test the Lower D'kar/Ngwako Pan contact zone which is the
horizon hosting most of the Kalahari Copperbelt deposits

 

Colin Bird Chairman & CEO commented: "Our partner Sandfire is busy
collecting basin-wide data to create a regional scale model to better
understand and interpret the structure and ore genesis of the Belt. The
Sandfire option licences and the licences operated by African Pioneer are all
located in ground with high potential. Sandfire is about to commence drilling
on its' option targets and we look forward to the results."

 

 

 African Pioneer Plc

+44 (0) 20 7581 4477
 Colin Bird

 Executive Chairman
 Beaumont Cornish (Financial Adviser)    +44 (0) 20 7628 3396

Roland Cornish
 Novum Securities Limited (Broker)

 Jon Belliss                             +44 (0) 20 7399 9400

+44 (0) 20 7581 4477

 

Beaumont Cornish (Financial Adviser)

Roland Cornish

+44 (0) 20 7628 3396

Novum Securities Limited (Broker)

Jon Belliss

 

 

+44 (0) 20 7399 9400

 

 

or visit  https://africanpioneerplc.com/ (https://africanpioneerplc.com/)

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").

 

Qualified Person:

Technical information in this announcement has been reviewed by Edward (Ed)
Slowey, BSc, P.Geo, a technical adviser to African Pioneer Plc. Mr Slowey is a
graduate geologist with more than 40 years' relevant experience in mineral
exploration and mining, a founder member of the Institute of Geologists of
Ireland and is a Qualified Person under the AIM rules. Mr Slowey has reviewed
and approved this announcement.

 

 

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