African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining 12 September 2011 African Consolidated Resources plc (ACR or the Company) Consolidates Land Position in Highly Prospective IOCG District, in Zambia
African Consolidated Resources Plc, the AIM listed Southern African focused resource development company, is pleased to announce that it has acquired four additional licences, totalling 1,400 hectares, within the highly prospective Kasempa Iron Oxide-Copper-Gold (IOCG) Project area in north-western Zambia (the Kasempa Project).
* Acquisition of additional licences consolidates the Companys position in the high grade and historically producing Kasempa district including complete consolidation of the northern zone of the Jikambo target which has recognised prospectivity * The region is known to have considerable potential for IOCG � Silver, Cobalt, Uranium and Rare Earth style mineralisation similar to that of Olympic Dam IOCG deposit and the Ernest Henry mine in Australia * These new licences bring ACRs total land position in the immediate region to 21,500 hectares (215 sq km) * The key lease is large-scale prospecting licence 12199-HQ-LPL, located approximately 80 km west of the town of Kasempa * The acquisition is in line with the Companys strategy to expand its portfolio of assets across Zambia and Southern Africa to complement its proven Zimbabwean assets and diversify shareholder exposure * The Kasempa Project represents an underexplored mineralised district - with well defined high-quality outcropping targets identified by previous explorers coupled with extensive mineralisation extrapolated to extend beneath unexplored, shallow Kalahari Sands style cover * Historical work in the 1960s to 1990s did not have access to the modern technology used in such an environment - ACR has in-house skills and sensing equipment as well as access to outsourced parties where necessary to do full justice to the region * Existing coarse aeromagnetic surveys have identified three significant anomalies which will be priorities for exploration work; the Jikambo Prospect (Jikambo), the Northern Prospect and the Southern Prospect � Jikambo is a 7 km long by 3 km wide, broad soil and auger geochemical Copper anomaly which was discovered in the 1970s by Roan Consolidated Mines Ltd (RCM) and is associated with potassic altered, syenitic intrusives, quartz-hematite ironstone, NNE trending faults and a prominent magnetic anomaly � RCM reported a vein of hematite, pyrite and chalcocite, averaging 12.05% total copper over an intersected thickness of 1.5 metres in drill hole RKN719 * ACR rock chip samples from the Jikambo Prospect demonstrate values of up to 1.8% copper, 38.77% iron, 178ppb gold, 3.7% phosphorus and 137ppm uranium and underpins high grade prospectivity of Kasempa Project * Intention to immediately fly the area with detailed magnetic and radiometric surveys in order to generate further data to facilitate targets for follow-up ground gravity surveys and drilling. ACR Chief Executive Andrew Cranswick said, "The Kasempa Project represents a potentially significant new resource development opportunity for ACR.

Preliminary work, including rock chip sampling and aeromagnetic surveys have provided the Company with highly encouraging results, including potential high-grade IOCG mineralisation and important new target areas, ensuring that this project has been prioritised for follow-up exploration work. "We are demonstrating solid progress and success in our stated strategy for expanding our portfolio of projects across Southern Africa, which now includes two potentially significant projects in Zambia; the Kasempa Project and the Nkombwa Hills Project, which is prospective for Rare Earth Elements and phosphate.

This geographic expansion provides ACR with an additional dimension which I believe sensibly spreads shareholder risk and leverages our position in the investment community, while simultaneously retaining our commitment to the maximisation of our recognised Zimbabwe first-mover advantage." The technical elements of this report have been reviewed by Mr.

Michael Kellow (the Companys Technical Director).

Michael Kellow (BSc) is a member of the Australian Institute of Geoscientists (AIG) and a full-time employee of African Consolidated Resources Plc.

Mr.

Kellow has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves" (JORC Code) and as a "qualified person" as defined in the AIM Note for Mining, Oil and Gas Companies.

Michael Kellow consents to the publication of this report. **ENDS** For further information visit www.acrplc.com or please contact: Roy Tucker
African Consolidated Resources plc
+44 (0) 1622 816918 +44 (0) 7920 189012
Andrew Godber
Panmure Gordon (UK) Limited
+44 (0) 207 459 3600
Callum Stewart
Panmure Gordon (UK) Limited
+44 (0) 207 459 3600
Abhishek Majumdar
Panmure Gordon (UK) Limited
+44 (0) 207 459 3600
Susie Geliher
St Brides Media & Finance Ltd
+44 (0) 20 7236 1177
Glossary Term Explanation Acronym Au chemical symbol for gold
banded iron-formation chemical sedimentary rock consisting of iron and quartz BIF chalcocite Copper Sulfide (Cu2S), an important copper ore mineral
diamond drilling
Drilling method using a diamond-impregnated cutting bit to obtain a core sample of rock
dip the orientation of a planar geological feature relative to horizontal
disseminated sulphide Accumulations of sulphide minerals where the grains are separated by other minerals and are not in physical contact with each other.
fault a fracture or break within a body of rock across which some movement has occurred
felsite silica rich igneous rock, aka felsic volcanic
greenstone belt belts of metamorphosed sedimentary and igneous rocks of Archaean age
hematite An oxide of Iron, Fe2O3
igneous rock originally molten can be volcanic or intrusive
JORC Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy
laterite
highly weathered rock usually conforms to a consistent weathering pattern from surface and often redistributes gold, nickel or aluminium to ore grade concentrations above the primary source at depth.
mineralisation
metallic minerals such as gold, base metals, pyrite and arsenopyrite incorporated in rocks
mineralised zones
hydrothermally altered structural features containing potentially valuable minerals
orebody
economically viable portion of a mineralised zone
pyrite
iron sulphide mineral often associated with gold and base metal mineralisation
pyrrhotite
iron sulphide mineral
quartz
silicon oxide mineral very common in hydrothermal deposits
Resource
mineral Resource as defined by the JORC Code 2004
reverse circulation drilling
rotary percussion drilling whereby the sample is returned from the cutting head inside the rod string to surface thereby avoiding contamination from the walls of the hole RC
schist
metamorphic rock with well developed foliation
stockworks
zone of multiple quartz filled fractures with individual veins often of random orientation
strike
the horizontal orientation of a planar geological feature
syenite
a coarse-grained intrusive igneous rock of the same general composition as granite but with quartz <5%, and feldspar component predominantly alkaline in character.
talc
magnesium iron silicate mica of metamorphic origin
thrust
shallow dipping fault where the upper body of rock overrides the lower portion
UNITS
g
gramme
g/t
grammes per metric tonne - metal concentration
km
kilometre
m
metre
Mt
million metric tonnes
Moz
million ounces
oz
fine troy ounce equaling 31.1048 grammes - normal unit used in selling gold
ppb
parts per billion
ppm
parts per million, equivalent to g/t
t
metric tonne
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