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AFRICAN EAGLE, A Gold Explorer With Massive Potential. (AFE)     

goldfinger - 06 Jan 2004 01:54

Ive always said I would not start looking at the Gold Explorers untill POG broke through $420, well its done that today and this company in my mind is the best potential producer around, and heres why.

MANAGEMENT

Has two experinced Managers in mining in Mark Parker and John Park, both have extensive exploration management in Africa in mining and have proved themselfs in the past selling out small mines to the big boys.

THE MINES

ZAMBIA.

Here the company as 5 potential Block busters but the REAL GEM of the company Sasere, known as EAGLE EYE is an old Gold mine but recent sampling shows that it could provide massive deposits of Copper and Gold.

These are the drilling results we are waiting for. Estimations are fantastic and we could see that the company is sitting on deposits worth many times over of the market cap of the company of circa 12.2 million.

MOZAMBIQUE

Three sites here and Nickel is the one they are looking for. Dont forget Nickel is the highest commodity riser after Gold and is hitting new highs.


TANZANIA

Big prospect here is Miyabi.

African Eagle are carrying out a joint venture with the giant Miner Gold Fields. Drilling results are to be given to Goldfields by 31/January this year.

If results are expected what the management of Goldfields want, African Eagle retain a 30% stake in one massive deposit.

This is an exciting investment but one that is HIGH RISK like any other gold explorer.

We should have news very early on two fronts.

If this news is positive we are looking at one hell of an investment.

Please Dyor and remember your buying and selling actions are in your own hands.

Cheers GF.

ps, up 19% today waiting for the results.

TheFrenchConnection - 16 Feb 2007 10:50 - 262 of 300

B/ matins Laurie ! Nice to hear from you . HEY Roly !! yet another tick up today .....Whatever next ? Looks like an abundance of copper, nickel gold and Molys hence interest from Phelps and Central Asia gold and a couple of other hefty mining outfits . However very recently< today > it has come to light that the new kid on the block -URANIUM - has been found in copious amounts by Albidon who are mining geo-physical acreage very similar to AFR in both Tanzania and Zambia , and within spitting distance from certain of AFR s various sites ...What with yet another potential lucrative string to their bow coupled with the recent surge in both Uranium ,copper and gold prices AFE are trading at a massive discount to their peers in smallcap miners lndex .ln fact trading at the bottom of 180 day average.. Little wonder that its decline has been abated what with all the recent indirect good news . ..........and in 3 days it has marked up from 9.25 / 10.00 to 10.25 to 11 .......Personally; As with GFM ,CEY and KMR l expect a consistent and considerable mark up over the next couple of months ...................B/ Chance ...Bien aficalment mes amis .....faire attention ,,,@+ J,,

aldwickk - 18 Feb 2007 19:05 - 263 of 300

'J ' KMR are looking for Uranium.

African Eagle

Key Data
EPIC AFE
Share price 10.125p
Spread 9.75p - 10.5p
NMS 15,000
Market cap. 14.8 million pounds
12 month range 9p - 22.25p
Market AIM
Website www.africaneagle.co.uk
Sector Mining
Contact MD Mark Parker
020 7248 6059

African Eagle shares have failed to advance over the last month despite the publication of an upbeat progress report on 31st January 2007. The company continues its strategic emphasis towards taking its most advanced and significant projects into production as quickly as possible. To this end, it has set out to bring suitably qualified partners into joint venture or farm-in deals. Two of African Eagles projects hold mineral resources determined to JORC standard. The company will fast-track these advanced projects towards production, especially the Mkushi Copper Mines in Zambia, to provide a revenue stream to create further upside for shareholders through future exploration.

The ongoing drill programme continues to confirm the substantial width and grade of the deposit and is on track to increase the JORC-compliant copper resource at Mkushi Copper Mines in Zambia. The latest drill results include 82.7m at 1.7% copper and 66.1m at 1.0% copper. Joint venture partner CGA Mining Ltd has completed 3,930m of reverse circulation drilling and 1,954m of diamond drilling since taking over operations in the core area in July 2006. It has submitted 2,716 drill samples for assay, of which about half of the results have been reported and another 25% are expected shortly. CGA has also commissioned an environmental baseline study, currently underway, and metallurgical testing which has confirmed copper recoveries in excess of 95%.

