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.

 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: Rio Tinto, joint venture partner of Zambezi Resources, announces that a recently completed VTEM survey highlights conductors in a regional shear zone over 30 kms in strike. These conductors are coincident with uranium anomalism identified in a previous radiometric survey. Based on these results both parties have agreed to expand the existing JV to incorporate newly identified prospective areas.
  • 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.