A 7500 metre drill program at Baobab Resources’ flagship Tete project in Mozambique has uncovered continuous mineralization. Diamond and reverse circulation drilling at the pig iron, vanadium and titanium project is nearing completion at the Ruoni prospect area.

The company says a heavily mineralized package up to 100 metres thick has been intersected at Ruoni Flats which represents downdip continuations to the Ruoni North and Tenge resource blocks. A 120 million to 260 million tonne exploration target has been estimated at this prospect.

Resource upgrade drilling will continue at the Chitongue Grande, Ruoni North and Ruoni South resource blocks.

Recently completed diamond drill holes at the 159 million tonne Tenge prospect have penetrated deeper than previous drilling to demonstrate the mineralization is substantially thicker than that modelled in the resource estimate.

Baobab’s managing director Ben James says, “Baobab is very pleased with progress made in the field, particularly at Ruoni Flats where drilling is outlining a potentially substantial addition to the resource inventory. An expanded resource in the Tenge/Ruoni area will enable the company to credibly consider larger scale production scenarios, the technical and commercial merits of which will be further clarified as the results of the marketing study and high level financial simulations are finalised.”

Baobab says the pre-feasibility study is progressing on schedule and beneficiation test work is nearing completion, which will allow the process engineering to get under way. The environmental impact assessment, plant and infrastructure option studies and marketing report are also progressing, while the company is working to advance corporate initiatives to ensure the project’s successful development.

www.baobabresources.com

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