AFRICAN EAGLE RESOURCES plc
Holding in Company
African Eagle Resources plc ("African Eagle" or "the Company", ticker
AIM: AFE, AltX: AEA) has been notified that Barclays PLC, through
Barclays Stockbrokers Ltd and Gerrard Investment Management Ltd,
controls the exercise of the voting rights attached to 6.96 per cent.
of the Company's issued share capital.
African Eagle Resources plc
28 July 2009
For further information, see the Company's web site
www.africaneagle.co.uk or contact one of the following:
+44 20 7248 6059
+44 77 5640 6899
Seymour Pierce Limited
+44 20 7107 8000
About African Eagle
African Eagle is a diversified mineral exploration and development
company operating in eastern and central Africa. The Company's
principal advanced projects are the Dutwa nickel laterite discovery
in Tanzania, where the Company completed a scoping study in June
2009, and the Mkushi Copper Mines project in Zambia, for which a
draft Feasibility Study was completed in Q4 2008.
African Eagle has also defined a gold resource estimated at half a
million ounces at the Miyabi gold project in Tanzania, and is
evaluating a second promising nickel laterite deposit which it
recently discovered in Tanzania. The Company holds a well-balanced
portfolio of promising earlier stage gold and base metal projects,
including the Ndola and Mokambo projects in the Zambian Copperbelt.
Zambia, Tanzania and Mozambique, the sites of African Eagle's
projects, are all countries which have highly prospective geology,
relatively low above-ground risks and track records of successful
major investments in the metals and minerals industries.
African Eagle specialises in project generation and exploration. To
take its discoveries into production, it seeks to sign up industry
partners with records of successful mine development. These joint
ventures and, in time, the revenue from advanced projects, will
finance future exploration and new discoveries.
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