The company has been in discussions with a number of potential joint venture partners with a view to taking the Miyabi project in Tanzania forward rapidly towards feasibility study as quickly as possible. To date African Eagle has drilled only part of the system, but it has been able to define a JORC resource of 520,000 ounces gold.
African Eagle is also keen in bringing in a partner on the Eagle eye project, and negotiations are well underway with several interested parties. Having completed the westward extension of a soil geochemical survey and geological mapping last year, these have identified an area of potassic hydrothermal alteration with associated haematite, which may indicate the potential for copper mineralisation in the granite.

The company is upbeat about the latest results from its Ndola project in Zambia, which lies adjacent to the border with the Demographic Republic of Congo (DRC). It has largely completed its basic surveys over this highly prospective licence and a drill rig is currently being mobilised on the site to commence drilling on a priority target - this work is being funded by Phelps Dodge Mining Zambia Ltd (PDMZ) under an option agreement and the subscription of USD$ 2.27m for African Eagle shares. Regulatory hurdles in Zambia have now been surmounted and it is expected the first $1.27 M subscription tranche to be completed shortly. African Eagle holds several additional early stage project areas in Tanzania, Zambia and Mozambique and is seeking partners to work with towards evaluation and further development of these project areas. Two of these projects, Dutwa the gold and platinum prospect and Lunga the gold and copper prospect in Tanzania and Zambia respectively have recently delivered particularly promising results.

We believe that, at 10.125p, African Eagles current market value fails to discount by a significant margin the potential of either Miyabi or Mkushi, the two prospects with JORC compliant resources let alone other assets within African Eagles portfolio of gold and copper plays. We continue to work on a major report on this company but do not expect that our current 50p valuation will be reduced and expect that a favourable newsflow from drilling on a number of properties will prompt a significant re-rating over the coming months.

Our forecasts and recommendation on this stock are suspended pending the publication of a detailed report shortly.

laurie squash - 19 Feb 2007 14:03 - 264 of 300

200,000 at 10.45p lets hope this gets a tic up to make Phelps Dodge have to raise the sp further.

TheFrenchConnection - 23 Feb 2007 14:45 - 265 of 300

l see J.P. Morgan Chase have increased thier holding in AFE from 10.8 million shares to 14.4 million shares as of the 16th of Feb. ,,,,am rather hoping for more than a few ticks as mms execute this order over the forecoming few days; and in doing so encourage the army of PI s to get in on a well run foccussed stock at bargain basement level price which is almost 60% owned by a bevy of institutions accompanied by heavy board representation and what with a JORC compliant resource measured independantly @ 520 mn/tr/ozs au covering current s/p many times over .. And what with recent news that China is spending billions on Tanzania and Zambias geo-physical infrastructure { as in roads and bridges } my last lingering doubt has has removed reg. this company. lrony being : they will probably try and buy us out wholesale unless Phelps & Dodge, who themselves, have in all but name been recently taken over themselves, make a move. DO NOT forget both Zambia and Tanzania are well known as producers as the finest purest copper in the world. And thats a fact ! ; The only problem was getting the stuff to port and out of Africa ..Furthermore ,and at last , inflationary currency problems are finally abating . ... l am loathe at the best of times to make valuations on stocks in themselves , but am even more loathe to correlate price with timescale . . lts the timescale i abhor in making the right call. But if you have 6 Months to a year to hibernate i think we will see in excess of 36p at bare minimum and as much as 60p based on CURRENT informations available. ..lf Phelps or Central Asia Gold are convinced by our case and stump up the $50 million mentioned in previous RNS or initially even buy in two tranches 5 million quids worth of stock to farm in ( as mentioned in same RNS we could be the proverbial acorn - For from tiny acorns do great oaks grow ...Hope springs eternal huh ? But when you have done as much research into AFE s trading patterns as i have its a question of "when " as opposed to "lf" ,,,,,....................................................................................................... *Nice scholarly summation on AFE , Roly. Your research is not wasted. .As i write the "bid" has at last breached 10.25 p with "offer @ 10.75. Charts suggest a breakout at this level as does the candlestick formation . . .As for KMR i bought these a good while ago @18p based on their African molydenum deposit and other related heavy sands. Also on the back of titanium and rhumite deposits ect ect .....Add a "successful " uranium licence to thier portfolio: and both a re/rating and hefty premium to current s/p will promptly follow. Ditto with AFE . But in the long term this has a lot more upside; as i believe much of KMR enterprises are already factored into s/p. Whereas with AFE i believe we have got in right at the bottom...Bonne chance a vous .....et al .. Off topic; But have a peek @ CEY ,( gold ) SUN and GGG.{ gold and copper }..@+ J ..............................and the crown jewel - LUP , of course which has risen from 15p to 20p this past 2 weeks ....

TheFrenchConnection - 26 Feb 2007 07:43 - 266 of 300

RNS out .PHELPS/DODGE and AFE j/v approved by ministry for mines,, and more importantly for AFE is they will be in receipts of monies paid by PHELPS taking an initial tranche of $1 mn stg in AFE shares @+ J,,and a furthur $1m in 12 months ,,,Things are happening here ......blue sky day ...@+

laurie squash - 26 Feb 2007 15:34 - 267 of 300

Looking good but mm's holding at .25 but may break 11p today.

TheFrenchConnection - 26 Feb 2007 18:45 - 268 of 300

..massive hike in volume surely merited more than a single tick northwards ,,,But when you scrutinize the spread it has moved from fridays close of 9.5 / 11pps to a 10,50 /11p spread of today ..Sounds better put that way does it not ? ..a'bientot ..J ...

laurie squash - 26 Feb 2007 19:20 - 269 of 300

Yes 12p actually looks possible from here but we shall see.

Madison - 27 Feb 2007 12:36 - 270 of 300

Can anyone confirm that AFE have no mines in South Africa?

Many thanks,

Madison

hushpuppy - 27 Feb 2007 13:42 - 271 of 300

AFE have no mines at all. Also are loss-making so don't pay tax

aldwickk - 27 Feb 2007 15:41 - 272 of 300

Two new names pop up to say we have a loss-making company with no mines, on the day the share price goes up on very good news , is that the best you can do ?

hushpuppy - 27 Feb 2007 15:44 - 273 of 300

Was merely answering Madison's query

Madison - 27 Feb 2007 21:16 - 274 of 300

Thanks hushpuppy.

(Hurried and lazy this AM, by mines I meant exploration sites and ex-mines! Now had time to go through the company's website in detail.)

Cheers, Madison

TheFrenchConnection - 04 Mar 2007 07:08 - 275 of 300

lf they had no exploration sites why would Phelps Dodge enter a j/v with the former ? which could lead to a $50mn injection of capital . To my way of thinking AFE have some of the finest copper/ gold exploration acreage in Africa . But in answering the original question AFE have no mines in South Africa but rather Tanzania and Zambia. ..@+ J

laurie squash - 04 Mar 2007 19:49 - 276 of 300

Not a lot of sense here RIFT is on it's way and yet AFE has stalled. I hold both but thought AFE was going to go first.

aldwickk - 10 Apr 2007 07:51 - 277 of 300






African Eagle Resources PLC
10 April 2007


AFRICAN EAGLE SHARES NOW TRADED ON PLUS MARKETS AND FURTHER POSITIVE DRILLING
RESULTS FROM THE MKUSHI COPPER MINES PROJECT

African Eagle announces that as of today its shares will be traded on PLUS
Markets, an alternative London trading platform. The Company's principal trading
facility will continue to be AIM.

The Company is also pleased to announce additional results reported by its
development partner CGA Mining Ltd from the resource definition drill programme
being conducted as part of the feasibility study of the Mkushi Copper Mines in
central Zambia. Mineralised intercepts included:

32.9m at 2.10% copper
11m at 2.97% copper
23m at 1.38% copper

African Eagle's Managing Director Mark Parker comments 'These new results
obtained from the core area at Mkushi continue to show the good width and grade
of the deposit. Mineralised intersections in some RC pre-collars indicate a
potential for previously unknown copper mineralisation to the west of the known
H-Zone resource. The resource drilling programme is continuing, with three
diamond drill rigs currently active, and further results can be expected over
the coming weeks'.

The new results relate to drilling completed to establish and define mineable
resources at the central H-Zone and Munshiwemba targets in December 2006 and
January 2007. During the period, 8 diamond drill holes for 1,455m and 12 reverse
circulation (RC) drill holes and pre-collar holes for 1,457m were completed. A
further 23 diamond drill holes for 3,158m and 8 RC pre-collar holes for 840m
were completed between the end of January and the end of March.

Significant thicknesses of high grade copper mineralisation were intersected in
diamond holes drilled to test the H-Zone mineralised body at depth. Significant
results were also reported from the southern end of the Munshiwemba pit,
demonstrating robust mineralisation over a strike length of at least 200m and
adding to our resource expectations for this area.

In addition, mineralisation was intersected in several reverse circulation
pre-collar holes west of H zone. Pre-collars employ the cheaper and faster
reverse circulation method to drill the upper parts of deep holes, before
switching to diamond drilling. The pre-collar part of a drill hole is normally
expected to be more or less barren, but a number of pre-collars at Mkushi,
notably MH47, intersected copper mineralisation. The positive results from these
holes are encouraging as they indicate the potential for additional zones of
mineralisation west of the main H zone ore body.

All intersections from the new results which contain 0.2% copper or more are
tabulated below. No top-cut has been applied to the copper concentrations. All
the drill holes reported here were inclined at 45 to 50 degrees, so the true
depths are about 70% of the down-hole depths.

--------------------------------------------------------------------------------
Hole No Prospect From (m) Width (m) Copper %
--------------------------------------------------------------------------------
Diamond Drill holes
--------------------------------------------------------------------------------
MH020 H Zone 209.24 17.53 0.92
--------------------------------------------------------------------------------
and H Zone 241.5 2.05 2.12
--------------------------------------------------------------------------------
MH044 H Zone 164.35 10.95 2.97
--------------------------------------------------------------------------------
and H Zone 181.11 10.21 2.18
--------------------------------------------------------------------------------
MH046 H Zone 149.48 22.02 1.76
--------------------------------------------------------------------------------
and H Zone 177.5 10.14 2.11
--------------------------------------------------------------------------------
and H Zone 193.3 32.94 2.1
--------------------------------------------------------------------------------
and H Zone 229.08 3.08 2.02
--------------------------------------------------------------------------------
MH048 H Zone 29 4 0.23
--------------------------------------------------------------------------------
and H Zone 47 3 0.28
--------------------------------------------------------------------------------
and H Zone 90 5 0.24
--------------------------------------------------------------------------------
MH053 H Zone 7 3 0.28
--------------------------------------------------------------------------------
MH056 H Zone 18 9 0.3
--------------------------------------------------------------------------------
and H Zone 88 5 0.36
--------------------------------------------------------------------------------
MH059 H Zone 26 4 0.41
--------------------------------------------------------------------------------
MMU07 Munshiwemba 107 10 1.37
--------------------------------------------------------------------------------
and Munshiwemba 122 3 0.92
--------------------------------------------------------------------------------
MMU011 Munshiwemba 127.5 11 1.21
--------------------------------------------------------------------------------
MMU027 Munshiwemba 68.5 22.5 1.11
--------------------------------------------------------------------------------
MMU029 Munshiwemba 53 19 1.45
--------------------------------------------------------------------------------
and Munshiwemba 77 3 1.11
--------------------------------------------------------------------------------
and Munshiwemba 91 14 1.85
--------------------------------------------------------------------------------
RC Pre-collars
--------------------------------------------------------------------------------
MH016 H Zone 67 11 0.44
--------------------------------------------------------------------------------
MH047 H Zone 84 23 1.38
--------------------------------------------------------------------------------
MH049 H Zone 52 10 0.25
--------------------------------------------------------------------------------
and H Zone 93 3 0.7
--------------------------------------------------------------------------------
MH051 H Zone 74 3 1.97
--------------------------------------------------------------------------------
MH055 H Zone 27 3 0.58
--------------------------------------------------------------------------------
MH057 H Zone 19 10 0.7
--------------------------------------------------------------------------------
and H Zone 84 6 0.73
--------------------------------------------------------------------------------
MMU07 Munshiwemba 78 3 0.8
--------------------------------------------------------------------------------

