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ARC Minerals Limited ( (GB:ARCM) ) has provided an announcement.
Arc Minerals Limited has announced that its joint venture with Anglo American has received approval for one of its large scale mining license applications in Zambia, with two other applications reinstated. This development places Arc Minerals in a strong position within the copper-rich Zambian Copperbelt, enhancing its operations and potential for future exploration and development, benefiting stakeholders and boosting industry positioning.
More about ARC Minerals Limited
Arc Minerals Limited is an exploration company that focuses on discovering and developing Tier 1 copper deposits. The company is engaged in a joint venture with Anglo American in Zambia, targeting the Zambian Copperbelt known for its significant copper mining potential. The joint venture covers an area of approximately 870 km² in the North Western Province, near major copper mines, making it a strategic position in the mining industry.
YTD Price Performance: -2.00%
Average Trading Volume: 5,430,337
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.74M
For a thorough assessment of ARCM stock, go to TipRanks’ Stock Analysis page.
