Profile

African Eagle is a UK-incorporated mineral exploration and development company operating in Zambia, Tanzania and Mozambique. These countries all have highly prospective geology, low above-ground risks and track records of successful major investments in the metals and minerals industries.

The Company has a highly motivated team, proven management, an experienced board and has recently signed up industry partners with records of taking mines into production. African Eagle’s principal assets are the Dutwa nickel laterite discovery in Tanzania (where the Company announced a JORC resource at the end of 2008 and favourable metallurgical results in early 2009), and the Mkushi Copper Mines project in Zambia (for which the components of a Feasibility Study were completed in Q4 2008).

African Eagle also holds a large well-balanced portfolio of promising earlier stage gold and base metal projects, including two projects in the Zambian Copperbelt and the Eagle Eye iron-oxide copper gold project, also in Zambia.

Joint ventures with industry partners and, in time, the revenue streams from our advanced projects, should finance future exploration and new discoveries.

African Eagle prides itself on being a low cost operator and on average 80p or more of every £1 is spent "in the ground".

History

African Eagle was set up by its Managing Director Mark Parker in late 1996, initially as a private company named Twigg Resources. Shares in a public vehicle, Twigg Minerals plc, were admitted to trading on the OFEX market in March 2000. In August 2002 the Company acquired Australian junior explorer AERL in a share for shares deal, bringing in a group of promising Zambian projects. In September 2002 the Company's name was changed to African Eagle Resources plc and June 2003 the company was listed on AIM. African Eagle obtained a dual listing on the Johannnesburg AltX in August 2007.

UK Office & Registered Address : 2nd Floor, 6-7 Queen Street, London, EC4N 1SP, UK,
+44 20 72 48 60 59 Fax +44 20 76 91 77 45 e-mail info@africaneagle.co.uk
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