23rd Oct 2023 16:35
African Pioneer PLC - Namibia-focused exploration and development company - Updates in relation to First Quantum Minerals Ltd's option agreement with AFP's 80% owned subsidiary African Pioneer Zambia Ltd. Explains an addendum was agreed on October 20 to the deal which was announced in January. Confirms First Quantum have exercised their option over two out of four licences subject to the option agreement thereby commencing a two year earn-in period. In light of expenditure and work to date, First Quantum has been granted an additional six months to January 17 2024 to incur USD500,000 of exploration expenditure over the other two licences that are the subject of the option agreement. Read More
