Zambezi Resources Share Discussion Threads

[clearsoup] 22/1/2008 20:23

Today's Kangaluwi drill results were not insignificant, see

although in this market signifying is not an easy task for small caps!

[umair] 22/1/2008 16:09

Looks like there's some support out there around 15p but we'll have to wait until March / April for significant news on Cheowa, Mulowfwe Kangaluwi.

[daz] 23/12/2007 12:45

Just noticed an update from Carmichael on the website.



They reckon that the current Cheowa resource is based on only 40% of the drilling and guesstimate that it could support a 1/2 MTPA operation for 7 - 8 years. Also
interesting to note that see Kangaluwi as equally or more significant than Cheowa.

They still maintain a 87c (just under 40p) target.

That said technically ZRL has been weak since July but may be approaching a support level seen earlier in the year. There is certainly considerable news flow expected in the next few months, resulting from the delayed assay results from the lab, so could bounce from if copper prices continue to firm.

[freo] 23/12/2007 11:27

A mention in todays Perth Sunday Times as a speculative buy in the business section. Maybe one day in the not too distant future we may start to see the herds recognise the potential in this company.....unless it is only me !!

[freo] 13/12/2007 07:26

Bound to be a mark up today as Oz price went up by 12%.
Can only be be people digesting yesterdays announcement.
Would be nice to think that something else is going to happen as the usual
" buy on the rumour , sell on the fact " scenario might not be quite true.

[clearsoup] 12/12/2007 11:04

Likewise, Aspers. (Ps my daughter was asking whether you had any news of 'Lucky').

[aspers] 12/12/2007 09:44

I have held these since the 25p days!!, also topped up on the recent falls.....reading into the company they have too many fine assets to be spooked into selling.....I believe once they start to move north they will attract the attention of many others and not look back again.....I am looking forward to that day and happy to hold no matter how long that should take, then the rewards will be big indeed!!!

[gardenarc] 12/12/2007 08:38

interesting...

[clearsoup] 11/12/2007 23:33

Today's interims give a detailed update on exploration activity. The Co is full-on with prefeasibility studies for Cheowa (JV'd with Glencore), which Mirabaud guestimate to be worth 19p per share; and have several other serious prospects. Comrades! do not let the deathly hush on this thread deter you. There are some big beasts behind this co, and there may be elephants out there.

[umair] 19/11/2007 10:11

Looks like the Rio Tinto stake could soon by owned by BHP... any comments ?

[ramnik007] 16/11/2007 07:40

Julian Ford will be attending the 20:20 event next week, and I believe ZRL will have a exhibitor stand. Hopefully he has a positive RNS under his sleeve next week.

[freo] 15/11/2007 12:37

The reason ZRL listed on the ASX was for it to get some liquidity as the shares were said to be too tightly held by funds & institutions in the UK.
I am starting to wonder if the same is to be now said on the ASX market.
Volume is to say the least minimal & the price difference between 22.5 pence &
the 45 cents is just over 6 cents which is quite a disparity to say the least.
For all the announcements prior to the listing on the ASX about it being 3 times oversubscribed does not seem to be bearing up much.
I believe in this company in the long run but it is getting quite frustrating to see so many other companies share price go screaming upwards on what I believe to be at worst similar announcements over here in Oz.
Hopefully soon we will get some good upwards movement or I am missing something in all the good news this company keeps harping on about.

[aspers] 14/11/2007 13:00

Why do most trades with ZRL show as sell's......the last time the share jumped quickly up from 20p most trades showed as sell's wher I believe infact they were probably buys!! Anyone got the answer to that???

[ramnik007] 02/11/2007 18:51

With all the excitement in the mkts, ZRL share price is carm. Need some newsflow on Gold to get the share price moving.

[umair] 01/11/2007 16:30

Not that I think there is anything to be concluded by it, but it's good to see a slow but constant stream of smallish buys in the last few days.

[aspers] 31/10/2007 07:50

With gold prices set to continue their steady rise I see this having great multi-bagger potential in the not too distant future!!

