African Copper PLC is an UK incorporated company that holds prospecting and retention licences in north eastern Botswana:
the northern Dukwe Project (covering approximately 319 km2) which contains a near production target (the Dukwe deposit) and a number of exploration areas; and

the southern Matsitama Project (covering approximately 4,000 km2) which contains a large number of prioritized exploration targets.
Location Map
Two Large Project Maps


Dukwe Project Overview

The Dukwe deposit, which is contained within the Dukwe Project, has been traced by drilling and surface sampling over a total strike length of 4,370 m, of which the central 2,000 m section is currently being considered for selective underground mining. The deposit has been tested by drilling to a maximum depth of 550 m. The deposit contains near-surface supergene and transition copper resources and a substantial underlying sulphide resource. The Company intends to develop a flotation concentrator and underground access at Dukwe throughout 2007, subject to financing. Under this timetable, commericial production would be realized in early 2008 at a rate of about 44 million pounds of copper per year.

The southerly Matsitama Project is a 4,000 km2 prospective exploration area containing numerous showings of copper, lead-zinc and nickel and covering the entire Matsitama Belt. A number of strataform and stratabound sedimentary hosted copper deposits are known to occur within the belt. A large number of high amplitude geochemical anomalies also exist, but these latter targets have seen virtually no exploration. Af4rican Copper has embarked on a multi-year exploration programme in Matsitama and intends to complete a pre-feasibility study on the Thakadu/Makala copper-silver deposits in 2006.





Sun Dec 31, 2006
Share Structure

--------------------------------------------------------------------------------
Shares Issued 128.84m
Market Cap 83.75m


Key Personnel
CEO Joseph Hamilton
COO Chris Fredericks



http://www.africancopper.com/s/Home.asp

http://www.metalprices.com/FreeSite/metals/cu/cu.asp

Interesting Read !

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/27/cnhamb127.xml

Author: Dorothy Kosich
Posted: Monday , 06 Aug 2007

RENO, NV -

The combination of strong global demand and a struggling supply, Citigroup envisions a structural change in copper markets, which convinced London-based analysts to upgrade 2008-2010 copper price forecasts to US$3-3.50/lb.

In their recent report, "Metals and Mining Strategy Copper Look at These Prices," analysts Craig Sainsbury, Heath R. Jansen and Liam Fitzpatrick increased their local-term copper price forecasts from $1.10/lb to $1.45/lb. The 32% increase is driven by the combination of structural costs increases for existing producers, combined with increasing capital and operating cost hurdles.

The analysts also predicted that UK-based copper miners will deliver 1.4mt of new copper production, representing 25% of additional global supply. "Therefore copper bulls, the better leverage will be in growth stocks such as First Quantum, Antofagasta, Vendanta and Xstrata," they asserted.

Meanwhile, Citigroup recommended First Quantum Minerals (FQM) as its preferred pure play copper exposure, "given the longer-term strategic upside (exploration/development potential in Africa) as well as our belief that FQM is a prime potential takeover target."

The analysts asserted that further upside value in equities would need to be driven by exploration success; further copper price upside; cost reduction; improved profile; and M&A activity. Based on these drivers, Sainsbury, Jansen and Fitzpatrick highlighted "Xstrata and First Quantum as the two most likely companies to deliver."

Citing FQM's early-mover advantage in the Zambian/Congolese copper belt, and projects such as Kashimie, the expansion of Guelb Meghrein and Frontier, the analysts noted "there is a potential for FQM to be a 600ktpa-plus producer by 2010.

Meanwhile, the analysts declared that "Xstrata has one of the best stables of copper projects among its global peers. Projects such as the debottlenecking of Collahuasi, Las Bambas, Tampakan and El Pachon have the potential to add 500kt of new production for XTA by 2012/"

Citigroup noted that "cash generation remains a strong theme for all the miners. Between now and 2010, we see the copper-exposed equities generating 70% of their current market value in surplus." The analysts explained that "with the strong commodity prices and limited avenues for capital investment, we see significant build up of cash on the balance sheet."

African Copper Q2 loss narrows; making progress on production for Mowana Mine
AFX


LONDON (Thomson Financial) - African Copper PLC reported a narrower second-quarter loss mainly attributable to increased bank interest receivable, adding 'significant' progress is being made towards production of copper from the Mowana Mine at the end of the first quarter of 2008.

