REG - African Pioneer PLC - Ongombo Copper-Gold Project Mining Licence Issued

African PioneerAnnouncement

25/06/2025 07:00

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RNS Number : 2503O  African Pioneer PLC  25 June 2025

 

25 June 2025

 

African Pioneer Plc

("African Pioneer" or the "Company")

Ongombo Copper-Gold Project issue of Mining Licence

 

African Pioneer Plc ("AFP"), the exploration and resource development company,
is pleased to announce that it has received the official, unconditional Mining
Licence (ML 240) until 23 March 2045 for its 85%-owned Ongombo Copper-Gold
Project, located approximately 40 km northeast of Windhoek in the Khomas
Region of Namibia. The formal receipt of the physical licence marks the final
step in the government permitting process and follows the recent award of the
Environmental Clearance Certificate (ECC No. 2302356, dated 24 March 2025).

 

Key Highlights

·      All required Namibian government approvals now formally granted

·      Mining Licence No. 240 is fully active and unconditional and is
valid to 23 March 2045

 

Executive Chairman Colin Bird commented: "We are extremely pleased to have
secured the final permitting for the Ongombo Project and would like to thank
the Namibian Ministries of Mines and Environment for their collaboration and
support. This marks a significant milestone for African Pioneer, enabling us
to transition from permitting into project execution. The substantial upgrade
in mineral resources and the decision to initiate low-cost, open-pit mining as
a 'starter' operation puts us on a fast-track path toward production. We look
forward to advancing Ongombo into a key contributor to the  copper and gold
production in the  Khomas Region of Namibia."

 

For further information, please contact:

 African Pioneer Plc                           Tel +44 (0) 20 7581 4477

 Colin Bird, Chairman
 Beaumont Cornish Limited (Financial Adviser)  Tel +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak
 Novum Securities Limited (Broker)             Tel +44 (0) 20 7399 9400

 Jon Belliss

 

or visit   https://africanpioneerplc.com/

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

 Beaumont Cornish Limited, which is authorised and regulated in the United
 Kingdom by the Financial Conduct Authority, is acting as financial adviser to
 the Company in relation to the above matters and is not acting for any other
 persons. Beaumont Cornish Limited is acting exclusively for the Company and
 for no one else in relation to the matters described in this announcement and
 is not advising any other person and accordingly will not be responsible to
 anyone other than the Company for providing the protections afforded to
 clients of Beaumont Cornish Limited, or for providing advice in relation to
 the contents of this announcement or any matter referred to in it.

 

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