Zambezi Resources Ltd (ASX:ZRL) aims to develop its flagship Kangaluwi Copper Project in Zambia. The Company is undertaking step out and infill drilling for resource expansion and finalise the feasibility study for the development of the Kangaluwi Project.
Zambezi Resources (ASX: ZRL) is poised to release an announcement regarding its Environmental Impact study application in Zambia and has been placed in a trading halt on the ASX.
The company had recently upgraded the Mineral Resource at the Kangaluwi Copper project to 46 million tonnes at 0.67% copper, for 300,000 tonnes of contained copper.
This is up 50% over the 2010Mineral Resource of 23 million tonnes at 0.85% copper for 200,000 tonnes of copper.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 13th September.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.