REG-African Eagle Resources PLC : Nickel and PGE Sulphide Mineralisation Discovered at Dutwa

Thu Apr 4, 2013 2:05am EDT

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 04 April 2013: African Eagle Resources plc ("African Eagle" or the "Company") (AIM: AFE; AltX:
AEA) is pleased to report the discovery of nickel sulphide and platinum group elements (PGEs) in
the strata below Dutwa including a shallow mineralised zone immediately below the known laterite
deposits at Wamangola. The following data has been compiled after a re-investigation of existing
drill intersections from the Company's Dutwa Project in Tanzania. 

Nickel sulphide mineralised saprock and bedrock intersections include:

*Hole DTRC127, from 51 metres, 6 metres at 0.52% nickel to end of hole 
*Hole DTRC147, from 51 metres, 3 metres at 0.54% nickel to end of hole 
*Hole DTRC149, from 42 metres, 12 metres at 0.65% nickel to end of hole 
*Hole DTRC408, from 57 metres, 1 metre at 0.60% nickel to end of hole 
*Hole DTRC007, from 96 metres. 3 metres at 0.47% nickel 
*Hole DTRC011, from 111 metres, 6 metres at 0.58% nickel 

PGEs mineralised intersections include:

*Hole DTRC108, from 33 metres, 3 metres at 1.17 g/t platinum 
*Hole DTRC002, from 159 metres, 6 metres at 0.89 g/t palladium to end of hole* 

*Hole DTRC009, from 141 metres, 3 metres at 3.08 g/t gold* 
*Hole DTRC008, from 114 metres, 3 metres at 2.02 g/t gold* 

* Note these assays were also reported in the Company's announcement of 29 September 2008 

Trevor Moss, African Eagle's CEO, commented "The discovery of visible sulphide mineralisation and
the strong values achieved are potentially very exciting for the Dutwa Project.  We have long
known the significance of Dutwa's laterite deposits but the presence of nickel and PGEs in
sulphides in the strata immediately underlying these deposits is further evidence of the strength
of Dutwa overall.  We are planning to implement a cost effective exploration programme to explore
and quantify the extent of the sulphide mineralisation and to begin to define what may be another
aspect of the potential nickel province that may exist in northern Tanzania."

During the resource drilling programme, conducted between 2008 and 2012, at the Dutwa nickel
laterite orebodies, it was Company procedure for all the drill holes to extend through the
laterite horizon and ensure delineation and to terminate in the underlying bedrock. A review of
these bedrock intersections has revealed a number of holes with elevated nickel and PGE values
which appeared to be inconsistent with the known laterite mineralisation.  A recent re-examination
of the samples indicated the presence of sulphide mineralisation. Selected samples had previously
been sent to Rhodes University in South Africa for petrographic and microprobe analysis which
confirmed the presence of cobalt rich and cobalt poor pentlandite, i.e. nickel sulphide.

These results, which complement the previously reported PGE and gold assay results from 2008,
include:

*Hole DTRC002, from 159 metres, 6 metres at 0.89 g/t palladium to end of hole 
*Hole DTRC007, from 96 metres, 3 metres at 0.46 g/t palladium 
*Hole DTRC011, from 45 metres, 3 metres at 0.59 g/t platinum 
*Hole DTRC108, from 33 metres, 3 metres at 1.17 g/t platinum 
*Hole DTRC008, from 114 metres, 3 metres at 2.02 g/t gold 
*Hole DTRC009, from 141 metres, 3 metres at 3.08 g/t gold 
*Hole DTRC010, from 63 metres, 3 metres at 0.72 g/t gold 
*Hole DTRC114, from 27 metres, 3 metres at 0.59 g/t gold 

All the mineralised intersections are from the tail of the laterite resource drillholes where
visible sulphides have been observed with grades of more than 0.4% nickel.  A 0.4g/t cut off has
been used for platinum and palladium results and 0.5 g/t for gold.  Assays were carried out at
Omac Laboratories in Ireland on 3m composited Reverse Circulation drill cuttings, with
approximately 20% of quality control samples (reference standards, blanks and duplicates) inserted
into the sample stream.

The Company is now planning to undertake a programme of geophysical surveys, including
electromagnetic and induced polarisation in order to delineate the current extent of the known
mineralisation at Wamangola and to define additional areas for drill testing. 

Qualified Person
Information in this report relating to exploration results is based on data reviewed by Mr John
McDonald BSc, CGeol, FGS Country Manager for African Eagle, and is a Chartered Geologist who has
more than 34 years of relevant experience in mineral exploration, and is a Qualified Person under
AIM rules. Mr McDonald has reviewed and consents to the inclusion of the information in the form
and context in which it appears.

For further information, please visit www.africaneagle.co.uk http://www.africaneagle.co.uk/  or
contact:

African Eagle Resources plc.
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059

Strand Hanson Limited (NOMAD)
Stuart Faulkner
Angela Hallett
James Dance
+ 44 20 7409 3494

Ocean Equities Limited (Broker)
Guy Wilkes
+44 20 7786 4370

Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924

About African Eagle
African Eagle Resources plc is a nickel development and exploration company listed on the London
AIM (AFE) and Johannesburg AltX (AEA) stock exchanges. The Company's flagship project is the Dutwa
Nickel project in Tanzania located about 25km south of Lake Victoria and 100km east of Mwanza
within greenstone gold belts which host many of Tanzania's operating and developing gold mines. 



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Source: African Eagle Resources PLC via Thomson Reuters ONE


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