[aspers] 25/10/2007 10:54

Highlights for the Quarter

Zambezi Resources Ltd
24 October 2007

24 October 2007

Zambezi Resources Limited
("Zambezi" or "the Company")


HIGHLIGHTS FOR THE QUARTER



COPPER PROJECTS


• Mineralised strike at Cheowa CC2 prospect extended to 2,100 metres, a
300% increase from the strike of the previously defined resource.


• Further mineralised zone identified east of CC2 at conductors CC3, CC4
and CC6, commencing 300m to the east of CC2 and extending an additional 800m
along strike to the east


• Scout Diamond Drilling 7.5 km east of CC2 defines further mineralisation,
over 600m of strike at conductors CC11, CC12, CC13 and CC15.


PROJECT GENERATION


• Three new discoveries highlight Zambian prospectivity


URANIUM PROJECTS


• Letter of Intent signed for Rio Tinto to earn into Uranium Rights at Mulofwe


CORPORATE


• Zambezi admitted to the Official List of the ASX on 3 July


CORPORATE


Following the decision to undertake a dual listing on the Australian Securities
Exchange (ASX), the Company successfully concluded an initial public offer, and
was admitted to the Official List of the ASX effective 3 July 2007. The offer
comprising 33.3 million shares at A$0.45 each closed more than three times
oversubscribed.


To the end of September 2007 1,080,000 employees options and 1,900,000 warrants
were exercised and 2,180,000 employee options were granted to staff.


The issued capital of the Company as at 30 September 2007 was 187,985,279
shares.



OPERATIONS


During the Quarter, significant progress was made on the Company's priority
Zambian projects at Cheowa and Kangaluwi. Eight drilling rigs conducted drilling
on three copper-gold projects, and in excess of 50,000m of drilling has been
completed to date this field season. Assay results have been received for only
20% of the holes drilled to date.



COPPER PROJECTS



At Cheowa (Glencore AG International earning 51%), the Company's priority
copper-gold project, four drilling rigs continued resource definition drilling,
with 29,500 metres of drilling completed to the end of September.



Infill and extension Reverse Circulation ("RC") drilling at the CC2 prospect
returned encouraging results including 11m at 3.18% copper and 0.25 g/t gold, 8m
at 2.12% copper and 2.15g/t gold, 9m at 1.57% copper and 0.24 g/t gold, 8m at
1.56% copper and 0.46g/t gold, 4m at 1.57% copper and 0.31g/t gold, 4m at 1.53%
copper and 0.54g/t gold, 4m at 4.31% copper and 0.99 g/t gold, 6m at 1.87%
copper and 0.25 g/t gold, 6m at 1.76% copper and 0.20 g/t gold, 5m at 1.78%
copper and 0.23 g/t gold, 4m at 2.14% copper and 2.01 g/t gold, 6m at 1.41%
copper and 0.40 g/t gold, and 7m at 1.14% copper and 0.07 g/t gold (Table 1).



Diamond drilling at the CC2 prospect also returned excellent results including
4m at 3.00% copper and 0.40 g/t gold, and 7m at 1.70% copper and 0.40 g/t gold
(Table 1).



At the CC2 prospect - where an initial Inferred Mineral Resource estimate
prepared in accordance with the 2004 JORC Code of 1.7 million tonnes at 1.5%
copper and 0.5g/t gold was reported earlier this year - a total of 80 RC holes
for 12,700 metres and 6 diamond holes for 1,050 metres have been completed so
far this field season. The drilling is designed to infill and extend the area
incorporated in the resource estimate. The results received and reported to date
are from 42 of the 80 RC holes and 2 of the 6 diamond holes.



Based on assays received and visual estimates, the strike length of
mineralisation at CC2 has been extended to 2,100 metres, a 300% increase from
the strike of the previously defined resource. CC2 remains open to the west and
at depth, with drill testing only to 200m vertical to date. A new phase of
diamond drilling to test to 400m vertical and then to 600m vertical has now
commenced at CC02 with the arrival of a deeper capacity drilling rig.



A revised resource estimation exercise is now underway for CC2, with results
expected in November. Prefeasibility work is underway, with expert consultants
now appointed in the following areas: process design; mine design; comminution
testwork and design; power, water and transport infrastructure; geotechnical
engineering; environmental management; and resource estimation. The
pre-feasibility study remains on track for completion in May 2008.



