Company Information for Baobab Resources Plc

Company stock charts - 12 Month chart

AIM; BAO View full financial data

Company Statement

Baobab was established in 2005 to acquire the Mozambican company Capitol Resources, which the Directors consider has a balanced portfolio of projects in Mozambique ranging from advanced resource definition drill targets to brownfield exploration, and greenfield prospects boasting an array of commodities.

Backed by a strong technical & financial management team with working experience in Mozambique & other Southern African countries, Baobab has implemented a focused strategy, with proposed & current exploration programmes designed to lead to staged project development over the next 12 to 24 months.

Current Operations

Mundonguara Project  - copper/gold/silver
The Manica Licence 1022L, is the company's most advanced exploration project area and includes the Mundonguara copper-gold mine (closed since 1989).  A prime focus of the Company will be to define high grade copper resources, quantify the copper/gold oxide cap and determine the tenor and extent of potential lower grade haloes at Mundonguara, with the intention to return the mine to production in the near term.

Bandire Project - gold
The Bandire gold workings are located to the south of Prospecting Licence 1021L, immediately outside the eastern boundary, but trending into Prospecting Licence 581L The gold mineralisation at Bandire, where an original small mine operated (in relation to which the Company has been unable to obtain any production data), has been opened up in extensive, shallow diggings by artisanal miners. This recent digging was stimulated by the results of exploration during 1997-1999 by Ashanti Exploration Ltd, whose programme culminated in the drilling of 11 reverse-circulation percussion holes.  Perhaps the most important outcome of Ashanti’s extensive (12.5 kilometres by 8 kilometres) soil geochemical sampling (on a 200 metres by 800 metres grid) programme, was the identification of four gold anomalies outside the immediate Bandire area of workings. These anomalies are all located on Baobab’s Prospecting Licences.

Changara Project - base metals
The Changara Project Area has been identified as a potential host to Broken Hill-style base metal mineralisation.

The Changara Prospecting Licences cover an area of 525 square kilometres and predominantly contain lithologies of the Rushinga group.  Rocks within the area are dominated by felsic gneisses and migmatites, however local marble and meta-arkose units offer opportunities for replacement mineralisation where fault structures provide access for hydrothermal solutions.  In the northern third of the project area, there are some younger Cretaceous deposits which overlie Permian-aged Karoo sediments and volcanics.  A small inlier of Chidue Formation carbonates occurs in this area and could be more extensive beneath the superficial cover providing further exploration targets for replacement style deposits.

Tete Mafic Complex

• Tete Mafic Complex highly prospective for hydrothermal replacement deposits of gold, copper, uranium, titanium, iron & tungsten
• Baobab licences contain the Chitongue titaniferous magnetite deposits of +1Mt combined content & the Chiculambo uranium occurrence where davidite mineralisation has been recognised
• Neighbouring companies actively exploring include CVRD, Falconbridge & Omega Corp

Furancungo and Angonia Project Details
The Furancungo and Angonia Project Area lies in the northern part of the Neoproterozoic Mozambique Mobile Belt.  From west to east, the geology is dominated by Post-Fingoe granitoids, followed by the Angonia Group of paragneiss and granulites. These rock types offer contrasts in competency and chemical reactivity and therefore can be expected to host mineralisation.

In 1982, the United Nations Development Program undertook a regional geochemical survey in conjunction with preliminary geological mapping at 1:50,000 scale of an area of 5,500 square kilometres in the Angonia-Macanga region. This survey outlined several multi-elemental base metal and uranium anomalies, some of which lie on Baobab’s Prospecting Licences.

Board of Directors and Key Management

Mr Jeremy Dowler	Non-Executive Chairman
Mr Ian Cullen	Managing Director
Mr Brett Townsend	Executive Director
Mr Jonathan Beardsworth	Non-executive Director
Mr Tony walsh	Non-executive Director

Company Address 27/28 Eastcastle Street London, W1W 8DH Email: info[at]baobabresources.com Website: http://www.baobabresources.com

Additional Address/Key Contact Baobab Mining Services Pty Ltd 49 Phillimore Street Fremantle Western Australia 6160 Australia Telephone: +61 8 9430 7151 Facsimille: +61 8 9430 7664 Postal Address PO Box 1229 Fremantle Western Australia 6959 Australia

Nominated Brokers Westwind Partners (UK) Limited

Nominated Advisors Grant Thornton Corporate Finance

Major Shareholders

Credit Suisse Client Nominees (UK) Limited	12,300,000	25.19%
Robyn Jean Broadhurst + Alexander Irwin Crowe	5,250,000	10.75%
Mineral Securities Ltd	5,000,000	10.24%
Mr Robert Brown	4,000,000	8.19%
Mr Jeremy Bewick Dowler	2,915,169	5.97%
HSBC Global Custody Nominee (UK) Limited	2,267,500	4.64%
Mr Alexander Irwin Crowe	2,000,001	4.10%
HSBC Global Custody Nominee (UK) Limited	2,000,000	4.10%
Chase Nominees Limited	1,800,000	3.69%

Related News

12/03/08 - Life’s On The Up In Mozambique, And Baobab Resources Looks Well Positioned To Keep The Good Times Going
30/08/07 - Baobab Resources Has One Mine And Plenty Of Potential
01/02/07 - Baobab Resources Brings An Interesting Selection Of Exploration Projects In Mozambique To AIM

Most Recent Statement

18/06/08 - TETE PROJECT - MASSAMBA AREA AIRBORNE GEOPHYSICAL
14/04/08 - Directorate Changes
11/03/08 - Grant of Two Prospecting Licences in Mozambique
25/01/08 - Placing raises £0.72 M for ongoing exploration and evaluation
19/12/07 - Final Results for the 12 Months ended 30 June 2007
13/12/07 - Placing Raises £1.1 for ongoing exploration and evaluation