The company posted a net loss of 49,761 stg for the three months to June compared with 254,523 stg in the year-ago period.

Its bank interest receivable came in at 785,736 stg, up from 239,461 stg.

The increased administrative expenditure and share based compensation costs were more than offset by the bank interest receivable for the period, the company said in a statement.

FOR: AFRICAN COPPER PLC

TSX, AIM SYMBOL: ACU

August 20, 2007

African Copper Plc: Disclosure of Shareholding

LONDON, UNITED KINGDOM--(Marketwire - Aug. 20, 2007) - African Copper Plc (TSX:ACU)(AIM:ACU)(BOTSWANA:AFRICAN
COPPER) received notification on 20 August 2007 that RAB Special Situations (Master) Fund Ltd has a notifiable
interest in 8,308,810 ordinary shares in the Company. This interest represents 5.95% of both the Company's
current issued share capital and of total voting rights.

-30-

Copper rules the metal markets

Copper, long seen as a proxy for global economic activity, is doing all right, along with copper stocks, as Chinese consumption continues to increase.
Author: Barry Sergeant
Posted: Wednesday , 22 Aug 2007

JOHANNESBURG -

The dollar price of copper - levels of which are used by some investors as a proxy for global economic activity - has outperformed many other metals and commodities during recent bouts of profit taking in equity markets, triggered by uncertainties in credit markets, which stemmed, in turn, from rising failures in the US subprime mortgage bond market.

Measured in dollar terms, copper is about 10% up on the start of the calendar year, but 15% off its May highs. The price has shown a strong correlation with moves in the Standard & Poor's 500, and has supported relatively smaller losses of listed copper stocks, when measured against other groups of mining stocks. The copper grouping has performed almost as well as the major diversifieds grouping, where several individual members rank, as such, as major copper producers.

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=25815&sn=Detail

From today's Minesite:

BASE METALS OFFERING HIGH RETURNS
Copper developers ripe for consolidation

Near-term development projects offer better returns compared to producers, says Raymond James.
Author: Tessa Kruger
Posted: Thursday , 06 Sep 2007

JOHANNESBURG -

Copper companies with advanced development projects could offer investors high returns compared to cash flowing mining companies as consolidation in the copper development sector is pending.

Advanced stage projects in the development sector will become more of a takeover focus in the next few months as the need of mid-cap to large cap metal companies to expand their project pipeline becomes more pressing, said Raymond James analysts Tom Meyer and Miroslav Vukomanovic.

Meyer said in an Equity Research note that the project development group of copper companies now traded at a discount of 30% to the group of copper producers compared to a 20% discount in mid-July.

This comes on the back of the reversal in base metal equity prices from July peaks.

Copper producers trade at a weighted average P/NAV of 0.91 times and copper development companies trade at 0.64 times.

Meyer said deeper discount could be found in development companies with a production time line beyond the liquid end of copper forward curve, which remains in steep backwardation.

Increasing development constraints, such as permitting, political issues or sourcing of equipment or labour, which could expand the typical eight to ten year mine implementation timeline, should boost the valuation of the more advanced of these projects.

The estimated payback on the acquisition of the more attractive development projects ranges from five to nine years, if a flat forward copper price of US$2.50/lb is assumed.

This estimation is based on the cost of acquiring the shares in the market without a premium, cost of developing the project and waiting for production to start.

"Considering that exploration to production typically takes eight to ten years, depending on the size and political jurisdiction of a project, we believe advanced stage projects will become more of a focus in the coming months."

Meyer said a number of companies were possible take-out targets in the pending consolidation in the small and mid-cap copper space.

Inca Pacific (TSX.V:IPR) tops the desirable acquisition list on the basis of valuation, acquisition payback and overall risk profile criteria and is followed by Northern Peru Copper (TSX:NOC) and Chariot Resources (TSX:CHD).

Inca Pacific is an inexpensive development company, with shares trading at a P/NAV of 0.13 times. It has a five year acquisition payback and the prospect of 30% of future revenues derived from molybdenum production.