Table 1: Cheowa Copper-Gold Project, RC and Diamond Drill Hole Assay Results


Drillhole Coordinates Dip Azi Total From To Interval Cu Au
N E Depth (m) (m) Width % g/t
(m) (m)

CHERC0001 8266191 728150 -60 160 90 40 51 11 3.18 0.25
CHERC0003 8266217 728192 -60 160 87 32 36 4 1.00 0.02
38 46 8 2.12 2.15
CHERC0005 8266233 728250 -60 160 81 10 16 6 0.54 0.06
21 28 7 0.95 0.96
CHERC0006 8266316 728220 -60 160 140 101 110 9 1.57 0.24
CHERC0008 8266305 728339 -60 160 80 43 47 4 1.57 0.31
CHERC0009 8266273 728228 -60 160 64 37 45 8 1.56 0.46
CHERC0010 8266270 728304 -60 160 172 130 134 4 1.53 0.54


CHERC0012 8266398 728231 -70 160 219 153 156 3 1.08 0.24
CHERC0015 8266383 728344 -60 160 150 121 127 6 1.76 0.2
CHERC0017 8266330 728373 -60 160 77 57 62 5 0.83 0.2
CHERC0018 8266335 728422 -60 160 65 20 28 8 0.84 0.15
CHERC0020 8266489 728420 -55 160 230 189 195 6 1.87 0.25
CHERC0022 8266530 728562 -60 160 199 177 181 4 2.14 2.01
CHERC0023 8266402 728560 -60 160 87 53 60 7 1.14 0.07
CHERC0024 8266175 728045 -60 160 111 35 42 7 0.52 0.13
CHERC0028 8266190 728102 -60 160 100 69 73 4 4.31 0.99
CHERC0029 8266529 728603 -60 160 175 148 151 3 1.58 0.59
CHERC0031 8266510 728726 -60 160 125 73 75 2 1.59 0.3
CHERC0032 8266564 728695 -60 160 155 129 132 3 2.01 0.27
CHERC0034 8266558 728821 -60 159 117 21 27 6 1.41 0.4
CHERC0035 8266479 728470 -60 160 210 169 174 5 1.08 0.15
CHERC0036 8266503 728669 -60 160 150 87 93 5 1. 78 0.23
CHERC0039 8266640 728720 -60 160 225 191 193 2 1.68 0.18
198 202 4 0.84 0.09
CHEDD0026 8266548 728652 -60 160 171.5 141 148 7 1.7 0.4
CHEDD0027 8266593 728740 -60 160 174.5 117.7 122 4.3 3 0.4
CHEDD0062 8269385 735225 -60 170 141.4 82 87.5 5.5 0.57 0.04
CHEDD0063 8269406 735379 -60 170 180.4 44.5 51.2 6.7 0.58 0.36
CHEDD0064 8269481 735493 -60 170 132.4 70 72.8 2.8 1.38 0.16



Coordinate system Arc50 UTM Zone 35S . Mineralised intervals calculated on basis
of lower cutoff of 0.3% Cu, minimum mineralised interval of 1m, maximum internal
waste of 1m. Mineralised intervals >3m% copper reported here. Mineralisation
dipping to north at 50-55 degrees. Mineralised widths reported on downhole
basis, true width approximately downhole width x 0.9 . CHERC prefix denotes RC
drillholes, CHEDD prefix denotes diamond drillholes.


In addition to the mineralised strike at CC2, a further mineralised zone has
been identified to the east of CC2, commencing 300m to the east of CC2 and
extending an additional 800m along strike to the east at conductors CC3, CC4 and
CC6. This zone remains open to the east and at depth. Assay results are
awaited.


Scout diamond drilling is also being conducted at the eastern VTEM conductors,
which occur approximately 7.5 kilometres along strike to the east of CC2. To
date, 32 diamond holes have been completed for 5310 metres over 15 conductors.
The holes are designed to test both copper anomalism in surface trenches and
soils, and the modelled positions of the VTEM conductors. Both
pyrrhotite-dominant and chalcopyrite-dominant mineralised intervals have been
intersected, with mineralisation observed to date over 600m of strike at
conductors CC11, CC12, CC13 and CC15. This mineralisation is open in both
directions and at depth, and appears to be structurally complex, with several
parallel lodes and offsets attributable to late stage faulting. Results have
been received for only 3 holes from CC13 to date, including 6.7m at 0.58% copper
and 0.36 g/t gold, and 2.8m at 1.38% copper and 0.16 g/t gold (see Table 1).
Further results are expected in early November.


