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.

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 ?

Was merely answering Madison's query

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

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

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.

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

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

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'.

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........

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

This is very good news. KMR are also looking at uraniam prospects in Mozambiqe.

Media comment, click HERE

African Eagle - Buy at 13.25p with target price 40.5p


Key Data

EPIC
AFE

Share Price
13.25p

Spread
12.75p 13.75p

NMS 25,000
Shares issued
154,034,144 shares
(11.2 million options and warrants outstanding)

Market Cap.
20.41 million
(21.89 million - fully diluted)

12 month range
9p-14p

Market
AIM

Website
www.africaneagle.co.uk

Sector
Mining

Contact
Mark Parker (MD)
020 7248 6059

AIM listed gold and copper explorer African Eagle has made a conscious decision to move away from asset building and towards an accelerated programme of taking its key assets into production via joint venture deals with larger partners. This strategy has led to African Eagle tying in joint venture deals with quality project development partners for most of its principal asset portfolio during 2006 and 2007. We expect other joint ventures to be announced but already this is a company which can use the technical and financial resources of larger companies to accelerate its move from an explorer to a producer. Its partners on its various prospects are committed to spending up to $60 million (with a minimum of $6 million) over the next five years in developing them. The joint venture strategy has considerably de-risked the enterprise but there is still considerable upside. Our, still heavily risk weighted, sum of the parts valuation of African Eagle is 40.5p per share.

African Eagle is certainly not one of AIMs resource newcomers. Having listed on Ofex (as Twigg Minerals) in 2000 on the back of a gold discovery at Miyabi in Tanzania, African Eagle moved to AIM in 2003 having acquired a portfolio of Zambian assets in an all paper deal a year previously.

Its most recent joint venture deal was in May 2007, when it linked up with Randgold to develop the Miyabi gold project in Tanzania. The Miyabi gold project represents one of African Eagles lead properties, the other being Mkushi in the Zambian copper belt. Randgolds expertise and funds to take discoveries into production combined with African Eagles exploration and discovery skills, are expected to take the Miyabi project on an accelerated programme towards medium term production. Under the terms of the agreement, Randgold will fund and perform a pre-feasibility study to earn a 50% interest in the Miyabi project, whilst African Eagle can then retain a 49% stake in the project by co-funding a full feasibility study or dilute to 35%.

African Eagle sits on net cash and will have exploration programmes underway on at least eight properties funded by other, larger, partners who will be committed to spending at least $6 million and up to $60 million on those programmes. The decision to farm out all of African Eagles leading properties has reduced the upside potential for the company. However it has also de-risked the enterprise to an extent not reflected in the share price in that this is a company which has no need to raise additional capital to pursue aggressive exploration programmes on these projects. We do not believe that the progress made on the ground by African Eagle over the past year or in de-risking its corporate strategy is reflected in the share price. We have valued the company on a sum of the parts basis at 62.4 million or 40.5p per share. With the shares now trading at 13.25p there is vast fundamental upside. With one further farm-out deal (Eagle Eye) likely to be announced in due course and with an active exploration programme underway on a number of prospects, the newsflow from the company will be rapid and this will, we believe, trigger a re-rating of the shares. Our stance is buy.




Forecasts Table:

Year to 31st December
Sales
(million pounds)
Pre-Tax Profit*
(million pounds)
Earnings Per Share (p)

2004A
0
(0.49)
(0.6)

2005A
0
(0.18)
(0.2)

2006A
0
(1.37)
(1.0)

2007E
0
(0.90)
(0.6)

July 12, 2007

African Eagle Opens Up A New Production Strategy At Last


By Jack Hammer



It looks as though African Eagle is slowly beginning to wake up to the implications of being in a metals boom in the City of London. A year ago if youd asked chairman John Park whether or not African Eagle was going into production any time soon, youd have received the old veterans Australian version of the Ian Paisley treatment: Never! Never! Never! African Eagle was an exploration company, and not for turning. This was presented back then as something as a badge of honour, although now the official history says lack of funds was to blame. But lack of funds hasnt been an issue for Geoff Walsh at Triple Plate, or any number of other London juniors that got the message over the last year or two that equity fundraisings were no longer the markets preferred method of keeping a companys lights on.

The Ndola licence is surrounded by good infrastructure including this concentrate thickener at First Quantum's Bwana Mkubwa mine.
For some reason African Eagle lagged the pack. And with no production in sight, the companys shares continued to stagnate throughout 2006. Meanwhile the company continued to pick over its exploration ground in Zambia and Tanzania like a love-lorn teenager, periodically making comforting noises to shareholders.

It couldnt last John Parks too much of a canny operator to watch any company of his slide into oblivion. So, as they swung through London for a few meetings recently, John Park and African Eagles managing director Mark Parker, were finally outlining a new vision. The first bullet point on page one of their new presentation says, under the heading Strategy: To find the mineral deposits the world needs. Thats bold enough, but is, after all, what the business is all about. But its the second bullet point under Strategy that really rings the changes: To take our most advanced projects rapidly towards production and revenue generation. What a difference a year makes!

