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[Scheich2000]

Kann mir jemand was zu Central African Gold sagen?
Ist jetzt mein zweiter Tread zu dieser Aktie, aber seit gestern ist sie wieder in London handelbar, nachdem sie für längere Zeit ausgesetzt war.
Sie haben ein Abkommen von Anglogold Ashanti für eine Mine gekauft,die sie für 40 mln Dollar kaufen können! Oder verstehe ich die Meldung falsch?

Anglogold Ashanti sells Bibiani mine to Central African Gold for 40 mln usd
LONDON (AFX) - AngloGold Ashanti Ltd said it has agreed to sell the Bibiani
gold mine and the Bibiani North Prospecting Licence in Ghana to Central African
Gold PLC for 40 mln usd in cash.
The mine had ore reserves of 100,000 ounces and estimated resources of
900,000 oz. It produced 24,000 oz of gold in the six months to June.
The sale is subject to the approval of regulators in Ghana.
"The sale of Bibiani will allow AngloGold Ashanti to better focus its
resources on its long-life, core assets, including Obuasi and Iduapriem in
Ghana," said Daniel Owiredu, AngloGold Ashanti's deputy chief operating officer.
Extension of the prospecting licence is currently under review by the Ghana
Minerals Commission.
Should the extension not be granted, 4 mln usd of the purchase price will be
repaid.

[Scheich2000]

Antwort auf Beitrag Nr.: 24.305.441 von Scheich2000 am 30.09.06 14:48:44

Hier eine Meldung von gestern:
Auch hier eine Frage und Bitte ob jemand sagen kann ob diese News gut sind?
Danke im vorraus.

Central African Gold Plc ("CAG" or "the Company")

Proposed Acquisition of the Bibiani gold mine and
related assets and licences in Ghana
Proposed Placing of up to 210,000,000 Ordinary Shares
Re-admission of Existing Ordinary Shares
and Admission of Placing Shares to trading on AIM
Notice of Annual General Meeting and Notice of Extraordinary General Meeting


Central African Gold Plc, the AIM listed gold mining and exploration company, is
pleased to announce an update on its acquisition of the Bibiani gold mine and
related assets and liabilities, including licences in Ghana from AngloGold
Ashanti Limited ("AngloGold Ashanti") and the parallel fund raising. The
transaction is part of the Company's aggressive growth strategy implemented by
the new Board, aimed at rapidly building CAG into a significant African gold
producer with extensive world class exploration and production assets.

Overview

* Conditionally agreed to acquire the Bibiani gold mine and the 19.3km(2)
Bibiani North Prospecting Licence ("PL") in Ghana from AngloGold Ashanti for
a cash consideration of US$40 million with US$4 million contingent on the PL
* Placing to raise up to a maximum of #25,200,000 (US$47,862,360), before
expenses, through the issue of up to 210,000,000 Placing Shares at 12 pence
per share, to fund acquisition and secure production and development
* The Bibiani gold mine is situated in the Sefwi-Bibiani Greenstone Belt,
one of the most prospective belts in Ghana
* Provides the Company with immediate production and revenue generation
* Re-establishment of hard rock mining operations and development of new
mining opportunities on the Mining Lease and Prospecting Licence
* Proven and Probable Reserves of 260,000 ounces of contained gold
* Measured and Indicated Resources of 20,533,000 tonnes at 1.11g/t Au for
733,000 ounces and total Inferred Resources of 4,600,000 tonnes at 4.2g/t Au
for 624,000 ounces of contained gold (JORC Compliant)
* A well maintained 2.7 million tonnes per annum processing facility is on
site (built 8 years ago at a cost of circa US$50m)
* Intention is to increase production at Bibiani following re-commencement
of an underground production programme in the second half of 2007
* Objective is to establish a leading mid-tier operating gold company, with
an initial target of 200,000 ounces of annualised low-cost gold production
and 7.5 million ounces of resource by the end 2008
* Licences in Mali and Botswana provide exploration targets in geologically
attractive gold regions - exploration ongoing
* Highly experienced Board in place with strong and respected team driving
business forward - continually looking for new opportunities to increase
project portfolio

Greg Hunter CAG Chairman and CEO said: "This acquisition represents a
significant step in the evolution of the Company as it will transform it into a
producer and provide it with significant exploration potential as well as a
valuable foothold in Ghana, a major gold producing African country. We have
already acquired and are progressing our exploration properties in Mali and
Botswana and we are considering other potential acquisitions in Africa. Our
objective is to establish CAG as a leading mid-tier operating gold company, with
an initial target of 200,000 ounces of annualised low-cost gold production and
7.5 million ounces of resource in 2008.

"The Bibiani gold mine has yielded in the order of 4 million ounces of gold from
a combination of opencast and underground mining. The Bibiani North prospecting
licence is contiguous with the current mining lease and new structural
interpretation has already generated multiple exploration targets.

"The CPR prepared by Snowden, estimates the total Measured and Indicated
Resources at Bibiani of 20,533,000 tonnes at a grade of 1.11g/t Au for 733,000
ounces of contained gold. The total Inferred Resources at Bibiani are 4,600,000
tonnes at a grade of 4.2g/t Au for 624,000 ounces of contained gold. Snowden
considers that we can apply a re-modelling of the orebody and conduct targeted
drilling to the existing resources to raise the confidence level and increase
the resource base. Snowden believes that the current resource statement does not
fully represent the opportunity that exists on the mining lease and prospecting
licence. Snowden concur that the Bibiani gold mine, as an underground operation,
represents a viable mining venture.

"We have three primary objectives for the asset including the re-establishment
of hard rock mining operations and development of new mining opportunities.
Firstly we will continue with the re-treatment of the current tailings at a rate
of approximately 4,000 ounces of gold recovered per month, secondly we
anticipate commencement of underground mining operations during the third
quarter of 2007, with a build up to an initial target tonnage of 100,000 tonnes
per month by the third quarter of 2008. At this point it is anticipated gold
production will be at a rate of approximately 100,000 ounces per year.

"Thirdly we have already prioritised 15 initial targets and a detailed
exploration programme has been developed to systematically evaluate these
opportunities and identify resources in addition to the business plan and
thereby increase the current planned mine life."

The Company is proposing to raise up to a maximum of #25,200,000 before
expenses, through the issue of up to 210,000,000 Placing Shares at 12 pence per
Placing Share. The money raised will be used to fund the acquisition and secure
production and development. The Annual General Meeting and the Extraordinary
General Meeting of the Company will be held at Third Floor, Aldermary House,
10-15 Queen Street, London at 9:15 a.m. at 9:00 a.m. and 9:15 a.m.
respectively, on 23 October 2006.

The Re-admission document ("Admission Document") setting out details of the
Proposals and including a notice of the EGM, accompanied by the form of proxy,
will be posted to Shareholders today. In accordance with the AIM Rules, trading
in the Ordinary Shares on AIM was suspended on 22 August 2006 pending the
publication of this document. Such trading will recommence on the posting of the
Admission Document to Shareholders. This announcement does not constitute, or
form part of, an offer or an invitation to purchase any securities.


For further information please visit www.centralafricangold.com or contact:

Greg Hunter Central African Gold Tel: [phone]

Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Simon Raggett Strand Partners Limited Tel: [phone]



1. Introduction

On 22 August 2006, CAG announced that it had signed a binding agreement to
acquire the Bibiani gold mine and related assets, including the Mining Lease and
Prospecting Licence, as well as related liabilities in Ghana from two
subsidiaries of AngloGold Ashanti Limited. The consideration for the Acquisition
consists of a cash payment of US$40 million and the assumption of certain
liabilities associated with the Bibiani gold mine. The cash payment may be
reduced by US$4 million if the term of the Prospecting Licence, which forms part
of the assets, is not extended to a date at least 12 months from Completion of
the Acquisition. The Proposed Transaction encompasses the completion of the
Acquisition and the Placing, which is intended to finance the purchase price of
the Acquisition and provide the Company capital for future investment in
Bibiani.

Pursuant to the AIM Rules, the Proposed Transaction will constitute a reverse
takeover. It is therefore subject to Shareholder approval, which will be sought
at the Extraordinary General Meeting to be held at Third Floor, Aldermary House,
10-15 Queen Street, London at 9:15 a.m. on 23 October 2006. In addition, the
Annual General Meeting, held immediately prior to the Extraordinary General
Meeting, will provide for the submission to Shareholders of the resolutions
referred to in the notice of meeting, including election of directors,
re-appointment of auditors, receipt of accounts for the period ended 31 December
2005 and matters relating to the allotment of securities.

2. Background Information on CAG

CAG was incorporated on 26 November 2003 and admitted to trading on AIM on 26
March 2004. It was established to identify and acquire projects in the natural
resources sector with particular emphasis on gold projects in central and
southern Africa. During the period since admission to trading on AIM, the
Company has acquired and is progressing prospective exploration properties in
Mali and Botswana and has reviewed and is currently considering other potential
acquisitions in Africa. The Acquisition represents a significant step in the
evolution of the Company, as it will transform the Company into a producer and
provide it with significant exploration potential on the Mining Lease and
Prospecting Licence and a valuable foothold in Ghana, a major gold producing
African country.

3. Business Objectives and Strategy

The Company's business strategy is to effectively identify, acquire and develop
gold projects and properties in Africa. The Company's current exploration assets
are located in the major African mining countries of Mali and Botswana. The
completion of the Acquisition will give the Company a producing asset in Ghana,
another major gold producing country in Africa.

The Company's management team has extensive mining and exploration experience,
and has worked together over a number of years managing underground greenstone
gold mining operations and developing exploration portfolios.

The Company's objective is to establish itself as a leading mid-tier operating
gold company, with an initial target of 200,000 ounces of annualised low-cost
gold production and 7.5 million ounces of resource in 2008. The Company intends
to accomplish this objective through a combination of acquisitions of producing
assets and identification and development of greenfield and brownfield
exploration activities.

In addition to the Proposed Transaction, the Company will continue to
investigate other acquisition opportunities in Africa that fit into the
Company's overall strategy and objectives.

4. Current Assets

4.1 Mali

Mali is a landlocked country in north-west Africa. Despite the recent growth in
the gold mining sector, Mali is an immature mining country where modern
exploration techniques have only recently been introduced. However, the country
has become Africa's third largest gold producer and is home to some of the
lowest cost gold mines in the world.

To date, over 20 million ounces of gold have been discovered in western Mali,
with a focus in the Kedougou-Kenieba Inlier District. The Inlier is host to
AngloGold Ashanti Limited and Iamgold Corp's Sadiola and Yatela mines and
Randgold Resources Limited's recently started Loulo-Yalea operation (which has
total mineral reserves in excess of 9.9 million ounces of gold at 4.12g/t Au).

The southern Mali auriferous area, or Boure District, is host to the Morila and
Syama mines and to deposits in Bagoe, Yanfolila, Kalana and Kangaba.
Randgold-AngloGold's Morila mine has produced more than 3 million ounces of gold
since it went into production in October 2000. Additionally, the Syama deposit
was recently estimated by current owner, Resolute Mining Limited, to have a
total resource of 66.6 million tonnes at 3.0g/t Au for 6.43 million ounces of
gold.

Mali Goldfields SA

CAG entered into a joint venture with Mali Mining House ("MMH") on 19 December
2005 (amended 25 July 2006), and has an 80% interest in the joint venture
company, Mali Goldfields SA. Mali Goldfields SA holds or is to be transferred
exploration licences ("permis de recherches" or "autorisations d'exploration")
for 20 properties covering more than 2,500 km(2) of the prospective Birimian
Gold Belts in southern and western Mali. MMH is a company established by members
of the Malian Union Nationale Des Operateurs Miniers and received a 20%
free-carried interest in the joint venture company in exchange for contribution
of the initial properties. CAG is providing the technical and financial
resources necessary to progress the various projects and will be repaid for its
advances prior to payment of any dividends.

