Tougue Bauxite and Alumina Corporations S.A (TOUBAL) a subsidiary of Anglo-African Minerals plc owns one advanced exploration license (bloc 163) on a total area of 750 km2 in the Tougué Préfecture (North Guinea) and hosts estimated resources of more than one billion tonnes of high grade bauxite (43% Al203 and 3% Si02).

An Environmental and Social Impact Notice (N.I.E.S) has been completed by the Guinean Office of Engineering studies and Environment (B.E.G.I.E).  Progress will be made to complete the full ESIA during 2017.

The maiden Inferered Mineral Resources Estimate has been completed and issued by SRK Consulting and the highlights are as follows:

Inferred Mineral Resources Estimate of 722 million tonnes, averaging 42.6% total alumina and 3.7% total silica within three main deposit plateaux; Sibiko, Soumbalako and Tiankounguele.

Estimates are based on assay results of 744 auger drill holes that were completed in the 2011 exploration campaign at 150m x 150m, 300m x 300m and 600m x 600m spacing.

Another drilling campaign was undertaken in December 2016 and January 2017 consisting of drilling 145 holes (1533 m) to upgrade the existing resource to a higher confidence Measured Mineral Resource category on Soumbalako and Sibiko plateaux.

The TOUBAL license is currently being considered for development into a vertically integrated bauxite mining and alumina refinery project in combination with a bauxite export project, with alumina production outputs of 0.6 Mtpa and 1.8 Mtpa being considered, with accompanying 3.2 Mtpa and 4.5 Mtpa bauxite export tonnages respectively (5.0Mtpa and 10 Mtpa total bauxite mined respectively).

Subject to further infrastructure being in place TOUBAL suggests that a bauxite export operation may be established to generate revenue whilst an alumina refinery is being constructed.