- Anglo-African Minerals is encouraged by initial results from the sample analysis for its Toubal bauxite project in Guinea.

The company engaged ALS Minerals in Ireland to undertake the analysis of 10,627 samples from the Toubal project in April.

Initial interim results of the chemical analysis undertaken by ALS Minerals show that Toubal has the potential to produce high grade bauxite with an alumina content of higher that 40% with a low silica content.

Chief executive James Lumley said: "The initial results from ALS Minerals are very encouraging and have highlighted that the Toubal project has the potential to become a world class bauxite deposit.We look forward to updating shareholders once we receive the final analysis results"

At 9:48am: [LON:AAM] Artemis Aim Vct 2 Plc share price was 0p at 63.5p

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