REG - African Pioneer PLC - Ongombo Project - Approval of ECC

African PioneerAnnouncement

02/04/2025 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250402:nRSB3890Da&default-theme=true

RNS Number : 3890D  African Pioneer PLC  02 April 2025

 

2 April 2025

African Pioneer PLC

("African Pioneer" or "the Company")

Approval of Environmental Clearance Certificate

 

African Pioneer plc ("AFP"), the exploration and resource development company,
is pleased to inform shareholders that it has come to its attention that the
Ministry of Environment and Tourism of Namibia has posted confirmation on its
official website of the approval of the Environmental Clearance Certificate
("ECC") by the Ministry for the Ongombo (copper-gold) Project located 40km NE
of the capital city, Windhoek, Khomas Region, Namibia. African Pioneer will in
due course receive formal written confirmation from the Ministry of
Environment and Tourism.

 

The approval of the ECC sets in motion the final standard statutory procedures
required to activate the previously granted mining licence ML240.

 

Colin Bird, Executive Chairman of African Pioneer, commented "The approval of
the ECC is an important milestone in the development of the Ongombo Project.
We look forward to providing further updates as we move towards project
development".

 

Ongombo Project

 

The 85% owned Ongombo Copper - Gold Project is situated in Exclusive
Prospecting License (EPL) 5772 which was recently renewed for a period of two
years. Mining Licence (ML 240) was granted on 10 August 2022 for 20 years
subject to the issue of the ECC.

 

An extension to the Mining Licence was submitted on 6 September 2022 to
encompass the wider Resource Area. African Pioneer has now completed the
permitting process by way of the near-term submission of an Environmental and
Social Impact Assessment (ESIA) and the Environmental Management Plan (EMP).
This serves to re-affirm the Environmental Clearance Certificate (ECC) first
awarded in April 2023 by the Ministry of Environment, Forestry and Tourism
(MEFT): Department of Environmental Affairs (DEA). The EMP accompanies mine
development and ore processing operations.

 

An updated Mineral Resource Estimates (MRE) for the Ongombo project, revised
by Addison Mining Services (AMS) was reported on 16 May 2023.

 

The Company is in advanced discussions with parties regarding project level
funding that will enable progression of the initial Ongombo open pit to
exploit the easily accessible surface ore resources. In this context
engineering design of pre-production works has commenced along with design of
the lay-out of internal access roads and the accommodation, office upgrades
and fencing required to securely operate the mine site.

 

 

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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPKBBBBBKDNQK