Arc today announces it has acquired a new copper project in Zambia. This one lies in the CopperBelt close to the Congo border at Chingola and along strike from operating mines owned by Moxico and Vedanta. We continue to see fair value in Arc at 5.8p and make no changes yet until the acquisition is completed, and we learn more of Arc’s plans for exploration in the licence but note that this is the value we see in the licences before any significant discovery is potentially made.
