ARC MINERALS LIMITED (ARCM) — Update on the Company’s upcoming drilling programmes in Botswana and Zambia

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the ARC MINERALS LIMITED update on the company's upcoming drilling programs in Botswana and Zambia. Throughout this recording meeting, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Simply type in your question and press send. Due to the number of attendees on today's presentation, the company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to Nick Von Schinding, executive chairman. Good afternoon. Well, thank you. Good afternoon, everybody. We are today on the cusp of a very, very exciting time ahead for shareholders. Much awaited drilling program with Anglo American in Northwest Zambia is about to commence. Given the late closing of the JV in November last year, we drilled only one but very deep stratigraphic hole to better help us analyze the geological structure of the Chiesa target. Drilling is expected to start once a little bit of further ancillary work has been completed, and then we should have a clean run of at least six months through to circa December. The Anglia team is hugely excited as are we. Why do I say this? Because the early analysis confirms Chiesa to be a very, very interesting target with evidence of many traps, which Vasily, who's with me, will elaborate on shortly. The rains came reasonably early, and while large swathes of Zambia experienced drought like conditions, the Northwest did have heavy rainfall throughout from December through to April. The good news is...