Proactiveinvestors United Kingdom Arc Minerals Limited https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Arc Minerals Limited RSS feed en Mon, 27 May 2019 08:58:55 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Directors' Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190508070005_14065680/ Wed, 08 May 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190508070005_14065680/ <![CDATA[News - Arc Minerals cracks on with infill soil geochemical programme at Zamsort ]]> https://www.proactiveinvestors.co.uk/companies/news/218470/arc-minerals-cracks-on-with-infill-soil-geochemical-programme-at-zamsort-218470.html Arc Minerals Ltd (LON:ARCM) has kicked off its exploration programme at the Zamsort project in north-western Zambia.

Infill soil sampling has commenced over the new target areas, and 1,200 samples have already been grabbed.

READ: Arc Minerals soars as it appoints Zamsort founder as non-executive director

The drilling of new targets will commence as soon as weather conditions allow, Arc told shareholders.

Arc said the target discovery areas continue to exceed expectations.

"I am very pleased to have completed the follow-up work on the new anomalies and to have commenced the soil sampling programme early having been able to access Cheyeza West during intermittent dry periods. As soon as weather conditions allow we shall be deploying rigs to Cheyeza West in the first instance and start our drilling programme,” revealed Nick von Schirnding, the executive chairman of Arc Minerals.

“The Cheyeza West and Lumbeta anomalies … are around 10 order of magnitudes larger than anything previously looked at in the Zamsort project area - and is a potential game-changer for Arc Minerals," he added.

 

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Fri, 12 Apr 2019 07:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218470/arc-minerals-cracks-on-with-infill-soil-geochemical-programme-at-zamsort-218470.html
<![CDATA[RNS press release - Zamsort - Exploration & Drilling Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190412070004_14038542/ Fri, 12 Apr 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190412070004_14038542/ <![CDATA[News - Arc Minerals produces first copper-cobalt concentrate from the Kalaba project in Zambia ]]> https://www.proactiveinvestors.co.uk/companies/news/218127/arc-minerals-produces-first-copper-cobalt-concentrate-from-the-kalaba-project-in-zambia-218127.html Arc Minerals LTD (LON:ARCM) has completed construction of a pilot plant at the Kalaba copper project in Zambia.

The plant has now been commissioned and has produced a copper-cobalt sulphide concentrate.

WATCH: Arc Minerals Ltd identifies significant new targets at Zamsort

Arc is now working out plans for the oxide component of the Kalaba project.

Initial production will incur no mining cost as the plant feed will be drawn down from the existing stockpile of 10,000 tonnes of material grading 2% copper.

The potential to enhance revenue streams through the production of separate copper and cobalt sulphide precipitates is also being investigated.

"I am very pleased to report that we delivered on our commitment to complete the construction and commissioning of the small-scale demonstration pilot plant at Kalaba,” said Nick von Schirnding, Executive Chairman of Arc Minerals.

“We have now completed the plant under budget - for less than half a million dollars.  It is also an important step regarding Zamsort's previous commitments in terms of its exploration licenses. In the meantime, we have made major progress regarding our next phase of exploration and our newly identified targets. A more detailed update on this will be made shortly."

 

 

 

 

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Mon, 08 Apr 2019 08:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218127/arc-minerals-produces-first-copper-cobalt-concentrate-from-the-kalaba-project-in-zambia-218127.html
<![CDATA[RNS press release - Plant update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190408070004_14031580/ Mon, 08 Apr 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190408070004_14031580/ <![CDATA[RNS press release - Directors' Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190322160356_14013029/ Fri, 22 Mar 2019 16:03:56 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190322160356_14013029/ <![CDATA[RNS press release - Directors' Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190311152155_13997788/ Mon, 11 Mar 2019 15:21:55 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190311152155_13997788/ <![CDATA[News - Arc Minerals sells Andiamo stake for US$250,000 cash ]]> https://www.proactiveinvestors.co.uk/companies/news/215033/arc-minerals--sells-andiamo-stake-for-us250000-cash-215033.html Arc Minerals Limited (LON:ARCM) has sold its stake in Eritrea-focused copper explorer Andiamo Exploration for US$250,000.

