Zamare Minerals is a Zambia-focused copper explorer, seeking to identify the next generation of copper projects on the Zambian side of the Central African Copperbelt. The board/management has strong technical background as well as many years running resource companies on the public markets. Zamare intends to list in the near future on the London markets. The strategy is to grow the company organically through a comprehensive work programme, as well as leveraging its position on the capital markets to grow through opportune acquisitions. Management believes Zambia is a leading global jurisdiction to carry out business, geologically as well as politically.
Zamare has a low overhead and all management – London and Zambia based - have significant stock positions in the company thereby being aligned with shareholders.
Zamare has six 100%-owned licences in four different geological environments.
• Ntambu is located in the North-West Province, where several new discoveries have been made in the last 10-15 years. The licence is contiguous with First Quantum's Sentinel copper and Enterprise nickel mines, both significant producing mines. Zamare has a Technical Cooperation Agreement with First Quantum on the Ntambu licence.
• Dongwe area (three licences) is also in the North-West Province, in a region much less explored but with numerous historic mines. On the licence there is artisanal mining (we assayed 15.8% Cu & 0.57g/t Au) and a recent comprehensive sampling programme has yielded extremely promising results. Furthermore there are IOCG style geological features in the west of the licence area. A large mineral company is drilling on an adjacent licence.
• Kalene Hills licence is a recent acquisition located in NW Zambia. It is on geological trend with Kamoa-Kakula over the border in the DRC, the largest discovered Copper deposit globally in the last 10 years. It has huge upside potential, and it is planned to use funds from the IPO to begin work on this licence immediately.
• Murundi is located in the more traditional Copperbelt area and is located near the Mufulira mine, one of the ‘Big Four’ in Zambia.