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Arc Minerals Limited (LON:ARCM)

Arc Minerals Limited (LON:ARCM)


Share Price
3.23 p
Change
0 (0.00 %)
Market Cap
£20.34 m
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Arc Minerals Limited

ARC Minerals, (formerly Ortac Resources) is engaged in the identification, evaluation, acquisition and development of natural resource projects, located primarily in Africa

We provide our shareholders and investors with an opportunity to benefit from our strategy that involves the development of our investments where we work to take proven discovered mineral projects particularly in the...

EPIC: ARCM
Market: AIM:ARCM
52-week High/Low: 5.77p / 2.00p
Sector: Mining
Market Cap: 20.34M
Website: www.arcminerals.com

Arc Minerals Limited

www.arcminerals.com

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Big picture - Why invest in Arc Minerals Limited


Arc Minerals Limited Snapshot

ARC Minerals invests in natural resource focused companies and projects that are in the exploration stage of the mining industry value chain. Exploration assets offer investors exposure to exciting opportunities that can potentially be highly value accretive.

Typically the successful exploration of natural resources on any project will require significant capital investment. The deployment of exploration risk capital is designed to take a discovered mineral asset to a point where an international resource classification can be awarded to the asset by an independent natural resource verification company.

When exploration projects are brought up to an international resource classification category, an exploration project becomes somewhat de-risked and can then move into the development phase which can lead subject to commodity pricing, into mine development and production.

In order to finance the drilling, geological and mineral technical work needed to progress its projects Arc Minerals will need to raise funds through the issue of additional equity or bring in partners to help fund exploration and development costs. The Group’s ability to raise further funds will depend on the success of its investment strategy and acquired operations. The Group, or the companies in which it has invested, may not be able to raise, either by debt or by further equity, sufficient funds to enable completion of planned exploration, investment and/or development projects.

ARC Minerals places strong corporate oversight on its investee companies to ensure risks associated with exploration are mitigated as much as possible.

By investing in exploration, ARC Minerals offers shareholders and investors the opportunity to benefit from what can hopefully be a transition in value as a resource asset increases in value through the investment in exploration. When a natural resource asset is taken up the value curve to the point where it becomes and independently verified mineral resource, opportunities to release value for ARC Minerals shareholders can then emerge.

 

 

Our gold projects are as follows:

Šturec Gold Project

Location: Central Slovakia
Operator: Arc Minerals
Gold in the Ground: 1.32 Moz Au Eq. JORC Code (2004)
Ortac Stake: 100%
Stage: Undergound Mining Permit re-issued, mining operations have recommenced
Project Investment to date: ~$30 million

Location: Democratic Republic of the Congo
Operator: CASA Mining Ltd
Gold in the Ground: 3 million ounces averaging 2.16 grams per tonne (JORC 2018)
Akyanga Deposit
ARC Minerals Stake: 99.43%
Stage: Advanced Exploration
Next Step: Commencement of scoping study
Project Investment to date: $30 million

Our copper-cobalt project is:

Kalaba Copper Cobalt Project

Location: Zambia
Operator: Zamsort ltd
Resource: Non-Code Compliant Resource of copper and cobalt
Ore in the Ground: 16.59 million tonnes
Cobalt in the Ground: 840 tons per year
Arc Minerals Stake: 66%
Stage: Commercial scale demonstration plant under construction
Next Step: Processing 35kt of ore per month with a grade of 1.00% ASCu and 0.20% ASCo. C1 cash costs estimated at $2,500/t of recovered copper.

Board & Management

The Board & Management of ARC Minerals comprise of experienced natural resources professionals with a proven track record in taking exploration stage projects up the value curve into either producing mines or projects that release value for shareholders through a liquidity event.

Board

Nick von Schirnding
Chairman

Nick von Schirnding has over 25 years' experience in the mining sector across a number of geographies. Nick was CEO of Asia Resource Minerals plc, a FTSE listed mining company. Prior to this Nick was a senior executive with Anglo American plc and De Beers.

Don BaileyDirector
Don Bailey was the former head of mining operations for Rio Tinto in Africa, South America and Europe where he spent 30 years with Rio Tinto as Joint Global Head of Mining Operations.Subsequent to his time with Rio Tinto, Don was a founder member, CEO and Chairman of LionOre Mining International Ltd.

