Highlights

KANGALUWI COPPER PROJECT  

  • 20 March 2012: Latest assay results continue to support both the continuity and tenor of the mineralisation observed at the KCP
  • 27 January 2012:  Diamond drilling program for 2011 successfully concluded with 94 DD holes for 22,183 metres completed
  • 15 December 2011: Further excellent results from KCP with reported assay results continuing to support the robustness of the mineralisation needed with the KCP.  1 December 2011: Current resource for KCP stands at 23.4Mt grading 0.85% Cu for 200,575 tonnes of contained copper
  • 1 December 2011: The Company secured the A$10 million Convertible Note Facility
  • 1 December 2011: The Company is raising $4.2 million by way of a 1:3 Rights Issue at a price of 1 cent per share
  • 28th October 2011: A secured A$10 million Convertible Note Facility was entered into with LinQ Capital Limited in two tranches of A$5 million.
  • 28th October 2011: 13,530m from 55 DD holes completed.
  • 28th October 2011: Excellent results received during the quarter from Kalulu and Chisawa.
  • 3rd August 2011: Assay results to date confirm extensive copper mineralisation in the Kalulu Prospect with wider copper mineralisation intersected up to 10m at 1.13% Cu, 14m at 0.99% Cu and 21m at 0.79% Cu.
  • 25th July 2011: A funding package of up to A$15 million to finance the advancement of its Kangaluwi Copper Project feasibility study.
  • 4th July 2011: Diamond drilling at KCP ahead of schedule.
  • 17th May 2011: A $3.5 million diamond drilling programme commenced at Kalulu and Chisawa with four diamond drill rigs.
  • 17th May 2011: New executive management team appointed to transition the Company to development.
  • 19th April 2011: Successful application for 25 year Large Scale Mining Licence
  • 15th February 2011: Further results of assays from previous drilling conducted on the KCP indicate increasing width and copper grade with depth.
  • 15th February 2011: recent results include high grade intersections, up to 17.6% Cu and 2.4 g/t Au.
  • 8th December 2010: ZRL submitted an application for a Large Scale Mining Licence within its prospecting licence, HQ-LPL-8085, held by its subsidiary Mwembeshi Resources Limited. 
  • 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 U3O 8 , Trench 25; 3m @ 292 ppm U3O 8 & Trench 34; 1m @ 839 ppm U3O 8.