| Tue 15 Mar 2011, 14:00 | | AEA - African Eagle Resources Plc - Shareholding update - Anglo Pacific |
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AEA
AEA
AEA - African Eagle Resources Plc - Shareholding update - Anglo Pacific
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
Shareholding update - Anglo Pacific
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE;
AltX: AEA) was notified on March 14, 2011 that on March 11, 2011, Anglo Pacific
Group plc (ticker AIM: APF), increased its shareholding in the Company to
29,075,000 ordinary shares which represents approximately 7.11% of the total
voting rights of the Company.
The above notification was made by Anglo Pacific Group plc pursuant to the FSA`s
Disclosure and Transparency Rules.
Bevan Metcalf
Company Secretary
Sponsor
Merchantec Capital
15 March 2011
For further information on African Eagle, see the Company`s web site
www.africaneagle.co.uk or contact one of the following:
Bevan Metcalf
African Eagle
+44 20 7248 6059
Andrew Chubb/Bhavesh Patel
Canaccord Genuity Limited
+44 20 7050 6500
Guy Wilkes
Ocean Equities Limited
Charmane Russell/Marion Brower
Russell & Associates, Johannesburg
+ 27 11 8803924
+ 27 82 8928052
About African Eagle
Since discovering a major nickel oxide deposit at Dutwa in Tanzania, African
Eagle is in transition from an explorer into a nickel producer. The Company
completed a positive scoping study on the Dutwa deposit in July 2009 and is now
working towards a feasibility study.
In addition to Dutwa, African Eagle is also evaluating a second promising nickel
oxide at Zanzui, which is located 60 km from Dutwa. The Company holds a 49%
interest in the Mkushi Copper Mines joint venture in Zambia, for which a draft
feasibility study was completed in Q4 2008. It also holds a half million ounce
gold resource at the Miyabi project in Tanzania, and a portfolio of gold and
base metal exploration assets, including two projects in the Zambian Copperbelt.
Date: 15/03/2011 14:00:01 Produced by the JSE SENS Department.
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