African Copper PLC AIM:ACU TSX:ACU

Hi Mr Ashley James,

Probably read through this thread tomorrow.



The below taken from

4.0 Overall Performance
The Company had working capital of approximately ₤13.0 million at 30 June 2005 compared to approximately
₤13.3 million at 31 December 2004. During the six months ended 30 June 2005 the Company did not generate
any operating revenues, as it is in the development stage and, therefore, losses were incurred throughout the
period. The fiscal 2005 operating budget for administration and development of the Dukwe Project and
exploration of the Matsitama Project was set at approximately ₤6.6 million. However, the budget was
subsequently increased in September 2005 to ₤7.25 million to accelerate certain metallurgical and engineering
studies for the deeper high grade sulphides and by the need to place deposits to secure long lead time items
required for the possible mining operations.


4.1 Dukwe Project
4.1.1 Strategy and Outlook
The Company’s mission is to develop the first copper mine in a potentially world class base metal district in
Botswana with the goal of commencing production in late 2006 or early 2007.

Happy New Year
O.P.