StockMarketWire.com - African Battery Metals welcomed an announcement by Katoro Gold about positive soil sampling results at the Haneti nickel project in Tanzania.
African Battery Metals owned 25% of Haneti, with a right to increase its holding to 35% through a cash payment to Katoro of £25k, until 15 May 2020.
'I am delighted to be working with the team at Katoro and congratulate them on an exceptionally good start to the 2019 exploration programme at Haneti,' executive director Paul Johnson said.
'In particular it is notable that the work undertaken has reconfirmed and extended high-profile target areas and also identified a further previously unknown ultramafic target. '
'This triple positive outcome is exciting for ABM as Joint Venture partners with Katoro at Haneti and also for ABM as significant shareholders in Katoro Gold plc itself.'
At 1:51pm: [LON:ABM] African Battery Metals Plc share price was +0.05p at 0.53p
Story provided by StockMarketWire.com
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