7 August 2024
Arc
Minerals Ltd
('Arc' or
the 'Company')
Zambia Drilling
Commenced
Arc Minerals (LSE: ARCM) is pleased
to announce that, further to its announcement of 2 May 2024 and
following the completion of an extensive ground mapping exercise
over its Zambian tenements, the Anglo American/Arc joint venture
has commenced drilling. A number of holes are planned at Cheyeza
following which the Muswema target will be drilled.
Further details on the drilling
programme will be announced as the drilling progresses.
Nick von Schirnding, Executive Chairman of Arc Minerals,
commented:
"I am delighted to report the
start of a major drilling campaign in Zambia following extensive
geological work over our tenements. Together with an exciting
drilling programme in Botswana I look forward to an active period
of news flow over the next few months."
For further information
contact:
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Arc
Minerals
Ltd
Nick von Schirnding (Executive
Chairman)
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c/o Benchmark
Communications
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Zeus
Capital Limited (Nominated Adviser & Joint
Broker)
Katy Mitchell/Harry Ansell
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Tel: +44 (0) 20 38295000
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Shard Capital Partners LLP (Joint Broker)
Damon Heath
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Tel: +44 (0) 20 7186 9952
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Benchmark Communications (Investor
Relations)
Richard Kauffer
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Tel: +44 (0) 7841 67 3210
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For more information,
visit www.arcminerals.com.
Forward-looking Statements
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty
therein.