Feb 25th 2013 - Edison Investment Research today published a report on Baobab Resources (BAO.L, LSE:BAO, LON:BAO) entitled "Tete Resource Rises To 725m". In summary, the report says:
Baobab released an updated JORC-compliant resource estimate for its 85%-owned Tete pig iron project in Mozambique. The project’s global resource base was expanded by 9% to 725Mt grading 34% iron on the back of the infill drilling at Rouni North and Tenge blocks undertaken in 2012. In addition, some 152Mt of inferred resources was converted into indicated, which now stands at 21% of the overall tonnage. Earlier, the company announced that the PFS work at Tete was almost complete, with results to be announced in the next few weeks.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »