https://www.miningweekly.com

Arc lifts Zamsort stake to 66%

11th July 2018

By: Creamer Media Reporter

     

Font size: - +

Aim-listed Arc Minerals has acquired a further 5% interest in Zamsort, the operator of the Kalaba copper/cobalt project, in Zambia.

It now owns 66% of Zamsort, with the other 34% interest held by Kopara Investments.

“This is a yet another step forward in consolidating our ownership in Zamsort and to increase Arc's exposure to this large and exciting copper/cobalt asset,” Arc chairperson Nick von Schirnding said on Wednesday.

Arc has started an 11 000 m drilling programme, comprising 6 600 m of diamond drilling and 4 400 m of reverse circulation drilling, at the project. The programme is aimed at delineating a shallow oxide resource for a commercial-scale demonstration plant, as well as to establish a maiden mineral resource estimate at Kalaba. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION