Sign up Australia
Proactive Investors - Run By Investors For Investors
Why invest in ARCM?
Arc Minerals Limited: THE INVESTMENT CASE

Ortac’s name change to Arc Minerals signifies a new dynamism in its African focus

Arc Minerals says goodbye to its old name and hello to bigger and better upside in Africa
gold bars
Arc already boasts a significant gold resource in the Democratic Republic of Congo

Ortac’s change of name to Arc Minerals Ltd (LON:OTC) represents the culmination of a significant chapter in the company’s development, that was first heralded by the appointment of Nick von Schirnding to the board in January of 2017.

Von Schirnding was subsequently elevated to the position of executive chairman in October, and along the way has brought with him new board appointments and a new focus on Africa.

WATCH: From Ortac to Arc Minerals..floating a new name

Ortac’s old Slovakian project, which came with a heavy legacy of social issues, will now be divested, while the Misisi gold project in the Democratic Republic of Congo and the Kalaba copper-cobalt project in Zambia move to centre stage.

Arc Minerals is currently in the final stages of acquiring the vehicle that controls Misisi, Casa Mining, and one of von Schirnding’s most recent moves has been to appoint Casa founder Jonathan de Thierry to the Arc board early in January.

He joins recent appointee, Brian McMaster, a long-time colleague of von Schirnding at Garrison Capital, the well-known incubator behind junior miners such as Harvest Minerals (LON:HMI) and Jangada Mines (LON:JAN).

Together, they will form formidable team to take Arc forward to the next stage.

As it stands, the company already owns nearly 90% of the Casa shares, and Casa in turn controls a resource already known to contain at least 1.5 mln ounces of gold at the Akyanga deposit on Misisi.

The most recent drilling from Akyanga has continued to provide encouragement, delivering amongst others, intercepts of 4.55 metres grading 3.15 grams per tonne gold and 6.70 metres grading 2.01 grams.

What’s more, von Schirnding has been able to bring new and significant money to the table to take the African assets forward, in total around £3.7 mln. What’s more, the most recent placing was over-subscribed.

READ: Ortac Resources hits more gold at good grades at Akyanga deposit in DRC

Whereas during the mining bear market, it sometimes seemed as though Ortac was running on fumes, and raising tiny scraps of cash here and there, von Schirding has brought a whole new dynamic, helped along the way by better markets.

So, the money’s in. The new board’s in place. Progress at Misisi is ongoing, and the appetite is there to kick-start activity in Zambia again, and get the cobalt and copper story really moving again too.

The market capitalisation is currently just under £6mln. But with this new momentum, that’s likely to change pretty fast now. After all, how many companies out there that boast an existing 1.5mln ounce gold resource, as well as significant cobalt potential.

In these interesting times, that just could be the winning combination that investors will flock to.

View full ARCM profile View Profile

Arc Minerals Limited Timeline

Related Articles

project area
July 12 2018
The Gabanintha Vanadium Project is one of the highest-grade vanadium deposits in the world.
June 27 2018
In April this year, the group said it was fully funded for exploration at the project for the next 18 months
Picture of gold bar
March 21 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use