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Share Name | Share Symbol | Market | Stock Type |
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Zambezi Res | ZRL | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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1.25 | 1.25 |
Top Posts |
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Posted at 18/2/2011 10:48 by clearsoup The shares are HotInOz, and the HotCopper board is active. ZRL under the new management team has made solid progress, and could turn into a serious growth company. |
Posted at 14/4/2010 04:39 by tartan_penguin2 ZRL has relisted on the ASX. |
Posted at 11/3/2009 07:16 by tartan_penguin2 Good news. Trading to resume soon.RNS Number : 5932O Zambezi Resources Ltd 10 March 2009 10 March 2009 Zambezi Resources Limited Results of EGM Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX: ZRL) today announces all resolutions were duly passed at its Extraordinary General Meeting ("EGM") held on 9 March 2009 in Bermuda. The resolutions put to the shareholders at the EGM were to approve the Share Subscription Agreement and Convertible Note Agreement that the Company entered into with Astron Limited ("Astron") as announced on 28 January 2009. Further to the above shareholder approval the board has resolved that, once the subscription monies from Astron have cleared, to issue and allot the 171 million shares to Astron and to apply for these ordinary shares to be admitted to trading on AIM. A further announcement will be made in relation to this in due course. Shareholders have also approved the issue of the unsecured convertible note to Astron at a face value of $6 million (the "Note"). Astron has an absolute discretion to elect to subscribe for the Note, to be exercised within three months after Zambezi shareholder approval. A further announcement will be made in relation to the convertible note in due course. The board of Zambezi believes that the Transaction will secure necessary funding for the foreseeable future and at the same time provides the Company with a strategic investor. Astron is listed on the ASX and located in Sydney, Australia, but also has a strong presence in China with an office in Shenyang. Astron's interest in Zambezi is principally as a strategic opportunity to ultimately supply copper from Zambia into China leveraging off Zambezi's copper/gold projects and facilitating Zambezi's entry into Chinese markets. The transaction will ensure the survival of the Company and add longevity to its existing projects. The Company's shares were suspended from trading on ASX on 31 October 2008 and AIM on 3 November 2008 pending clarification of the Company's financial position. A further announcement in relation to the restoration of trading will be made in due course. |
Posted at 20/11/2008 13:29 by vanbrussel From HotCopper 14/11:jaluma, Fat Prophets have said that ZRL are aiming to achieve a standstill agreement with Creditors covering at least the next 5 month period |
Posted at 03/11/2008 14:11 by vanbrussel What are you talking about ghhghh?It appears the focus is on Kangaluwi, uptill now 100% Zambezi. Who is in the bid for 51% of this project? As for size and quality ZRL should get something upward from US$ 10M Who or what is going to surprise us and in what combination? (Personally, I do not have any holding in ZRL at this time) |
Posted at 31/10/2008 13:03 by skyracer I doubt there will be any real funding van. Best shareholders can hope for is the sale of ZRL for a few pence. The sale of LMY shares to LMY directors for 0.5p stinks, considering they were placed just a year ago at 5p. LMY has cash, I am sure the shareholders would have been happy to pay 0.5-1p to buy back such a large % of their own shares. Why didnt LMY buy back the shares? IMO it was splitting off LMY that did the damage, spreading resources too thinly, compounding the error by subscribing to LMY placings. Strange that ASX suspended yet AIM still open. |
Posted at 30/10/2008 20:25 by vanbrussel So how is that?ZRL sold its entire holding of 26,633,621 ordinary shares in Lithic for a total consideration of £133,168. 30/10/08 Midprice Lithic = 2.75p ZRL got 0.5p pro share! Someone who can explain this, do I miss the point somewhere |