Northern Peru's Galeno copper project is the second largest copper project not yet owned by a major mining company. It has potential for infrastructure sharing with the neighbouring Michiquillay recently acquired by Anglo American.

Chariot Resources' probability of acquisition increases as the feasibility study on its 70% owned Marcona project is due for release in first quarter of 2008.

Equinox Minerals (TSX:EQN), Northern Dynasty (TSX.V:NDM, AMX:NAK) and African Copper (TSX:ACU, AIM:ACU) are respectively ranked in the fourth, fifth and sixth places of desirable acquisitions.

Equinox is an attractive takeout target on the basis of its current share valuation of P/NAV of 0.56 times, an estimated 6.2 year payback in a takeout scenario and its Lumwana copper project is expected to start production in second quarter 2008.

Northern Dynasty is fully financed from an equity perspective for its 50% share of the world-class Pebble project in Alaska. And African Copper is expected to start production at its wholly owned Dukwe mine in first quarter of next year.

Meyer believes positive cash flow from Dukwe along with the extensive Matsitama exploration land package could be an attractive combination for a small to mid-cap copper producer to consolidate into an existing portfolio of producing mines.

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=26708&sn=Detail

RNS

September 18, 2007

African Copper Receives Licence Renewal for Over 3,500sq km of Matsitama Exploration Property in Botswana

- 88% of original exploration land position retained to June 30, 2009

LONDON, UNITED KINGDOM--(Marketwire - Sept. 18, 2007) - African Copper Plc ("African Copper" or the "Company") (TSX:ACU)(AIM:ACU)(BOTSWANA:AFRICAN COPPER) is pleased to announce that the exploration licence renewal application submitted by African Copper to the Botswana Geological Survey ("BGS") was accepted for the Matsitama Exploration Licences, adjacent to the Mowana Mine licences.

These four exploration licences (PL14/2004, 15/2004, 16/2004 and 17/2004), totalling 3,528 sq km (see Figure 1) represent approximately 88% of the original licence area granted in 2004 and allow African Copper to continue carrying out its aggressive exploration programs in the prospective Matsitama volcano-sedimentary fold belt.

Including exploration licences surrounding the Mowana Mine, African Copper now maintains a land position of over 3,800 sq km in Botswana.

"We are very enthusiastic about the prospects for this licence area and are pleased that the BGS has allowed us to retain such a large percentage of the original land position," commented Joseph Hamilton, CEO. "This allows the Company to retain the best exploration targets in a contiguous package. Systematic exploration programs continue throughout the belt. We are very encouraged by the results of our exploration and remain confident that our efforts will result in further mineralisation that may support our operations at the Mowana Mine."

African Copper PLC

African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international exploration and development company. The Company is currently developing the Mowana Mine at the Dukwe Project in Botswana, southern Africa, and anticipates copper production in the first half of 2008. The Company's other interests are the 3,500sq km Matsitama exploration concession adjacent to the Mowana Mine property, which contains two known copper deposits and numerous base metal exploration targets. African Copper has approximately 139.6 million shares outstanding.

This press release contains or refers to forward-looking information, including statements relating to exploration results, potential mineralisation, exploration and mine development plans, future production, timing of the commencement of operations and estimates of market conditions, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks arising from operating in Africa, uncertainties relating to the availability and costs of financing needed in the future, the possibility that future exploration results will not be consistent with the Company's expectations, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results.

Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Further information about our properties, to download a copy of our Annual Report or any technical report or to access our Press Release Archive please visit www.sedar.com or our website at www.africancopper.com.

FIGURE 1 - Matsitama Exploration Concessions: http://www.ccnmatthews.com/docs/afcomap.pdf

FOR: AFRICAN COPPER PLC

TSX, AIM SYMBOL: ACU

November 14, 2007

African Copper Releases Third Quarter 2007 Results

LONDON, UNITED KINGDOM--(Marketwire - Nov. 14, 2007) -

PRESS RELEASE
14 November 2007

www.africancopper.com


AIM: ACU
TSX: ACU
Botswana Stock Exchange: African Copper

AFRICAN COPPER Plc

African Copper Releases Third Quarter 2007 Results

Highlights

"We are very pleased with the progress being made on the development of the Mowana Mine. The
processing plant remains on track for completion by the end of 2007" said Joseph Hamilton, CEO. "The
total cost estimate for the flotation concentrator and related facilities is estimated to be ZAR 464.4
million (Pounds Sterling 33.1 million or US$67.4 million). This is an 8.2% increase over the initial
2006 estimate. Optimization studies for the open pit are essentially complete. We are awaiting
delivery of a feasibility study that includes the capital cost for a dense media separation ("DMS")
plant which could increase the efficiency of the concentrate production process. An updated NI 43-101
compliant technical report (the "Technical Report") covering the entire Mowana mine project is
expected to be delivered before the end of November."

