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ZCI - ZCI Limited - New amendment to Thakadu Mining Licence

Release Date: 02/11/2011 11:00
Code(s): ZCI
Wrap Text

ZCI - ZCI Limited - New amendment to Thakadu Mining Licence ZCI Limited (Bermudian registration number 661:1969 (South African registration number 1970/000023/10) JSE share code: ZCI ISIN: BMG9887P1068 Euronext share code: BMG9887P1068 ("ZCI" or "the Company") NEW AMENDMENT TO THAKADU MINING LICENCE ZCI is pleased to announce that it has its main operating asset, African Copper Plc ("ACU"), the AIM and Botswana listed copper producer and exploration company, announces an amendment to the existing Mining Licence for the Thakadu concession. In their statements accompanying the financial statements for the year ended 31 March 2011, ACU stated that following the receipt of a Mining Licence for Thakadu in December 2010, the goal was to receive permission under the issued Mining Licence to mine out the ore reserve directly underneath the Thakadu archaeological site by open pit means.' The archeological site at Thakadu was excluded from the initial Mining Licence. ACU has now received such permission from the Ministry of Minerals, Energy and Water Resources of the Government of the Republic of Botswana. As a result, ACU will now be able to mine out all of the resources in the Thakadu Mining permit by open pit means. For further information please visit www.africancopper.com Bermuda 2 November 2011 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 02/11/2011 11:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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