African Eagle Resources plc
Nickel Laterite Discoveries
in Tanzania
African
Eagle
Resources
plc
Disclaimer
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FORWARD-LOOKING STATEMENTS
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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 Mozambique
• Projects in Zambia, Tanzania, Mozambique
• AIM listed since June 2003
• AltX listed since August 2007
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
"
Dutwa
Nickel
Laterite
Lake Victoria Discovery
MWANZA
"
Geita
"
Zanzui
SHINYANGA
"
Nickel
Kahama
Laterite
50km
"
Discovery
Urban Areas
" District Centre
" REGIONAL CENTRE NZEGA
"
¹
Geology
Ultramafic
Greenstone
Granite
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 !
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Ultramafic intrusion outlined by ground magnetic survey
African
Eagle
Resources
plc
Dutwa Nickel Discovery
Leg en d
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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
The cobalt intersections coincide with high nickel values. Resources
plc
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 VOLUME TONNES DENSITY Ni Co Fe Mg
(m3) (Mt) (t/m3) % % % %
INFERRED 19 31 1.6 1.1 0.034 8.5 3.5
(JORC)
340,000 tonnes contained nickel & 11,000 tonnes contained cobalt
SRK Dutwa Resource Model (>0.5% Ni)
red = internal waste,
African
green = mineralised envelope Eagle
blue = external waste Resources
plc
Dutwa Nickel Discovery
Cut here….
African
Eagle
Resources
plc
Zanzui Nickel Prospect
Image of magnetic field, VTEM, nickel soil geochemistry African
with scout drill hole locations Eagle
Resources
plc
Zanzui Nickel Prospect
Elevation and nickel soil geochemistry African
Eagle
Showing scout drilling programme (reverse circulation) 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