Brian McMaster
Non-Executive Director

Mr. McMaster has almost 20 years’ experience in the area of corporate reconstruction and turnaround and performance improvement and 20 years in the mining and exploration industry. Mr. McMaster’s recent experience includes founding Harvest Minerals and Jangada Mines, AIM listed companies with Potash and PGM projects in Brazil respectively, as well as numerous reorganisations and the recapitalisation and listing of 12 Australian companies. Mr. McMaster’s career to date includes significant working periods in the United States, South America, Asia, India and UK. Mr. McMaster was a founding director in venture capital and advisory firm, Garrison Capital Pty Ltd, and is also currently a director of a number of ASX and AIM listed companies.

Michael Foster
Non-Executive Director

Michael is the Founder and Executive Chairman of CASA Mining Limited. Before this he was the non-executive Chairman of Copperbelt Minerals Limited, a private company that discovered a copper-cobalt deposit in the Democratic Republic of Congo and was sold in 2012 for $191 million. He has also held senior roles at a number of businesses on AIM and was Managing Director of Reunion Mining PLC, a Main Market listed Africa focused mining and exploration company, with assets in Namibia and Zimbabwe. Michael holds an MBA in in Business Studies from the London Business School and has a B.Sc (Hons) in Geology from the University of St Andrews, Scotland.

Management

Jonathan de Thierry
Non-Executive Director

Jonathan de Thierry is an English graduate geologist with 25 years experience in mining and investment banking in Africa & Europe. He is a founder of Casa Mining and has raised significant capital for exploration and development of major DRC mineral projects.

Vassilios Carellas
Chief Operating Officer

Vassilios Carellas is a geologist by profession with extensive experience gained in the mining and exploration industry in Central Asia. Prior to joining Ortac Resources (UK), Vassilios held the post of Managing Director of Kryso Resources plc, an AIM listed company that he co-founded and listed in 2004. Before founding Kryso, Vassilios worked for two Canadian listed companies operating producing mines in various positions ranging from Mine Geologist through to Chief Geologist and General Manager.

 

Shareholders No of Shares % Holding
JIM Nominees 80,835,675 25.96
Hargreaves Landsdown(Nominees) ltd 29,353,353 9.43
Interactive Investor Services Nominees 23,908,003 7.68
BARCLAYS DIRECT INVESTING NOMINEES LIMITED 15,646,619 5.02
     
Shares Not Held in Public Hand    
     
Holder Shares held % of issued share capital
Directors and Insiders 45,122,754 14.49
     
ARC shares in issue 311,399,300 100%

    

Contact Us

We maintain an active and engaged dialogue with our investors, for more information please call +44 (0) 20 7917 2942 or email: [email protected]

ARC Minerals (UK) Ltd

2nd Floor
180 Piccadilly
London W1J 9HF
United Kingdom

ARC Minerals Ltd.

Craigmuir Chambers
Road Town
Tortola
British Virgin Islands
VG 1110

Bratislava Representative Office

Banská cesta 27
Kremnica 967 01
Slovakia

Corporate Advisers

Nominated Advisor & Broker
SP Angel Corporate Finance LLP
Prince Frederick House
35-39 Maddox Street
London W1S 2PP
United Kingdom

Solicitors (English Law)
Kerman & Co LLP
200 Strand
London WC2R 1DJ
United Kingdom

Legal Counsel (British Virgin Islands)
Harneys
Craigmuir Chambers
PO Box 71
Road Town
Tortula VG1 110
British Virgin Islands

Legal Counsel (Slovakia)
Majernik & Mihalikova
Cukrova 14
811 08 Bratislava
Slovak Republic

JUDr. Lubomir Ivan
Dukelskych hrdinov 22
960 01 Zvolen
Slovak Republic

Reporting Accountants (UK)
PKF Littlejohn
1 Westferry Circus
Canary Wharf
London E14 4HD
United Kingdom

Reporting Accountants (Slovakia)
L’udovit Petras
Moyzesova 38
040 01 Košice
Slovakia

Registrars
Computershare Investor Services (Jersey) Ltd.
PO Box 329
Queensway House
Hilgrove Street
St Helier
Jersey JE4 9XY

Financial PR Adviser
Celicourt Communications
Adam House
7-10 Adam Street
The Strand
London WC2N 6AA
United Kingdom

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