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Annual Report and Accounts

18th Sep 2006 07:01

Mwana Africa PLC18 September 2006 PUBLICATION OF ANNUAL REPORT & ACCOUNTS AND NOTICE OF ANNUAL GENERAL MEETING London, 18th September 2006 - Mwana Africa plc ("Mwana" or the "Company") todaysent to shareholders its Annual Report and Accounts for the financial year ended31st March 2006. The Annual Report which is being issued further to theannouncement of the Company's audited full year results reported on 30th August,gives details of: • Mwana's assets in DRC, Ghana and Zimbabwe • Corporate developments since Mwana Africa plc was formed last year • The first phase of the rehabilitation of the Freda Rebecca mine, which will take production to 48,000oz pa gold by the end of 2007 • Access to additional nickel deposits at Bindura Nickel Corporation and mine life extension work being undertaken at the Shangani and Trojan mines • Drilling work begun in Ghana at Ahanta • Cluff Mining (Zimbabwe) Holdings Ltd. (gold) acquisition in December 2005 • Diamond sector acquisitions, of stakes in the DRC's state-owned diamond producer, Societe Miniere de Bakwanga (MIBA), through the purchase of Sibeka, and in Gravity Diamonds • Safety, Health and Environment policy and Community Engagement • Strengthening of the management team through appointment of Ken Owen as Technical Director and Charl du Plessis as Vice President Exploration • Full detail of the financial performance of Mwana The Annual Report is now available online at www.mwanaafrica.com. Additionalcopies may also be requested directly from the Company and will be available atthe Company's registered office, Devon House, 12-15 Dartmouth Street, London,SW1H 9BL from Monday 18th September 2006. Printed copies of the Annual Report have been distributed to shareholderstogether with the Notice of the Annual General Meeting and proxy form. TheAnnual General Meeting will be held at 11.30am on Friday 20th October 2006 atthe offices of Charles Russell Solicitors 8 - 10 New Fetter Lane, London, EC4A1RS. Enquiries: Oliver Baring, Executive Chairman Tel: 020 7654 5588Kalaa Mpinga, Chief ExecutiveMwana Africa plc Tom Randell / Maria Suleymanova Tel: 020 7653 6620Merlin This information is provided by RNS The company news service from the London Stock Exchange

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