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Baobab Resources plc
Baobab Resources plc (BAO:AIM) is a Mozambique focused iron ore, base and precious metal exploreer. The company has a largeland-holding covering five discrete project areas. The Tete iron ore asset is emerging as Baobab's flagship project.
Tete magnetite - ilmenite project
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47.7Mt maiden Inferred Resource declared at Chitongue Grande prospect.
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400Mt - 700Mt Exploration Target in Massamba Group area.
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Positive scoping study results indicate significant project upside.
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Close to critical infrastructure and complementary resources.
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Strategic partnership with IFC.
Mozambique is a country of abundant mineral wealth which has been hitherto under-exploited, good infrastructure and investor-friendly legislation which make it an attractive destination for mining companies.
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