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

Arc Minerals continues to make progress with key projects

Executive chairman, Nick von Schirnding, said the Cheyeza and Lumbeta anomalies discovered at Zamsort are a “potential game changer"
OVERVIEW: ARCM The Big Picture
Assets include the Zamsort copper-cobalt project in Zambia
  • Several new anomalies discovered at the Zamsort project

  • Drilling of new targets at Zamsort to commence shortly 

  • Well-funded after £2.2mln share placing in February


What Arc Minerals does:

Arc Minerals Ltd (LON:ARCM) is an AIM listed explorer focused on copper, cobalt and gold projects in Africa.

What it owns:

Assets include the Zamsort copper-cobalt project in Zambia, the Casa and Misisi projects in the Democratic Republic of Congo and the Sturec gold project in Slovakia.

Inflexion points:

  • Arc Minerals has discovered several large new anomalies on the Zamsort project. The two most prospective are Cheyeza and Lumbeta.
  • Infill soil sampling has commenced over the new target areas at Zamsort, and 1,200 samples have been grabbed.
  • Drilling of new targets at Zamsort will commence as soon as weather conditions permit.
  • Arc Minerals said in February that it had sold its 18.48% stake in Eritrea-focused copper explorer Andiamo Exploration for US$250,000. The sale is part of the group’s strategy to sell non-core assets.
  • The company raised £2.2mln though a share placing in February to fund the continuing exploration and development work on Zamsort and for general working capital purposes.

What the boss says:

Nick von Schirnding, executive chairman of Arc Minerals, said the Cheyeza and Lumbeta anomalies at Zamsort are around 10 order of magnitudes larger than anything previously looked at in the project area and are a “potential game changer for Arc Minerals”.

View full ARCM profile View Profile

Arc Minerals Limited Timeline

Related Articles

Thomas Creek porphyry target
February 08 2019
The company is focused on copper, cobalt, gold and nickel prospects on Tasmania's west coast.
Workers underground at Prieska mine
April 17 2019
Orion has sorted an ownership milestone as it prepares a BFS and awaits a mining right.
Pacific American Coal's Elko coking coal project in Canada
January 10 2019
The company drilled the project in 2018 and is waiting on laboratory assays.

© 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