TIDMACU

RNS Number : 1240E

African Copper PLC

07 May 2013

7 May 2013

African Copper Plc

(AIM: ACU, BSE: African Copper)

Statement Regarding Share Price Movement

African Copper Plc ("African Copper" or the "Company"), notes the recent movement in the African Copper share price and confirms that it knows of no reason for the movement.

The Company is scheduled to provide its usual quarterly Production Update for the quarter and year ended 31 March 2013 in due course.

For further information please visit www.africancopper.com or contact:

 
 Brad Kipp, Chief Financial Officer   Simon Hudson/Kelsey Traynor 
  African Copper Plc                   Tavistock Communications (PR 
  +1 (416) 847 4866                    and IR) 
  bradk@africancopper.com              +44 (0) 20 7920 3150 
-----------------------------------  ------------------------------ 
 Andrew Chubb/Tarica Mpinga 
  Canaccord Genuity Limited (NOMAD 
  and Broker) 
  +44 (0) 20 7523 8000 
-----------------------------------  ------------------------------

Notes to Editors:

African Copper is an AIM and Botswana listed copper producer and exploration company, currently focused on Botswana. The Company's flagship project is the copper producing open pit Mowana Mine. ACU also owns the rights to the adjacent Thakadu-Makala deposit. Both deposits are situated on the highly prospective Matsitama belt, located close to Botswana's second largest city, Francistown, in the north-eastern part of the country.

This announcement contains forward-looking information. All statements, other than statements of historicalact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, statements regarding progress towards reaching sustained commercial production levels, positive indications at Thakadu of sulphide ore availability, the stage of development and resulting improvements to efficiency relating to planned upgrades are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to failure to convert estimated mineral resources to reserves, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, the possibility that actual circumstances will differ from the estimates and assumptions used in the current Thakadu mining plan, future prices of copper, unexpected increases in capital or operating costs, possible variations in mineral resources, possible delays or ability to contract the necessary transportation arrangements between Thakadu and Mowana, grade or recovery rates, failure of equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental consents, permits, licences and registrations and political risks arising from operating in Africa and changes in regulations affecting the Company. All forward-looking information speaks only as of the date hereof and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that its expectations reflected in the forward-looking information, as well as the assumptions inherent therein, are reasonable, forward-looking information is not a guarantee of future performance and, accordingly, undue reliance should not be put on such information due to the inherent uncertainty therein.

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This information is provided by RNS

The company news service from the London Stock Exchange

END

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