Managing director Mark Parker said the company believes its Dutwa nickel deposit was shaping up to be the "most exciting base metals discovery" in Africa in the last 50 years. African Eagle is now in the process of defining a nickel and cobalt resource by the end of the year and has about 3 million lbs in cash in the bank to finance this Dutwa and other projects.
African Eagle claims significant nickel discovery in Tanzania Anonymous Mining Engineering; Nov 2008; 60, 11; Docstoc pg. 21 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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