Last C$0.42 CAD
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africo resources ltd (ARL) Snapshot

Open
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Previous Close
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52 Week High
04/1/14 - C$0.57
52 Week Low
11/20/13 - C$0.32
Market Cap
30.0M
Average Volume 10 Days
10.2K
EPS TTM
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Shares Outstanding
71.3M
EX-Date
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africo resources ltd (ARL) Details

Africo Resources Ltd., a mineral resource company, is engaged in the exploration and development of precious and base metal mineral properties. The company primarily explores for copper and cobalt deposits. Its principal property consists of the Kalukundi Property that is located in Kolwezi District of Katanga Province in the south–east of the Democratic Republic of the Congo. The company is headquartered in Vancouver, Canada.

12 Employees
Last Reported Date: 03/27/14

africo resources ltd (ARL) Top Compensated Officers

Chairman, Acting Chief Executive Officer and ...
Total Annual Compensation: $356.6K
Acting Chief Financial Officer and Corporate ...
Total Annual Compensation: $83.9K
Compensation as of Fiscal Year 2013.

africo resources ltd (ARL) Key Developments

Africo Resources Ltd., Annual General Meeting, Jun 23, 2014

Africo Resources Ltd., Annual General Meeting, Jun 23, 2014., at 11:00 Pacific Standard Time. Location: Suite 520, 800 West Pender Street. Agenda: To present financial statements for the year ended December 31, 2013, together with the notes thereto and the report of auditor on those statements; to elect directors; to re-appoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditor; to authorize the Board of Directors to fix the auditor's remuneration; and to consider any other proper business.

Africo Resources Ltd., Annual General Meeting, Jun 25, 2013

Africo Resources Ltd., Annual General Meeting, Jun 25, 2013., at 13:30 Pacific Standard Time. Location: Suite 520 - 800. Agenda: To consider financial statements for the year ended December 31, 2012, together with the notes thereto and the report of auditor on those statements; to elect directors; to re-appoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditor; to authorize the Board of Directors to fix the auditor's remuneration; and to consider any other proper business.

Africo Resources Ltd. announces Revised Resource Assessment Delineates Sigificantly Improved Copper and Cobalt Mineral Resources at Kalukundi Copper-Cobalt Project

Africo Resources Ltd. reported the results of the resource assessment undertaken by AMEC E&C Services Inc. The drilling has been successful in substantiating continuity in the copper and cobalt mineralisation in the Mines Series geology and also proving the depth extent of the mineralisation to a vertical depth of 320m at which it is still open ended. These resources are estimated from five of the Fragments within the Kalukundi Project near Kolwezi in the Democratic Republic of Congo. The new resource assessment is a significant improvement from the previously reported resources and may be summarised as follows: Indicated resources: 30.4 million tonnes grading at 2.40% Cu and 0.46% Co. Inferred resources: 25.2 million tonnes grading at 1.71% Cu and 0.45% Co. This assessment slightly more than doubles the resources at the Kalukundi Project that were outlined in the 2006 Technical Report. This new resource assessment also replaces the previous resource statement. An intensive programme of exploration and infill drilling was undertaken on the Kalukundi Project from mid-2011 and finalised in mid-2012. A total of 94 boreholes (BH's) were drilled for 17,690m of drilling. The majority of the drilling was focused on the four main mineralised Fragments on the Kalukundi Project, namely the Principal, Anticline, Kii and Kalukundi Fragments. In addition, the previous drilling data from the Kesho Fragment was incorporated into the geological model and this added a significant component to the new resource estimate. This newer drilling was also instrumental in better defining the distribution of the oxide mineralisation. In addition, the newer deep drilling confirmed that sulphide mineralisation extends below the oxide zones. Locally there are transition zones between the oxide and the sulphide mineralisation over a width of about 20m within which carbonate minerals are preserved and the copper sulphide mineral chalcocite is common. The occurrence of sulphide mineralisation on the Principal, Anticline and Kalukundi Fragments was traced down below the oxide/transition zone.

 

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