China Africa Resources plc ("CAR" or the "Company") was incorporated on 20 August 2010. Pursuant to certain arrangements entered into by Weatherly International plc ("Weatherly") (AIM: WTI) and subsidiaries of East China Mineral Exploration and Development Bureau ("ECE"), Weatherly and ECE will work together, through CAR, to develop the Berg Aukas lead, zinc, vanadium asset in Northern Namibia ("Berg Aukas Project").

Initially, the objective of CAR will be to carry out a full feasibility study on the Berg Aukas Project, which is expected to commence shortly after Admission and be completed by the end of 2012. The total cost of the feasibility study is expected to be approximately US$3m over the full period and will be managed by Weatherly pursuant to the terms of a management services agreement.

Subject to the feasibility study confirming that the Berg Aukas Project is financially viable and CAR being able to raise further funds, the Company's intention is to bring the mine back into production.

Whilst the immediate focus of the Company is the development of the Berg Aukas Project, CAR's overall strategy is to build a profitable and widely based resource business and the Directors expect this to include the acquisition of additional assets from Weatherly, ECE or third parties.

Listing exchange: AIM

Expected first day of trading: 2011-08-01

Expected money raised: £4.7M