ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ZRL Zambezi Res

1.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zambezi Res LSE:ZRL London Ordinary Share BMG988411028 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.25 GBX

Zambezi Resources (ZRL) Latest News

Real-Time news about Zambezi Res (London Stock Exchange): 0 recent articles

Zambezi Resources (ZRL) Discussions and Chat

Zambezi Resources (ZRL) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Zambezi Resources (ZRL) Top Chat Posts

Top Posts
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 14/7/2008 07:29 by 5dally
Uranium Joint Venture Update




RNS 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.com

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.
Posted at 02/11/2007 18:51 by ramnik007
With all the excitement in the mkts, ZRL share price is carm. Need some newsflow on Gold to get the share price moving.
Zambezi Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock