Highlights

KANGALUWI COPPER PROJECT

  •  20th August 2008: First systematic RC drilling from the Chisawa Prospect at Kangaluwi returns significant mineralised widths and grades including: 14m at 1.52% copper, 12m at 1.36% copper, 10m at 1.23% copper and 14m at 0.65% copper. Copper mineralisation remains open-ended along strike and at depth.
  • 4th August 2008: RC drilling returns substantial mineralised widths and grades including: 13m at 2.36% copper, 15m at 1.47% copper, 9m at 1.79% copper and 4m at 2.66% copper.  Mineralisation at Kangaluwi still remains open along strike and at depth.
  • 8th July 2008: Wholly owned Kangaluwi prospect confirmed as major new copper discovery in Southern Zambia.
  • 8th July 2008: 28km of prospective strike length identified in immediate area. Drilling to date has tested only 10% of the estimated prospective strike length.
  • 8th July 2008: Initial Metallurgical Test results indicate sulphide recovery in excess of 95% for copper from conventional flotation.
  • 9th May 2008: Large VTEM Conductive Anomaly defined at Kangaluwi Copper Project.
  • 30th April 2008: Mineralised strike at Kangaluwi Prospect extended to 3kms based on visual indications in RC and Diamond drilling, and mineralisation remains open along strike and at depth.  

CHEOWA JV 

  • 9th July 2008: Total Cheowa JV Resource more than doubled to 6.5 million tonnes as follows; Indicated Resource of 3.5Mt @ 1.1% copper and 0.23g/t gold, Inferred Resource of  2.9Mt @ 1.1% copper and 0.38 g/t gold.
  • 9th July 2008: Deep Diamond Drilling at CC2 demonstrates that mineralisation continues to depths of at least 500m and that grades may be increasing with depth.
  • 9th July 2008: New drilling results include: 4.4m at 2.73% Cu, 2.0m at 3.63 % Cu & 2.6m at 3.97% Cu.
  • 30th April 2008: RC Drilling returns 10.0m at 2.14 % copper and 2.6 g/t gold 150m east along strike of CC2 Extension, in an area previously thought to be only weakly mineralised.

 EMERGING PROJECTS

  • 20th May 2008: 11.4% copper and 1.8 g/t gold returned from rock chips at Mukwizi Copper Gold Project.
  • 20th May 2008: 23m at 0.43% copper returned from trench samples at Mvula  Copper Gold Project

 OTHER JVs

  • 20th August 2008:  Lithic Metals & Energy (AIM:LMY), a joint venture partner of Zambezi Resources announces identifying 18 new uranium radiometric anomalies on the Mpande licence.
  • 14th July 2008: VTEM survey on Rio Uranium JV highlights electromagnetic conductors in regional shear zone with over 30 kms strike length. Based on existing radiometric data these conductors are interpreted as graphitic shale with associated uranium anomalism.
  • 2nd July 2008: Lithic Metals & Energy (AIM:LMY), a joint venture partner of Zambezi Resources, announces significant progress at the Oryx Uranium Project, with visible uranium mineralization identified in diamond drilling.
  • 2nd July 2008: Lithic Metals & Energy (AIM:LMY), a joint venture partner of Zambezi Resources, announces the following trench results from the Oryx Uranium Project: Trench 23; 3m @ 642 ppm U3O8, Trench 25; 3m @ 292 ppm U3O8 & Trench 34; 1m @ 839 ppm U3O8.