Financial Performance

- Q3 net gain of Pounds Sterling 393,693 or 0.28p per share. Year-to-date net gain of Pounds Sterling
264,220 or 0.20p per share. Higher bank interest receivable, foreign exchange gains and lower costs
related to share-based compensation all contributed to the gain.

- Capital expenditures on the development of the Mowana Mine amounted to Pounds Sterling 10.3 million
during the three months ended 30 September 2007 and Pounds Sterling 20.4 million during the nine
months ended 30 September 2007.

- As at 30 September 2007 the Company had assets of approximately Pounds Sterling 79.0 million (2006 -
Pounds Sterling 70.0 million) with gross cash balance totalling Pounds Sterling 34.6 million (2006 -
Pounds Sterling 53.3 million).

Update on the Development of the Mowana Mine

- There are approximately 400 employees and contractors on site.

- Moolman Mining Botswana (Pty) Ltd ("Moolmans") has started mobilization of the mining equipment and
commenced pre-stripping. Drill-blast-load operations commenced in the quarter.

- Company has placed 88 out of a forecasted 108 equipment orders. A further 11 orders have been
initiated and will be placed shortly. Of the remaining 9, only two relate to the start up of the
project.

- The Company has hired all senior supervisors and interviewed all concentrator staff.

- Subsequent to quarter end, the construction of ten out of the fifty staff houses began.

- Operating policies continue to be implemented at the Mowana Mine.

- An amended EIA for a fuel farm was given approval in October 2007.

- Test work on a DMS has been completed. A feasibility study of the DMS plant and the Technical Report
on the Mowana Mine should be available by the end of November.

- Pre-stripping activities have accelerated with the arrival of major mining equipment. About 4.8
million tonnes of material have been moved by the end of October; the current plan estimates that 7.5
million tonnes will be moved by year end.

- Construction activities are expected to be completed by late in the fourth quarter of 2007, cold
commissioning of the processing plant beginning early in the first quarter of 2008 and hot
commissioning beginning in mid to late first quarter resulting in the production of first concentrate
early in the second quarter of 2008.

Update on the Exploration Activities

- Exploration within the Mining Licence has encountered new mineralization about 350 metres south of
the pit boundary, and drilling in the second and third quarters of 2007 concentrated on the
delineation of this new resource that can be incorporated into a mine plan.

- Outside of the Mining Licence, follow-up drilling was completed in the third quarter to examine
targets identified through a geophysical survey. It is the Company's intention to search for open-pit
deposits in these areas. Drill results are being compiled as assays are received.

- Exploration continues in the vicinity of the Thakadu deposits to define further mineralisation that
may enhance the economics around a stand-alone plant at the deposit. Alternatively, the Thakadu
deposit may be scheduled into the Mowana life-of-mine plan, if insufficient material is identified to
support a stand-alone operation at this site.

- Work continues at Nakalakwana Hill where a low-grade copper-gold system has been identified. Results
of a 7-hole Phase 1 drill programme will be released by the end of November 2007. A Phase 2 programme
has commenced with two holes completed to date.

- Surface trenching at Gaokae has been completed and results are being received for a large scale
geochemical survey that has been completed over this area. Gaokae is a nickel target within ultramafic
to mafic intrusions at the basal part of the Matsitama schist belt. When all results have been
received and assessed, a drill programme will be designed and implemented.

- Under Botswana legislation, the Company was required to drop 50% of the surface area covered by the
Matsitama exploration licenses at the end of the first quarter of 2007. The Company applied to the
Geological Survey of Botswana to keep approximately 80% of the surface area of the licenses. Early in
the third quarter, the Geological Survey approved the application to retain 88% of the ground.

