HIGHLIGHTS

KANGALUWI COPPER PROJECT

     • 20th August 2008: First systematic RC drilling from the Chisawa Prospect at Kangaluwi returns significant mineralised widths and grades including: 14m at 1.52% copper, 12m at 1.36% copper, 10m at 1.23% copper and 14m at 0.65% copper. Copper mineralisation remains open-ended along strike and at depth.
     • 4th August 2008: RC drilling returns substantial mineralised widths and grades including: 13m at 2.36% copper, 15m at 1.47% copper, 9m at 1.79% copper and 4m at 2.66% copper.  Mineralisation at Kangaluwi still remains open along strike and at depth.
     • 8th July 2008: Wholly owned Kangaluwi prospect confirmed as major new copper discovery in Southern Zambia.
     • 8th July 2008: 28km of prospective strike length identified in immediate area. Drilling to date has tested only 10% of the estimated prospective strike length.
     • 8th July 2008: Initial Metallurgical Test results indicate sulphide recovery in excess of 95% for copper from conventional flotation.
     • 9th May 2008: Large VTEM Conductive Anomaly defined at Kangaluwi Copper Project.
     • 30th April 2008: Mineralised strike at Kangaluwi Prospect extended to 3kms based on visual indications in RC and Diamond drilling, and mineralisation remains open along strike and at depth.

CHEOWA JV

     • 9th July 2008: Total Cheowa JV Resource more than doubled to 6.5 million tonnes as follows; Indicated Resource of 3.5Mt @ 1.1% copper and 0.23g/t gold, Inferred Resource of 2.9Mt @ 1.1% copper and 0.38 g/t gold.
     • 9th July 2008: Deep Diamond Drilling at CC2 demonstrates that mineralisation continues to depths of at least 500m and that grades may be increasing with depth.
     • 9th July 2008: New drilling results include: 4.4m at 2.73% Cu, 2.0m at 3.63 % Cu & 2.6m at 3.97% Cu.

EMERGING PROJECTS

     • 20th May 2008: 11.4% copper and 1.8 g/t gold returned from rock chips at Mukwizi Copper Gold Project.
     • 20th May 2008: 23m at 0.43% copper returned from trench samples at Mvula Copper Gold Project

OTHER JVs

     • 20th August 2008:  Lithic Metals & Energy (AIM:LMY), a joint venture partner of Zambezi Resources announces identifying 18 new uranium radiometric anomalies on the Mpande licence.
     • 14th July 2008: Rio Tinto, joint venture partner of Zambezi Resources, announces that a recently completed VTEM survey highlights conductors in a regional shear zone over 30 kms in strike. These conductors are coincident with uranium anomalism identified in a previous radiometric survey. Based on these results both parties have agreed to expand the existing JV to incorporate newly identified prospective areas.
     • 2nd July 2008: Lithic Metals & Energy (AIM:LMY), a joint venture partner of Zambezi Resources, announces significant progress at the Oryx Uranium Project, with visible uranium mineralization identified in diamond drilling.
     • 2nd July 2008: Lithic Metals & Energy (AIM:LMY), a joint venture partner of Zambezi Resources, announces the following trench results from the Oryx Uranium Project: Trench 23; 3m @ 642 ppm U₃O₈, Trench 25; 3m @ 292 ppm U₃O₈ & Trench 34; 1m @ 839 ppm U₃O₈.

NON EXECUTIVE DIRECTOS

Mr David Vilensky

NON-EXECUTIVE CHAIRMAN • AUSTRALIAN

David Vilensky (54) is a practising lawyer and managing partner of Perth law firm Bowen Buchbinder Vilensky.  He has more than 25 years of experience in the fields of corporate and business law and in commercial and corporate management.  Mr Vilensky is also regarded as a specialist on Trade Practice Law.  Mr Vilensky was on the board of listed telecommunications carrier Swiftel Ltd for 3 years where he was also the chairman of its audit committee, and remained on the board of People Telecom Ltd after its successful $40m merger with Swiftel Ltd in 2005.  Mr Vilensky acts for a number of listed and unlisted companies and is the immediate past chairman of Law Australasia, an independent association of Australian and New Zealand law firms.

