Interim Results

African Consolidated Resources Plc
                      ("ACR" or the "Company")

                           Interim Report

The Company announces that the Interim Report for the half year ended
31 August 2007 will be posted to shareholders on 29 November 2007.

Copies of  the  full  Interim  Report  can  be  downloaded  from  the
Company's                         website                          at


http://investors.acrplc.com/reportsandpresentations

Financial Highlights


  * Loss of £0.578m to 31 August 2007 as exploration programmes
    progressed to plan.
  * Cash balance of £4.936m at 31 August 2007.
  * £4.5m raised through issue of 31,034,482 Ordinary Shares.


Highlights


  * Subject to results of planned tests at Snakes Head substantial
    progress in reaching agreement with a potential technical partner
    to introduce cost reducing advanced technology for platinum
    production.
  * Increased definition of nickel sulphide potential in the
    Perseverance nickel trend through electro-magnetic survey using
    SIROTEM.
  * New gold and silver anomalies which are being followed up.
  * Marange diamonds legal process and discussions ongoing.
  * Continued success in obtaining new exploration ground.
  * First phase targeting of exploration ground in Zambia and
    Mozambique.


Chief Executive's statement

It is a  few short  months since the  compilation of  my last  report
incorporated into our Annual Report (still available on our  web-site
at www.acrplc.com).  I  will endeavour to  avoid too much  repetition
and  offer  a  slightly  different  perspective  in  summary  of  our
activities since then.

In order that the market may be better placed to understand the value
of ACR's assets and projects, I would  like to point out that we  are
in the process of compiling a detailed technical review incorporating
geochemical and  geophysical data  in the  first quarter  of the  new
year.

A Regional View
As previously  noted  we have  begun  our anticipated  broadening  of
outlook to  other Southern/Central  African countries.   First  phase
targeting has been  undertaken in  three regional  countries in  this
regard and discussions  have commenced with  the relevant  government
bodies to acquire appropriate exploration rights.  Meanwhile, company
registration and negotiations with  local partners in Mozambique  and
Zambia are now at  an advanced stage and  exploration is expected  to
commence in  early 2008  in these  two countries.   Opportunities  in
Malawi, DRC  and Angola  have also  been discussed  but decisions  on
activities there are unlikely to be taken within the next 6 months.
We  are   hopeful  that   investors  may   expect  announcements   on
acquisitions and allocation of concessions in 2008.

In Zimbabwe, economic pressures continue to take a toll on the  local
population and ACR  continues to  follow a social  support policy  to
help alleviate this wherever  we are active.   I am hopeful that  the
economy may be turned around in the coming year and that we might  be
able to play our  part accordingly.  An  election in early 2008  will
hopefully not  cause  a  material disruption  to  our  operations  in
country.  ACR will  always be committed  to working productively  and
constructively with  the  Government  of  the  day.    We  note  with
enthusiasm the  rapid increase  in interest  shown by  potential  and
actual investors in Zimbabwe assets hailing from Western and  Eastern
countries  and  operating  in  all  sectors,  not  least  mining  and
exploration.   Wherever  possible  ACR has  encouraged  this  and  we
believe stands  to reap  the benefit  of our  first-mover  advantage.
Indeed the company  has recently been  in discussions with  potential
project partners  from  several  Asian,  African  and  East  European
countries, regarding financial, equity and technical associations.

Meanwhile we continue a slow and steady legal process on our  Marange
diamond  issue  while  simultaneously  keeping  open  discussions  on
possible JV  operations with  Government.   I  remain hopeful  of  an
outcome that will have  all-round benefits to  the local economy,  to
this company and to the local community of the area who have suffered
from past illegal activities.

ACR has commissioned a legal consultant to provide detailed advice on
potential implications for the  company's operations of the  recently
tabled Indigenisation  and  Empowerment  Bill (not  yet  passed  into
law).   I  once  again  stress  our support  for  the  concept  of  a
long-term, rational  re-balancing  of  economic power  in  favour  of
Zimbabweans in all sectors, one  without prejudice to future  foreign
investment  and  without   jeopardising  prospects  for   nation-wide
economic and social advancement.

In short,  my opinion  is that  the world  needs the  resources  that
Zimbabwe has to  offer, and  Zimbabwe needs to  regenerate a  healthy
economy while regaining its stature in Africa and the world.   No-one
will benefit from the  exclusion of this  country's resources and  my
most ardent wish remains one for rapprochement all round.

Technology Benefits
One of the  basic tenets of  our strategy has  been to implement  the
latest technology and ideas  in exploration.  I  would like to  share
some of the successes that this has brought to date and the hopes  we
have for further developments.

Firstly, perhaps we  need to look  at mining technology  developments
that promise to change the viability of projects we have been working
upon  and  thereby  draw  us  closer  to  feasibility  and   possible
production in  these  fields.   I  wrote  recently  about  technology
advances in PGE  refining and concentration.   These have  led us  to
commit to the sinking of a small exploration shaft in our Snakes Head
project to procure trial samples of known PGE-bearing reefs.  Coupled
with the recent  rises in precious  metal prices we  look forward  to
results which could lead to initial scoping studies in the region and
a drilling campaign  to achieve a  JORC resource.   We have  selected
potential technical partners with which  to assist us in this  regard
and are hopeful of signing a substantive agreement post-testing.