Emerald Ex is buying the 18.48% stake for cash with the transaction set to close on 25 February.  

Nick von Schirnding, Arc’s executive chairman said: "The sale of Andiamo represents a step forward in delivering on our strategy of selling non-core assets.  

READ: Arc Minerals soars as it appoints Zamsort founder as non-executive director

“The proceeds of the transaction will be deployed to our current exploration programme at our Zamsort copper-cobalt project. 

“We are also progressing discussions with a number of interested third parties in respect of our other non-core assets."

Arc’s attention is focused on the Zamsort copper deposit in Zambia and gold acreage at Misisi in the DRC.

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Thu, 21 Feb 2019 09:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215033/arc-minerals--sells-andiamo-stake-for-us250000-cash-215033.html
<![CDATA[RNS press release - Sale of Andiamo for US$250,000 ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190221070013_13976467/ Thu, 21 Feb 2019 07:00:13 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190221070013_13976467/ <![CDATA[RNS press release - Post Indaba Investor Conference Call ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190219163142_13974646/ Tue, 19 Feb 2019 16:31:42 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190219163142_13974646/ <![CDATA[News - Arc Minerals raises £2.2mln in non-brokered private placement ]]> https://www.proactiveinvestors.co.uk/companies/news/214851/arc-minerals-raises-22mln-in-non-brokered-private-placement-214851.html Arc Minerals LTD (LON:ARCM) has raised £2.2mln through a placing of 73.6mln units at 3p each, with each unit consisting of one share and one warrant.

No brokers were involved, so no fees were payable.

WATCH: Arc Minerals Ltd identifies significant new targets at Zamsort

The money raised will be used to fund the continuing exploration and development work on the Zamsort copper project in Zambia and for general working capital purposes.

"We were approached by two family offices, one of which is already a shareholder, for further funding to progress our newly identified targets at Zamsort,” explained Arc’s executive chairman Nick von Schirnding.

“This is a very good outcome for us and as a result, we will be accelerating work in respect of Cheyeza West and other key targets and will start a comprehensive drilling programme as soon as possible.”

Von Schirnding also participated in the placing, as did fellow directors Don Bailey, Mumena Mushinge, Brian McMaster, Vassilios Carellas, and John Forrest.

 

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Tue, 19 Feb 2019 07:46:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214851/arc-minerals-raises-22mln-in-non-brokered-private-placement-214851.html
<![CDATA[RNS press release - £2.2 million ($2.9m) Equity Injection ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190219070011_13973533/ Tue, 19 Feb 2019 07:00:11 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190219070011_13973533/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190215164056_13971696/ Fri, 15 Feb 2019 16:40:56 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190215164056_13971696/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190215163549_13971692/ Fri, 15 Feb 2019 16:35:49 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190215163549_13971692/ <![CDATA[News - Arc Minerals soars as it appoints Zamsort founder as non-executive director ]]> https://www.proactiveinvestors.co.uk/companies/news/213982/arc-minerals-soars-as-it-appoints-zamsort-founder-as-non-executive-director-213982.html Shares in Arc Minerals Limited (LON:ARCM) soared in late-morning trading Tuesday after it appointed the founder of Zamsort Limited to its board as a non-executive director.

The exploration firm said Mumena Mushinge would join the board with immediate effect, adding that he had been involved in a number of significant projects with local and international mining groups in Zambia, where Arc’s copper-cobalt project is located.

WATCH: Arc Minerals Ltd identifies significant new targets at Zamsort

Arc owns a 66% stake in Zamsort, which operates the project in the country covering 407 square kilometres of exploration ground under license.

Nick von Schirnding, executive chairman of Arc, said Mumena brought “a wealth of experience in respect of mining projects and operating in Zambia”, adding that the appointment balanced the composition of the board given the company’s significant exposure to the country.

Shares were up 13.1% at 3.4p.