The joint venture's exploration permits, covering both the western and southern
Mali gold districts, are underlain by highly prospective Lower Proterozoic
Birimian geology. CAG has completed a due diligence phase on the properties and
has prioritized 16 properties for follow-up exploration.

In line with the Malian Mining Code, in the eventuality that a mine is
discovered of a size that triggers the statutory 10% free-carried interest of
the Malian Government, then MMH will reduce its stake by 5% and CAG will do the
same, to accommodate the Government's participation.

Expenditure by CAG in connection with Mali Goldfields SA to 30 June 2006
amounted to approximately US$174,000. CAG has committed up to US$1.5 million of
expenditure on exploration of the properties held by Mali Goldfields SA to 31
December 2007.

Songhoi Ressources SA

On 26 July 2006, CAG entered into a joint venture with the Malian exploration
company Mani SARL ("Mani") to investigate three gold exploration licences in the
prospective Kenie'ba district in western Mali. CAG will fund exploration on the
properties through a joint venture company, Songhoi Ressources SA, of which CAG
holds an 80% equity interest and Mani holds a 20% free-carried interest.

The initial programme will focus on the 154km(2) Medinandi property, which is
situated in the southern part of the Kenieba window of lower Proterozoic age
Birimian strata, roughly 150km southwest of the town of Kenieba. The property
covers the southern extension of the Senegal-Mali shear zone, a formation
associated with multi-million ounce gold deposits such as Sadiola and Loulo/
Yalea.

Whilst gold was first discovered on the permit in 1953, and was the subject of a
number of more recent exploration programmes in the late 1990s, it has remained
largely under-explored due to thick soil cover. CAG has initiated the collation
of existing geological data and has planned a systematic exploration programme
for the Medinandi property. Enhanced ASTER (Advanced Spaceborne Thermal Emission
and Reflection Radiometersatellite) imagery and structural interpretations,
coupled with multi-element soil geochemistry and geospatial information systems
("GIS") syntheses, provides the basis for target prioritisation. A number of "
walk-up" drill targets have already been identified, including validation of
previous drilling and inferred resources. It is anticipated that the drilling
programme will commence in the fourth quarter of 2006. In total, CAG has
committed approximately US$370,000 for exploration expenditure in connection
with Songhoi Ressources SA to 31 December 2007.

Like the MMH joint venture, in the event that a mine is discovered of a size
that triggers the statutory 10% free-carried interest of the Malian Government,
then Mani will reduce its stake by 5% and CAG will do the same, to accommodate
the government's participation.

4.2 Botswana

Botswana is a landlocked country in southern Africa underlain by continental
crust spanning practically the whole of the Earth's geological record. Mineral
extraction, principally diamond mining, dominates economic activity, though
tourism is a growing sector. Copper, nickel and soda ash production also play
significant, though smaller, roles in the national economy.

Golden Tau Mining

In Botswana, CAG holds its interests through a 53% stake in Golden Tau Mining
Limited ("Golden Tau"), an Australian-based exploration company, which was
acquired by the Company in May 2004 for a cash consideration of #246,060
including expenses. Golden Tau, through its Botswana-registered subsidiary, owns
the exploration rights over one prospecting licence covering the north-west
extension of the Kraaipan Greenstone Belt from South Africa into southern
Botswana. The prospecting licence relates to an area of 872km(2) in southern
Botswana and covers most of the area underlain by the Kraaipan Greenstone
Terrane, an Archaean greenstone belt that is the extension of the greenstone
belt from South Africa, which hosts significant mines such as Harmony Gold
Mining Company Limited's Kalgold Operation (4 million ounce gold resource).

Golden Tau's exploration to date in Botswana has involved geological mapping,
airborne geophysic surveys and limited percussion and diamond drilling. There
have been initial indications of gold mineralisation, although the economic
viability of these occurrences has yet to be fully ascertained. The structural
setting of the Kraaipan Greenstone Belt is complex and needs further detailed
evaluation. Golden Tau has initiated a data collation and remote sensing study,
which will lay the foundation for ascertaining targets worthy of follow-up work.

Golden Tau has just begun compiling data for the leases in Botswana. Independent
mining consultant, Snowden, considers that the Company will be able to process
efficiently this data and move into a generative phase on the relatively
unexplored prospective greenstone belts covered by the leases. The presence of
significant mineral endowment on the South African extents of the greenstone
belt together with the results of limited exploration, in the Directors'
opinions, supports the prospectivity of the leases.

5. Bibiani

5.1 The Bibiani gold mine

The Bibiani gold mine is located in western Ghana, 250km north-west of the
Ghanaian capital of Accra. The mine is in the Sefwi-Bibiani Greenstone Belt,
host to over 17 million ounces of gold mineral resources and the second-most
significant gold-bearing belt in Ghana, after the Ashanti Belt to the east. The
main Bibiani orebody was discovered in 1902, and has since yielded in the order
of 4 million ounces of gold from a combination of opencast and underground
mining. The underground mining operations, which took place between 1927 and
1968, reportedly produced 7 million tonnes at an average recovered grade of 9g/t
Au for 2 million ounces of gold.

Ashanti Goldfields Limited, a predecessor of AngloGold Ashanti Limited,
purchased the Bibiani gold mine in June 1996 for a purchase price of US$125
million and subsequently invested US$80 million in capital to develop the
project. A 2.7 million tonne per annum processing facility was commissioned in
1997 at a cost of US$51 million. In the opinion of the Directors, based on their
visit to the site, the processing facility has been well maintained. Open-pit
operations were carried out between 1998 and 2005 and have produced over 1.8
million ounces of gold, bringing total gold production from the mine to over 3.8
million ounces. The main Bibiani pit was closed due to a geotechnical sidewall
failure in 2005 and since then AngloGold Ashanti Limited has largely been
processing tailings at the site.

5.2 Bibiani North

The Bibiani North (Donkota-Ansuontaa) Prospecting License is located in the
Atwima District of the Ashanti Region, centred at 6.33 N and 2.18 W and is held
by AngloGold Ashanti Bibiani. The size of the licence is approximately 19.3km
(2). The southern boundary of the licence is about 2.5km north of the town of
Bibiani, and is contiguous with the northern extension of the Mining Lease.

Previous exploration

There have been three periods of exploration on or around the Prospecting
Licence since the early 1990's, conducted by Gencor (1992 to 1994), Echo Bay
(Ghana) Limited ("Echo Bay") (1995 to 1996) and Ashanti Goldfields Company/
AngloGold Ashanti Limited (1996 to present).

Gencor conducted surface geochemical sampling and sampled the old stopes of the
Bibiani North mine. Echo Bay effected an airborne geophysical survey, including
magnetics, radiometrics and very low frequency surveys, over the licence area.
Echo Bay also drilled 11 diamond holes. Further work on the Prospecting Licence
by Ashanti Goldfields Company, now AngloGold Ashanti Limited, was delayed until
a settlement was reached on the farm-in rights of Echo Bay, which was achieved
in the latter part of 1996. AngloGold Ashanti Bibiani was created to operate the
new Bibiani gold mine and was also given responsibility for further exploration
of the Mining Lease and the Prospecting Licence. AngloGold Ashanti Bibiani
renewed the licence on behalf of Atwima Amanano Goldfields in 1997/1998.
AngloGold Ashanti Bibiani bought out Atwima Amanano Goldfields in 2000 after
which the licence was again renewed in May 2001. AngloGold Ashanti Bibiani has
been responsible for conducting exploration activities on the Prospecting
Licence to date.

The principal work carried out by AngloGold Ashanti Bibiani on the Prospecting
Licence from 1997 to 2001 includes soil sampling, aerial photography and
drilling. AngloGold Ashanti Bibiani's exploration has tailed off since 2003.
However, in 2005 an integrated GIS study was undertaken to further delineate
exploration targets. The target generation exercise utilised all available data
(geophysical, soil geochemistry) and comparisons with known occurrences. An
assessment of the potential for further open pittable resources was made based
on a comparison of known mineralisation styles and volumes with a geological
target generation exercise. Targets were defined from each of the individual
datasets/interpretations, and were combined to produce a series of integrated
priority targets for both the Mining Lease and Prospecting Licence areas.
AngloGold Ashanti Bibiani also reviewed existing geological interpretations,
and, largely utilizing the newly acquired aeromagnetic data, completed a revised
interpretation. Several significant gold in soil anomalies were found to be
present across the licence area. AngloGold Ashanti Bibiani assessed the
relationship between the revised geology and these anomalies, and concluded that
elevated gold values frequently appear to be related to porphyritic lithologies,
similar to Redback Mining Inc.'s Chirano deposits located to the south. This was
especially evident at Pamunu North where the soil anomalies are clearly
constrained by the limit of the individual intrusions.

Preliminary work undertaken by CAG

As part of its due diligence, CAG has collated all the exploration data,
reviewed AngloGold Ashanti Bibiani's work, and subsequently undertaken its own
structural geology/GIS target generation study. This work was instrumental in
understanding the geological upside of both the Bibiani gold mine and environs
as well as the Prospecting Licence.

CAG's work has resulted in a new structural interpretation that CAG believes can
be used as a predictive tool for underground and surface exploration. This
structural model, when utilized to constrain existing exploration data,
generated six new targets as well as constraining the AngloGold Ashanti Bibiani
interpretations. Further collation of all the satellite pit drilling has
provided a basis for a systematic and phased exploration programme on the Mining
Lease and the Prospecting Licence. Fifteen targets that overlap have now been
prioritized for follow-up work. The exploration programmes include a combination
of infill soil sampling, detailed geophysical and structural geology mapping and
trenching followed by a number of phases of RC and DDH drilling, as well as
appropriate metallurgical testwork.

5.3 Further information on Bibiani resources and reserves

The CPR was prepared by Snowden as at 29 August 2006 and provides estimates of
mineral resources and reserves at Bibiani.

The mineral inventory at Bibiani comprises in situ resources associated with the
Bibiani gold mine and the satellite deposits. The inventory also comprises
stockpiles of mineralised material and tailings contained in surface storage
facilities. The total Measured and Indicated Resources at Bibiani are 20,533,000
tonnes at a grade of 1.11g/t Au for 733,000 ounces of contained gold. The total
Inferred Resources at Bibiani are 4,600,000 tonnes at a grade of 4.2g/t Au for
624,000 ounces of contained gold. The Bibiani and satellite resources are quoted
at cut-off grades of 2g/t Au and 0.75g/t Au, respectively. Snowden has reviewed
the classification and found it to be in accordance with the JORC Code (2004).

Snowden considers that CAG can add to the resource base at the Bibiani gold mine
and the satellite deposits through the development of applied geological
knowledge to the existing geological models, and then apply targeted drilling to
the existing resources to raise the confidence level and increase the resource
base. Snowden considers there is an opportunity to improve the resource estimate
by reinterpreting the data to incorporate lithological and structural data. This
will aid in understanding controls on the mineralisation at Bibiani and assist
in optimizing drill programmes to define additional resources. It is also
recommended that the model be extended at depth as mineralization has been
intersected in drillholes 200m below the base of the model. Snowden considers
that there is substantial value to be added to the resource by developing a
lith-structure framework for the resource estimate.

The reserves at Bibiani comprise in situ resources associated with the Bibiani
gold mine and the old tailings facilities. Reserve estimates have been generated
by AngloGold Ashanti Limited and CAG staff for the tailings material, while
Snowden reviewed the underground resources and provided an estimate of in situ
reserves. At this stage, Snowden is not prepared to classify the in situ ore
reserves higher than into the Probable category in accordance with the JORC Code
due to some uncertainties described in the CPR. Ore reserves are summarized in
the following table:


Deposit Classification Tonnes Grade (Au g/t) Metal Ounces (Au)

Glamco tailings Proved 2,613,000 1.05 88,000
Glamco tailings Probable 364,000 0.94 11,000
Sub-Total Tailings 2,977,000 1.03 99,000
Bibiani in situ Probable 1,243,000 1.02 161,000
Total Proved and Probable 4,220,000 1.92 260,000


Snowden prepared a valuation for the Bibiani gold mine in the CPR, based on the
resources and reserves discussed in the CPR. The financial model quantifies the
revenues, costs and capital expenditure over the life of the mine. A discounted
cash flow model was constructed based on post tax/pre-finance real cash flows
for the Bibiani gold mine. Three distinct scenarios were assessed based on
various development and production schedules, as well as the respective capital
requirements accompanying them.

