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The latest update is out from ARC Minerals ( (GB:ARCM) ).
Arc Minerals has provided updates on its various projects, including a joint venture with Anglo American in Zambia and the acquisition of the Chingola Project. The joint venture is evaluating new targets and has confirmed copper mineralization at the Cheyeza prospect. Meanwhile, the acquisition of the Chingola Project is progressing with due diligence and necessary approvals. In Botswana, Arc Minerals has completed its drilling plans for the Virgo Project and is awaiting further developments to decide on the next steps. These updates reflect Arc Minerals’ strategic efforts to strengthen its position in the copper exploration industry, potentially impacting its operational focus and stakeholder interests.
More about ARC Minerals
Arc Minerals is an exploration company focused on developing Tier 1 copper deposits, primarily operating in Zambia and Botswana. The company is engaged in a joint venture with a subsidiary of Anglo American to explore copper projects in the Zambian Copperbelt, a region known for its significant copper mining operations.
Average Trading Volume: 2,883,995
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.27M
Learn more about ARCM stock on TipRanks’ Stock Analysis page.