Proactive Investors - Run By Investors For Investors
Why invest in ARCM?
Arc Minerals Limited: DEEP DIVE
OVERVIEW

Arc Minerals Ltd sees significant upside at Zambian copper asset

Arc Minerals has significant upside at Kalaba in Zambia
gold bars
OVERVIEW: ARCM The Big Picture
Arc already boasts a significant gold resource in the Democratic Republic of Congo

Ortac’s change of name to Arc Minerals Ltd (LON:OTC) was 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 of that year, 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 has now completed the acquisition of the vehicle that controls Misisi, Casa Mining, and one of von Schirnding’s first moves was to appoint Casa founder Jonathan de Thierry to the Arc board.

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 form a formidable team to take Arc forward to the next stage.

Taking centre stage is the Kalaba copper project in Zambia, control of which Arc has recently consolidated.

This project is currently the subject of a 11,000 metre drill campaign, but perhaps more significant for the near-term there is a substantially complete copper-cobalt processing plant on site.

First saleable product is expected shortly albeit on a fairly small scale from stockpiles and an initial open pit operation. 

Meanwhile, recent work has now boosted the resource at the Akyanga deposit on Misisi in the Democratic Republic of Congo to 3mln ounces of gold at 2.16 grammes per tonne.

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

This work is being undertaking on a securer footing than the company had hitherto been accustomed to. 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.

He recently raised money from Scotland's richest woman, and all told his fundraising efforts have a far more institutional flavour to them. 

So, the money’s in. The new board’s in place. Progress at Misisi and Kalaba is ongoing.

The market capitalisation is currently just under £30mln, significantly higher than where it was at when von Schirding joined. . 

View full ARCM profile View Profile

Arc Minerals Limited Timeline

Related Articles

Unloading concentrate at Wyndham port shed
January 15 2019
Ramp-up to full underground production is on schedule and concentrate is being trucked to the Wyndham port.
1548859395_drilling.jpg
January 31 2019
A maiden JORC resource is expected by June after the company drilled a 18.2-metre wide intersection grading 40.3% zinc.
A drill rig
January 16 2019
Sophisticated investors have served up $15 million for the drilling effort.

© Proactive Investors 2019

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