Snowden concludes that the project cash flow based on sound technical input
parameters and estimated projections shows that all three of the scenarios
considered in the CPR will be cash flow positive for the full life of the mine.
Net present values for the three scenarios are positive across a range of
discount rates (8%, 10% and 12%). It is Snowden's opinion that the Bibiani gold
mine, as an underground operation (drawing initially from material contained in
tailings dumps), under current gold prices, represents a viable mining venture
that will continue to enhance social conditions in the Bibiani area in Ghana,
whilst achieving CAG's corporate objectives.

5.4 Plans for Bibiani

CAG's team of experienced mining and geoscience professionals will utilise their
expertise and techniques to achieve the Company's objectives of increasing
production and the resource base from both the current Mining Lease and the
Prospecting Licence. CAG has three primary objectives for the re-establishment
of hard rock mining operations and development of new mining opportunities on
the Mining Lease and Prospecting Licence:


* Geological remodelling of the Bibiani orebodies - CAG intends to increase
Bibiani's resource base from its stated inventory of gold as at 31 December
2005 of 100,000 ounces of ore reserve and 900,000 ounces of mineral resource
(JORC compliant), as stated in AngloGold Ashanti Limited's audited 2005
accounts. Work has commenced on compiling the existing data for the purpose
of a comprehensive geological re-interpretation. The AngloGold Ashanti
Limited model of the Bibiani orebodies was established on an 'ore outline'
grade cut-off of approximately 3g/t Au without the geological structure
having been modelled. Further, the existing modelling has not contemplated a
bulk underground mining scenario. There are contiguous mineralised drill
intersections that presently are not included in the model of the stated
resources. The immediate re-interpretation of data by CAG will serve two
main purposes: firstly, re-stating the resources should result in an
increased resource base that is in line with the Company's business plan and
intention to develop the main underground operation; and secondly, a full
understanding of the data density in the model will enable a prioritization
of underground drilling and sampling for conversion of resources to reserves
and identification of new resources. Detailed mine planning and scheduling
will be updated in accordance with the new model.

* Immediate Production - CAG will continue with the re-treatment of the
current tailings at a rate of approximately 4,000 ounces of gold recovered
per month. The Company will commence with a phased capitalization of the
underground mining operations as soon as practicable after Completion. The
CAG business plan sees underground production commencing during the third
quarter of 2007 with a build up to an initial target tonnage of 100,000
tonnes per month by the third quarter of 2008 where at this point it is
anticipated gold production will be at a rate of approximately 100,000
ounces per year. CAG's development program will extend the existing decline
from 9 level to 14 level together with the construction of a new decline
from surface to 14 level, which will both mitigate the risk of a single
access operation and will provide a dedicated low cost conveyer haulage of
ore to the Run of Mine stockpile at the plant. CAG's mining team have
inspected the existing underground excavations and have determined a wide
long hole stoping mining method as appropriate for the orebody and believe
this is achievable given the team's experience in this style of mining. A
pay-limit of under 2g/t Au enables stope widths of between 10m and 40m which
has been planned against the existing measured and indicated and converted
inferred resources.

* Exploration - CAG is of the view that there is considerable upside on both
the Mining Lease and Prospecting Licence. The Company has utilized its
in-house skills and proprietary technology to complete a target generation
study over the properties which has highlighted 15 initial targets that have
been prioritized. A detailed exploration program has been developed to
systematically evaluate these opportunities. The Company's exploration and
structural geology expertise will be focused initially on resource
conversion in line with achieving milestones relating to the underground
production plan. A deep surface drilling program has been planned to
establish geological continuity of the upper level mineralisation of the
main Bibiani orebody and this is expected to identify resources in addition
to the business plan and thereby increase the current planned mine life.
Concurrently with the initial focus on underground resources, the Company
will evaluate satellite oxide resources that exist and could in short order
provide an ore source to augment the current tailings production.

CAG's proposed mine plan for the re-establishment of underground operations at
Bibiani involves accessing the main orebodies currently in close proximity to
the existing ramp and level infrastructure developed by the previous owners
since 2002. The width, extent and continuity of the defined orebodies lends to
longhole open stoping as the mining method of choice. Underground inspection of
old stopes confirms that rock mass conditions are suitable for this method.

6. The Proposed Transaction

Under the terms of the Acquisition Agreement, CAG has agreed to purchase, and
the Vendors have agreed to transfer to a subsidiary of CAG, the entire business
conducted by the Vendors at the Bibiani gold mine in Ghana as a going concern,
including the assignment of the Mining Lease and (subject to extension) the
Prospecting Licence.

CAG has agreed to pay the Vendors an aggregate cash purchase price of US$40
million at Completion and shall assume certain on-going liabilities associated
with the Bibiani gold mine. US$4 million of the cash purchase price is
contingent on the duration of the Prospecting Licence being extended by the
government of Ghana to a date at least 12 months from the closing date of the
Acquisition. CAG has deposited in escrow US$1 million, which is payable, in
certain circumstances, to the Vendors if the resolution approving the
Acquisition is not passed by Shareholders or CAG is unable to raise sufficient
funds to comply with its obligations under the Acquisition Agreement. Completion
is contingent upon satisfaction of a number of conditions precedent, including
certain approvals and consents of the Government of Ghana, consent of the Ghana
Mineworkers Union to the cession and delegation of the collective bargaining
agreement at the Bibiani gold mine to CAG's subsidiary, CAG raising sufficient
funds, and approval of the Acquisition by Shareholders.

Further information in respect of the Acquisition Agreement is given in the
Material Contracts Summary included in paragraph 11 of Part VI of the Admission
Document. The Company plans to raise up to #25,200,000 (US$47,862,360) by the
issue of up to 210,000,000 Placing Shares at a Placing Price of 12 pence per
share to provide funds to pay the balance of the purchase price for the
Acquisition, to develop the Bibiani gold mine and for general working capital
purposes. It is expected that Admission of the Placing Shares will take place on
the day of Completion, which is expected to occur on or around 1 November 2006
(subject to satisfaction of the conditions precedent). The Placing is described
further in paragraph 9 below.

7. Current Trading and Prospects

During the period since 31 December 2005, the Company has continued to implement
its business strategy, through significant work on its projects in Mali and
Botswana and exploration of other potential acquisitions and permit
opportunities.

Management of the Company was strengthened in March of this year through the
addition of Greg Hunter, as Chief Executive Officer, and Mark Rosslee, as
Financing Director, supported by a strong technical team bringing expertise in
geology and exploration, engineering and metallurgy and corporate and financial
issues. All of the team have extensive experience and relationships throughout
Africa and are familiar with the challenges and opportunities of the continent.
The Company's balance sheet was strengthened by an institutional placing in
April which raised approximately #9 million and introduced a number of
significant institutional shareholders to the Company's Shareholder base.

The Acquisition represents a significant step in the evolution of the Company,
as it will transform the Company into a producer and provide it with significant
exploration potential on the Mining Lease and Prospecting Licence and a foothold
in Ghana, a major gold producing African country.

In addition, the Company has continued to evaluate and consider a number of
other acquisitions and licensing opportunities in Africa to enhance the
Company's existing holding and advance its strategic objectives.

Additional details of developments over the past year can be found in the
Company's annual financial statements for the year ended 31 December 2005 and
interim financial statements for the six months ended 30 June 2006 contained in
Part IV of the Admission Document.

10. Details of the Placing and Use of Proceeds

The Company is proposing to raise up to #25,200,000 (US$47,862,360), before
expenses, through the issue of up to 210,000,000 Placing Shares at 12 pence per
share. The Placing, which is not underwritten by Hichens, will be conditional
upon, inter alia:

a) the Placing Agreement not being terminated by either Hichens or Strand in
respect of a material breach thereof by the Company;

b) the Placing not raising less than #21,000,000;

c) approval by the Shareholders of the Acquisition at the Extraordinary
General Meeting;

d) the Company notifying Hichens and Strand that the conditions precedent to
Completion under the Acquisition Agreement have been satisfied or waived;
and

e) the London Stock Exchange having agreed to admit the Placing Shares to
trading on AIM at 8.00 a.m. on 1 November 2006 (or such later date as the
Company, Strand and Hichens may agree but in any case no later than 31
December 2006).

The Placing is expected to be made by means of a placing of Ordinary Shares to
certain institutional investors in the United Kingdom and elsewhere.

Assuming the maximum Placing, the Placing Shares will represent 44 per cent. of
the Enlarged Share Capital. Therefore, Shareholders who do not participate in
the Placing will be diluted to that degree if the maximum Placing is made.

The net proceeds of the Placing, assuming the maximum Placing, are estimated to
amount to #24,350,000 (US$46,247,955), of which US$39,000,000 (#20,533,881) will
be utilized to pay the balance of the purchase price under the Acquisition
Agreement. The Directors expect to place at least 175,000,000 Placing Shares,
which would raise #21,000,000 (US$39,885,300). The Directors expect that the
existing cash assets of the Company will be utilized, along with the balance of
the net proceeds of the Placing, to develop the Bibiani gold mine and continue
work on the exploration properties. Any remaining funds will be applied to
provide funds for general working capital purposes and to finance the
investigation and execution of strategic acquisitions.

The Placing Shares, on issue, will rank pari passu in all respects with the
Existing Ordinary Shares. The Placing will be conditional upon the conditions
set out above being satisfied by 31 December 2006. However, the Company
anticipates that the conditions will be satisfied earlier. Assuming that the
conditions are satisfied by 23 October 2006, it is anticipated that the Placing
Shares will be issued shortly thereafter. On this basis, dealings in the Placing
Shares will commence and CREST accounts would be credited by 1 November 2006 and
certificates dispatched by 8 November 2006.

9. Board of Directors

Mr. Gregory David Hunter, Chairman and Chief Executive Officer, aged 42

Gregory Hunter, who has a B.Sc in Mining Engineering, has worked extensively in
the resource sector in both financial and technical capacities. He was formerly
Chief Executive Officer of Southern African resource company Metallon Gold and a
director of Ridge Mining plc. Prior to this, he was a rated analyst and head of
mining research at Deutsche Securities, focusing primarily on the gold and
platinum sectors. Mr. Hunter also spent two years at UAL Merchant Bank and a
number of years with AngloGold Limited.

Mr. Mark William Rosslee, Finance Director, aged 44

Mark Rosslee, a Chartered Accountant with a graduate diploma in Mining
Engineering, was Finance Director of Metallon Gold, having been the Chief
Financial Officer at both SouthernEra Diamonds Inc. and Southern Platinum Corp.
He gained extensive experience in the mining industry with the De Beers Group at
both a corporate and operational level over a period of 12 years.

Mr. Roy Aubrey Pitchford, Non-executive Director, aged 56

Roy Pitchford has more than 20 years' senior management and executive experience
in Southern Africa, 13 years of which were in the mining industry. He was Chief
Executive Officer of Cluff Resources Zimbabwe Limited, Delta Gold Zimbabwe (Pvt)
Limited and Zimbabwe Platinum Mines Limited ("Zimplats"), which was listed on
the Australian Stock Exchange. He is also a Past President of the Chamber of
Mines of Zimbabwe. Roy was closely involved in building Zimplats and creating a
company with a platinum group metal resource base in excess of 300 million
ounces. This included taking the Ngezi opencast platinum mine into production
and the re-commissioning of the Selous Metallurgical Complex at the end of 2001.
He was also closely involved in Impala Platinum Holdings Limited's acquisition
of Zimplats in September 2005.