Mr Vilensky is the chairman of Prodemas International Ltd, a public unlisted company which provides project management services to the global resources industry and is also the chairman of Latin Resources Pty Ltd, a company with exploration interests in Peru.

Mr Simon Francis Durack B.Comm, Post Grad Dip Bus, CA, FCIS

NON-EXECUTIVE DIRECTOR • AUSTRALIAN

Mr. Durack is a Chartered Accountant and practicing Company Secretary, with over 28 years commercial experience gained working in Australia, South East Asia and Europe.

Mr. Durack's commercial experience includes time worked in the Accounting profession with Coopers & Lybrand (now PricewaterhouseCoopers). He has also held many senior financial and secretarial roles with both large public and private entities. In these roles, Mr. Durack has been responsible for providing managerial, secretarial and financial advisory input. Mr. Durack has also acted as resident Director for several offshore companies with operations in Australia.

Mr Richard Leonard Procter  BSc Eng; CEng; MBA; MIMMM

NON-EXECUTIVE DIRECTOR • AUSTRALIAN

Richard Procter is a mining engineer with over 30 years broad international experience covering corporate, operations, contracting, consulting and project developments. He has held senior industry positions that have demonstrated leadership and management of base and precious metal mining concerns; development of bankable feasibility studies and their conversion into mining operations; managed teams undertaking mining asset evaluations and valuations including technical and operational audits (encompassing complete mining asset due diligence and expert reports).

Richard has also been involved in many mining operation start-ups (both small and large) - as well as the re-engineering of large ongoing operations.

Richard has, and continues to provide, technical and strategic planning advice to both mining and industrial organisations.

Mr Emmanuel Heyndrickx  MSc

NON-EXECUTIVE DIRECTOR • UNITED KINGDOM

Mr. Heyndrickx is a qualified accountant and holds a degree in Business Economics (MSc) from the University of Ghent, Belgium, supplemented with a Masters in Financial Management from the Vlerick Management School, Belgium. 

Mr. Heyndrickx has many years of Corporate Finance experience with a number of European investment banks and has lead and executed many public and private mandates.

MANAGEMENT

Mr David Russell  - BSc (Mark of Merit - Geology), BSc (Special) Honours, MAusIMM, MGSSA, FFin

CHIEF EXECUTIVE OFFICER

David Russell has over 30 years experience of geological exploration, technical evaluation and financial analyses of global exploration and mining projects.  He has held senior management positions in the geological and financial areas of major mining companies and financial institutions where he worked as a top rated Mining Investment Analyst. 

David has graduate and post graduate qualifications in Geology from the University of Rhodesia and attended the University of Witwatersrand, Graduate School of Business completing Advanced Management (MAP) and Strategic Management (SMP) programmes.

His experience includes exploration management, geological evaluation, technical and financial review of exploration and mining projects in Africa, Australasia, Asia, North America and Europe for feasibility study valuations and financing.

David is a member of the Australian Institute of Mining and Metallurgy, the Geological Society of South Africa and is a Fellow of the Finance Institute of Australia. 

Mr Willie Sweta M.Sc (Met), Dipl (Min. Eng)

EXECUTIVE CHAIRMAN, MWEMBESHI RESOURCES • ZAMBIAN

Mr. Sweta is a very well known and respected person within the mining industry of Zambia as well as within the Southern African Development Community (SADC). Mr Sweta’s extensive work experience within the mining industry includes Roan Selection Trust (RST) and Anglo- American (Nchanga Consolidated Copper Mines), Noranda Mines (Gaspe Copper Mines, Murdochville , Quebec ) and Department of Energy, Minerals and Resources (EMR, Canada ) and Zambia Consolidated Copper Mines Ltd (ZCCM). Mr Sweta has a M.Sc, Metallurgical Engineering, from Leningrad University , USSR and also gained a Professional Development (Min. Eng) diploma from McGill University, Canada

Last updated: Friday, 25 February 2011