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Tue, 05 Feb 2019 10:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213982/arc-minerals-soars-as-it-appoints-zamsort-founder-as-non-executive-director-213982.html
<![CDATA[RNS press release - Board Appointment ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190205103001_13958734/ Tue, 05 Feb 2019 10:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190205103001_13958734/ <![CDATA[Media files - Arc Minerals Ltd identifies significant new targets at Zamsort ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12089/arc-minerals-ltd-identifies-significant-new-targets-at-zamsort-12089.html Mon, 04 Feb 2019 10:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12089/arc-minerals-ltd-identifies-significant-new-targets-at-zamsort-12089.html <![CDATA[News - Arc Minerals discovers multiple new targets on the Zamsort copper-cobalt project in Zambia ]]> https://www.proactiveinvestors.co.uk/companies/news/213888/arc-minerals-discovers-multiple-new-targets-on-the-zamsort-copper-cobalt-project-in-zambia-213888.html Arc Minerals Ltd (LON:ARCM) has discovered several large new anomalies on the Zamsort copper-cobalt project in Zambia.

The two most prospective are Cheyeza and Lumbeta.

WATCH: Arc Minerals Ltd identifies significant new targets at Zamsort

The wider Cheyeza anomaly covers a stretch of ground measuring 10 kilometres by eight kilometres.

The Lumbeta anomaly runs for 11 kilometres.

Among the others, several stretch for many kilometres.

Cheyeza West looks the most prospective, with a core three-kilometre by three-kilometre anomaly outlined by very high copper values in soil enclosed by the wider Cheyeza anomaly.

Historical drilling at Cheyeza East has intersected zones of copper mineralisation averaging 0.6%. 

Similarly, at Fwiji and Nyambwezu, grades averaging 0.5% copper have been reported.  

"The initial results from the airborne survey and soil sampling programme are extremely exciting and have exceeded all our expectations,” said Nick von Schirnding, executive chairman of Arc Minerals.

“It is clear that our licences lie in a very prospective mineral belt adjacent to Zambia's largest copper mines and we believe have the potential to host not one but multiple large new copper deposits. We have been approached by some very large industry players and are in discussions.”

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Mon, 04 Feb 2019 08:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213888/arc-minerals-discovers-multiple-new-targets-on-the-zamsort-copper-cobalt-project-in-zambia-213888.html
<![CDATA[RNS press release - Significant New Targets Discovered at Zamsort ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190204070004_13956286/ Mon, 04 Feb 2019 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190204070004_13956286/ <![CDATA[News - ARC Minerals rises as it updates on construction of commercial scale demonstration plant ]]> https://www.proactiveinvestors.co.uk/companies/news/213475/arc-minerals-rises-as-it-updates-on-construction-of-commercial-scale-demonstration-plant-213475.html ARC Minerals Limited (LON:ARCM) shares rose in early trading Tuesday after it updated on the construction of a commercial-scale demonstration plant at its Zamsort copper-cobalt project in Zambia.

The mining firm said during November last year the technical team had completed the front end of the plant, comprising two crusher units, screen, a ball mill and conveyors, which had then been commissioned in December and had an initial capacity to process 10,000 tonnes per month.

READ: Arc Minerals pleased with progress this year at Kalaba in Zambia

The back end of the plant is due to be commissioned in the next week, the company said, with initial production scheduled to begin shortly thereafter.

The plant has a fully permitted renewable mining license to 2025 and is funded to initial production, with ARC adding that it was currently in discussions with a number of off-takers regarding future sales.

Nick von Schirnding, ARC’s executive chairman, said the company had been “extremely disciplined” with its capital expenditure requirements over the last year and had met its target of completing the plant on schedule and on budget.

“Since we came on board less than a year ago we have, for a relatively modest investment of under half a million dollars, now got a plant that is capable of producing copper/cobalt concentrates and generate future revenues for the group.”

Schirnding added that the company was finalising it airborne survey and geochemistry analysis conducted last year and that an update was “imminent”.

Shares were up 2.7% at 2.8p.

