ZCI - ZCI Limited - New amendment to Thakadu Mining Licence
ZCI
ZCI
ZCI - ZCI Limited - New amendment to Thakadu Mining Licence
ZCI Limited
(Bermudian registration number 661:1969
(South African registration number 1970/000023/10)
JSE share code: ZCI ISIN: BMG9887P1068
Euronext share code: BMG9887P1068
("ZCI" or "the Company")
NEW AMENDMENT TO THAKADU MINING LICENCE
ZCI is pleased to announce that it has its main operating asset, African Copper
Plc ("ACU"), the AIM and Botswana listed copper producer and exploration
company, announces an amendment to the existing Mining Licence for the Thakadu
concession.
In their statements accompanying the financial statements for the year ended 31
March 2011, ACU 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.? The archeological site at Thakadu was
excluded from the initial Mining Licence.
ACU 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, ACU
will now be able to mine out all of the resources in the Thakadu Mining permit
by open pit means.
For further information please visit www.africancopper.com
Bermuda
2 November 2011
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 02/11/2011 11:00:01 Produced by the JSE SENS Department.
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