Posted at 23/10/2008 15:28 by vanbrussel What about a Quarterly Report?Company has been silent for months now... Board Changes October 20, 2008: Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX:ZRL) announces that Mr Jeremy Wrathall has resigned from the board of directors of the Company with effect from 17 October 2008. Mr Wrathall has been with the Company since its admission to the AIM Market of the London Stock Exchange in July 2004. The board would like to sincerely thank Mr Wrathall for his contributions over the past four years to the Company and wish him well in his future endeavours. Zambezi would also like to announce that as a result of relocation to Adelaide for family reasons, Mr Geoffrey Johnson will no longer be able to contribute to progressing the existing projects of the Company on a full time basis. The board of Zambezi have agreed that Mr. Johnson will therefore change status from executive director to non-executive director. Mr Johnson continues to be available as a consultant to the Company. -------------------- Mr Jeremy Bruce Earl Wrathall B.Sc.Hons (Mining Engineering), ACSM NON-EXECUTIVE DIRECTOR BRITISH Mr Wrathall has extensive experience of both the practical and financial aspects of mining. After graduating as a mining engineer from the Camborne School of Mines in 1985 he worked for 3 years on various gold and base metal mines in South Africa . Following his return to the UK he has spent 16 years working as an investment analyst and equity salesman in the City of London . He is currently a principal partner of GMP Securities Europe LLP and specialises in mining equities. -------------------- Dr Geoffrey Johnson B.Sc.Hons, PhD (Geology), Grad.Dip.Env.Sc EXECUTIVE DIRECTOR EXPLORATION AUSTRALIAN Dr Johnson became an Executive Director of the Company on 1 March 2005, providing the Company with direction in the exploration operations. He has accumulated over 25 years experience in multicommodity mineral exploration throughout Australia and Africa. Dr. Johnson was awarded a PhD in 1992 from the University of Adelaide where he graduated in 1980 with an honours degree in Geology. Dr Johnson is a Member of the Geological Society of Australia, and the Society for Geology Applied to Mineral Deposits, and is a Fellow of the Australian Institute of Geoscientists and the Society of Economic Geologists. |
Posted at 04/9/2008 10:42 by vanbrussel Well at least they have something big with Kangaluwi. Can they translate this into shareholder value right now? It's over 40km to Rufunsa and 100km to the grid once Kafue Lower is build. After 2015 for certain. On the plus side the 400Ktpa NFCA Chambishi smelter and Glencore's Isasmelt at Mufulira need sulphides for sure.40Mt at 1% is too small, they absolutely need over 100Mt to get some market recognition. Possibly only then they will JV the Kangaluwi project. Just an opinion, I'm new to the Zambian belt. Although if somebody needs some info for DD: Zambian Copperbelt (Beta, 333 mining related placemarks) Google Earth: zoom in on Zambia and enter ZRL for 23 ZRL placemarks Open a dot and click on 'Zambian Copperbelt' for the whole mining bunch And zoom-in again to avoid a headache LOL |
Posted at 14/7/2008 07:29 by 5dally Uranium Joint Venture UpdateRNS Number : 9623Y Zambezi Resources Ltd 14 July 2008 14 July 2008 Zambezi Resources Limited ("Zambezi" or "the Company") Uranium Joint Venture Update * VTEM survey on Rio Uranium JV highlights electromagnetic conductors in regional shear zone over 30 kms strike length * Conductors associated with interpreted graphitic shale and uranium anomalism evident in radiometric data * Preliminary geophysical modeling completed * Trenching, geological mapping, PIMA survey and drilling to commence in Q3 2008 * ZRL and Rio agree to expand JV area to incorporate newly identified prospective area Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX:ZRL) today announces progress on its Uranium Mineral Rights joint venture with Rio Tinto in southern Zambia. The joint venture recently completed a major VTEM survey at Mulofwe and identified several electromagnetic conductors within a regional shear zone interpreted to form part of the continent-scale Mwembeshi Shear system. The shear zone is evident in electromagnetic and radiometric data over a strike length in excess of 30km, and continues beyond the survey boundary to the east and west. Preliminary interpretation suggests that the conductors are associated with the position of a regionally extensive graphitic shale unit. Previous radiometric surveys carried out by Zambezi have highlighted uranium anomalism believed to be associated with this unit. Geophysical modelling has been carried out on the eastern-most conductor within the shear zone. The modelling