Mr. Hunter and Mr. Rosslee were appointed to the Board on 8 March 2006 and their
current term of office expires at the Annual General Meeting. Mr. Pitchford was
appointed to the Board on 1 January 2004 and his current term of office expires
at the Annual General Meeting. The resolutions at the Annual General Meeting
will propose the Directors' re-election to the Board.

10. Lock-ins and Orderly Market Arrangements

Pursuant to the terms of the Placing Agreement, Mr. Pitchford has agreed not to
transfer the Ordinary Shares in which he has an interest for a period of one
year from the date of Admission. No other lock-in agreements have been entered
into by Directors or other related parties under the AIM Rules.

11. Dividend Policy

The Company has not paid any dividends since its incorporation. The Directors
intend to devote the Company's cash reserves to exploration and development
activities in the short to medium term and intend to commence the payment of
dividends only when they consider it to be commercially prudent to do so, having
regard to the availability of the Company's distributable profits and the
retention of funds required to finance future growth.

12. Annual General Meeting and Extraordinary General Meeting

The Admission Document appends notices convening the Annual General Meeting and
the Extraordinary General Meeting of the Company, to be held at Third Floor,
Aldermary House, 10-15 Queen Street, London at 9:00 a.m. and 9:15 a.m.,
respectively, on 23 October 2006.

The following resolutions will be proposed at the Annual General Meeting:

1) to authorise the Directors pursuant to section 80 of the Act to allot
relevant securities including, amongst others, the Placing Shares;

2) to receive the accounts of the Company for the period ended 31 December
2005;

3) to re-appoint Roy Pitchford as a director;

4) to re-appoint Gregory Hunter as a director;

5) to re-appoint Mark Rosslee as a director;

6) to re-appoint Baker Tilly as auditors and authorise the Directors to fix
their remuneration; and

7) to authorise the Directors to allot relevant securities for cash as if the
statutory pre-emption rights set out in section 89 of the Act did not apply
to such allotment.

Resolutions (1) - (6) will be proposed as Ordinary Resolutions and resolution
(7) will be proposed as a Special Resolution at the Annual General Meeting. The
resolution to be proposed at the Extraordinary General Meeting will be to
approve the Acquisition. This resolution will be proposed as an Ordinary
Resolution.

13. Admission Document

The Admission Document setting out details of the Proposals and including a
notice of the EGM, accompanied by the form of proxy, will be posted to
Shareholders today. Copies of the Admission Document will be available to the
public free of charge from today at the offices of Strand Partners Limited at 26
Mount Row, London SW1 3SQ and at Salans, Millennium Bridge House, 2 Lambeth
Hill, London EC4B 4AJ during normal business hours on any weekday (other than
Saturdays and public holidays), until one month following the date of admission.

14. Expected Timetable of Principle Events

Resumption of trading on AIM 29 September 2006

Latest time and date for receipt of Forms of Proxy 9:00 a.m. on 21 October 2006
for the Annual General Meeting

Latest time and date for receipt of Forms of Proxy 9:15 a.m. on 21 October 2006
for the Extraordinary General Meeting

Annual General Meeting 9:00 a.m. on 23 October 2006

Extraordinary General Meeting 9:15 a.m. on 23 October 2006

Re-admission of the Existing Ordinary Shares 1 November 2006*

Admission of the Placing Shares effective and 1 November 2006*
dealings commence on AIM

Closing of the Acquisition 1 November 2006*

CREST accounts credited by 1 November 2006*

Dispatch of definitive certificates by 8 November 2006*

*assuming all conditions precedent are by then satisfied or waived

All future dates referred to in the Admission Document are subject to change at
the discretion of the Company, Strand and Hichens.


* * ENDS * *


Strand Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting as nominated adviser and broker
to the Company in connection with the Acquisition, Placing and proposed
admission and re-admission of the Enlarged Share Capital to trading on AIM. Its
responsibilities as the Company's nominated adviser under the AIM Rules are owed
solely to the London Stock Exchange and are not owed to the Company or to any
Director or to any other person in respect of his decision to acquire shares in
the Company in reliance on any part of this announcement.

Strand Partners Limited is not acting for anyone else and will not be
responsible to anyone other than the Company for providing the protections
afforded to its clients or for providing advice in relation to the contents of
this announcement or the Acquisition, the Placing or the proposed admission and
re-admission of the Enlarged Share Capital to trading on AIM. No representation
or warranty, express or implied, is made by Strand Partners Limited as to the
contents of this announcement, without limiting the statutory rights of any
person to whom this announcement is issued. The information contained in this
announcement is not intended to inform or be relied upon by any subsequent
purchasers of Placing Shares (whether on or off exchange) and accordingly no
duty of care is accepted in relation to them.

Strand Partners Limited has approved the contents of this announcement solely
for the purpose of section 21 of the Financial Services and Markets Act 2000.
The principal place of business of Strand Partners Limited is 26 Mount Row,
London W1K 3SQ.

The Directors of Central African Gold Plc, accept responsibility, individually
and collectively, for the information contained in this announcement and for
compliance with the AIM Rules.

This announcement does not constitute, or form part of, an offer or an
invitation to purchase any securities.



DEFINITIONS

The following definitions apply throughout this announcement, unless the context
requires otherwise:


"Acquisition" the proposed acquisition of Bibiani by a wholly-owned subsidiary of
the Company pursuant to the Acquisition Agreement
"Acquisition Agreement" the agreement dated 22 August 2006 between the Company and the
Vendors relating to the Acquisition
"Act" the Companies Act 1985, as amended
"Admission" the re-admission of the Existing Ordinary Shares to trading on AIM
and the admission of the Placing Shares to trading on AIM becoming
effective in accordance with the AIM Rules
"AIM" the market of that name operated by the London Stock Exchange
"AIM Rules" the rules for AIM companies as published by the London Stock Exchange
from time to time
"AngloGold Ashanti AngloGold Ashanti (Bibiani) Limited, a wholly-owned subsidiary of
AngloGold Ashanti Limited
Bibiani"
"AngloGold Ashanti Ghana" AngloGold Ashanti (Ghana) Limited, a wholly-owned subsidiary of
AngloGold Ashanti Limited
"Annual General Meeting" the annual general meeting of the Company to be held at 9:00 a.m. on
23 October 2006, notice of which is attached to the Admission
Document
"Bibiani" the Bibiani gold mine and related assets and mining and prospecting
licences located in Ghana
"Board" or "Directors" the board of directors of the Company
"Combined Code" the "Combined Code on Corporate Governance" published in July 2003 by
the Financial Reporting Council
"Company" or "CAG" Central African Gold plc
"Completion" completion of the Acquisition in accordance with the Acquisition
Agreement
"CPR" the competent person's report relating to the current operations of
the Company and the Bibiani gold mine prepared by Snowden dated 29
August 2006
"Enlarged Share Capital" the Ordinary Shares in issue immediately following Admission
(excluding any Ordinary Shares that may be issued pursuant to the
exercise of any options or warrants prior to Admission)
"Existing Ordinary Shares" the 265,751,023 Ordinary Shares in issue at the date of the Admission
Document
"Extraordinary General Meeting" the extraordinary general meeting of the Company to be held at 9:15
a.m. on 23 October 2006 (or such later time on that date as the
Directors may determine after the Annual General Meeting has
concluded), notice of which is attached to the Admission Document
"Forms of Proxy" the forms of proxy which accompany the Admission Document for use by
holders of Existing Ordinary Shares in connection with each of the
Annual General Meeting and the Extraordinary General Meeting,
respectively
"FSMA" the Financial Services and Markets Act 2000
"Ghana" the Republic of Ghana
"Golden Tau" Golden Tau Mining Limited, an Australian-based exploration company in
which the Company has a 53% interest
"Hichens" Hichens, Harrison & Co. Plc, nominated broker to the Company
"London Stock Exchange" London Stock Exchange plc
"Mani" Mani SARL, a Malian exploration company and holder of a 20% interest
in Songhoi Resources SA
"Mining Lease" the 30 year mining lease entered into on 19 May 1997 between the
State of Ghana and AngloGold Ashanti Bibiani, in respect of the area
of approximately 49.82km2, located at Bibiani in the Western Region
of Ghana
"MMH" Mali Mining House, a company established by members of the Malian
Union Nationale Des Operateurs Miners and holder of a 20% interest in
Mali Goldfields SA
"Ordinary Shares" ordinary shares of 0.1 pence each in the capital of the Company
"Placees" the subscribers of Placing Shares pursuant to the Placing
"Placing" the conditional placing by the Company of the Placing Shares
"Placing Agreement" the conditional agreement dated 28 September 2006 between the
Company, the Directors, Strand and Hichens
"Placing Price" 12 pence per Placing Share
"Placing Shares" the up to 210,000,000 Ordinary Shares which are the subject of the
Placing
"Proposed Transaction" the Acquisition and the Placing
"Prospecting Licence" the prospecting licence held by AngloGold Ashanti Bibiani, originally
issued on 27 June 2004 and most recently extended on 4 May 2006 to 31
December 2006, in respect of the area of approximately 19.3km(2),
located at Bibiani North in the Western Region of Ghana
"Shareholders" the holders of Ordinary Shares of the Company
"Snowden" Snowden Mining Industry Consultants (Pty) Limited
"Strand" Strand Partners Limited, nominated adviser to the Company
"Vendors" AngloGold Ashanti Bibiani and AngloGold Ashanti Ghana



This information is provided by RNS
The company news service from the London Stock Exchange
END

[Scheich2000]

Noch eine News von gestern:

Central African Gold plans to raise up to 25.2 mln stg via 210 mln shr placing
LONDON (AFX) - Central African Gold PLC said it plans to raise as much as
25.2 mln stg in a 210 mln share placing to fund acquisitions and secure
production and development.
The company also confirmed that it agreed to buy the Bibiani gold mine for
40 mln usd in cash from AngloGold Ashanti Ltd, which announced the agreement
last month. The acquisition, classed as a reverse takeover, gives Central
African immediate production and revenue generation.
It plans to increase production at Bibiani following the restart of an
underground production programme in the second half of 2007.
"This acquisition represents a significant step in the evolution of the
company as it will transform it into a producer and provide it with significant
exploration potential as well as a valuable foothold in Ghana," said chairman
Greg Hunter.
"We have already acquired and are progressing our exploration properties in
Mali and Botswana and we are considering other potential acquisitions in Africa.
Our objective is to establish CAG as a leading mid-tier operating gold company,
with an initial target of 200,000 ounces of annualised low-cost gold production
and 7.5 mln ounces of resource in 2008," he added.
Trading in the company's shares resumed on AIM today following the release
of details of the proposals

[Scheich2000]

Schade das sich keiner hier zu Wort gemeldet hat.

[Enfido]

Hallo Scheich2000
Ich gebe dir Recht.
es ist sehr schade, dass sich niemand zu dieser Aktie meldet
oder beschäftigt.
Wollte aufgrund deines beharrlichen Versuches diesen Thread zu beleben mal mindestens eine Reaktion zeigen.
Ich habe diese Aktie schon seit fast 10 Monaten und stelle doch fest, dass sehr wenig verarbeitbare Infos zu kriegen sind.
Bisher ist diese optisch ganz gut gelaufen.
Obwohl die Frage entstehen kann, wo den diese verkaufbar wäre,
weil täglich neue Kurse gebildet werden aber nie ein Umsatz zu sehen ist (Deutschland)
Trotzdem weiß man nicht so recht wie diese Info zur Geschäftspolitik und weiteren Zielen zu bewerten sind.
Da ich in diesem Segment auch keine große Recherchenerfahrungen habe, müssen wir wohl warten bis jemand mehr Licht in die Sache bringt.
Ich wünschte mir so eine Informationsqualität wie von den Goldgräbern aus dem Perseus Therad (A0mn07) da weiß man durch Silak und Konsorten wenigsten, was passieren kann.

