Announcements

H1 2011 Company Update

1 August 2011

London Africa Limited is pleased to provide an update on the Company’s activities.

  • Non-brokered financing round at 12.5p / ordinary share raised £1.44m
  • Geotech VTEM airborne survey (over approximately 80% of the licence) completed in June
  • Airborne data currently being processed by Southern Geoscience Consultants in Australia
  • Underlying royalty on the licence area for historical target generation services provided by Mark Broadley & Vincent Campbell settled for shares in the Company
  • Channel sampling and detailed mapping at 1:2000 scale completed at Taninay gold prospect
  • Detailed mapping at 1:2000 scale almost complete at Kofot / Gerger copper-gold prospect. Planned completion Q3 2011
  • Regional sampling / exploration ongoing

Outlook H2 2011 - 2012

  • Drilling scheduled for Taninay & Kofot / Gerger
  • Advanced stage of discussions with a UK Broker to raise funds in Q3 / Q4 and assess listing event
  • Evaluation of opportunities in Sudan and the Kingdom of Saudi Arabia to build a Middle East - North Africa (MENA) focused resource company