At the 100% owned Kangaluwi copper-gold project, three drilling rigs are
conducting preliminary resource definition drilling, with 7,600 metres of
drilling completed to the end of September. Assay results are awaited.


PROJECT GENERATION


Elsewhere, geochemical sampling of projects from the Company's exploration
pipeline has resulted in the discovery of three new mineralised prospects (Table
2).


At the Mwapula prospect from the polymetallic Mulofwe Dome project area, rock
chip sampling and mapping has outlined an area of highly anomalous copper-lead
mineralisation, including 11.93% copper, 31.50% lead and 212.4 g/t silver, and
1.55% copper, 8.33% lead and 115.8 g/t silver. The mineralisation occurs in
quartz veins up to 1.5m in width, associated with malachite, galena, chalcocite
and pyrite. The mineralised zone occurs within a 600m wide quartz-veined sheared
corridor comprising predominantly quartzo-feldspathic schists and gneisses. The
corridor trends north-west, and has been has been defined by mapping over a
strike length of 2.4km to date. Further assay results are awaited.


At the Iron Cap South prospect from the Mulungushi project area, rock chip
sampling and mapping has outlined an area of anomalous copper-silver
mineralisation including 1.58% copper and 12.0 g/t silver, and 0.95% copper and
6.6 g/t silver. The mineralisation is associated with a malachite-rich outcrop
occurring within chlorite sericite schist. Further assay results are awaited.


At the Kamona prospect, also from the Mulungushi project area, rock chip
sampling, soil sampling and mapping has outlined an area of anomalous
copper-gold mineralisation, including 1.02% copper, 3.86 g/t gold and 21.4 g/t
silver, and 3.26 g/t gold. At Kamona, a number of old prospecting pits, shafts
and trenches are developed along two sub parallel quartz veins that occur about
50m apart and contain malachite, pyrite and subordinate amounts of chalcopyrite
and bornite. The workings are confined to an 800m wide corridor of
sericite-chlorite schists trending northwest over a strike length of 2.3km, and
occur in a zone separating a granite mass to the north from metasediments to the
south. Gold in soil geochemical anomalies have further extended this zone for
another 2.7km to the southeast. Further rock chip and soil assay results are
awaited.


These new discoveries demonstrate the prospectivity of Zambezi's tenement
package. The priority in these areas is to define future drill targets by
carrying out geochemical sampling and geological prospecting this field season.
To assist in this process, extensive high resolution helimagnetic and
radiometric surveys are scheduled to commence in the December quarter.



Table 2: Regional Exploration Projects - Selected Rock Chip Sample Assays


Coordinates
N E Au Cu Pb Ag As Bi
g/t % % g/t ppm ppm

Mwapula Prospect
8321628 710145 0.28 11.93 31.50 212.4 34 595
8321630 710123 0.05 1.55 8.33 115.8 65 789
8321628 710145 0.04 0.15 0.72 0.8 1559 1004
8321345 709741 1.40

[geraldus] 05/10/2007 15:44

Updated in the IC apparently today,haven't actually read it.

[umair] 03/10/2007 15:06

What caused the spread to widen ?

[grimbo] 03/10/2007 05:50

Surprised there wasn't more action on the share price. One day another institution will notice what a bargain it is and the price will suddenly rise.

[daz] 02/10/2007 21:58

TS :) - the share price could also do with some fattening up!

[clearsoup] 02/10/2007 21:20

fwiw, I opened a small position when an industry insider said it was a potential 10x bagger. I hold 80K shs. Hope I wasn't the only one to buy the story!

[ramnik007] 02/10/2007 21:18

The IC article "Zambezi Roars On" rate it a speculative BUY after today's RNS, and understands why "the news certainly adds credence to Australian broker Carmichael's 87c (38p) price target".

[tonystringy] 02/10/2007 18:32

Maybe Daz.........I'm following but I'm pretty slim.