Assays results from some further 3,500m of completed drilling are being
evaluated and results will be announced when received. Three diamond drill rigs
are operating on resource definition at Mkushi and quotes have been obtained to
pump dry the old open pit to allow access for sampling and drilling of the rich
Munshiwemba target zone. More results are expected over the coming months and
can be expected to lead to a revised and increased JORC-compliant copper
resource in due course.

John Park
Chairman
African Eagle Resources plc

10 April 2007



For further information, see the Company's web site
www.africaneagle.co.uk
or
contact one of the following:

Mark Parker
Managing Director
+44 20 7248 6059
+44 77 5640 6899

Nicola Marrin
Seymour Pierce Limited
+44 20 7107 8000

Ed Portman/ Leesa Peters
Conduit PR
+44 20 7429 6607 / +44 (0) 7733 635 01

Qualified Person

Information in this report relating to exploration results is based on data
reviewed by Mr Christopher Davies BSc, MSc, DIC, Operations Director for African
Eagle, who is a Fellow of the Australasian Institute of Mining and Metallurgy,
has more than 25 years relevant experience in mineral exploration and is a
Qualified Person under AIM rules. Mr Davies consents to the inclusion of the
information in the form and context in which it appears.

Technical terms

A glossary of technical terms used by African Eagle in this announcement and
other published material may be found at
www.africaneagle.co.uk/

african-eagle-projects-glossary.html

The following term used in this announcement and its definition will be added to
the glossary:

Pre-collar: Use of the cheaper and faster reverse circulation method to drill
the upper parts of deep holes, before switching to diamond drilling to intersect
an anticipated mineralised zone. The pre-collar part of a drill hole is expected
to be barren of significant mineralisation.

About African Eagle

African Eagle is a mineral exploration and development company operating in
eastern and central Africa. The Company's principal advanced projects are the
Mkushi Copper Mines project in Zambia and the Miyabi gold project in Tanzania,
which are being fast-tracking towards production. The Company also holds a large
well-balanced portfolio of promising earlier stage gold and base metal projects,
including the Ndola copper project and the Eagle Eye iron-oxide copper gold
project.

African Eagle's projects are in Zambia, Tanzania and Mozambique, countries which
all have highly prospective geology, relatively low above-ground risks and track
records of successful major investments in the metals and minerals industries.

African Eagle specialises in project generation and exploration. To take its
discoveries into production, it seeks to sign up industry partners with records
of successful mine development. These joint ventures and, in time, the revenue
from advanced projects, will finance future exploration and new discoveries.

The Company has a highly motivated team, proven management and an experienced
board. African Eagle prides itself on being a low cost operator and on average
80p or more of every 1 is spent 'in the ground'.




This information is provided by RNS
The company news service from the London Stock Exchange





TheFrenchConnection - 10 Apr 2007 16:13 - 278 of 300

Mes Amities Roly et al ...>Excellent assaying results reg both copper and gold . FIRST class ! Phelps are delighted what with expected revision & increase in this JORC compliant resource i am overweight . About time an RNS was issued . ! A very long term hold for me ; and with the price of copper enjoying yet another price hike methinks AFE is back on the way up beeegtime Support is unpenetrable @8.25 . Dont forget Zambia produces the finest purest copper ever known to be mined . All buys today -No sells ...... OK they shook the trees unfairly but NOw lets play some hardball @+ J

Madison - 03 May 2007 11:51 - 279 of 300

Excellent joint venture partner news, though it will all take time:

African Eagle Resources PLC
03 May 2007


AFRICAN EAGLE AGREE TO JOINT VENTURE WITH RANDGOLD RESOURCES ON THE MIYABI GOLD
PROJECT IN TANZANIA

Option and farm-in agreement signed between African Eagle and Randgold
Resources
Randgold will fund, perform and accomplish a pre-feasibility study to
earn a 50% interest in the Miyabi project
African Eagle can then retain a 49% stake in the Project by co-funding a
full feasibility study, or dilute to 35%
Randgold to arrange development finance on a production decision

African Eagle Resources plc ('African Eagle' or 'the Company', ticker AIM: AFE)
today announces that it has entered into a Joint Venture with a wholly-owned
subsidiary of Randgold Resources ('Randgold') on its +500,000 ounce Miyabi Gold
Project in the Lake Victoria Goldfield of Tanzania.

The Joint Venture has the form of an option and farm-in agreement. Under the
initial option, Randgold will carry out and fund an agreed phase-1 exploration
programme by end of May 2008. This programme will consist principally of a
series of diamond drill hole fence lines to investigate the geology, structure
and controls on mineralisation across the width of the Miyabi corridor. Randgold
will then have the right to earn a 50% interest in the project by conducting and
funding a pre-feasibility study to agreed parameters. Following the
pre-feasibility study, African Eagle can retain a 49% stake in the Project by
co-funding a full feasibility study, or dilute to a 35% stake if Randgold
provides the funding in full. Randgold, as Project Manager will also arrange the
financing for the development of a mine.

Randgold Resources is an Africa-focussed international gold mining and
exploration business with listings on the London and New York Nasdaq exchanges.
Randgold has a strong track-record of exploration and development success
including the 7.5 million ounce Morila deposit in southern Mali, the six-plus
million ounce Yalea deposit at Loulo in western Mali and the three million ounce
Tongon deposit in Cote d'Ivoire. Randgold successfully financed and developed
the Morila mine, which has produced more than four million ounces of gold since
it was brought into production in October 2000. It also financed and developed
the Loulo Mine which was officially opened in November 2005 and is scheduled to
produce 250,000 ounces per year for six years, from an open pit operation.
Development of the Loulo underground operation has commenced and will
significantly enhance the value and extend the life of mine. Randgold recently
completed a pre-feasibility study on the Tongon deposit and holds a portfolio of
exploration projects in Mali, Cote d'Ivoire, Senegal, Burkina Faso, Ghana and
Tanzania.

African Eagle's Managing Director Mark Parker commented 'We are delighted to
have signed one of Africa's most exciting and successful gold companies, as our
partner at Miyabi. Randgold has a strong mining and geological team and African
Eagle will benefit enormously from this additional expertise in evaluating the
Miyabi project and taking it through to production. We look forward to making
swift progress with Randgold on the Miyabi project'.

TheFrenchConnection - 04 May 2007 02:52 - 280 of 300

At last !! Always knew by the calibre of mnt and esp team of geolists this would one day deliver with a j/v on the "gold front" with the status of a big player like Randgold. As opposed to our massive copper deposits ( although i am assured by S.African miners the best copper iin the world comes from Zambia and Zimbawbwe. And to cap it all we have Phelps Dodge financing via funds and purchasing of stock in our copper deposits. ..\Now this ! ..Niceeee ...@+ J........

NabCom - 10 Jul 2007 07:18 - 281 of 300

African Eagle Resources PLC
10 July 2007



African Eagle's East African Uranium Assets


Six uranium projects in Zambia and Tanzania

Applications made for a further two projects in Tanzania and Mozambique

Uranium Division created to progress projects and optimise shareholder value


Commenting today, Mark Parker, Managing Director of African Eagle, said 'These assets are another string to our bow and although we are fully focused on bringing Mkushi and Miyabi into production as quickly as possible, these uranium prospects represent exciting opportunities which could considerably enhance shareholder value.'

http://www.investegate.co.uk/Article.aspx?id=200707100700258832Z
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