African Copper Plc: Flotation Results Support Change of Scope for Dukwe Project.LONDON -- African Copper Plc (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ACU ACU See: Asian currency units )(AIM:ACU)(BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). :African Copper) - - Bench Scale flotation results have demonstrated the amenability of oxide, supergene su·per·gene n. A group of closely linked genes occupying a large chromosomal segment and frequently functioning as a genetic unit. and sulphide ore to recovery within a standard flotation concentrator - Sulphide recoveries between 88% and 93% have been achieved to produce a concentrate containing between 27% and 30% copper - Supergene recoveries exceed those expected from heap leach - 80% recovery indicated from supergene zones producing a concentrate with 27% copper - Milling characteristics show average work indices - standard crusher/ball mill configurations are suitable for grinding - Recoveries are obtained at a coarse grind (150 micron) - fine grinding is not necessary - Locked cycle tests to commence shortly. African Copper announces the receipt of the initial metallurgical results from the first phase of testing on material from the Dukwe Project in northeastern Botswana. These tests were completed at SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Lakefield Labs in Johannesburg and supervised by Senet CC, both independent of African Copper. These latest tests were designed to check the amenability of copper recovery to standard flotation techniques. On the basis of these results, African Copper has decided to continue investigating the viability of using a flotation concentrator at the project. Capital and operating costs operating costs npl → gastos mpl operacionales for the underground mine/concentrator option are expected to be available before the end of 2005 at which time the Board will be presented with a consolidated development plan for the Dukwe project. Engineering of the open-pit heap-leach SX-EW option is already complete. African Copper intends to commence construction at Dukwe in early 2006. Permitting has commenced for the project, construction of the access road will commence shortly, and the Company has secured secondary and tertiary crushers for the project. David Jones David Jones is a common name, particularly in Wales, and there have been several well-known individuals with this name. Variations include Dave Jones and Davy Jones. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of African Copper, commented, "These results are encouraging since it appears that the supergene ore can produce more copper with faster recoveries using a flotation concentrator as compared to heap leach. The treatment of supergene material through a concentrator would have the dual impacts of accelerating cashflow and reducing the working capital requirement, both of which will contribute to a faster payback and a higher IRR IRR In currencies, this is the abbreviation for the Iranian Rial. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. for Dukwe." African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange The Botswana Stock Exchange is a small but thriving stock exchange located in Gaborone, Botswana. The Botswana share market was established in 1989 and became the Botswana Stock Exchange in 1995. It is governed by the Botswana Stock Exchange Act. ) international exploration and mining company. Six drills are currently on-site completing a sulphide delineation programme. A Bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. Feasibility Study on the open-pit portion of the deposit has been completed, with engineering progressing on an underground mine and concentrator. African Copper expects to commence construction of the Dukwe Project in early 2006. The Company's other interests are the 4,000 sq km Matsitama exploration concession adjacent to Dukwe, which contains two known copper deposits and numerous base metal exploration targets. African Copper has approximately 52 million shares outstanding. Mr. Joseph Hamilton, P.Geo, and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of African Copper is a "qualified person" as defined in Canada by NI43-101. This press release has been prepared under Mr. Hamilton's supervision. This document may contain or refer to forward looking information, including reserve and resource estimates, estimates of future production, exploration and mine development, unit costs, costs of capital projects and timing of commencement of operations and estimates of market conditions, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances. Further information about our properties, to download a copy of our Annual Report, any technical report, or to access our Press Release Archive please visit.www.sedar.com or our website at www.africancopper.com The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. does not accept responsibility for the adequacy or accuracy of this release. African Copper Plc (TSX:ACU) (AIM:ACU) |
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