FOR IMMEDIATE RELEASE
Tuesday, February 21, 2012
Johannesburg, South Africa, Harare, Zimbabwe, Vienna, Austria, Tokyo, Japan – February 21, 2012 – African Compass International Limited (“ACI” or the “Company”), today announced its Europe International Representative, met in Vienna, Austria with a representative of a potential off-taker on the Zimbabwe tungsten mining project. The meeting discussions centered amongst others the progress ACI was making in securing funding for its primary tungsten Garahanga Karoi project and samples ACI sent with respect to levels of radiation and As, as well as Pb content.
The samples results tested were said to be positive as the common pollutants (Pb, As and others) were found to be at low levels and as part of the samples were outsourced for external radiation assay to Actlabs of Canada, in light of the quantity ACI had sent due to government restrictions on sample amounts and the results were due to 2-3 weeks.
The meeting concluded with potential off-taker representative reiterating that they could well be interested in cooperation with ACI on its tungsten project. Some of the suggestions raised was the advancing of artisanal production to a stage where one can get a better insight into the deposit and its continuity. In summary, he emphasized that the potential off-taker was definitely open for cooperation with locally owned companies in Africa.
About ACI
African Compass International (“ACI”) is a global diversified private natural resources company in frontier, emerging/established emerging and developed markets. The Group farms, explores, sources, refines and produces, inter alia, agriculture products, base metals, ferrous & non-ferrous metals, minor metals, platinum group metals, precious metals, oil & gas and commercial energy. Our diversified operations in Africa, South America and Eurasia are supported by offices in Austria, Canada, Japan and Zimbabwe. ACI always seeks partnerships with all its stakeholders that will add value to projects at hand based on the core values of honesty, integrity and vision.
Supporting Resources: please visit www.africancompassinternational.com; follow @Afrikancompass on Twitter, or join ACI on LinkedIn.
For and on behalf of the Company’s Board of Directors
Julian RUPARE, Jr.
CEO & Chair
GLOSSARY OF TERMS:
The following are the main terms and abbreviations used in this webnews:
ACI African Compass International Limited and/or its subsidiaries, as appropriate
Actlabs Activation Laboratories Limited Canada
As Arsenic
CEO Chief Executive Officer
CLO Chief Legal Officer
Company African Compass International or African Compass International Limited
COO Chief Operating Officer
Pb Lead
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African Compass International
Johannesburg | Harare | Vienna | Tokyo
Directors J Rupare Jr (CEO) C N Rupare (COO) U Mazunga (CLO)
