Arc Minerals
Featured
Commodity Exposure:
Cobalt, CopperDevelopment Stage: Development
Regions of Operation: Africa
Countries of Operation: Zambia
Exchange: LSE/AIM
Zamsort Copper-Cobalt Project
Arc Minerals through its subsidiaries in Zambia has a controlling interest in several licenses in the North-Western province in Zambia located in the Domes region of the Zambian copperbelt near world-class mines such as First Quantum Minerals’ Sentinel and Kansanshi copper mines and Barrick’s Lumwana mine. . Zamsort Limited, where Arc has a 66% interest, has 407 km2 of exploration ground under license, whilst Zaco Investments Limited, where Arc has 42.5% interest, has 465 km2 of exploration ground under license. In total these licence areas cover 872 km² and include the advanced Kalaba copper-cobalt project.
The Kalaba Development Project consists of two licences - a 4 km² Small-Scale Mining License (“SML”) and immediately adjacent and to the west and north, a 4 km2 Small-Scale Exploration License (“SEL”). The ZamCo exploration licenses enclose these development licenses and covers a combined area of 864.50 km2. The licenses were previously explored by Equinox Minerals Limited (“Equinox”) and Anglo American Prospecting Services (“AAPS”) by way of the Zambezi Joint Venture’ (“JV”) through AAPS's affiliate Zamanglo Prospecting Ltd (“Anglo American”) during the late 1990s as part of the Kabompo Project.
