UPDATE 1-CAMEC upbeat on Bokai resource estimate, shares up

* Bokai has estimated resource of 10.69 mln ounces * Shares jump 13 percent

* Stage 1 reserves seen supporting output of 163,000 ozs/yr (Adds details)

LONDON, July 9 (Reuters) - Central African Mining & Exploration Company Plc (CFM.L) said on Thursday that the Bokai platinum prospect in Zimbabwe contains a significant precious metal resource, pushing CAMEC's shares up 13 percent.

The prospect contains an estimated indicated and inferred resource of 10.69 million ounces of 4E (platinum, palladium, rhodium and gold) and significant base metal credits, the AIM-listed company said.

"These results confirm a significant resource at Bokai and demonstrate the considerable potential for economic recovery of this platinum resource," said chief executive Andrew Groves. "We expect to bring Bokai into production by 2012, with construction on the mine likely to begin this year."

CAMEC shares were up 1.29 pence at 11.25 pence at 0710 GMT.

Estimated Stage 1 reserves will support production of 163,000 ounces a year of platinum group metals (PGMs) in concentrate form over a 20-year mine life, while Stage 2 development is expected to double PGM production.

Bokai is 100 percent owned by Todal Mining (Private) Ltd, a 40:60 joint venture between the Zimbabwe Mining Development Corporation and CAMEC.

(Reporting by Julie Crust; Editing by Ben Deighton)