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African Battery Metals Starts Exploration Activities In Cameroon

LONDON (Alliance News) - African Battery Metals PLC said Monday it has started exploration ...

Alliance News 20 May, 2019 | 2:15PM
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LONDON (Alliance News) - African Battery Metals PLC said Monday it has started exploration activities on its cobalt-nickel project in Cameroon.

The company will begin with a pit excavation programme to a maximum depth of 15 metres per individual pit, and will include mapping and sampling of each pit to form a database of prospect information.

The excavation will test for cobalt and nickel mineralisation, with the objective of testing the theory that African Battery Metals's licence interests may demonstrate geological similarities to the nearby Nkamouna deposit.

"I am pleased to announce the recommencement of exploration field work in Cameroon, which follows the recommencement of exploration at the Kisinka project in the DRC announced in April," said Executive Director Paul Johnson.

"As with Kisinka, we have opted to focus our initial exploration spend in a highly targeted manner, answering a simple exploration question and namely, do the identified target areas have geological similarity to the nearby Nkamouna deposit?" Johnson added.

Shares in African Battery Metals were up 5.6% at 0.48 pence on Monday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
African Battery Metals PLC 0.48 GBX -5.00 -

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