suggests the presence of a conductor of approximately 2km strike length dipping about 60o to the north and plunging gently to the east. The joint venture plans to conduct follow up work to investigate the potential for an association between the conductive graphitic shales, the uranium radiometric anomalism and potential uranium mineralisation. This work will commence in Q3 2008 under the management of Rio as joint venture operators, and will comprise trenching, geological mapping, PIMA surveying and drilling. In order to maximise the chances of success for the project, the joint venture partners have agreed to extend the area of the joint venture to cover the entirety of the prospective stratigraphy. This will be under the same terms of the existing Uranium Mineral Rights agreement. Downloads available from the Zambezi website at: www.zambeziresources For more information contact: Julian Ford, Managing Director Jeremy Wrathall, Non-Executive Director Zambezi Resources (Australia) Zambezi Resources (London) +61 (08) 9216 9000 Mob: +44 7712 776 100 +61 (0) 418 949 580 Fiona Owen Simon Edwards / Adam Lloyd Grant Thornton UK LLP Evolution Securities Ltd +44 20 7383 5100 + 44 20 7071 4300 Nicholas Read / Kate Bell Laurence Read / Graham Herring Read Corporate Threadneedle Communications +61 (08) 9388 1474 +44 20 7936 9600 +61 (0) 419 929 046 ADDITIONAL INFORMATION Zambezi is listed on London's AIM market and the Australian Securities Exchange (ASX & AIM Ticker: ZRL) and currently has two main projects, Cheowa and Kangaluwi. Zambezi is one of Africa's most active exploration companies with a large exploration execution capacity consisting of over 20 geologists and at least eight contracted drill rigs. The company is focused on discovering and developing large Copper-Gold projects in southern Zambia. At Kangaluwi, which is 100% owned, Zambezi is conducting extensive exploration drilling, as the company believes that the Kangaluwi project has the potential to be a world class open pit copper deposit. Zambezi plans a major resource drill out campaign in 2008 and 2009. The company also has entered into two Uranium Joint Ventures on approximately 50% of its tenement area, one with Rio Tinto and the other with Lithic Metals and Energy. Under terms agreed in the Letter of Intent with Rio Tinto, Rio have committed to spend US$1 million minimum to assess the potential for uranium mineralisation over approximately 1,250 km2 of the Mulofwe prospect. Rio Tinto may elect to spend an additional US$5 million to earn 51% of the Uranium Minerals rights, in which case the parties have agreed to form an Incorporated Joint Venture. Once Rio Tinto has earned a 51% interest in the project, Zambezi may elect to retain their 49% interest by meeting their share of expenditure or elect to dilute to 20% in which case Rio Tinto may earn an addition 29% for a total of 80% by completing a Bank Feasibility Study. Zambezi may elect to convert their interest to a 2.5% Net Smelter Royalty at any time after Rio Tinto has earned its 51% share of the project. Rio Tinto will be the manager of the exploration program and any Joint Venture entered into. The greater Mulofwe project covers 3,183 km2 and also contains Zambezi's Mulofwe Dome, a priority exploration target, and parts of the Chongwe Copper Belt which has been joint ventured to Glencore. Only the newly discovered Mwapula prospect falls within the Rio Tinto LOI area. Mwapula has returned high grade, lead, silver and copper rock chips. Zambezi will retain rights to explore for and develop all non-Uranium minerals over this area. The information in this report that relates to Exploration Results is based on information compiled by Exploration Director Geoffrey Johnson BSc (Hons), PhD, Grad Dip Env Sc. Dr Johnson is a full-time employee of Zambezi Resources, and a Fellow of the Australian Institute of Geoscientists. Dr Johnson is a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. The information in this report that relates to the interpretation of geophysical survey data is based on information compiled by Mr Bill Peters BSc (Hons), who is a Director and Senior Consulting Geophysicist of Southern Geoscience Consultants. Mr Peters is a Member of the Australian Institute of Geoscientists, and a Fellow of the Australasian Institute of Mining and Metallurgy, and is a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Peters consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. |
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