Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: AIM
Sector: General Mining
Epic: BAO
News: Latest news
Web Site: Baobab Resources
Other Articles: 19-07-201015-07-201011-06-2010 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

FULL ARTICLE ► 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive AU ▼

Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

FULL ARTICLE ► 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive CN ▼

Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

FULL ARTICLE ►
Baobab Resources

Baobab Resources

Baobab Resources plc is a Mozambique focused iron ore, base and precious metal explorer. The company has a largeland-holding covering five discrete project areas. The Tete iron ore asset is emerging as Baobab's flagship project.

CLICK HERE FOR FULL ANLAYSIS OF BAOBAB RESOURCES
Friday, March 12, 2010

Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Baobab Resources (AIM: BAO) has resumed drilling at the Tete iron/vanadium/titanium project in Mozambique, focusing on the Chimbala prospect which comprises the central zone of the 8km long Massamba Group trend. Drilling aims at improving confidence in its exploration target of 400 to 700 Mt (million tonnes) estimated in 2009.

The scout drilling campaign at Chimbala commenced on 10 March 2010 and will include both diamond and reverse circulation (RC) drilling for a combined total of approximately 12,000 metres.

Rock chip sampling collected during recent mapping of the Chimbala prospect area has returned what the company said were encouraging concentrate grades, including 67.4% Fe (iron), 2.11% TiO2 (titanium), 0.67% V2O5 (vanadium) with a 25.6% mass recovery grade, 64.4% Fe, 5.04% TiO2, 0.69% V2O5 with a 47.2% mass recovery grade, and 65.6% Fe, 3.55% TiO2, 0.71% V2O5 with 42.2% mass recovery grade.

Last month, the company reported results from the last three diamond drill holes of the 2009 campaign, which returned the best results to date with an intersection of 46 metres grading 64.5% Fe to beat the previous two holes, which produced Fe grades of up to 62.9%.

The Chimbala prospect comprises the central zone of the Massamba Group trend. The current drill traverse transects the broadest section of the prospect's aeromagnetic signature, located in proximity of Chitongue Grande prospect where drilling in 2009 defined a maiden 47.7 Mt Inferred Resource over a strike length of just 500 metres.

“The Chimbala prospect covers almost half of the Massamba Group trend and its assessment is key to unlocking the potential of the Tete project. Investors may expect a consistent flow of news over the coming months as results from the drilling become available,” said Managing Director of Baobab Resources Ben James.

The Tete project, covering an area of 632 square kilometres, is located immediately north of the provincial capital of Tete and shares licence boundaries with Vale and Riversdale's mega coal projects. The project has access to low tariff hydro-electric power from existing and developing schemes on the Zambezi River, where the ports of Beira and Nacala are being refurbished, as are the rail corridors through to Tete.

The project contains two areas of magnetite-ilmenite mineralisation; the Singore area to the south and the Massamba Group trend in the north. The Massamba Group trend is composed of a series of five prospects including Chitongue Grande and Pequeno, Caangua, Chimbala and South Zone that have experienced little or no historical exploration.

Independent scoping metallurgical studies at the project and financial modelling have indicated positive project economics in the production of high quality magnetite (iron and vanadium) and ilmenite (titanium) concentrate commodities.

The International Finance Corporation has earned a 15% interest in the Tete project after entering a strategic partnership with Baobab in January 2009.

Shares in Baobab climbed 3.5% on the news.

AddThis Feed Button
Register here to be notified of future Baobab Resources articles.

Other Baobab Resources news

More news ►

Investors interested in Baobab Resources recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.