Schau ma mal.
Grüße E.do

[Scheich2000]

Antwort auf Beitrag Nr.: 24.344.416 von Enfido am 02.10.06 15:59:43

Hi Enfido,

also in London werden schon einige Kurse gemacht.
Leider ging es dort heute deutlicher nach unten.

Am 23.10. soll ja ein Meeting stattfinden.
Vielleicht kommen da noch ein paar weitere News.

Umso mehr News umso mehr Personen werden hier drauf aufmerksam.

Central African Mining, hat ein großen Anteil an Aktien von Central African Gold.
Und die Mining hat ja auch von ca. 10 Pence bis über 90 Pence innerhalb von ca.6 Monaten ein starken Anstieg hingelegt. Jetzt leider um die 40 Pence.
Hoffe aber das jetzt die Aktie evtl. eine ähnliche Entwicklung nimmt.

Hast Du evtl. eine Ahnung ob die beiden beiden Firmen irgendwie zusammen gehören?
Gruß Scheich

[Scheich2000]

Hier ist ja leider immer noch nichts los.
Aber gestern war in London immerhin einer der größten Tagesumsätze von Central African Gold.
Da war alleine eine Position von über 16 Millionen Shares

[Enfido]

Hallo Scheich,

Du hast recht, es hier noch nie etwas los gewesen.
Die deutschen Kurse schwanken immer zwischen 0,12 bis 0,25 in den letzten 6 Monaten, ohne dass auch nur eine Share in Germany über die Theke geht.

Na ja, ich hoffe, dass die umsätze aus London sich mal auf Germany übertragen. Ansonsten gibt es nicht neues als Recherche.

Wenn du etwas erfahren solltes um meine Long Position zu stärken, wäre auch ich sehr danlbar. Gleiche Forderung geht an mich.

Bis demnächst.

Ein Goldgräber.

PS: Schau dir mal den Thread von Persseus mining an

Dort bahnt sich mittelfrsitig etwas positives an.
Check yourself.

[Enfido]

Nachtrag:

Ich sehe ein --- zuviele Schreibfehler.

ich war wieder zu schnell auf der Tastatur--- ohne Kontrolle.

So long

Enfido

[Scheich2000]

Danke Enfido.

Hoffe wir werden beide belohnt.

[Scheich2000]

Endlich mal wieder ein kleines Plus bei Central African.
Hoffe das irgendwann mal wieder die 11 Pence Marke genommen wird.

[Scheich2000]

Es gab heute ja mal Umsatz in Frankfurt!!!

[Scheich2000]

News von heute:

Company Central African Gold PLC
TIDM CAN
Headline Acquisition
Released 08:05 20-Dec-06
Number 2943O



RNS Number:2943O
Central African Gold PLC
20 December 2006



Central African Gold Plc ("CAG" or "the Company")
Acquires Bibiani gold mine and related assets and licences in Ghana
Readmission of Existing Ordinary Shares and Admission of Placing Shares


Central African Gold Plc, an AIM listed gold mining and exploration company, is
pleased to announce that following satisfaction of all of the relevant
conditions precedent it has today completed the acquisition of the Bibiani gold
mine and related assets and liabilities, including prospecting licence in Ghana
from AngloGold Ashanti Limited ('AGA') ("the Acquisition"). The Acquisition,
which will immediately provide the Company with production and revenue
generation, is part of CAG's growth strategy aimed at rapidly building the
Company into a significant African gold producer, with extensive world class
exploration and production assets.


The Bibiani gold mine and 19.3 sq km Bibiani North Prospecting Licence ("PL") in
Ghana were acquired for an aggregate consideration of US$40 million, of which
US$4 million of the consideration is payable on assignment of the PL to CAG's
subsidiary within 90 days after closing, should this occur.


To finance the acquisition CAG raised £16.1 million (US$30.6 million) by way of
a placing via the issue of an estimated 179,192,896 Placing Shares, comprising
161,642,570 Ordinary Shares at a Placing Price of 9 pence per Ordinary Share and
US$3 million or an estimated 17,550,326 Ordinary Shares to AGA, at a price set
at the volume weighted average trading price of the Ordinary Shares in the 20
trading days preceding today's completion date as part of the transaction. The
balance of the consideration will be met from existing cash resources. Under the
requirements of the South African Reserve Bank ("SARB"), AGA is required to sell
these estimated 17,550,326 Ordinary Shares within 90 days from their effective
admission to trading on AIM. Nevertheless, AGA has entered into an orderly
market agreement with CAG and has agreed to work with the Company to make
further applications to the SARB in order to achieve an extension of the
aforementioned 90 day period.


The Bibiani mine, located 250 km north west of Accra, is situated in the
Sefwi-Bibiani Greenstone Belt. This belt is one of the most prospective in
Ghana, and also hosts Newmont's Ahafo (circa 16 million oz resource) and
Redback's Chirano (circa 2.3 million oz resource) operations (Source: Metals
Economic Group, 2006). CAG aims to re-state the resource through exploration,
re-establish hard rock mining operations and develop new mining opportunities on
the Mining Lease and PL through exploration. Importantly, there is a well
maintained 2.7 million tonnes per annum processing facility already on site
(built eight years ago at a cost of circa US$50 million).


CAG intends to continue with the re-treatment of the current tailings at a rate
of approximately 4,000 ounces of gold recovered per month to ensure immediate
revenue generation. It will commence with a phased capitalisation of the
underground mining operations as soon as practicable. The Board's business plan
sees underground production commencing during the third quarter of 2007 with a
build up to an initial target tonnage of 100,000 tonnes per month by the third
quarter of 2008, where at this point it is anticipated gold production will be
at a rate of approximately 100,000 ounces per year. CAG's team of experienced
mining professionals will utilise their expertise and techniques to achieve the
Company's objectives of increasing production and the resource base from both
the current mining lease and Bibiani North.


Since its discovery in 1902, Bibiani has yielded approximately 4 million ounces
of gold from both underground and open pit mining operations. The Board intends
to increase Bibiani's resource base from its stated inventory of gold as at 31
December 2005 of 100,000 ounces of ore reserve and 900,000 ounces of mineral
resource (JORC compliant) as stated in AGA's audited 2005 accounts. Re-stating
the resources should result in an increased resource base that is in line with
the Company's business plan and intention to develop the main underground
operation; and secondly, provide a full understanding of the data density in the
model which will enable prioritisation of underground drilling and sampling for
conversion of resources to reserves and identification of new resources.
Detailed mine planning and scheduling will be updated in accordance with the new
model.


Additionally, the Company has received credit committee approval from a leading
South African banking group to provide debt financing of up to US$15 million
(subject to the satisfaction of certain standard conditions precedent). If
concluded, this additional financing will enable the Company to access further
funds to optimise future development of Bibiani as an alternative to further
equity issues at the current share price.


CAG's CEO Greg Hunter said, "CAG's strategy is to become a leading mid-tier
operating gold company, with an initial target of circa 200,000 ounces of
annualised low-cost gold production and 7.5 million ounces of resource by the
end of 2008. The acquisition of Bibiani is a great deal for us and compliments
our existing exploration portfolio in Mali and Botswana. Our focus is on
geologically attractive gold regions and we are currently evaluating other
opportunities in order to fulfil our growth objectives."


Application has been made for the readmission of the existing Ordinary Shares
and warrants and the admission of 161,642,570 Placing Shares to trading on AIM.
The new Ordinary Shares to be admitted pursuant to the Placing will rank pari
passu with the existing Ordinary Shares of 0.1p each in the Company and dealings
are expected to commence today. Admission of the estimated 17,550,326 Ordinary
Shares being subscribed for by AGA is expected to take place on 28 December 2006
following separate application.


* * ENDS * *


For further information please contact or visit www.centralafricangold.com or
contact:


Greg Hunter Central African Gold Plc Tel: [phone]

Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Simon Raggett Strand Partners Limited Tel: [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

END

[Scheich2000]

Heute mal wieder News. Scheinen gut zu sein, da der Kurs sich gut entwickelt hat.

RNS Number:8508Q
Central African Gold PLC
07 February 2007


Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

7 February 2007

Central African Gold Plc ("CAG" or "the Company")

Bibiani Mine Resources Update - Increased Gold Resources

CAG, the AIM traded gold mining and exploration company, is pleased to announce
it has completed Phase I of the re-evaluation of the main Bibiani mine ore body
and surrounding ore sources and has increased its measured and indicated gold
resources from 733,000 oz Au contained in 20,533,000 tonnes grading 1.11g/t Au
to 925,000 oz Au contained in 22,871,000 tonnes grading 1.26 g/t Au. Proven
and probable gold reserves have increased from 260,000 oz Au contained in
4,220,000 tonnes grading 1.92 g/t Au to 299,000 oz Au contained in 4,357,000
tonnes grading 2.13 g/t Au.

The underground measured and indicated resources have increased from 359,000 oz
Au contained in 2,556,000 tonnes grading 4.37 g/t Au to 546,000 oz Au contained
in 4,288,000 tonnes grading 3.96 g/t. In addition, the underground reserves have
increased from 161,000 oz Au contained in 1,243,000 tonnes grading 4.02 g/t to
214,000 oz Au contained in 1,748,000 tonnes grading 3.81 g/t.

Ore Reserves Kt Au g/t Au Koz Mineral Resources Kt Au g/t Au Koz
----------- ------- ------- ------- ------------ ------- ------- -------
Proven 3,320 1.80 192 Measured 3,521 2.10 238
Probable 1,037 3.20 107 Indicated 19,350 1.11 687
----------- ------- ------- ------- ------------ ------- ------- -------
Total 4,357 2.13 299 Total M & I 22,871 1.26 925
Reserves ======= ======= ======= ============ ======= ======= =======
===========
Inferred 5,589 3.05 547
------------ ------- ------- -------
Total 28,460 1.61 1,472
Resources ======= ======= =======
============



The Phase I programme which has primarily involved the complete re-modelling of
the main Bibiani mine ore body from the available raw data, supports
management's belief that the Bibiani mine has the potential to increase both its
reserves and production capacity above current projections. The main Bibiani
mine ore body was mined by conventional mining methods down to 24 level (720m
below surface) from the early 1900s to the late 1960s. During this time it was
recorded that approximately 2 million oz were recovered from 7 million tonnes of
extracted material at a reported recovered grade of 9.0 g/t Au. The same ore
body was further mined by open pit methods by Ashanti Gold Corporation and
latterly AngloGold Ashanti ("AGA") through the period 1997 to 2005. During this
time the Bibiani mine main pit was developed from surface to a depth of 150m
over a strike length of approximately 800m yielding 1.66 million oz from
approximately 15 million tonnes or ore. In addition there are positive drill
hole intersections to a depth of 800m below surface. The available high density
evaluation data from the open pit mining (pre-mining drilling and in-pit grade
control) has been incorporated into the CAG geological modelling. Structural
mapping is continuing to glean more detail on the controls on mineralisation.
The remodelling of the Bibiani mine ore body as well as the extent of previous
high grade stoping at a 7.0 g/t Au cutoff (800m below surface) and open pit
mining (150m below surface) has confirmed to management that the widths and
grades experienced by AGA while mining the open pit continue through the
vertical extent of the ore body. The bulk of underground evaluation data exists
between 6 and 9 level (180m to 270m below surface) and confirms mineralised
widths of 15m to 40m and a grade of approximately 4.00 g/t Au at a 2.00 g/t Au
resource cutoff. The planned Phase II programme of underground mapping and
drilling will provide pre-mining resource conversion between 6 and 9 levels (180
to 270m below surface) along strike, as well as exploration between 9 and 12
level (270 to 360m below surface).

Management expect the Company to achieve gold production at the Bibiani mine
from tailings at an annualised rate of 40,000 oz in FY2007. Production from
underground development is planned to commence in Q3 2007 and underground
stoping production is expected to reach an annualised rate of 110,000 oz in Q3
2008. Surface drilling commenced in January 2007 with the initial priorities
being dip and strike extensions of five satellite pits that were mined during
2005 to a depth of approximately 30m.

