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DJ African Eagle Resources Dutwa Proj Phase 2 Tests Positive

Posted on: Tue, 01 Dec 2009 02:45:00 EST

Symbols: AFERF

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LONDON, Dec 01, 2009 (Dow Jones Commodities News via Comtex) --
AFERF | Quote | Chart | News | PowerRating -- African Eagle Resources PLC (AFE.LN) said Tuesday that at its Dutwa Nickel Project in Tanzania, preliminary results from phase 2 metallugical testwork has been received and Initial column test results show rapid leach kinetics.

MAIN FACTS:

-Up to 70% nickel extraction after just 16 days acid leaching

-Low acid consumption of 200-230 kg/tonne

-Promising initial tank leach results

-Results are extremely encouraging, showing very fast reaction kinetics and confirming the good nickel extraction and low acid consumption of the Dutwa ores.

-The results show that the project is amenable to both heap leach and tank leach, and point the way to further tests to determine the optimum process parameters.

-The fast leaching reaction, low acid consumption and good nickel extraction are extremely positive indicators for the viability and profitability of the project.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com

(END) Dow Jones Newswires

12-01-09 0245ET

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