TIDMZCC
RNS Number : 1423V
ZCCM Invs.Hldgs PLC
05 August 2022
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange
Commission of Zambia]
Contact Person : Natasha Nelson
Contact email : nnelson@sbz.com.zm
Contact Number : +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Announcement has been approved by:
i. the Lusaka Securities Exchange ("LuSE")
ii. the Securities and Exchange Commission of Zambia ("SEC")
iii. Stockbrokers Zambia Limited ("SBZ")
RISK WARNING
The Announcement contained herein contains information that may
be of a price sensitive nature.
Investors are advised to seek the advice of their investment
advisor, stockbroker, or any professional duly licensed by the
Securities and Exchange Commission of Zambia to provide securities
advice.
ISSUED: 05 August 2022
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or the "Company"]
MOPANI COPPER MINES PLC
SUMMARISED STATEMENT ON RESERVES AND RESOURCES
The shareholders of ZCCM Investments Holdings Plc ("ZCCM-IH" or
the "Company"), as well as other market participants, are referred
to the circular dated 9 March 2021 sent to shareholders giving full
details on the Acquisition of Mopani Copper Mines PLC ("Mopani") by
ZCCM-IH (the "Transaction").
The Board of Directors of ZCCM-IH (the "Board") informed
shareholders that the Company requested SRK Consulting (UK) Ltd
("SRK") to undertake a technical review of the mining, processing,
smelting, and refining Assets (the "Assets") of Mopani and prepare
a Competent Persons Report ("CPR") that meets the requirements set
out in Section 12 of the Listings Requirements of the Lusaka
Securities Exchange ("LuSE).
Accordingly, the Board wishes to inform the market and the
shareholders of ZCCM-IH that the CPR has been finalised and the
summarised results following the exercise undertaken by SRK of
inspecting the reserves and resources of Mopani are presented
below.
Table 1- Nkana: Audited Mineral Resource Statement as at 1
January 2022
Area Tonnage TCu (%) ASCu (%) TCo (%)
(Mt)
------- ------- --------
Measured Mineral
Resources
Sulphides 162.1 2.07 - 0.11
Oxides 7.8 2.28 1.30 0.04
Total 170.0 2.08 0.06 0.10
Indicated Mineral
Resources
Sulphides 44.2 2.09 - 0.11
Oxides 1.4 1.86 0.94 0.06
Total 45.7 2.08 0.03 0.11
Inferred Mineral
Resources
Sulphides 38.0 2.04 - 0.11
Oxides 1.6 1.67 0.73 0.04
Total 39.5 2.03 0.03 0.11
Total Mineral
Resources
Sulphides 244.8 2.07 0.11
Oxides 10.8 2.14 1.17 0.04
Total 255.6 2.07 0.05 0.11
------------------- ------- ------- -------- -------
Source: SRK competent Persons Report on Mopani Copper Mines
PLC.
Table 2 - Mufulira: Audited Mineral Resource Statement as at 1
January 2022
Area Tonnage Tcu (%) ASCu (%)
(Mt)
------- -------
Measured Mineral
Resources
Main Mining Areas
(Sulphides) 25.53 2.24
Historical Blocks
(Sulphides) 1.06 2.70
Underground Oxides 8.78 1.19 0.72
Surface oxides 3.03 1.81 0.50
Total 38.39 1.98 0.20
Indicated Mineral
Resources
Main Mining Areas
(Sulphides) 11.72 2.68
Historical Blocks
(Sulphides) 0.27 2.15
Underground Oxides 1.97 0.90 0.56
Surface oxides 1.85 1.80 0.48
Total 15.82 2.35 0.13
Inferred Mineral
Resources
Main Mining Areas
(Sulphides) 13.76 2.66
Historical Blocks
(Sulphides) 0.29 2.48
Underground Oxides 1.32 0.81 0.51
Surface oxides 1.29 1.76 0.40
Total 16.67 2.44 0.07
Total Mineral
Resources
Main Mining Areas
(Sulphides) 51.01 2.46
Historical Blocks
(Sulphides) 1.62 2.57
Underground Oxides 12.07 1.10 0.67
Surface oxides 6.18 1.80 0.47
Total 70.88 2.17 0.16
--------------------- ------- ------- --------
Source: SRK competent Persons Report on Mopani Copper Mines
PLC.
Table 3 - Audited Ore Reserve Statement as at 1 January 2022
Tonnes Cu Grade Co Grade Copper Cobalt
Category Mt % % Kt Kt
------ -------- -------- ------- ------
Nkana North 13.66 1.92 0.13 262.4 17.3
Nkana South 33.87 1.88 0.06 635.9 21.1
Mufulira 9.66 2.10 202.5 0.0
-------------- ------ -------- -------- ------- ------
Proved 57.19 1.92 0.07 1,100.8 38.4
-------------- ------ -------- -------- ------- ------
Nkana North 8.13 1.95 0.13 158.7 10.6
Nkana South 21.95 1.81 0.08 397.8 17.3
Mufulira 5.99 2.31 0.00 138.7 0.0
-------------- ------ -------- -------- ------- ------
Probable 36.08 1.93 0.08 695.2 27.9
-------------- ------ -------- -------- ------- ------
Nkana North 21.79 1.93 0.13 421.1 27.9
Nkana South 55.83 1.85 0.07 1,033.7 38.4
Mufulira 15.65 2.18 0.00 341.3 0.0
-------------- ------ -------- -------- ------- ------
Total 93.27 1.93 0.07 1,796.0 66.3
-------------- ------ -------- -------- ------- ------
Source : SRK competent Persons Report on Mopani Copper Mines
PLC.
Notes:
i) Cu - Copper
ii) Co - Cobalt
iii) TCu - Total Copper
iv) TCo - Total Cobalt
v) AsCu - Acid Soluble Copper
vi) Mt - Million Metric Tonnes
vii) Kt - Thousand Tonnes
The CPR is available to shareholders of ZCCM-IH upon
request.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 5 August 2022
Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www. sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of
the Lusaka Securities Exchange and is regulated
by the Securities and Exchange Commission of Zambia
=====================================================
First Issued on 05 August 2022
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