--Adds share price--

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Tue, 29 Jan 2019 07:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213475/arc-minerals-rises-as-it-updates-on-construction-of-commercial-scale-demonstration-plant-213475.html
<![CDATA[RNS press release - Commercial Scale Demonstration Plant Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190129070007_13949535/ Tue, 29 Jan 2019 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20190129070007_13949535/ <![CDATA[News - Arc Minerals pleased with progress this year at Kalaba in Zambia ]]> https://www.proactiveinvestors.co.uk/companies/news/211554/arc-minerals-pleased-with-progress-this-year-at-kalaba-in-zambia-211554.html Arc Minerals Limited (LON:ARCM) is making good progress with metallurgical test work on oxide ore from the Kalaba copper and cobalt prospect in Zambia.

Commissioning of a commercial scale demonstration plant starts this month with batch processing to commence early in the New Year.

READ: Arc Minerals reveals significantly higher grade cobalt results from shallow drilling at Kalaba Cobalt-Copper Project oxide portion

Two potential leaching routes being assessed to optimise the process and significantly reduce operating costs. 

Kalaba is on the Zamsort licence, which is 66% directly owned by Arc Minerals, while it also has a convertible loan note.

“There is now only one remaining minority interest in Zamsort, namely Kopara, and we have recently agreed with Kopara to jointly fund all future expenditure at Zamsort,” today’s statement said.

“Drilling to date has exceeded our expectations in terms of the size of the potential deposit and we have identified a significant copper/cobalt deposit with copper equivalent grades of approximately 0.60% copper equivalent and current metal prices," it added.

The four most recent holes have intersected elevated copper grades ranging from 0.50% to 1%, including 128 metres at 0.74% copper equivalent from the surface.

At Casa, a 3mln oz gold JORC resource in the DRC, several non-disclosure agreements (NDAs) have been signed with interested third parties for a potential sale and/or joint venture, Arc said.

Losses for the six months to September were £1.17mln.

Arc raised £2mln in October through a placing at 4.5p.

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Thu, 20 Dec 2018 08:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211554/arc-minerals-pleased-with-progress-this-year-at-kalaba-in-zambia-211554.html
<![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181219181427_13910410/ Wed, 19 Dec 2018 18:14:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181219181427_13910410/ <![CDATA[RNS press release - Issue of Equity and Change in Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181129120108_13885463/ Thu, 29 Nov 2018 12:01:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181129120108_13885463/ <![CDATA[RNS press release - Result of AGM and Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181128123451_13883828/ Wed, 28 Nov 2018 12:34:51 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181128123451_13883828/ <![CDATA[News - Arc Minerals jumps as it hits “significant” sulphide copper intersections at Kalaba project ]]> https://www.proactiveinvestors.co.uk/companies/news/210116/arc-minerals-jumps-as-it-hits-significant-sulphide-copper-intersections-at-kalaba-project-210116.html Arc Minerals Limited (LON:ARCM) shares jumped in mid-morning trading Wednesday after it said it had intersected “significant” copper mineralisation at the Kalaba Cobalt-Copper project in the Zambia copperbelt.

In an update for the project, the mining and exploration firm said higher copper grade mineralisation had been intersected in the sulphide zone to the north of the Kalaba open pit approaching 1% copper and 0.1% cobalt.

READ: Arc Minerals reveals significantly higher grade cobalt results from shallow drilling at Kalaba Cobalt-Copper Project oxide portion

The company added that further high-grade cobalt and copper oxide mineralisation for the commercial scale and demonstration (CSD) plant had been intersected at the surface, with disseminated mineralisation down to 115 metres below the surface.

Highlighted drill holes included:

• KDD20 – 7.12m at 0.87% copper and 0.1% cobalt

• KRC020 – 8m at 1.25% copper and 0.19% cobalt

• KRC021 – 115m at 0.67% copper equivalent

Full drilling results here

Arc added that the technical team had completed the front end of the CSD plant comprising two crushers, screen, a ball mill, and conveyors with the section capable of processing 10,000 tonnes per month.

The back end of the plant is expected to be completed in several weeks with commercial production to start thereafter.

Nick von Schirnding, executive chairman of Arc, said that the results were “very encouraging” as they suggested that in the sulphide zone to the north of the pit there appeared to be “increasing width and grade to the copper mineralisation in a north-westerly trend”.

