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Arc Minerals Limited

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Market:
AIM
Market Cap:
£19.74 m
Price
2.67 GBX
Change
0.92%
52 weeks high
5.10
52 weeks low
2.06

Corporate Strategy

The strategic vision of Arc Minerals is to build a leading African focused copper and gold exploration company leveraging the three core fundamentals it has put in place for delivering on this vision:

  • High quality project pipeline;
  • Highly qualified and experienced team with a proven team track record of finding resources and building mines; and
  • Supportive institutional and retail shareholder base.

Zamsort Copper-Cobalt Project - Zambia 

Arc Minerals through its subsidiaries in Zambia has a controlling interest in several licenses in the North-Western province in Zambia located in the Domes region of the Zambian copperbelt near world-class mines such as First Quantum Minerals’ Sentinel and Kansanshi copper mines and Barrick’s Lumwana mine. . Zamsort Limited, where Arc has a 66% interest, has 407 km2 of exploration ground under license, whilst Zaco Investments Limited, where Arc has 42.5% interest, has 465 km2 of exploration ground under license. In total these licence areas cover 872 km² and include the advanced Kalaba copper-cobalt project.

 

Arc Minerals through its subsidiaries in Zambia has a controlling interest in several licenses in the North-Western province, located in the Domes region of the Zambian copperbelt near world-class mines such as First Quantum Minerals’ Sentinel and Kansanshi copper mines and Barrick’s Lumwana mine. The license areas are located approximately 900 km from Lusaka, in Mwinilunga, North Western Province, and is well within the trending arm of the major geological structure known as the Lufilian Arc (Copperbelt), on the western flank of the Kabompo Dome. The Copperbelt is home to all the major copper mines in Zambia and these licenses represent one of the last dome-related areas in Zambia yet to be explored in any detail.

Over the last thirteen years, three new major copper mines have been discovered and constructed to exploit the mineral resources in the new western part of the Zambian Copperbelt. This region now accounts for a substantial part of Zambian copper production and the Kalaba project and the surrounding ZamCo exploration licenses are in close proximity to large operations such as First Quantum Minerals’ Sentinel and Kansanshi mines and Barrick Gold’s Lumwana mine.

The Kalaba Development Project consists of two licences - a 4 km² Small-Scale Mining License (“SML”) and immediately adjacent and to the west and north, a 4 km2 Small-Scale Exploration License (“SEL”). The ZamCo exploration licenses enclose these development licenses and covers a combined area of 864.50 km2. The licenses were previously explored by Equinox Minerals Limited (“Equinox”) and Anglo American Prospecting Services (“AAPS”) by way of the Zambezi Joint Venture’ (“JV”) through AAPS's affiliate Zamanglo Prospecting Ltd (“Anglo American”) during the late 1990s as part of the Kabompo Project.

The current ZamCo licenses encompass 9 of 30 exploration targets that were ranked in the late-90’s by the JV over the Kabompo Project, which include the top seven ranked targets. First Quantum Minerals’ Kalumbila property, better known as the Trident Project, developed to become the Sentinel copper mine and is forecast to produce approximately 220,000 tonnes of copper in 2018. Its Enterprise Nickel project, is, like Kalaba, also located at the flanks of the Kabompo dome and approximately 40 km to the east of ZamCo’s licenses.

At the time of the JV, Kalumbila was originally ranked number 22 out of JV’s top 30 Kabompo Project targets with an original exploration target size of six million tonnes of ore; eventually a copper Resource in excess of 1 billion tonnes of ore (one of the largest in Zambia) was demonstrated - during this same period the initial Anglo-American exploration target for Kalaba exploration target was 150 million tonnes of ore.

Previous limited exploration work at Kalaba has resulted in the delineation of a non-code compliant in-house copper-cobalt Resource estimate of 16.59Mt @ 0.94% Cu Eq. Arc Minerals has commenced with an exploration drilling campaign and firmly believes that the Kalaba Project and along with the exploration targets in the ZamCo Licenses offer significant potential for proving a major tier-one copper-cobalt discovery.

Please click here for futher information 

Misisi Gold Project DRC

The Misisi Gold Project (“Misisi”) is a large and prospective exploration property located near the town of Misisi located 250km south of Bukavu, the provincial capital of the South Kivu Province in the Democratic Republic of the Congo (“DRC”). The Misisi Project hosts the Akyanga gold deposit which currently has an Inferred Mineral Resource of 44.4 million tonnes at 2.16 grams per tonne containing 3 million ounces on a 100% basis and 2,164,500 ounces on a 72.15% attributable basis. The statement of Mineral Resources in Table 1, completed by Denny Jones Pty Ltd (“Denny Jones”), a leading Australian based Resource Consultancy is reported in accordance with the requirements of the 2012 JORC Code.

For further information please click here 

Šturec Gold Project Slovakia

The Šturec gold project (“Šturec”) is a large prospective gold exploration license. The project is located in central Slovakia approximately 1.5km north east of the town of Kremnica and, as the crow flies, 17km west of central Slovakia's largest city, Banská Bystrica. The project has a JORC (2004) compliant mineral Resource of 1.36 Million ounces of gold equivalent. A Pre-Feasibility Study (“PFS”) of the mining aspects of the Šturec Project was completed by SRK Consultants (“SRK”), a leading international engineering firm in April 2013. The PFS was in turn built upon an earlier Scoping Study completed by SRK in January 2012; both studies confirmed the economic viability of the Šturec Project. The SRK PFS confirms the economic viability of the Šturec Project.

Since the publication of the PFS, the Company has been working with the local community and stakeholders to develop win-win sustainable mining solution with the aim to realise a long-term sustainable mining operation benefitting all stakeholders. However, given Arc Minerals’ new strategic direction the Board views the Šturec project as non-core and in this light Arc Minerals is currently engaged in a number of discussions with several groups with the aim to divest of the Šturec Project.

 

Nick von Schirnding - Director and Executive Chairman


Don Bailey - Non-Executive Director


Brian McMaster- Non-Executive Director


Jonathan De Thierry - Non-Executive Director


Mumena Mushinge Non-Executive Director


Rémy Welschinger Non-Executive Director

Arc Minerals Ltd
2nd Floor
180 Piccadilly
London W1J 9HF
United Kingdom


Arc Minerals Ltd
Craigmuir Chambers
Road Town
Tortola
British Virgin Islands
VG 1110

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

Shareholders

Capital Structure
Shares Outstanding 708,551,551
Warrants & Options 191,637,112
Fully Diluted 900,188,663
Major shareholders
Mumena Mushinge 8.10%
Karl-Erik von Bahr 4.00%
Nick von Schirnding 2.41%























Last updated 10 July 2019

 

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