Baobab Resources plc

Baobab Resources is an AIM listed company (BAO-AIM) with a balanced portfolio of projects in Mozambique ranging from advanced resource definition drill targets to brownfield exploration, and greenfield prospects boasting an array of commodities.

Baobab has implemented a focused exploration strategy, with proposed and current exploration programmes designed to lead to staged feasibility studies over the next 12 to 24 months.

Highlights include:

• Mundonguara Underground copper/gold mine (closed since 1989)
  
• Significant tenement holding within the major gold producing Odzi-Mutare-Manica greenstone belt
  
• Open-pittable lode-gold targets
  
• Lateritic and sulphide nickel targets
  
• Base Metal, Precious Metal, Industrial and Energy commodity deposits and occurrences

Baobab is backed by a strong technical and financial management team with working experience in Mozambique and other Southern African countries.

“As a whole, the portfolio is believed to be a very attractive mixture of projects with a high chance of success for a range of commodities and constitute a rare opportunity”

CSA Australia Pty Limited, extracted from their Competent Persons’ Report 2006