Chief Executive, Greg Hunter, said, "The ongoing reserve and resource base
enhancement and positive outcome of a mine planning and scheduling process
continues to confirm our rationale for the acquisition of the Bibiani mine and
we are confident and excited by the opportunity to rapidly turn on production by
Q3 2007. We have drilled over 3,000m of an approximately 15,000m surface
drilling programme and we expect to commence underground drilling in Q2 of this
year."

The Ore Reserves and Mineral Resources have been prepared by the company's
Competent Person who is duly registered with the South African Council for
Natural Scientific Professions ("SACNASP") as required by the AIM Rules.
SACNASP is synonymous with the Joint Ore Reserves Code ("JORC"), which is the
Australasian equivalent to the South African Mineral Resources Code ("SAMREC")
prepared under the auspices of the Australasian Institute of Mining and
Metallurgy ("AusIMM"). The SAMREC Code and SACNASP are officially recognised on
a reciprocal basis by AusIMM. This ensures that the Mineral Resource statements
are compliant with the JORC. The company's Competent Person has taken into
account the JORC definitions and the Ore Reserves and Mineral Resources reported
here are considered to be fully compliant in all material respects with the
requirements of JORC. The Ore Reserve quantities and qualities were
independently reviewed by Ukwazi Mining (Pty) Ltd., whilst Snowden Mining
Consultants Pty Ltd ratified the mineral resource estimation procedures.

* * ENDS * *


For further information please contact or visit www.centralafricangold.com or
contact:

Greg Hunter Central African Gold Plc Tel: [phone]

Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Simon Raggett Strand Partners Limited Tel: [phone]


Notes to Editors:

CAG, admitted to AIM in April 2004, was established to acquire gold assets with
a geographical focus on Africa. The Company has established a sound portfolio
with projects in Ghana, Mali and Botswana. It has a highly experienced
management team, which has worked together for four years managing six
underground greenstone gold mining operations and building exploration
portfolios.

CAG's portfolio includes the producing Bibiani gold mine and prospecting
licences in Ghana, which it acquired from AngloGold Ashanti Limited, two joint
ventures in Mali covering 23 prospective permits and licences in Botswana
covering the extension of the Kraaipan greenstone belt from South Africa. The
directors are evaluating additional prospects in Africa to establish CAG as a
leading mid-tier African gold producer with world class exploration and
production assets.




This information is provided by RNS
The company news service from the London Stock Exchange

END

[Scheich2000]

Schönes Plus bis jetzt

[Scheich2000]

Jemand hier???

[Scheich2000]

Mal wieder eine News:

RNS Number:8286R
Central African Gold PLC
26 February 2007


Central African Gold Plc / Ticker: CAN / Market: AIM / Sector: Gold Mining


26th February 2006


Central African Gold Plc ("CAG" or "the Company")

Adds 2.48 million oz gold to resource base through acquisition of the gold
mining assets of Falgold and Olympus in Zimbabwe


Central African Gold Plc, the AIM quoted gold mining and exploration company, is
acquiring an 84.7% interest in Falcon Gold Zimbabwe Limited ("Falgold") and the
entire issued share capital of Olympus Gold Mines Limited ("Olympus"), two
Zimbabwean based gold operations for an aggregate consideration of approximately
US$6.2 million (approximately £3.2 million) to be satisfied by a combination of
cash and shares. These transactions will be effective 1 March 2007. The
acquisitions are in line with the Company's strategy of becoming a leading
mid-tier operating gold company, with an initial target of circa 200,000 ounces
of annualised low-cost gold production and 7.5 million ounces of resource by the
end of 2008.


Falgold and Olympus are gold mining companies with the rights to extensive claim
areas located throughout Zimbabwe, with exploration properties and mining
activities centred on the Kadoma, Shurugwe and Bulawayo regions. The combined
resource estimates for both operations stands at 2.48 million oz gold ("Au")
with JORC compliant reserves of 632,000 oz Au. In the financial year to 31
September 2006 both companies combined generated turnover of ZIM$1.83 billion
(approximately £3.75 million) and an attributable net profit of ZIM$199.7
million (approximately £409,045) having produced 21,031.5 oz Au. (Due to
hyperinflation in Zimbabwe investors should be aware that conversion rates from
Zimbabwe Dollars to Pounds Sterling are likely to vary materially).


Following the completion of these acquisitions, the Company intends to initiate
a process of revising and updating the mineral resource estimates and ore
reserve classification as well as applying modern and efficient mining
techniques to improve the productivity and profitability of the operations.
Falgold, listed on the Zimbabwe Stock Exchange, and Olympus, which is an
unlisted private company, share the same management and majority shareholders.
It is CAG's intention to incorporate Olympus into Falgold, which will remain
listed. The Company believes the listing gives the people of Zimbabwe access to
an exciting company and sector of their economy. CAG continues to actively
engage with the Reserve Bank of Zimbabwe, Ministry of Mines and Zimbabwe Stock
Exchange to ensure that Falgold is able to function effectively and efficiently.


Falgold operations:

•The Falgold operation includes the Dalny mine which is situated 36 km
north of Kadoma in the Chakari district (approximately 175 km south-west of
the capital, Harare). On current reserves it has an estimated life of mine
of approximately six years as an underground operation plus an additional
one year of tailings recovery. The Company believes that significant
potential exists for the development of an open pit, low grade, bulk-mining
operation within the greater Dalny shear zone.


•The Golden Quarry mine is situated approximately 30 km south east of the
town of Gweru (approximately 180 km north-east of Bulawayo) and consists of
an operational underground mine with a dedicated milling circuit and
beneficiation plant.


•The Venice mine, which has a wide range of exploration targets, is
located approximately 28 km south of Kadoma and is currently on care and
maintenance. The mine has a modern metallurgical facility that has capacity
to process 18,000 tonnes of ore per month. This area is a high priority
target for the Company in terms of exploration potential.


Olympus operations:


•Olympus operates the Old Nic mine near Bulawayo, one of the oldest gold
mines in Matabeleland. The mine currently has an estimated two year life,
although the Company believes this could be extended with additional
exploration.


•Olympus also holds the rights to the Camperdown mine located on claims to
the north east of Shurugwi approximately 30 km south east of Gweru.
Production is sourced from a dual open pit and underground operation with a
life of mine of approximately seven years. The Camperdown mine is a high
priority for the Company for a fast tracked exploration and mine development
programme.


While Falgold and Olympus have been valued on properties and operations that
have mineral assets with defined mineral resources and ore reserves, the two
companies have significant additional ground holdings covering approximately
12,300 hectares that were not included in the valuation but are considered to be
geologically prospective. A Competent Person's Report, commissioned by the
Company, indicates that with the requisite work, these additional properties
could add material value to both Falgold and Olympus.


Current JORC compliant mineral resource estimates for Falgold and Olympus:

Summary of Mineral Resources and Mineral Reserves as at 30 September 2006
Mineral Resources Ore Reserves
Category t ('000) g/t Au oz. ('000) Category t ('000) g/t Au oz. ('000)

Measured 24,860 1.32 1,057 Proved 7,150 1.06 244
Indicated 6,606 2.41 512 Probable 4,237 2.85 388
Inferred 12,213 2.32 909
Total 43,679 1.76 2,478 Total 11,387 1.73 632
*Mineral Resources inclusive of Ore Reserves


The reserves and resources are a combination of surface sources (open pit and
rock dump/slimes) and underground sources. At the Dalny mine complex, the
underground reserve is 640,000 tonnes at a grade of 8.07g/t Au, while at the
Venice mine complex the reserve is 274,000 tonnes at a grade of 7.27g/t Au. In
both cases there are significant tonnages in the resource category grading at
between 4.5g/t Au and 5g/t Au.

CAG Attributable Mineral Resources and Ore Reserves
Mineral Resources Ore Reserves
Mineral Asset Equity Total Attributable Total Attributable
% koz koz Au koz Au koz Au
Falgold 85% 2,067 1,757 366 311
Olympus 100% 410 410 266 266
Total 2,477 2,167 632 577


CAG's CEO Greg Hunter said, "The acquisition of a second producing asset in
arguably one of the highest gold endowed Achaean greenstone belts in the world,
allows us to rapidly leverage our position up the value curve for our
shareholders in an attractive gold price environment. Coupled with a significant
reserve and resource base, the acquisition complements our gold production
profile and strategy in Ghana. The "blue sky" component of this acquisition also
complements the greenfield exploration portfolio being established in Mali and
Botswana.


"As a team we have a track record of successfully operating in Zimbabwe, a
country we believe is geologically exciting, has good infrastructure, a solid
skills base and easy access given its proximity to South Africa. This
transaction gives us a foothold in a country that ranks third behind South
Africa and Ghana in total historic gold production and comes with production
that can be ramped up in short order with a nominal capital injection, an
experienced operating team and an impressive footprint in terms of exploration
potential."


The aggregate consideration of approximately US$6.2 million (approximately £3.2
million) for the acquisition will be satisfied via US$ 4.5 million
(approximately £2.3 million) in cash and the balance through the issue of
9,000,000 new Ordinary Shares in the Company at 9.64 pence per share.
Application has been made for the new Ordinary Shares to be admitted to AIM on 1
March 2007. The new Ordinary Shares will rank pari passu with the existing
ordinary shares in the Company.


The £:US$ exchange rate is using an exchange rate of £1 equals US$1.9525 and
taken from the Bank of England website as at 22 February 2007. The £:ZIM$
exchange rate is using an exchange rate of £1 equals ZIM$488.21 taken from the
Reserve Bank of Zimbabwe website as at 22 February 2007.


Conference call and webcast:

Shareholders are invited to participate in a conference call or audio webcast
where CEO, Greg Hunter, will brief them on the transaction. Conference call
participants will be given the opportunity to ask questions.


Monday, 26 February 2007 London: 14:00 - Johannesburg: 16:00

The webcast can be accessed at either:

www.cag.com or at www.corpcam.com/CAG26022007


To access the live conference call toll-free, dial:

UK 0800 917 7042

CANADA 1 866 519 5086

South Africa 0800 200 648

USA 1800 860 2442


A playback of the conference call will be available at:

UK 0808 234 6771

South Africa & Other [phone]

USA 412 317 0088

The playback code for this call is 2542#


* * ENDS * *


For further information please contact or visit www.centralafricangold.com or
contact:

Greg Hunter Central African Gold Plc Tel: [phone]


In London:

Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Simon Raggett Strand Partners Limited Tel: [phone]
Braden Saunders Strand Partners Limited Tel: [phone]

In South Africa:
Nicole Broome Central African Gold Tel [phone]
Mobile [phone]
Charmane Russell Russell and Associates Tel: + 27 11 880 3924 (Tel)
Mobile + 27 82 372 5816


Notes to Editors:

Central African Gold Plc, admitted to AIM in April 2004, was established to
acquire gold assets with a geographical focus on Africa. The Company has
established a sound portfolio with projects in Ghana, Mali and Botswana. It has
a highly experienced management team, which has worked together for four years
managing six underground greenstone gold mining operations and building
exploration portfolios.


CAG's portfolio includes the producing Bibiani gold mine and prospecting
licences in Ghana, which it acquired from AngloGold Ashanti Ltd, two joint
ventures in Mali covering 23 prospective permits and licences in Botswana
covering the extension of the Kraaipan greenstone belt from South Africa. The
directors are evaluating additional prospects in Africa to establish CAG as a
leading mid-tier African gold producer with world class exploration and
production assets.



This information is provided by RNS
The company news service from the London Stock Exchange

END

[Scheich2000]

Heute mal wieder eine News:



Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining



17th May 2007

Central African Gold Plc (“CAG” or “the Company”)

Regional Gold Exploration on Mali Properties Delivers Exciting Results



Central African Gold Plc, the AIM traded gold mining and exploration company, is pleased to announce results from its first phase of systematic gold exploration on 22 properties covering 2,864 km² in the prospective Birimian strata in west and south Mali and the Keniéba district in west Mali.