Schirnding also said that the drilling had confirmed “sufficient oxide feed” for the CSD plant together with existing stockpiled material, adding that capital expenditure for the plant had come in under budget at US$300,000.

Shares were up 4.5% at 2.9p.

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Wed, 28 Nov 2018 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210116/arc-minerals-jumps-as-it-hits-significant-sulphide-copper-intersections-at-kalaba-project-210116.html
<![CDATA[RNS press release - Kalaba Drilling Programme and CSD Plant Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181128091800_13883352/ Wed, 28 Nov 2018 09:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181128091800_13883352/ <![CDATA[RNS press release - Exercise of Warrants & Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181122153001_13877610/ Thu, 22 Nov 2018 15:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181122153001_13877610/ <![CDATA[News - Arc Minerals reveals significantly higher grade cobalt results from shallow drilling at Kalaba Cobalt-Copper Project oxide portion ]]> https://www.proactiveinvestors.co.uk/companies/news/209154/arc-minerals-reveals-significantly-higher-grade-cobalt-results-from-shallow-drilling-at-kalaba-cobalt-copper-project-oxide-portion-209154.html Arc Minerals Ltd (LON:ARCM) has announced significantly higher grade cobalt results from shallow drilling of the oxide portion of its Kalaba (Zamsort) Cobalt-Copper Project in Zambia.

The AIM-listed firm - which has a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of the Congo as well as Zambia - said the reverse circulation drilling results showed cobalt grades of up to 0.35%, intersected together with copper grades up to 1.50%.

READ: Arc Minerals all set for new airborne geophysical survey at Zamsort

Nick von Schirnding, executive chairman of Arc Minerals said: "These results are very encouraging, in particular, the high-grade cobalt mineralisation intersected in this round of drilling.

“These results from the pit areas immediately adjacent to the CSD plant show mineralisation that is near surface and hosted in weathered material that can be mined without the need to drill and blast, which should provide for low strip ratios and correspondingly very low mining costs.”

He added: “As a result of higher than expected Cobalt grades encountered, Kalaba is becoming a cobalt project along with copper and as such work is underway to maximise the cobalt recoveries to ensure that full value is extracted.”

The chairman concluded: “We look forward to further updates soon including further drilling results as well as results from our recently completed Airborne Geophysical programme carried out to highlight further geological structures associated with known zones, potential new zones of mineralisation and to prioritise areas for further drilling from our large-scale Zamsort Copper-Cobalt Project."

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Wed, 14 Nov 2018 07:48:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209154/arc-minerals-reveals-significantly-higher-grade-cobalt-results-from-shallow-drilling-at-kalaba-cobalt-copper-project-oxide-portion-209154.html
<![CDATA[RNS press release - High Grade Cobalt drill results from shallow oxide ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181114070002_13865815/ Wed, 14 Nov 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181114070002_13865815/ <![CDATA[RNS press release - Michael Foster Options Awards ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181030070011_13846765/ Tue, 30 Oct 2018 07:00:11 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181030070011_13846765/ <![CDATA[RNS press release - Director Share Purchases - Nick von Schirnding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181024142008_13841079/ Wed, 24 Oct 2018 14:20:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181024142008_13841079/ <![CDATA[RNS press release - Notice of Annual General Meeting ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181024124502_13840938/ Wed, 24 Oct 2018 12:45:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181024124502_13840938/ <![CDATA[News - Arc Minerals all set for new airborne geophysical survey at Zamsort ]]> https://www.proactiveinvestors.co.uk/companies/news/207630/arc-minerals-all-set-for-new-airborne-geophysical-survey-at-zamsort-207630.html Arc Minerals LTD (LON:ARCM) is shortly to commence a comprehensive high resolution airborne geophysical survey over its Zamsort copper-cobalt project in Zambia.

The survey will cover around 1,000 square kilometres hosting several targets as well as the Kalaba copper-cobalt prospect where Arc is currently conducting an 11,000-metre drilling programme.

