African Eagle Resources plc Nickel Laterite Discoveries in Tanzania
African Eagle Resources plc
Disclaimer
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African Eagle Resources plc
African Eagle: Company Overview
• Diversified exploration company
Tanzania
• Experienced board and management
Zambia
• Focus on copper and gold; nickel discovery • Projects in Zambia, Tanzania, Mozambique • AIM listed since June 2003 • AltX listed since August 2007
Mozambique
African Eagle Resources plc
Projects
Feasibility • Mkushi Copper, Zambia Resource definition • Miyabi Gold, Tanzania • Dutwa nickel, Tanzania • Mokambo Copper, Zambia Advanced exploration • Ndola Copper, Zambia • Eagle Eye Copper-Gold, Zambia • Zanzui nickel, Tanzania Earlier-stage projects • 18 precious metals • 13 base metals • 8 uranium
African Eagle Resources plc
African Nickel Laterites
Dutwa/Zanzui, Tanzania
Sipilou, Cote d’Ivoire
Ambatovy, Madagascar Nkamouna, Cameroon
Musongati, Nyabikere, Waga; Burundi
African Eagle Resources plc
African Eagle’s Nickel Laterites
MUSOMA
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Lake Victoria
Dutwa Nickel Laterite Discovery
MWANZA
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Geita
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SHINYANGA
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Kahama
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50km
Zanzui Nickel Laterite Discovery
Urban Areas
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District Centre REGIONAL CENTRE NZEGA
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Geology Ultramafic Greenstone Granite
¹
African Eagle Resources plc
Dutwa Nickel Discovery
Possible blind ultramafic intrusion
5km nickel geochemical anomaly
African Eagle Resources plc
Dutwa Nickel Discovery
Scale = 1: 15,000 0 250 500 m
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Ultramafic intrusion outlined by ground magnetic survey
African Eagle Resources plc
Dutwa Nickel Discovery
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Drill programme completed
African Eagle Resources plc
Dutwa Nickel Discovery
Drill results
Nickel
• • • • • 57m at 2.57% from surface, including 15m at 6.9% 30m at 2.53% from 15m depth, including 12m at 3.19% 54m at 1.35% from 6m depth, including 12m at 2.43% 30m at 2.26% from 12m depth, including 15m at 3.60% 63m at 1.07% from surface, including 30m at 1.35%
Cobalt
• • • 30m at 0.47% from 6m depth, including 21m at 0.64% and 6m at 1.68% 24m at 0.56% from 9m depth, including 6m at 1.08% 24m at 0.36% from surface, including 3m at 1.57%
African Eagle Resources plc
The cobalt intersections coincide with high nickel values.
Dutwa Nickel Discovery
2.5km
SRK- 3D view of the solid mineralisation wireframe (>0.5% Ni)
African Eagle Resources plc
Dutwa Nickel Discovery
Mineral Resource Statement (0.5% Ni cut-off)
CATEGORY INFERRED (JORC) VOLUME (m3) 19 TONNES (Mt) 31 DENSITY (t/m3) 1.6 Ni % 1.1 Co % 0.034 Fe % 8.5 Mg % 3.5
340,000 tonnes contained nickel & 11,000 tonnes contained cobalt
SRK Dutwa Resource Model (>0.5% Ni) red = internal waste, green = mineralised envelope blue = external waste
African Eagle Resources plc
Dutwa Nickel Discovery
Cut here….
African Eagle Resources plc
Zanzui Nickel Prospect
Image of magnetic field, VTEM, nickel soil geochemistry with scout drill hole locations
African Eagle Resources plc
Zanzui Nickel Prospect
Elevation and nickel soil geochemistry Showing scout drilling programme (reverse circulation)
African Eagle Resources plc
Summary and timeline
• • • • • • • • Two Major Nickel Laterite Discoveries 150-hole drill programme completed Up to 60m at 2.6% nickel Cobalt as significant by-product Dutwa Resource Announced Dutwa East and Zanzui: Exploration Upside Metallurgical testing underway (Mintek) Scoping Study 2009
African Eagle Resources plc
African Eagle Resources plc Nickel Laterite Discoveries in Tanzania
African Eagle Resources plc