Baobab Resources (LON:BAO) Managing Director, Ben James, discusses the operational update announcement and the implications of the Memorandum of Understanding (MOU) with Mozambique's national power utility.
Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Mozambique's state owned energy company, Electricidade de Moçambique ('EDM') to jointly commission a detailed network option study on the Tete Project's power requirements. The MOU signals a significant step towards developing and formalising a power purchase agreement with EDM.
Baobab Resources Plc (LON:BAO)is pleased to announce the continued support by its cornerstone shareholder, African Minerals Exploration & Development SICAR SCA ('the Fund'), through a significant investment at a 15% to the prevailing market.
Baobab announces that today an exploration update was made by Metals of Africa (ASX:MTA). An extract of the announcement is presented below and the full announcement is available on the Australian Stock Exchange website
Baobab Resources Plc (LON:BAO) ('Baobab' or 'the Company') is pleased to announce the appointment of Francis John ('Frank') Eagar as Chief Financial Officer and New Business Manager ('CFO') of the Company.
Baobab Resources Plc (LON:BAO) is pleased to announce that its Tete joint venture ('JV') partner, IFC, a member of the World Bank Group, has committed to supporting the on-going Definitive Feasibility Study (DFS) work programme through a pro rata contribution of approximately US$1,000,000.
Baobab Resources Limited (LON:BAO) through its wholly owned Mozambique subsidiary Capitol Resources Limitada is pleased to announce that it has signed a Joint Venture Heads of Agreement with Australian exploration company Auroch Minerals NL