READ: Arc Minerals Ltd sees significant upside at Zambian copper asset

It will be conducted over the entire Zamsort license area and comprise 5,218 line-kilometres. Flying will commence this week and is expected to take around two weeks to complete.

"Zamsort has a large license area and this comprehensive high resolution airborne programme will be used to rapidly highlight further geological structures associated with known zones and potentially new zones of mineralisation and to prioritise areas for further drilling and possible joint ventures with other mining companies,” said Arc’s executive chairman Nick von Schirnding.

“The results of the airborne reconnaissance programme, which will be completed for less than US$100,000, will be correlated against Arc's existing soil geochemical data sets, the final parts of which are currently being analysed."

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Tue, 23 Oct 2018 07:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207630/arc-minerals-all-set-for-new-airborne-geophysical-survey-at-zamsort-207630.html
<![CDATA[RNS press release - Arc Initiates Airborne Geophysical Programme ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181023070003_13838178/ Tue, 23 Oct 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181023070003_13838178/ <![CDATA[News - Arc Minerals hits more elevated copper grades at Kalaba ]]> https://www.proactiveinvestors.co.uk/companies/news/207153/arc-minerals-hits-more-elevated-copper-grades-at-kalaba-207153.html Arc Minerals LTD (LON:ARCM) has intersected mineralisation in all holes drilled to date as part of the current 11,000-metre programme at the Kalaba prospect in Zambia.

Kalaba is part of the Zamsort copper-cobalt project which Arc took control of earlier in the year.

WATCH: Arc Minerals confident it could be sitting on 'something quite significant' at Zamsort

The four most recent holes have intersected elevated copper grades ranging from 0.50% to 1%, including 128 metres at 0.74% copper equivalent from the surface.

The company also hit 75 metres at 0.85% copper equivalent from the surface, and 59.5 metres at 0.87% copper equivalent from a depth of 2.8 metres.

"The results of our drilling programme continue to be very encouraging with these further drill results showing elevated copper intersections,” said Arc’s executive chairman Nick von Schirnding.

“The drilling to date demonstrates that at Kalaba the source and migration of the mineralising fluids have been quite extensive and we are now beginning to intersect some of the higher grade 'traps'. Given the activity on the ground as well as a large number of samples that are currently being sent to the lab, we anticipate a strong pipeline of news flow and we look forward to updating shareholders on these developments."

 

 

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Tue, 16 Oct 2018 08:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207153/arc-minerals-hits-more-elevated-copper-grades-at-kalaba-207153.html
<![CDATA[RNS press release - Arc Reports Elevated Copper Intersections ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181016070008_13829636/ Tue, 16 Oct 2018 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181016070008_13829636/ <![CDATA[Media files - Arc Minerals confident it could be sitting on 'something quite significant' at Zamsort ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/10767/arc-minerals-confident-it-could-be-sitting-on-something-quite-significant-at-zamsort-10767.html Mon, 08 Oct 2018 12:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/10767/arc-minerals-confident-it-could-be-sitting-on-something-quite-significant-at-zamsort-10767.html <![CDATA[News - Arc Minerals eyes sizeable deposit at Zamsort as drilling hits consistent copper ]]> https://www.proactiveinvestors.co.uk/companies/news/206564/arc-minerals-eyes-sizeable-deposit-at-zamsort-as-drilling-hits-consistent-copper-206564.html Arc Minerals Limited’s (LON:ARCM) recent drilling at its Zamsort project has hit wide zones of copper and cobalt similar to other large deposits in Zambia.

The junior is drilling 11,000m at the Kalaba target at Zamsort and all 46 holes so far have hit metal, it said, with thicknesses up to 144m and an average between 60m to 80m.

Surface indications point to a 5km system extending over a strike of 2km, added the company.

Grades were also higher in this set of results at 1.3% copper and 0.19% cobalt with continuous cobalt dissemination.

Nick von Schirnding, executive chairman, said the dimensions so far has exceeded all initial internal expectations and bore the hallmarks of a typical large deposit in the Domes region in north-west Zambia.

