Arc Minerals Ltd - the exploration company - Says its two subsidiaries, Zamsort and Zaco, have signed a confidentiality and six month exclusivity agreement with a subsidiary of Anglo American PLC in respect of its copper exploration licenses in Zambia. During the exclusivity period, Anglo American will be permitted to conduct a technical review which, if satisfactory, may result in an extension of the exclusivity and the negotiation of a commercial transaction. Arc will continue with its existing drilling programme during the period of the agreement.
Current stock price: 2.95 pence
Year-to-date change: down 5.8%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Anglo American (AAL)
Arc Minerals (ARCM)