A full Management's Discussion and Analysis of results for the quarter and nine months ended 30
September 2007 and Financial Statements for the Company for the quarter and nine months ended 30
September 2007 are available on SEDAR at

LONDON (Thomson Financial) - African Copper PLC said pre-strip mining and construction at its Mowana mine in Botswana are on track for concentrate production early in the second quarter of 2008.

The company's strategy is to commence mining at Mowana by extracting the open-pit reserve to provide initial production and cash flow. Ore is now exposed on a number of faces within the open-pit.

However, African Copper said it has also commissioned a pre-feasibility study to investigate the viability of the larger underground reserves at Mowana. 'The results of this study should be available by the end of 2007, and if viable, would extend the life of Mowana well beyond 2014,' it said.

The company also said it is finalizing an off-take agreement with a metal broker and expects to have a deal in place by the end of 2007.

TFN.newsdesk@thomson.com

ran/ra

http://www.miningreview.com/archive/mra_5_2007/pdf/MRA%205%202007%20%20-%20African%20copper%20-%20PG51-53.pdf

Of Interest: 11/12/2007

RENO, NV -

UBS Lead Analyst Joachim Klement recently stated that he felt the base metals price outlook for next year was weaker as the slowdown in the U.S. economy is expected to result in a drag in demand although he expects "copper and aluminum to buck the trend and outperform the complex."

However, he warned, "a crucial factor in the near future could be measures taken by governments aimed at environmental protection by curbing energy intensive industries," noting that China and Indonesia are already "initiating steps in this direction."

In a recently published analysis, Klement suggested the slowdown in the U.S. economy will lead to a fall in commodities demand, "especially crude oil and copper as the U.S. is amongst the largest consumers globally. Historically, the performance of industrial metals mirrors U.S. industrial production. Slowing industrial production could severely dent the demand for commodities."

Klement noted that warehouse stocks of industrial metals are still at low levels with copper and zinc stocks at 2.6 and 2.5 weeks consumption respectively, while nickel is at four weeks.

"We feel the imposition of export taxes by China, one of the largest producers and consumers of base metals, to restrain the increasing prices and cool its rapidly expanding economy, could be the pivotal drivers of prices in 2008," according to Klement. "This development may be particularly favorable for aluminum and copper."

UBS asserted that copper prices could outperform in 2008 due the surge of imports of refined copper, and a 23% increase in Chinese copper usage this year, which is anticipated to rise an additional 6% in 2008. UBS also anticipates that the present tightness in the concentrate markets may continue as low treatment and refining charges may result in reduced smelter output next year.

"Another crucial factor which is likely to come into the picture on further dips in prices is buying interest from the Chinese State Reserve Bureau as it seeks to replenish inventories," Klement stated, adding that copper continue to be vulnerable to production outages.

UBS asserted that aluminum could be the strongest performer among base metals. Among the factors cited by Klement is the possibility that the world's largest producer and consumer of aluminum, China, could turn into a net importer due to export taxes.

Meanwhile, UBS expressed skepticism that lead could continue its price surge. "The scenario next year could be different, slowing demand and increased supplies would cause prices to weaken over the next year. Main factors which could generate this scenario include the possible resumption of exports from Ivernia's Magellan mine, which generates 3.5% of global lead output. Independent analysts estimate Chinese exports could increase 24% next year to 351,000 metric tons. Klement noted that lead inventories in LME warehouses have increased 89% since October 1. "We think rising inventories and the possible onset of a decline in demand may continue to weigh on prices," he said.

While tight global supplies caused zinc to rally this year, UBS forecast that "strong growth in mine production and the addition of new smelters in China during the second half of 2008 is likely to keep the market well supplied, hence weakness could be seen in zinc."

Finally, UBS noted that nickel prices have fallen "due to weak demand from stainless steel producers," who account for about 70% of nickel demand. "In our view, the weakness in stainless steel market is likely to persist in 2008," Klement predicted.

LONDON (Thomson Financial) - Toronto-listed African Copper PLC said it has finalised a five-year off-take agreement covering 100 pct of the production from its Mowana mine in Botswana with Swiss firm MRI Trading AG.