Highlights:



Over 10,700 assays effected to date


39 follow-up gold targets identified, of which 16 are being prioritised


A number of clustered and structurally controlled Au anomalies isolated


Yanfolila district highly encouraging with a number of 2-7km long clustered gold-in-soil anomalies


Greg Hunter, CEO of CAG, commented: “These are highly encouraging results, having yielded multiple gold targets which we aim to advance as soon as possible. In a short space of time, we have made great progress with the development of our Malian portfolio, which is giving us all the right signs in terms of being able to deliver into CAG’s growth strategy. We are rapidly increasing the resource base of the Company which we hope will be further increased with the arrival of Richard Dahl (Exploration Manager, Mali) to assist the existing exploration team on the ground. We have great confidence in the portfolio and our determination to fast track our targets given the results we have achieved and we look forward to publishing further results and increasing our confidence in Mali.”



Geological details:



Exploration, currently conducted by two CAG subsidiary companies, Mali Goldfields and Songhoi Ressources SA, has been undertaken on all of the properties. A reverse circulation (“RC”) and diamond drilling (“DD”) programme is at an advanced stage on the Medinandi Project (Songhoi Ressources SA) in west Mali, and significant drill results will be announced in a separate update in the near future.



Exploration on the other 22 properties has been based on initial desktop and regional data collation studies as well as field reconnaissance work conducted during 2006 and early 2007. This work has involved infill soil and termite sampling programmes on sub-regional infill grids (either 1000m x 200m or 500m x 100m sampling spacing) producing over 10,700 assays to date:





CENTRAL AFRICAN GOLD MALI EXPLORATION











Property
District
Area
Geochem Sampling

Assay



Km²
Soil
Termite
QA QC
Total

Mali Goldfields







Mali South







Mandiéla
Yanfolila
201
594
3
18
615

Sankana
Yanfolila
250
1528
25
44
1597

Sansandou
Yanfolila
27
222
19
6
247

Farani
Yanfolila
26
296
14
10
320

Gouenso
Yanfolila
190
1124
116
28
1268

Ourou-Ourou
Yanfolila
26
709
84
21
814

Yanfolila
Yanfolila
348
194
being processed

194

Nounfara
Yanfolila
44
in progress
47

47

Diossyan
Bougouni
248
660
0
23
683

N'Tébougou
Bougouni
160
384
9
12
405

Timpola
Bougouni
199
in progress


0

Zamblena
Bougouni
101
716
0
23
739

Hérémakono
Kangaba
37
in progress


0

Kourémalé-Nord
Kangaba
8
in progress


0

Djinétoumanina
Bagoe
250
in progress


0

Fakola 1
Bagoe
250
1305
being processed

1305

Kalana-Sud
Bagoe
113
672
116
61
849

Mali West







Serinati
Kayes
138
520
0
35
555

Mankouké-Ouest
Kéniéba
50
310
6
20
336

Babara
Kéniéba
30
160
0
16
176









Songhoi Ressources SA






Mali West







Ouiga Nord
Kéniéba
100
477

20
497

Diangounte
Kéniéba
69
86
0
6
92









TOTAL

2,864
9,957
439
343
10,739






This systematic geochemical survey has identified a number of significant targets for follow-up. In particular the anomalies generated in the Yanfolila district in south Mali are very encouraging with a number of 2-7km long clustered Au-in-soil anomalies (100-500 ppb Au) delineated along targeted regional structures and geological contacts.



CENTRAL AFRICAN GOLD MALI EXPLORATION


Property
District

Follow-up Targets
Comment



MALI GOLDFIELDS SA

Mali South

No
Strike


Mandiéla
Yanfolila
3
each 3 - 6 km
100-300 ppb Au on N-S and NE regional structures

Sankana
Yanfolila
2
each ~ 7 km
Significant 100-600 ppb Au clusters on N-S & NNE structures/contacts

Farani - Sansandou
Yanfolila
3
each > 2 km
> 100 ppb Au clusters on N-S and NNW structures

Gouenso
Yanfolila
1
~ 4 km
> 200 ppb Au cluster on NE trending structures

Ourou-Ourou
Yanfolila
3
~ 3 km
> 100 ppb Au clusters on NE structures

Yanfolila
Yanfolila


In progress

Nounfara
Yanfolila


Results being processed

Diossyan
Bougouni
4
each > 2 km
100-300 ppb Au on NNW regional structures

N'Tébougou
Bougouni
2
each ~4km
>100 ppb Au clusters on NW & N-S structures & granite-metased contact

Timpola
Bougouni


In progress

Zamblena
Bougouni
4
1-2 km
4 clusters >200 ppb

Hérémakono
Kangaba
1
~3 km
Cluster of >100 ppb Au

Kourémalé-Nord
Kangaba
2
~ 500m
2 spot anomalies on NE trending structures

Djinétoumanina
Bagoe


Results being processed

Fakola 1
Bagoe


Results being processed

Kalana-Sud
Bagoe


Results being processed

Mali West

Serinati
Kayes
3
~ 2 km
Low level Au-As anomalism

Babara
Kéniéba
2
> 2 km
>100 ppb Au clusters with associated As & Cu anomalism

Mankouké-Ouest
Kéniéba
2
1-3 km
> 100 ppb clusters on N-S structures







SONGHOI RESSOURCES SA

Mali West

Medinandi
Kéniéba
5
1-3 km
Current RC and DDH programme, separate report

Ouiga Nord
Kayes
1
~ 4 km
Cluster >100 ppb Au on NW structure

Diangounte
Kayes
1
~ 1 km
Cluster >100 ppb Au on intersection of N-S / NE structure




A total of 39 follow-up targets have been identified, of which 16 are being prioritised, specifically those on the Mandiela, Sankana, Guenso, Diossyan, N’tebougou and Zamblena properties.



The next phase of field investigations will involve more detailed structural and geological interpretations, close-spaced infill soil geochemistry and if warranted ground geophysical surveys. This work is aimed at providing positive results in order to design a reconnaissance programme of rotary air blast (“RAB”)/RC and or DD drilling.



Phil Bentley, CAG’s Group Geology and Exploration Manager commented that: “The results to date are significant, bearing in mind the difficulties in “seeing” through the extensive ferricrete regolith cover so common in Mali. Furthermore, the results underline the value of regional remote sensing, satellite image and structural interpretation, coupled with collation of existing exploration data, skills which CAG possess in-house and have resulted in the fast tracking of the field programmes”.



The positive results from the geochemical programmes also support CAG’s continued assessment of the geotectonic setting of the Birimian strata, providing a basis for delineating regional scale corridors with gold mineralisation potential that exists in south and west Mali which is one of the most prospective, under-explored gold terranes in Africa and boasts some of the lowest-cost gold mines in the world.



Mr Bentley added: “We will continue to hone our target parameters, but this phase of work has definitely come up trumps with the isolation of some excellent clustered and structurally controlled Au anomalies. The Sankana (two anomalies, each ~7km in strike), Mandiela (three anomalies between 3-6km in strike), Guenso and N’tebougou (a number of anomalies ~4km in strike) properties are targets that may yield sustainable economic mineralisation”.



CAG is also conducting exploration in Ghana at the Bibiani mine site (RC and DD programme), Botswana (regional work on the extension of the Archean Kraaipan greenstone belt from South Africa), as well as initiating fieldwork in Zimbabwe proximal to existing mining operations at Camperdown and Dalny/Venice mines.



* * ENDS * *



For further information please contact or visit www.centralafricangold.com or contact:



Greg Hunter Central African Gold Plc Tel: [phone]



In London:

Hugo de Salis St Brides Media & Finance Ltd Tel: [phone]

Felicity Edwards St Brides Media & Finance Ltd Tel: [phone]

Simon Raggett Strand Partners Limited Tel: [phone]

Braden Saunders Strand Partners Limited Tel: [phone]



In South Africa:

Nicole Broome Central African Gold Tel: [phone]

Mobile [phone]

Charmane Russell Russell and Associates Tel: + 27 11 880 3924 (Tel)

Mobile + 27 82 372 5816



Notes to Editors:

Central African Gold Plc, admitted to AIM in April 2004, was established to acquire gold assets with a geographical focus on Africa. The Company has established a sound portfolio with projects in Ghana, Mali and Botswana. It has a highly experienced management team, which has worked together for four years managing six underground greenstone gold mining operations and building exploration portfolios.



CAG’s portfolio includes the producing Bibiani gold mine and prospecting licences in Ghana, which it acquired from AngloGold Ashanti Ltd, two joint ventures in Mali covering 23 prospective permits and licences in Botswana covering the extension of the Kraaipan greenstone belt from South Africa. The directors are evaluating additional prospects in Africa to establish CAG as a leading mid-tier African gold producer with world class exploration and production assets.



END

[Scheich2000]

Schade immer noch keiner hier.

[Scheich2000]

Naja, immerhin geht es in London ein wenig nach oben.
Die News scheint ganz ok gewesen zu sein.

[Scheich2000]

Hoffe mal das auch in Deutschland langsam mal ein wenig Umsatz zustande kommt.

Kann mir mal jemand sagen warum hier überhaupt so viele Firmen an der Börse gelistet sind, wo eh fast nie Umsatz stattfindet?
Wäre doch besser wenn die nur an der Heimatbörse gelistet sind oder dort wo Umsatz ist, finde ich.

[Enfido]

Hallo Scheich

Leider scheint sich sehr wenig zu bewegen.

Bei Perseus in der ich schon lange drin bin fährt der Zug gerade los.

Guck mal.

Gruß Enfido

[Scheich2000]

hey Enfido,

danke für dein statement.
Bist Du denn auch in Central African Gold investiert bzw verfolgst Du die Story?

Gruß Scheich

[Enfido]

Hallo Scheich

wie schon mal bestätigt halte ich noch eine Pos,
bin bei 0,04 rein und schon lange drin.
Leider ist wie schon oft erwähnt keine Nachrichten zu bekommen.
Für mich deshalb eventuell ein Ausstieg.
Oder hast du Argumente warum man noch eine weile drin bleiben sollte?
Bin bestimmt kei Zocker.
Aber ich denke nach.

Mfg

Enfido

[Scheich2000]

Antwort auf Beitrag Nr.: 29.442.579 von Enfido am 23.05.07 21:20:44

Hey Enfido,

also habe z.Zt. keine Argumente.
Ich werde aber weiterhin abwarten.
Bei Central African Mining, ging ja auch aufeinmal die Post ab.
Hoffe das passiert hier auch.

Gruß Scheich

[Scheich2000]

Heute mal wieder eine News:

Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

29th May 2007



Central African Gold Plc (“CAG” or “the Company”)



Discovers new gold mineralisation zones and

establishes 504,809 oz Au mineral resource estimate at Medinandi, west Mali



Central African Gold Plc, the AIM traded gold mining and exploration company, is pleased to announce positive results from its initial phase of Reverse Circulation (“RC”) drilling at the circa 154 km 2 Medinandi permit, in west Mali.



Highlights:



8,300m Reverse Circulation (“RC”) drilling completed
Fadougou Main Zone Indicated and Inferred mineral resource estimate 3.45 mt @ 4.55 g/t Au for 504,809 oz Au (JORC compliant)
Geological continuity of one zone of mineralisation established over more than 2,500m of strike
First phase of Diamond Core Drilling (“DD”) in progress
Mineralisation open-ended along strike in both directions and down dip
Additional new gold discovery at Medinandi prospect – 20 intersections > 1 g/t Au over a 1,500m strike, including 4m @ 12.35 g/t Au
Induced Polarization (“IP”) surveys in progress, confirming very high resistivity and chargeability anomalies
Five additional targets identified for follow-up work


Greg Hunter, CEO of CAG, commented, “This resource estimate for the Fadougou Main Zone on the Medinandi permit in Mali reinforces our belief that the concession area is both highly prospective and ultimately may have significant production potential. The resource estimate of in excess of 500,000 oz of gold grading 4.55 g/t gold is preliminary and with additional drilling we envisage an increase. Additionally, further gold anomalies for follow-up have been identified, which underpin our belief that the area is host to a significant economic gold system.”



