NOV 1, 2011 - 03:39 ET
African Copper Plc: New Amendment to Thakadu Mining Licence
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LONDON, UNITED KINGDOM--(Marketwire - Nov. 1, 2011) - African Copper Plc ("African Copper" or "the Company") (AIM:ACU)(BOTSWANA:AFRICAN COPPER),
the AIM and Botswana listed copper producer and exploration company,
announces an amendment to the existing Mining Licence for the Thakadu
concession.
">In the statements accompanying the financial statements for
the year ended 31 March 2011, the Company stated that following the
receipt of a Mining Licence for Thakadu in December 2010, the goal was
to „receive permission under the issued Mining Licence to mine out the
ore reserve directly underneath the Thakadu archaeological site by open
pit means.â¬x The archeological site at Thakadu was excluded from the
initial Mining Licence.
">The Company has now received such permission from the
Ministry of Minerals, Energy and Water Resources of the Government of
the Republic of Botswana. As a result, African Copper will now be able
to mine out all of the resources in the Thakadu Mining permit by open
pit means.
">Notes to Editors:
">African Copper Plc is an AIM and Botswana listed copper
producer and exploration company, currently focused on Botswana. The
Companyâ¬xs flagship projects are the copper producing open pits at the
Mowana Mine and Thakadu deposit. Both deposits are situated on the
highly prospective Matsitama belt, located close to Botswana's second
largest city, Francistown, in the north-eastern part of the country.
FOR FURTHER INFORMATION PLEASE CONTACT:
African Copper Plc
Brad Kipp
Chief Financial Officer
+1 (416) 847 4866
bradk@africancopper.com
www.africancopper.com
or
Tavistock Communications (PR and IR)
Simon Hudson
+44 (0) 20 7920 3150
or
Canaccord Genuity (NOMAD and Broker)
Andrew Chubb/Tarica Mpinga
+44 (0) 20 7050 6500
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