The agreement includes a 5.1 mln stg private placement at a subscription price of 70 pence per share, under which MRI will receive about 7.28 mln African Copper shares. The placement is expected to close by Feb 4.

Chief executive Joseph Hamilton said the deal 'with a strong partner sets the foundation for the Mowana mine revenue stream over the next five years.'

AIM
05 February 2008



NOTICE

(66)

05/02/2008 7:00am


RESTORATION OF TRADING ON AIM

AFRICAN COPPER PLC



The trading on AIM for the under-mentioned securities was temporarily suspended.
The suspension is lifted from 05/02/2008 7:00am.

This copper share is not doing well at all...unlike others

Very True.. but could be a good time to get in ??? :)

Or stay on the side lines!

In this market a safe bet !!



But if they stage a recovery at this level ! we will see ?

African Copper sees Mowana production of 29,000 tonnes in 2012 vs 5,500 in 2008
AFX


LONDON (Thomson Financial) - African Copper PLC said it expects production at its Mowana mine in Botswana to grow to 29,000 tonnes of copper in 2012 from 5,500 tonnes in 2008 after reviewing the operating parameters.

The company said the new production schedule has the potential to generate higher production, lower costs and defer additional capital requirements for two years, adding it expects the cash costs of production to drop to 1.49 usd/lb from 2.48 usd/lb in the period to 2012.

African Copper said it expects the first concentrate in the second quarter, with the first shipment in June.

In a statement, the AIM-listed miner also added recent exploration has increased the strike extent of the known mineralization at Mowana by up to 40 pct, or 800 metres south of the open pit.

'We anticipate being able to maintain production above 30,000 tonnes of copper per year beyond 2012 by integrating an underground mine into Mowana,' chief executive Joe Hamilton said.

FOR: AFRICAN COPPER PLC

TSX, AIM SYMBOL: ACU

February 26, 2008

African Copper PLC: Total Voting Rights

LONDON, UNITED KINGDOM--(Marketwire - Feb. 26, 2008) - In accordance with the FSA's Disclosure and Transparency
Rules, African Copper PLC (TSX:ACU)(AIM:ACU)(BOTSWANA:AFRICAN COPPER) advises that as at 26 February 2008 its
issued share capital comprised 146,858,957 ordinary shares of 1p each. The voting rights of all of these shares
are identical, with each share carrying the right to one vote. The Company holds no ordinary shares in
treasury.

The above figures may be used by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to their interest in, the Company under
the Disclosure and Transparency Rules.

FOR: AFRICAN COPPER PLC

AIM, TSX SYMBOL: ACU

March 31, 2008

African Copper Plc: Preliminary Results for the Year Ended 31 December 2007

LONDON, UNITED KINGDOM--(Marketwire - March 31, 2008) - AFRICAN COPPER PLC ("African Copper" or the "Company")
(TSX:ACU)(AIM:ACU)(BOTSWANA:AFRICAN COPPER) announces its preliminary results for the year ended 31 December
2007 and its Pula 150 million (Pounds Sterling 11.4 million) unsecured debt financing.

Highlights

Corporate

- The Company recorded a net gain for fiscal 2007 of Pounds Sterling 117,409 (0.09p), compared with a net loss
of Pounds Sterling 2,100,884 (2.20p) in fiscal 2006. Higher bank interest receivable and foreign exchange gains
more than offset higher corporate costs and Botswana administration costs contributing to the net gain in
fiscal 2007.

- Raised Pula 150 million (Pounds Sterling 11.4 million) - On 28 March 2008, Messina Copper (Botswana) (Pty)
Ltd ("Messina"), African Copper's 100% owned subsidiary, received binding subscription agreements as part of a
Pula 200 million Botswana Note Programme for Pula 150 million (Pounds Sterling 11.4 million) notes from local
Botswana institutions (the "Botswana Bond"). The Botswana Bond is denominated in Pula and is an unsecured fixed
rate note that bears interest at 14.0% per annum and has a bullet maturity in 7 years.

- Signed a concentrate sale and purchase agreement (the "Off-take Agreement") with MRI Trading AG ("MRI") for
100% of all copper products shipped from the Mowana Mine. The Off-take Agreement has a duration of 5 years and
is renewable. In conjunction with the Off-take Agreement, MRI subscribed for 7,284,000 ordinary shares of the
Company for net proceeds of Pounds Sterling 5 million.

