Company Overview

Zambezi Resources Limited (Zambezi) listed on the ASX- (ZRL) -  is focused on adding shareholder value by exploring for and developing copper and gold projects in Southern Zambia. The basis for the company’s strategy is Zambian mineral endowment, international capital and Australian expertise.

Zambezi has identified seven major project areas, which it is actively exploring. The projects have been identified as Iron Oxide Copper Gold (IOCG) type deposits and also shear-hosted gold deposits. These projects are contained within eight prospecting licenses covering an area of over 16,000km². Zambezi currently retains 100% ownership of its projects, although Zambia's abundant mineral endowment has lead Zambezi to seek joint venture partners to assist with funding exploration on some of its projects.

 

Zambezi previously listed on the London Stock Exchange’s AIM in July 2004, raising £2.5 million - subsequently delisted in June 2009.  Since then Zambezi has raised an additional £14 million on AIM through subsequent placements, including a strategic placement to Glencore.  In July 2007, Zambezi successfully listed on the ASX through an IPO, raising an additional A$15 million.  The nominal A$25 million raised in 2007 together with a nominal US$16 million from Glencore is being used by the company to accelerate their exploration activities in Zambia.  Zambezi is now listed solely on the ASX where it raised $8 million via a placement in August 2010..

 

Zambezi has a modern operations office in Lusaka, Zambia, housing its technical  staff and a small administrative and technical support office in West Perth, Western Australia.

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