In a similar vein,  the mining and treatment  of nickel laterite  ore
has  advanced  significantly  in  recent  years  and  the   resulting
reduction in capex  requirements has  changed the  economics of  such
projects.   More  specifically,  the size  threshold  of  a  laterite
deposit has dropped dramatically and I therefore note that we are far
more proactive in  the analysis of  our laterite targets.   Again  we
hope  to  release   important  results  from   our  geochemical   and
metallurgical  work  in  this  regard,   which  to  date  have   been
encouraging and could lead to an eventual estimate of resource size.

We have worked with experts in the field to design and build a  plant
for extraction of the uniquely-coated Marange style of diamonds which
avoids the  pitfalls associated  with these  diamonds of  traditional
extraction techniques.  This is another example of embracing both new
technology and expert partners  early, while using detailed  research
to ensure minimal ramp-up time.

Turning to exploration technology, we have exploited the availability
of affordable XRF analysis and have acquired a second Niton  analyser
for both field  and laboratory use.   This is  proving invaluable  in
detecting all the minerals we are chasing and has all but removed our
laboratory  (pathfinder  assay)   bottleneck.    Decision-making   on
maintenance/expansion versus release of exploration areas has  become
far more efficient.  Our broad-brush geochem sampling effort has been
expanded and anomalies of all  minerals are providing future  targets
at an accelerated rate.

Our ongoing electro-magnetic survey using SIROTEM in the Perseverance
nickel trend has  already yielded promising  anomalies that  indicate
both massive and  disseminated nickel sulphide  potential in  keeping
with the style of the historically-exploited Perseverance ore body.
This gives  me  confidence of  establishing  firm drill  targets  for
2008.  What's more, on the same trend, MMI geochem samples  processed
in Canada from sampling  several kms along strike  from the old  pit,
where suspected ultramafic is concealed  under cover, has led to  the
discovery of a previously  unknown nickel-rich gossan with  potential
for significant strike-length.  The SIROTEM follow-up is expected  to
define the dimensions of what appears to be another massive  sulphide
body along strike.

Our in-house diamond laboratory is in operation and our sorters  have
recently received  training  from  a  world-recognised  specialist.
Together with  the  recent  acquisition of  a  large  electronic  and
physical sample database, we are set to use the latest  understanding
of  diamond  indicator  minerals  to  re-process  and  analyse  these
concentrates.

The philosophy guiding the early  adoption of these techniques  gives
us exactly the right edge to achieve results fast against a  backdrop
of large-scale geochemical  and geophysical research.   I am  hopeful
that the output from these initiatives will provide target generation
for development in the coming 18 months.

Coupled  with  this  advantage  we  continue  to  benefit  from   our
first-mover advantage which has  allowed us almost unfettered  access
to ground which would  be very difficult to  obtain elsewhere in  the
world.  Our  broad-brush gold geochem  has yielded several  important
gold and  silver anomalies  which are  being followed  up firstly  by
consolidation of surrounding tenements, then by more detailed geochem
work over the  anomalies and thereafter  by geophysics to  ultimately
define drill targets.  This  strategy is now generating entirely  new
gold projects as intended.   Fortuitously this comes  at a time  when
gold has reached record highs.   This bodes well for our  green-field
as well  as  our  existing,  advanced  gold  JORC  resources  in  the
Pickstone-Peerless and Giant mines.

Cash Resources
As reported in the 2007 Annual  Report we raised £4.5million cash  by
the issue of ordinary shares in  July 2007 the proceeds of which  are
reflected in the Interim Results.  Expenditure in the period has been
on progressing our  planned exploration programme  and as  previously
explained.   Meanwhile  we  maintain an  adequate  cash  resource  to
initiate  diamond  production  at  short  notice  at  Marange  should
circumstances allow.

Conclusion
I look forward  to providing more  detailed technical information  on
the development of these and other projects in the near future and am
confident that 2008  will begin  to offer  reward for  the faith  our
shareholders have placed in the Board and management of ACR.

I wish you all a joyous festive season and a prosperous New Year.

Andrew Cranswick
CEO

The information in  the Chief  Executive's Statement  in the  Interim
Report that relates  to exploration  and technical  matters has  been
approved by Michael Kellow who takes responsibility for them.

Michael Kellow (BSc) is a Member  of AIG and a full-time employee  of
African Consolidated  Resources  plc.    Mr.  Kellow  has  sufficient
experience which is relevant to the style of mineralization 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  'Australasian  Code  for  Reporting  of  Exploration
Results, Mineral Resource  and Ore  Reserves' (JORC  Code).   Michael
Kellow consents to the inclusion in  the report of the matters  based
on his information in the form and context in which it appears.

                                                     27 November 2007

Enquiries:


African Consolidated Resources plc
Andrew Cranswick                   [phone]
Roy Tucker                         [phone] / [phone]

Ambrian Partners Limited
Richard Brown                      [phone]

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