Arc Minerals Limited NPV (DI) (ARCM)

Sector:

Financials

Index:

FTSE AIM All-Share

3.15p
   
  • Change Today:
      0.100p
  • 52 Week High: 4.30
  • 52 Week Low: 1.28
  • Currency: UK Pounds
  • Shares Issued: 980.63m
  • Volume: 7,263,059
  • Market Cap: £30.89m

Arc Minerals begins second season of exploration in Zambia

By Josh White

Date: Monday 29 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Arc Minerals announced the start of the second season of exploration activities over the Zamsort and Zaco license areas in north western Zambia on Monday.
The AIM-traded firm said diamond drilling activities would begin over the Fwiji target, where it had already defined the target area through previous exploratory works.

Follow-up work at a number of the other target areas, including Cheyeza East and Muswema, was currently underway.

The total diamond drilling program for the year was budgeted for an initial 8,000 metres, with hole depths to between 100 and 250 metres below surface.

Diamond drilling was initially intended to confirm the interpreted anticlinal structure and mineralisation associated with the hinge component to the anticline, the board explained.

It said that would then be followed to test the mineralisation in the down-plunge hinge component to the anticline.

"I am very pleased to report the commencement of drilling activities at Fwiji, notwithstanding the challenges of Covid-19," said executive chairman Nick von Schirnding.

"Our team in Zambia has worked hard to get around the obvious challenges posed by the pandemic.

"I look forward to regular updates to the market over the exploration season."

At 1548 BST, shares in Arc Minerals were flat at 2p.

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ARCM Market Data

Currency UK Pounds
Share Price 3.15p
Change Today 0.100p
% Change 3.28 %
52 Week High 4.30
52 Week Low 1.28
Volume 7,263,059
Shares Issued 980.63m
Market Cap £30.89m

ARCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.99% below the market average31.99% below the market average31.99% below the market average31.99% below the market average31.99% below the market average
55.88% below the sector average55.88% below the sector average55.88% below the sector average55.88% below the sector average55.88% below the sector average
Price Trend
71.88% above the market average71.88% above the market average71.88% above the market average71.88% above the market average71.88% above the market average
79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average
Income Not Available
Growth Not Available

ARCM Dividends

No dividends found

Trades for 30-Nov-2020

Time Volume / Share Price
16:20 145,372 @ 3.10p
16:08 145,372 @ 3.10p
16:01 10,000 @ 3.10p
15:51 10,000 @ 3.10p
15:30 17,064 @ 3.10p

ARCM Key Personnel

Finance Director Rémy Welschinger

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