Arc Minerals has three drill rigs running at Zamsort currently, with a pilot processing plant on schedule to be commissioned by the fourth quarter.

Arc has a 66% interest in Zamsort.

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Mon, 08 Oct 2018 08:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206564/arc-minerals-eyes-sizeable-deposit-at-zamsort-as-drilling-hits-consistent-copper-206564.html
<![CDATA[RNS press release - Arc Reports Significant Drill Results from Zamsort ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181008070004_13819204/ Mon, 08 Oct 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181008070004_13819204/ <![CDATA[News - Arc Minerals raises £2mln at a premium to fund further exploration at Kalaba ]]> https://www.proactiveinvestors.co.uk/companies/news/206053/arc-minerals-raises-2mln-at-a-premium-to-fund-further-exploration-at-kalaba-206053.html Arc Minerals Limited (LON:ARCM) has raised £2mln (US$2.6mln) at a premium to fund exploration and development work at its Kalaba copper-cobalt project in Zambia.

The company, formerly known as Ortac, issued 44.5mln new shares at 4.5p apiece, with each share also coming with a warrant which can be exercised at any point over the next three years for 6.5p.

The 4.5p price is 12.5% higher than Friday’s closing price of 4p.

READ: Arc intersects extensive copper-cobalt mineralisation at Kalaba

“We were approached by a European Family Office and a South Africa-based institution to provide further funding for our exciting Zambia exploration programme,” said executive chairman Nick von Schirnding.

“Raising funds at a premium to the share price underscores the quality of our Zamsort copper and cobalt asset and I am also pleased that the majority of the board and management participated in the raise.”

In recent drilling at Kalaba, Arc intersected extensive copper and cobalt mineralisation, including 20 metres at 1.31% copper equivalent, 25m at 1.24% copper equivalent, and 26 metres at 1.10% copper equivalent.

von Schirnding said results from a further 19 holes will be announced shortly.

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Mon, 01 Oct 2018 07:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206053/arc-minerals-raises-2mln-at-a-premium-to-fund-further-exploration-at-kalaba-206053.html
<![CDATA[RNS press release - £2 Million Equity Fundraising ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181001070006_13810119/ Mon, 01 Oct 2018 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20181001070006_13810119/ <![CDATA[Media files - Arc Minerals reports strong results from early drilling at Kalaba in Zambia ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/10436/arc-minerals-reports-strong-results-from-early-drilling-at-kalaba-in-zambia-10436.html Tue, 11 Sep 2018 12:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/10436/arc-minerals-reports-strong-results-from-early-drilling-at-kalaba-in-zambia-10436.html <![CDATA[News - Arc Minerals intersects extensive copper-cobalt mineralisation in exploration at Kalaba ]]> https://www.proactiveinvestors.co.uk/companies/news/204601/arc-minerals-intersects-extensive-copper-cobalt-mineralisation-in-exploration-at-kalaba-204601.html Arc Minerals LTD (LON:ARC) has intersected extensive copper and cobalt mineralisation in drilling at the Kalaba prospect in Zambia, part of the larger Zamsort project.

All four of the reverse circulation holes drilled intersected copper and cobalt mineralisation.

READ: Arc Minerals Ltd sees significant upside at Zambian copper asset

Among the highlights were 20 metres at 1.31% copper equivalent, 25m at 1.24% copper equivalent, and 26 metres at 1.10% copper equivalent.

In addition, 19 diamond drill holes have been completed with initial assays expected shortly.  

"I am very pleased with these excellent initial assay results of the drilling programme,” said executive chairman Nick von Schirnding.

“These early results from RC drilling clearly demonstrate the large tonnage and commercial grade potential of the Kalaba prospect. The results from these first four RC holes present encouraging copper and cobalt mineralisation with intercepts starting from surface. Our updated geological model is indicating that the potential resource at Kalaba may be significantly larger than we had anticipated.”

‘House’ broker SPAngel reiterated a ‘strong buy’ on Arc Minerals, having upgraded their rating from ‘buy’ on August 14.

In their note today, the broker’s analysts’ said: “These are very encouraging results indicating a significantly larger cobalt/copper mine at Kalaba than previously envisaged.

