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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zccm Investments Holdings Plc | LSE:ZCC | London | Ordinary Share | ZM0000000037 | 'B' ORD ZMK10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.6344 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Copper Ores | 11.75B | -4.6B | - | N/A | 104.39M |
TIDMZCC
RNS Number : 1423V
ZCCM Invs.Hldgs PLC
05 August 2022
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771 Share Code: ZCCM-IH ISIN: ZM0000000037 Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Person : Natasha Nelson Contact email : nnelson@sbz.com.zm Contact Number : +260-211-232456 Website: www.sbz.com.zm
APPROVAL
The captioned Announcement has been approved by:
i. the Lusaka Securities Exchange ("LuSE") ii. the Securities and Exchange Commission of Zambia ("SEC") iii. Stockbrokers Zambia Limited ("SBZ")
RISK WARNING
The Announcement contained herein contains information that may be of a price sensitive nature.
Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.
ISSUED: 05 August 2022
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or the "Company"]
MOPANI COPPER MINES PLC
SUMMARISED STATEMENT ON RESERVES AND RESOURCES
The shareholders of ZCCM Investments Holdings Plc ("ZCCM-IH" or the "Company"), as well as other market participants, are referred to the circular dated 9 March 2021 sent to shareholders giving full details on the Acquisition of Mopani Copper Mines PLC ("Mopani") by ZCCM-IH (the "Transaction").
The Board of Directors of ZCCM-IH (the "Board") informed shareholders that the Company requested SRK Consulting (UK) Ltd ("SRK") to undertake a technical review of the mining, processing, smelting, and refining Assets (the "Assets") of Mopani and prepare a Competent Persons Report ("CPR") that meets the requirements set out in Section 12 of the Listings Requirements of the Lusaka Securities Exchange ("LuSE).
Accordingly, the Board wishes to inform the market and the shareholders of ZCCM-IH that the CPR has been finalised and the summarised results following the exercise undertaken by SRK of inspecting the reserves and resources of Mopani are presented below.
Table 1- Nkana: Audited Mineral Resource Statement as at 1 January 2022
Area Tonnage TCu (%) ASCu (%) TCo (%) (Mt) ------- ------- -------- Measured Mineral Resources Sulphides 162.1 2.07 - 0.11 Oxides 7.8 2.28 1.30 0.04 Total 170.0 2.08 0.06 0.10 Indicated Mineral Resources Sulphides 44.2 2.09 - 0.11 Oxides 1.4 1.86 0.94 0.06 Total 45.7 2.08 0.03 0.11 Inferred Mineral Resources Sulphides 38.0 2.04 - 0.11 Oxides 1.6 1.67 0.73 0.04 Total 39.5 2.03 0.03 0.11 Total Mineral Resources Sulphides 244.8 2.07 0.11 Oxides 10.8 2.14 1.17 0.04 Total 255.6 2.07 0.05 0.11 ------------------- ------- ------- -------- -------
Source: SRK competent Persons Report on Mopani Copper Mines PLC.
Table 2 - Mufulira: Audited Mineral Resource Statement as at 1 January 2022
Area Tonnage Tcu (%) ASCu (%) (Mt) ------- ------- Measured Mineral Resources Main Mining Areas (Sulphides) 25.53 2.24 Historical Blocks (Sulphides) 1.06 2.70 Underground Oxides 8.78 1.19 0.72 Surface oxides 3.03 1.81 0.50 Total 38.39 1.98 0.20 Indicated Mineral Resources Main Mining Areas (Sulphides) 11.72 2.68 Historical Blocks (Sulphides) 0.27 2.15 Underground Oxides 1.97 0.90 0.56 Surface oxides 1.85 1.80 0.48 Total 15.82 2.35 0.13 Inferred Mineral Resources Main Mining Areas (Sulphides) 13.76 2.66 Historical Blocks (Sulphides) 0.29 2.48 Underground Oxides 1.32 0.81 0.51 Surface oxides 1.29 1.76 0.40 Total 16.67 2.44 0.07 Total Mineral Resources Main Mining Areas (Sulphides) 51.01 2.46 Historical Blocks (Sulphides) 1.62 2.57 Underground Oxides 12.07 1.10 0.67 Surface oxides 6.18 1.80 0.47 Total 70.88 2.17 0.16 --------------------- ------- ------- --------
Source: SRK competent Persons Report on Mopani Copper Mines PLC.
Table 3 - Audited Ore Reserve Statement as at 1 January 2022
Tonnes Cu Grade Co Grade Copper Cobalt Category Mt % % Kt Kt ------ -------- -------- ------- ------ Nkana North 13.66 1.92 0.13 262.4 17.3 Nkana South 33.87 1.88 0.06 635.9 21.1 Mufulira 9.66 2.10 202.5 0.0 -------------- ------ -------- -------- ------- ------ Proved 57.19 1.92 0.07 1,100.8 38.4 -------------- ------ -------- -------- ------- ------ Nkana North 8.13 1.95 0.13 158.7 10.6 Nkana South 21.95 1.81 0.08 397.8 17.3 Mufulira 5.99 2.31 0.00 138.7 0.0 -------------- ------ -------- -------- ------- ------ Probable 36.08 1.93 0.08 695.2 27.9 -------------- ------ -------- -------- ------- ------ Nkana North 21.79 1.93 0.13 421.1 27.9 Nkana South 55.83 1.85 0.07 1,033.7 38.4 Mufulira 15.65 2.18 0.00 341.3 0.0 -------------- ------ -------- -------- ------- ------ Total 93.27 1.93 0.07 1,796.0 66.3 -------------- ------ -------- -------- ------- ------
Source : SRK competent Persons Report on Mopani Copper Mines PLC.
Notes:
i) Cu - Copper ii) Co - Cobalt iii) TCu - Total Copper iv) TCo - Total Cobalt v) AsCu - Acid Soluble Copper vi) Mt - Million Metric Tonnes vii) Kt - Thousand Tonnes
The CPR is available to shareholders of ZCCM-IH upon request.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 5 August 2022
Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456 E | advisory@sbz.com.zm W | www. sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia ===================================================== First Issued on 05 August 2022
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END
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(END) Dow Jones Newswires
August 05, 2022 10:18 ET (14:18 GMT)
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