Company Information for Zambezi Resources Ltd

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Company Statement

Zambezi Resources Limited (Zambezi) is focused on adding shareholder value by exploring for and developing copper and gold projects in Southern Zambia. The basis for the company’s strategy is Zambian mineral endowment, international capital and Australian expertise.

Zambezi has identified seven major project areas, which it is actively exploring. The projects have been identified as Iron Oxide Copper Gold (IOCG) type deposits and also shear-hosted gold deposits. These projects are contained within eight prospecting licenses covering an area of over 16,000km². Zambezi currently retains 100% ownership of its projects, although Zambia's abundant mineral endowment has lead Zambezi to seek joint venture partners to assist with funding exploration on some of its projects.

Zambezi has a modern operations office in Lusaka, Zambia, housing its technical  staff and a small administrative and technical support office in West Perth, Western Australia.

Current Operations

Highlights

• 20/05/2008 – New exploration projects continue to enter the extensive Zambezi Resources portfolio which include: Mukwizi with rock chips up to 11.4% Cu & 1.80 g/t Au and; 23m @ 0.43% Cu in trench samples at Mvula.
• 09/05/2008 – Large VTEM anomaly associated with known copper mineralisation located at the Kangaluwi Copper Project, which indicates mineralisation may be even more extensive than first thought.
• 15/04/2008 – Zambezi announces that it is on track to complete the Cheowa JV pre-feasibility study (PFS) by end of June quarter 2008.
• 15/04/2008 – RC drilling extends the Cheowa JV CC2 mineralisation boundary another 150 metres with 10m @ 2.14% Cu & 2.60 g/t Au. Continuing scout drilling continues to locate further mineralisation at the CC10, CC12 & CC 13 anomalies.
• 30/01/2008 – Significant drill intersections at the Cheowa JV Project made outside the CC2 resource envelope of 10m @ 3.00% Cu and 10m @ 1.66% Cu are announced by Zambezi Resources. In addition to which scout drilling identifies significant visual copper mineralisation at the CC12, CC13 and CC15 anomalies.
• 22/01/2008 – ZRL announces that the  Kangaluwi Copper Project continues to live up to expectations. Drilling identifies mineralisation over 3 kilometres of strike and remains open-ended and at depth. Results to date include 7m @ 2.14% Cu from 59m; 7m @1.45% Cu from 143m; 15m @ 0.96% Cu from 88m; 21m @ 0.96% from 7m and 13m @ 0.92% Cu from 118m. Copper mineralisation is oxide transitioning to sulphide at depth.
• 12/12/2007 – Zambezi Resources announces updated indicated resource at CC2 for the Cheowa JV Project. Resource now stands at 2.9Mt @ 1.05% Cu & 0.22 g/t Au, covering 1.2 kms of strike to a depth of approximately 120 metres. Mineralisation remains open along strike and at depth with further coincident soil geochemical and VTEM anomalies remain to be drilled tested along 12 kilometres of strike.
• 29/08/2007 – Zambezi continues to add to its pipeline of exploration projects with rock chips assaying up to 11.9% Cu, 212 g/t Ag & 31.5% Pb at Mwapula; 1.59% Cu & 12.0g/t Ag at Iron Cap South and; 1.02% Cu, 21.4 g/t Ag  & 3.86 g/t Au at Kamona.

Geographical Spread

Southern Zambia

Board of Directors and Key Management

Mr Julian Ford B.Sc Chem Eng, B.Comm, Grad.Dip.Bus.Man

Managing Director • Australian

Dr Geoffrey Johnson B.Sc.Hons, PhD (Geology), Grad.Dip.Env.Sc

Non-Executive Director Exploration • Australian

Mr Lloyd Flint B.Acc, MBA, ICAA, FINSIA

Chief Financial Officer • Australian

Mr Willie Sweta M.Sc (Met), Dipl (Min. Eng)

Executive Chairman, Mwembeshi Resources • Zambian

Mr Jay Klopper B.Sc (Hons) (Geol)

Exploration Manager Zambia • Australian

Company Address 17 Ord Street West Perth, Australia 6872 Telephone: + 61 (08) 9216 9000 Facsimile: + 61 (08) 9216 9090 Email: info[at]zambeziresources.com Website: http://www.zambeziresources.com

Additional Address/Key Contact Mwembeshi Resources (Zambia) Limited Plot 5777N Great East Road Kalunda Lusaka Tel: +260 (0)211 291 645 Fax: +260 (0)211 292 411 Laurence Read Threadneedle Communications Tel:  +44 (0)20 7936 9696

Capital 226,876,174 - issued ordinary shares

Annual General Meeting June

Year End 31 March

Nominated Brokers Evolution Securities Ltd

Nominated Advisors Grant Thornton

Major Shareholders

Glencore Investments BV	29,162,062	14.7 %
Roy Nominees Limited	24,671,562	12.5 %
Goldman Sachs Securities (Nominees) Limited	13,804,500	7.0 %
BNY Mellon Nominees Limited	13,000,000	6.6 %
BBHISL Nominees Limited	11,985,872	6.1 %
CopperCo Limited	9,905,000	5.0 %
Fitel Nominees Limited	6,078,854	3.1 %
Chase Nominees Limited	5,075,218	2.6 %
HSBC Custody Nominees	5,029,239	2.5 %
Greenstone Property Pty Ltd	4,651,767	2.4 %

Related News

15/08/08 - Zambezi Resources Drops Everything To Focus On Kangaluwi
27/05/08 - Zambezi Resources Stacks Up The Assets In Anticipation Of Continued Chinese Demand For Metals And For Mines

Most Recent Statement

10/06/09 - Strategic Alliance with Clarity Capital
29/05/09 - Delisting from the AIM market
16/03/09 - Termination of Subscription Agreement
11/03/09 - Receipt of Termination Notice
24/02/09 - Shareholder Presentation
28/01/09 - Placing and Convertible Note