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Maiden JORC Resource Estimate for Zanzui
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
(“African Eagle” or the “Company”)
Maiden JORC Resource Estimate for Zanzui
African Eagle is pleased to announce a maiden JORC Inferred resource estimate on a small part of its 85%
owned Zanzui complex of 27 million tonnes (“Mt”) at a grade of 0.81% nickel and 0.06% cobalt. Estimated
metal contained in the newly defined resource is approximately 219,000 tonnes of nickel and 16,000 tonnes of
cobalt.
The Zanzui complex is situated about 50km south of African Eagle’s Dutwa Nickel Project in Tanzania and this
maiden resource confirms that the lithology of nickel mineralisation discovered at Dutwa is not limited solely to
that property and that at least one further instance of similar mineralisation exists in the region. The Zanzui
complex covers an area of approximately 140 km2 and the defined Inferred nickel resource measures only
around 3 km2. The Company will explore the potential for ore from Zanzui to become supplemental feed to its
Dutwa project.
Table 1: Total January 2013 Zanzui Mineral Resource – Inferred Resource estimate reported above a
0.55% nickel cut-off.
JORC (2004) Lithology Tonnes Ni Co SiO2
Resource Category (Mt) (%) (%) (%)
Ferruginous-siliceous 23.2 0.81 0.06 62.7
Transition 3.4 0.81 0.03 45.0
Inferred Sap rock 0.4 0.71 0.03 39.6
Total 27.1 0.81 0.06 60.0
JORC (2004) Lithology Tonnes Fe2O3 MgO Al2O3
Resource Category (Mt) (%) (%) (%)
Ferruginous-siliceous 23.2 24.9 1.9 1.7
Transition 3.4 21.7 11.3 2.1
Inferred Sap rock 0.4 14.4 27.3 0.9
Total 27.1 24.3 3.5 1.8
Small discrepancies may occur due to the affects of rounding
Commenting on the announcement, African Eagle’s CEO, Trevor Moss, said, “This maiden resource
confirms the medium term potential of Zanzui to become an exciting extension to our flagship Dutwa Nickel
Project as it lies within reasonable transport distance to the planned processing plant at Dutwa. This maiden
resource estimate is only for a small part of the large circular shaped Zanzui mafic/ultramafic complex
prospect, which measures around 12 kilometres in diameter. Zanzui is a significant target and the Company
is evaluating options with regard to expanding exploration to cover the other main areas of the complex
including the strong potential for significant sulphide mineralisation.”
The Inferred resource for Zanzui was prepared by Snowden Mining Industry Consultants Pty Ltd of Perth
Australia from data acquired from drill programmes comprising 75 vertical reverse circulation holes drilled on
a staggered pattern of 100m and 200m for a total of 4,362 metres of drilling. African Eagle performed the
drilling in two phases with the first occurring in August 2008 and the second in May and June 2010. The
overall programme was designed only to provide early data for an initial investigation into the Zanzui area
and to begin the evaluation of Zanzui as a mineral target.
Qualified Person
Richard Sulway is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM(CP)) and has
sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration
and to the activity to which he is undertaking to qualify as a competent person as defined in the 2004 edition
of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.
Richard Sulway is a full-time employee of Snowden Mining Industry Consultants Pty Ltd and is a Qualified
Person under AIM rules. Richard Sulway consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
For further information, please visit www.africaneagle.co.uk or contact:
African Eagle Resources plc
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059
Canaccord Genuity Limited (NOMAD and Joint Broker)
Rob Collins or Andrew Chubb
+ 44 20 7523 8000
Ocean Equities Limited (Joint Broker)
Guy Wilkes
+44 20 7786 4370
Sponsor
Merchantec Capital
8 January 2013
About African Eagle
African Eagle Resources plc is a nickel development and exploration company listed on the London AIM
(AFE) and Johannesburg AltX (AEA) stock exchanges. The Company's flagship project is the Dutwa Nickel
project in Tanzania located about 25km south of Lake Victoria and 110km east of Mwanza within greenstone
gold belts which host many of Tanzania's operating and developing gold mines. The Company is currently
conducting a Bankable Feasibility Study, which is due for publication during 2013.
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