Mowana Project Development

- Signed a five-year contract with Moolman Mining Botswana (Pty) Ltd.

- Mining Activities - Mining commenced in July 2007 with the removal of free-digging loose material from the
open-pit area. By the end of 2007, the full fleet of face-loading shovels had arrived on-site and these were
commissioned in January 2008. Even with the heavy rains experienced in January 2008 pre-stripping was
maintained close to schedule and blasting in the pit and stockpiling of ore had commenced by the end of January
2008. At the end of March 2008, the stockpiles at Mowana consisted of about 200,000 tonnes of material at 0.9%
copper, including about 33,000 tonnes grading 1.8% copper on the high grade stockpile.

- Strengthened the management and operating team - by the end of 2007, all senior positions had been filled.
The technical and operational team in Botswana has grown from 22 as at the end of 2006 to over 50 at the end of
2007 and currently numbers 77. Recruitment of junior level staff is on-going. The Company expects to have
approximately 175 employees when the Mowana Mine goes into production in the second quarter of 2008.

- Capital Costs - have been kept within the revised budgets presented in November 2007. The estimated 8%
increase in capital over the 2006 budget estimate was composed of intentional design changes to the crushing
circuit (4.5%) and to cost escalation that is being experienced throughout the industry.

- Construction Activities - As of the end of February 2008, construction of surface facilities was about 90%
complete.

- Start-up - Commissioning of the mechanical portions of the plant commenced in late March 2008 and should
culminate in the hot commissioning of the primary crusher in May 2008. The Company expects to be shipping
concentrate in June or July of this year. Completion of construction activities on site is expected in July
2008 with a hand-over from EPCM teams to operational teams. Commercial production should be declared in the
third quarter of 2008.

- Growing Production at Mowana - Metallurgical studies were also conducted to optimise process design and
recoveries, and explore the benefits of a Dense Media Separation plant. At the conclusion of these studies, the
Company released its open-pit production profile in February 2008 (see press release 25 February 2008) for the
first five years of mining at the Mowana mine. The resultant production estimates show a five-fold increase in
annual copper production from 5,500 tonnes in 2008 to 29,000 tonnes in 2012. Once the operation is treating
predominately sulphide ores cash costs are expected to be around US$1.49 per pound.

- Expanded Reserves and Resource - the RSV Technical Report issued in November 2007 confirmed about 87.7
million tonnes of measured and indicated resources at 0.71% copper of which approximately 14.8 million tonnes
had been converted into proven and probable reserves at 1.1% copper.

- Underground Development - In 2007 a pre-feasibility study was commissioned to investigate the viability of an
underground mine. DMS studies completed during 2007 showed that it would be possible to use bulk mining methods
underground to extract mineralization and that this material could be upgraded prior to the introduction into
the ball mill and flotation circuits. A complete mine layout was developed in late 2007 which encompassed multi-
level development over the entire 2 kilometre strike extent of the known mineralization at Mowana to a depth of
850 metres.

- Exploration at Matsitama Belt - the Company published a resource estimate for the Thakadu mineralization of
4.7 million tonnes of 1.72% copper and 3,558 tonnes of silver grading 16 grams/tonne. In addition, African
Copper has identified four high priority areas for further exploration in 2008 - The Gaokae nickel-PGM anomaly,
Nakalakwana Hill copper-gold targets, Phute copper anomaly and the 75-kilometre Lepashe Snake copper anomaly.
Results in 2007 were hindered by excessively long turnaround times for sample analysis.

The Chairman of African Copper, Roy Corrans said, "The Board is delighted with the support that we have
received from Botswana based shareholders and investors throughout 2007 and into early 2008. The response and
the financial support shown by Botswana institutions and the Botswana Stock Exchange have been unequalled. The
Board remains confident that the Company development objectives are achievable in 2008 and believes that the
share price will respond positively as we meet our corporate goals throughout the balance of 2008."

Full details of the foregoing are contained in the Company's Management's Discussion and Analysis ("MD&A") for
the year ended 31 December 2007 attached hereto. The Audited Financial Statements for the year ended 31
December 2007 and the Company's Annual Information Form is available at
www.africancopper.com