Baobab Provides Update on Massamba Group Project

Baobab Resources plc (LSE:BAO) announced updated information on exploration activities at the Massamba Group iron-vanadium-titanium project.

As quoted in the press release:

Significant drill intercepts include 115m at a head grade of 36% Fe and a DTR concentrate grade of 63% Fe, 0.9% V2O5 and 6.6% TiO2 at a mass recovery of 37% from 19.5m in TGDH0002A.

Baobab’s Managing Director, Ben James said:

The Tenge resource, due out in March, is expected to push the global resource base well beyond Baobab’s targeted 300Mt which will allow scope for ramping up production.

Click here for the Baobab Resources plc (LSE:BAO) press release.