Baobab Resources: Initial Results from Ruoni Resource Drilling Demonstrate Excellent Headgrades and Mass Recoveries

Baobab Resources Plc (LON:BAO) announced an update to progress at the Massamba Group project.

The press release is quoted as saying:

Independent scoping metallurgical studies and financial modelling completed in 2009 indicate positive project economics in the production of high quality titano-magnetite/vanadium and ilmenite (titanium) concentrate commodities from a resource base of 300Mt.

To read the full press release, click here.