African Eagles projects are all pretty familiar by now: Mkushi, Igurubi, Eagle Eye, Miyabi, Ndola In fact there are 29 projects inside the company in total, and John Park is somewhat defensive in regard to the resultant accusation that African Eagle has lacked focus in the past. Now, he says, the focus is clear: Mkushi is to be the lead project. In partnership with CGA Mining, formerly Central Asia Gold, a TSX and Australian traded junior that lists our very own Malcolm Burne as an independent director, Mkushi will now rapidly be moved towards production.

CGA likes Mkushi enough to fund it up to the end of a bankable feasibility study, and, to be fair, it does shape up reasonably well on the most recent numbers, and on some pretty old ones too. Mkushi holds a JORC inferred resource of 11million tonnes grading 0.74 % copper, but previous owner ZCCM reported 30million tonnes at 1.23 % copper. So its worth going after, and we should know more by the end of the third quarter when a pre-feasibility study is due for completion.

According to John Park and Mark Parker, on a best case scenario, first production from Mkushi could even be as early as 2009. Thats because its not too big to get bogged down waiting for any long lead items, and nor are there likely to be any permitting problems since the whole area used to be mined. Furthermore the Zambian government likes it because its not on the Copperbelt, and gives a bit of diversity to the countrys mining industry. So a production decision is likely some time in 2008. And the hope is that by then Miyabi, in joint venture with Randgold, will be coming along rapidly behind.

Theres a couple of million in African Eagles bank account , and with joint venture partners shouldering much of the financial burden, the equity markets shouldnt be troubled for now, although the company is said to be mulling over a listing on the JSE in a bid to improve liquidity and, perhaps, try for a re-rating. Theres also some uranium in African Eagles back pocket, but as John Park rightly says: we dont want to seem like were jumping on the uranium bandwagon, well leave that for another day. One way or another though, African Eagle looks like it has more options open to it than it did a year ago, when the strategy was non-negotiable.

Media comment, click HERE

Share price as been slipping this week.

all year now

African Eagle announces positive metallurgical results from it's Dutwa nickel and cobalt project today :--

Company African Eagle Resources PLC
TIDM AFE
Headline Dutwa Project Update
Released 07:02 09-Feb-09

AFRICAN EAGLE ANNOUNCES POSITIVE PRELIMINARY BOTTLE ROLL LEACH TEST
RESULTS FROM DUTWA NICKEL PROJECT


* Preliminary results from bottle roll tests still underway
* >90% average nickel recovery from drill samples
* Very low sulphuric acid consumption
* Heap leach extraction likely to be feasible process route
* Scoping study proposals being reviewed


African Eagle Resources plc has received excellent results from acid
leach tests underway at Mintek in South Africa, on drill samples from
its Dutwa nickel laterite project in Tanzania. The results received
to date show nickel recoveries averaging 92%, with very low sulphuric
acid consumption, averaging 210 kilograms per tonne.

Mark Parker, Managing Director of African Eagle Resources plc
comments: 'Whilst the acid leach tests are scheduled to continue for
up to 90 days, these results, after 68 days, are already very
encouraging.

'The metallurgy of nickel laterites is critical to the viability of
these deposits, with two parameters, nickel recovery and acid
consumption per tonne of nickel metal won, being especially
important. The results we have received from Mintek so far are very
encouraging as they show that we may be able to use straightforward,
low cost heap leaching to recover the nickel from the ore.

'Taken together, these metallurgical results and the resource
estimate of some 340,000 tonnes of contained nickel and 11,000 tonnes
of cobalt, (announced in November), indicate that Dutwa is a highly
significant discovery.

'We believe Dutwa has many of the right credentials to make the
project economically viable even at current metals prices: simple and
conventional mining; potential heap leaching with low acid
consumption; and the good infrastructure in the Dutwa area. As the
next step in the process, African Eagle will commission a Scoping
Study to investigate these key operating parameters and to assess the
economic potential of the project. We are currently evaluating
proposals for the study from contractors.'


The table below shows the cumulative acid consumption and nickel
recovery for the ten 500g samples (5 from diamond drill cores and 5
from reverse circulation cuttings), after 68 days 'bottle roll' acid
leaching. Each sample was placed in a plastic bottle with 2 litres of
dilute sulphuric acid and agitated continuously by rolling on
rotating rollers. The recoveries were calculated from the preliminary
solution based extraction curves; the final extractions will be
calculated from the residues when the test is complete.


DH1 DH4 DH6 DH7 DH8 RC25 RC30 RC36 RC55 RC71 Average
Acid kg/t 350 200 230 110 200 160 210 300 190 140 210
Ni % recovery 96 96 97 86 90 88 94 84 94 97 92


Mintek is also conducting extensive mineralogical analysis on the
samples, using X-ray diffraction and scanning electron microscopy.
These tests will help African Eagle to categorise potential ore type
zoning within the greater resource and yield information on the
likely behaviour of the material in processing through the
identification of the mineral phases present.
______________

Makes the project look very good for moving into production with the low cost extraction and good recovery rates.
.

not a very popular thread this

What's the opinion on this share offer. Anyone??