Background:



The Medinandi permit is situated in the southern part of the Keniéba window of lower Proterozoic age Birimian strata in west Mali, roughly 40km south-west of the town of Keniéba. The property locates over structural splays from the Senegal-Mali shear zone, which is associated with major gold deposits in the area such as Sadiola and Loulo/Yalea.



Previous drilling (Sonarem, AZCO/WAG) delineated a zone of mineralisation at Medinandi, which is in excess of 3,000m in strike. Mineralised intersections indicated a zone averaging three metres wide at an average grade of 9.7 g/t Au, resulting in a non-compliant mineral resource estimate to a shallow depth in excess of 100,000 oz Au.



CAG’s Phase 1 drilling programme has focused on three aspects: the validation and extension of the 3,000m Fadougou Main Zone target, subsurface investigation of an adjacent 2,000m robust Au-in-soil geochemical anomaly and initial validation of certain new structural targets in the area identified from the target prioritisation exercise.



Fadougou Main Zone:



The 28 RC boreholes totalling for 2,925m completed to date have confirmed multiple zones of predominantly narrow (average three metres) but high grade gold mineralisation with peak assays of +100 g/t Au mineralisation. Host rocks are predominantly a metasedimentary package comprising pelites, psammites and subordinate carbonaceous shale. This package has been intruded by diorite-granodiorite, quartz-porphyry and mafic sills and dykes. The geological/structural controls are complex, but current ongoing interpretations being progressed suggest the mineralisation has been localised on limbs of recumbent folds, and significant widths formed proximal to the axial plane and/or nose of the structure. There is growing evidence of broader (+15m) zones at both the northern and southern extremities, which will be tested by future drilling.



Highlights (RC drilling)

Borehole ID
From
To
Metres
Average Au g/t

MFRD-1
29
42
13
7.00

MFRD-6
78
79
1
4.45

MFRC-2
13
21
8
2.88

MFRC-2
13
15
2
5.75

MFRC-2
18
20
2
5.46

MFRC-7
106
107
1
4.74

MFRC-8
3
5
2
2.75

MFRC-8
25
27
2
3.15

MFRC-10
28
30
2
35.57

MFRC-11
36
38
2
2.05

MFRC-17
89
97
8
1.61

MFRC-17
89
92
3
3.76

MFRC-18
34
36
2
6.60

MFRC-21
72
73
1
11.95

MFRC-21
84
85
1
5.02

MFRC-26
107
116
9
2.10






The first pass RC programme has in-filled the 3,000m strike extent on a heel-toe basis. It also tested northern strike extensions. The mineralisation style varies between zones of quartz veining, brecciated host rock with quartz and sulphide impregnation, and quartz-stockworks. Broad zones of sulphide replacement have also been intersected, predominantly pyrite and some pyrrhotite. There are clearly at least two or more deformation events and gold mineralisation appears to be linked to one of the later events, where the structural preparation of the rocks has created favourable sites for mineralisation.



Fadougou Main Zone Preliminary Mineral Resource Estimate:



CAG has undertaken a preliminary mineral resource estimate of the Fadougou main zone based on forty-two boreholes (28 current and 14 historic). Borehole intercepts and heel-toe lines were executed generally 80m apart, and geological continuity of one zone of mineralisation has been established over more than 2,500m of strike. This zone is open along strike and at depth. There are three sub-parallel zones that are also open on strike and at depth.



The Fadougou Main Zone has been modelled to a depth of 120m. A wireframed model at a 1.0 g/t Au cut-off and capped at 80 g/t Au (< 97% percentile) was generated for Indicated resources, and an unconstrained solids model at a 1.0 g/t Au cut-off established for other zones. A specific gravity of 2.75 was used in the tonnage estimate, but requires empirical ratification from diamond core analyses. The mineral resource estimate is shown below, and totals 3.45 million tons at 4.55 g/t Au for 505 koz Au.



Fadougou Main Zone mineral resources

1.0g/t cut
Tons
Au g/t
Au Oz

Indicated
341,198
4.25
46,669

Inferred
3,111,428
4.58
458,140

Total
3,452,626
4.55
504,809




Assays were conducted at the Analabs (Kayes) laboratory in west Mali. All samples were split and a 50g sample fire assayed. Blank and duplicate samples were submitted for Quality Control purposes every 20 samples.



A first phase of DD has been initiated on the Fadougou Main Zone, and 15 of 16 holes have been drilled to date. These boreholes will enable a better understanding of the geological and structural controls of mineralisation. A further phase of shallow RC drilling is also being evaluated, as there are both strike extensions and sub-parallel mineralised zones that require further evaluation.



Medinandi Prospect:



This target, located circa 1.5 km north-west of the Fadougou Main Zone, comprises a coherent gold-in-soil geochemical anomaly (peak value >3 g/t Au) over 2,000m in strike. There is no exposure in the area, with two surfaces of ferricrete up to five metres thick obscuring outcrop. Initial remote sensing and ASTER imagery structural interpretations indicated the possibility of multiple structures striking north-east. The structural and geological setting of the target has been initially tested with three lines of shallow heel-toe RC drilling covering circa 1500m in width and circa 1500m of strike. There have been 176 RC boreholes totalling 4,791m that have been completed to date. A number of intersections have been received confirming the geochemical anomaly, and will be subject to follow-up drilling.



Highlights (0.5 g/t Au cut-off)

Borehole ID
From
To
Metres


Average Au g/t

MPRC-169
8
9
1
14.45

MPRC-84
16
20
4
12.35

MPRC-84
65
66
1
9.30

MPRC-130
11
13
2
3.11

MPRC-68
17
18
1
2.27

MPRC-80
14
15
1
2.04

MPRC-59
18
19
1
1.71

MPRC-2
5
6
1
1.63

MPRC-61
2
3
1
1.56

MPRC-82
52
53
1
1.50

MPRC-141
11
12
1
1.43

MPRC-86
5
6
1
1.37

MPRC-45
16
17
1
1.20

MPRC-38
17
18
1
1.16

MPRC-60
8
12
4
1.14

MPRC-82
2
3
1
1.10

MPRC-47
12
13
1
1.09

MPRC-87
26
27
1
1.07

MPRC-123
4
6
2
1.05

MPRC-92
22
23
1
1.03




The geological and structural setting of the Medinandi prospect continues to be evaluated. A significant aspect is the ratification of the source of the geochemical anomaly over a strike length of 1,500m. There are multiple mineralised zones, although they tend to be narrow, indicate a clear presence of strong gold mineralisation. Further DD and some infill RC boreholes are planned to be effected before the end of this field season (July 2007).



Geophysical Surveys:



High Resolution Induced Polarisation (“HIRIP”) surveys have also been completed over certain zones of the Fadougou Main Zone (4 lines) and Medinandi prospect (9 lines). This highly effective geophysical technique measures the resistivity and chargeability properties of the strata accurately down to 200m below surface. Resistivity anomalies in gold bearing environments are generally linked to silicification (quartz veining, stockwork veining). Chargeability anomalies can be a result of sulphide mineralisation, carbonaceous shale or mafic intrusions.



Significant anomalies have been detected at both target areas and the initial core drilling at Fadougou Main Zone has indicated significant zones of sulphidation, local quartz veining and host rock brecciation, as well as a complex suite of intrusive rocks. The high resistivity and chargeability zones are being modelled with a view to delineating zones of combined silicification, stockwork veining and sulphidation. A broader scale gradient array Induced Polarisation (“IP”) survey is currently underway, testing other structural targets.



Phil Bentley, CAG’s Group Manager for Geology and Exploration commented, “We are very pleased with the results to date. The drill programme has been deliberately aggressive, and has already born fruit with the resources at Fadougou Main Zone and the new discovery at the Medinandi prospect. Our structural understanding of the area is developing rapidly, and there are clear indications that we are in a strongly mineralised system. There are many similarities with the multi-million ounce mineralisation in the Loulo Camp, 60km north of us. Importantly, we now have definitive mineralised zones to investigate, with a huge upside to be evaluated. The team is looking forward to an exciting period of sustained exploration.”



Other targets:



CAG believe that the Medinandi permit has significant further potential for the discovery of new mineralised zones existing below areas of extensive laterite. Future exploration phases will include a shallow RC drill programme to explore below the thin (5-7m) overburdern/ ferricrete/ laterite. There are already four walk-up surface targets at Tintiba, Bakalobi, Betakili and Termite that were delineated by previous exploration. The priority targets for a phase of shallow RC drilling are Tintiba and Bakalobi.



At Tintiba, two trenches 120 meters apart returned 14m grading 5.44 g/t Au and 8m grading 5.54 g/t Au, while pits in the area returned individual gold values well in excess of 2.5 g/t Au, with peaks of +30 g/t Au. The mineralisation is poorly understood, but appears to be related to narrow structures trending north 80 degrees, with shallow dips towards the south.



At Bakolobi, a north-south trending mineralised structure was identified over 700m of strike. The structure occurs in sheared quartzites and porphyries. Gold grades vary between 1 and 4g/t over widths in the range of 4m to 16m.



Competent Person:



Mr Phil Bentley (MSc, MSC (Minex), Pr Nat. Sci) is CAG’s competent person in respect of ore reserve and mineral resource estimations. Mr Bentley has overseen the borehole planning and sampling and logging process, including submission of blanks and duplicates to Analabs (Kayes) for Quality Control purposes. He has also overseen the geological modelling and mineral resource estimation conducted in SURPAC. The stated mineral resource classifications are JORC compliant.



CAG in Mali:



The Medinandi Permit is one of three gold exploration permits located in the prospective Keniéba window, which constitute the Mani SARL joint venture entered into by CAG in July 2006. Under the terms of the agreement, CAG will fund exploration on the three properties through a joint venture company Songhoi Ressources SA, of which CAG holds 80% equity.



Elsewhere, CAG manages Mali Goldfields with UNOMIN, where a package of 20 permits covering over 2,500 sq km in south and west Mali is subject to certain follow-up exploration programmes during the 2007 field season.



CAG is also conducting exploration in Ghana at the Bibiani mine site (RC and DD programme), Botswana (regional work on the extension of the Archean Kraaipan greenstone belt from South Africa), as well as initiating fieldwork in Zimbabwe proximal to existing mining operations at Camperdown and Dalny/Venice mines.





* * ENDS * *



For further information please contact or visit www.centralafricangold.com or contact:



Central African Gold Plc

Greg Hunter Tel: [phone]



In London:

St Brides Media & Finance Ltd

Hugo de Salis/ Felicity Edwards Tel: [phone]



Strand Partners Limited

Simon Raggett /Braden Saunders Tel: [phone]



In South Africa:

Central African Gold

Nicole Broome Tel: [phone]

Mob: [phone]



Russell and Associates

Charmane Russell Tel: + 27 11 880 3924

Mob: + 27 82 372 5816



Notes to Editors:

Central African Gold Plc, admitted to AIM in April 2004, was established to acquire gold assets with a geographical focus on Africa. The Company has established a sound portfolio with projects in Ghana, Mali, Zimbabwe and Botswana. It has a highly experienced management team, which has worked together for four years managing six underground greenstone gold mining operations and building exploration portfolios.



CAG’s portfolio includes the producing Bibiani gold mine and prospecting licences in Ghana, which it acquired from AngloGold Ashanti Ltd, two joint ventures in Mali covering 23 prospective permits and licences in Botswana covering the extension of the Kraaipan greenstone belt from South Africa. CAG recently acquired five mines and extensive exploration properties in Zimbabwe. The directors are evaluating additional prospects in Africa to establish CAG as a leading mid-tier African gold producer with world class exploration and production assets.





END

[Scheich2000]

Also ich fánd die News ganz gut, nur leider hat sie dem Kurs nicht geholfen. Aber bin zufrieden das mittlerweile ja so einige News erscheinen.