“We look forward to being able to estimate a significantly larger tonnage of mineralised material from the next set of assay results in the short term.”

 -- Adds analyst comment --

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Tue, 11 Sep 2018 07:58:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204601/arc-minerals-intersects-extensive-copper-cobalt-mineralisation-in-exploration-at-kalaba-204601.html
<![CDATA[RNS press release - Intersects extensive copper cobalt mineralisation ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180911070018_13785563/ Tue, 11 Sep 2018 07:00:18 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180911070018_13785563/ <![CDATA[RNS press release - Directors' Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180820182001_13761975/ Mon, 20 Aug 2018 18:20:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180820182001_13761975/ <![CDATA[News - Arc Minerals posts profit as focus shifts to Africa ]]> https://www.proactiveinvestors.co.uk/companies/news/203203/arc-minerals-posts-profit-as-focus-shifts-to-africa-203203.html Arc Minerals Limited (LON:ARCM) posted a profit in its latest full year, benefiting from its shift of emphasis to Africa.

The junior is now concentrating all its attention on the Zamsort copper and Misisi gold deposits in Zambia and the DRC respectively.

READ: Arc Minerals Ltd sees significant upside at Zambia n copper asset

Total assets increased by 72% to £27.4mln (£15.9mln) in the year to March, while Arc posted a £2mln profit as it booked a £10.5mln gain on the acquisition of 99.4% of Casa Mining, which owns Misisi.

Arc also now owns 66% of Zamsort following a share exchange after the year-end.

The group’s Sturec gold assets in Slovakia have been reclassified as held for sale assets and their carrying value written down by 50% to £6.7mln.

Talks are underway to sell Sturec said Arc, while a non-binding agreement has been reached with AMED Funds for the sale of its interest in Andiamo for US$532,000.

Akyanga, one of the deposits at Misisi, is now of sufficient size to attract a third-party partner believes Arc.

A recent drill campaign doubled the resource to 3 mln ounces of gold at a grade of 2.16 g/t.

Drilling has now shifted to Kalaba at Zamsort.

A demonstration plant is scheduled to be in operation by the end of the year followed by a maiden resource after completion of an 11,000m programme.

 

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Mon, 20 Aug 2018 07:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/203203/arc-minerals-posts-profit-as-focus-shifts-to-africa-203203.html
<![CDATA[RNS press release - 2018 Annual Report and Financial Statements ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180820070738_13760583/ Mon, 20 Aug 2018 07:07:38 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180820070738_13760583/ <![CDATA[News - Arc Minerals excites investors as it updates on Kalaba exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/202857/arc-minerals-excites-investors-as-it-updates-on-kalaba-exploration-202857.html Arc Minerals Ltd (LON:ARCM) shares advanced as it revealed the findings of a drill programme on the Kalaba prospect, part of the Zamsort copper-cobalt project.

The company said the programme is progressing well, with ten drill holes to date completed for a total of 1,435 metres.

WATCH: Arc Minerals ups stake in Zamsort, kicks off new drilling

First results are expected over the next few weeks, though the company said that three holes had intersected visible mineralisation for more than 80 meters - in one of those holes, the mineralisation started six metres from surface.

"I am very pleased with the progress of the drilling programme to date,” said Nick von Schirnding, executive chairman.

“A number of holes have intersected pervasive mineralisation with visible copper and cobalt over thicknesses of 80m which is particularly exciting. 

“I look forward to updating on the progress of the initial assay results as well as the RC drilling programme which will commence imminently."

Arc told investors that it is currently working on the logging, core cutting as well as sample preparation and sending the samples to the laboratory for multi-element testing.

In London, Arc shares gained 0.51p or 12.18% changing hands at 4.74p.

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Tue, 14 Aug 2018 13:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/202857/arc-minerals-excites-investors-as-it-updates-on-kalaba-exploration-202857.html
<![CDATA[RNS press release - Kalaba Drilling Programme Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180814122653_13754972/ Tue, 14 Aug 2018 12:26:53 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3739/LSE20180814122653_13754972/