Big Picture – A Deep Dive Examination of Arc Minerals Limited
Arc Minerals Limited Snapshot
ARC Minerals invests in natural resource focused companies and projects that are in the exploration stage of the mining industry value chain. Exploration assets offer investors exposure to exciting opportunities that can potentially be highly value accretive.
Typically the successful exploration of natural resources on any project will require significant capital investment. The deployment of exploration risk capital is designed to take a discovered mineral asset to a point where an international resource classification can be awarded to the asset by an independent natural resource verification company.
When exploration projects are brought up to an international resource classification category, an exploration project becomes somewhat de-risked and can then move into the development phase which can lead subject to commodity pricing, into mine development and production.
In order to finance the drilling, geological and mineral technical work needed to progress its projects Arc Minerals will need to raise funds through the issue of additional equity or bring in partners to help fund exploration and development costs. The Group’s ability to raise further funds will depend on the success of its investment strategy and acquired operations. The Group, or the companies in which it has invested, may not be able to raise, either by debt or by further equity, sufficient funds to enable completion of planned exploration, investment and/or development projects.
ARC Minerals places strong corporate oversight on its investee companies to ensure risks associated with exploration are mitigated as much as possible.
By investing in exploration, ARC Minerals offers shareholders and investors the opportunity to benefit from what can hopefully be a transition in value as a resource asset increases in value through the investment in exploration. When a natural resource asset is taken up the value curve to the point where it becomes and independently verified mineral resource, opportunities to release value for ARC Minerals shareholders can then emerge.
Our gold projects are as follows:
Šturec Gold Project
Location: Central Slovakia
Operator: Arc Minerals
Gold in the Ground: 1.32 Moz Au Eq. JORC Code (2004)
Ortac Stake: 100%
Stage: Undergound Mining Permit re-issued, mining operations have recommenced
Project Investment to date: ~$30 million
Location: Democratic Republic of the Congo
Operator: CASA Mining Ltd
Gold in the Ground: 3 million ounces averaging 2.16 grams per tonne (JORC 2018)
ARC Minerals Stake: 99.43%
Stage: Advanced Exploration
Next Step: Commencement of scoping study
Project Investment to date: $30 million
Our copper-cobalt project is:
Kalaba Copper Cobalt Project
Operator: Zamsort ltd
Resource: Non-Code Compliant Resource of copper and cobalt
Ore in the Ground: 16.59 million tonnes
Cobalt in the Ground: 840 tons per year
Arc Minerals Stake: 66%
Stage: Commercial scale demonstration plant under construction
Next Step: Processing 35kt of ore per month with a grade of 1.00% ASCu and 0.20% ASCo. C1 cash costs estimated at $2,500/t of recovered copper.
Board & Management
The Board & Management of ARC Minerals comprise of experienced natural resources professionals with a proven track record in taking exploration stage projects up the value curve into either producing mines or projects that release value for shareholders through a liquidity event.
Nick von Schirnding
Nick von Schirnding has over 25 years' experience in the mining sector across a number of geographies. Nick was CEO of Asia Resource Minerals plc, a FTSE listed mining company. Prior to this Nick was a senior executive with Anglo American plc and De Beers.
Don Bailey was the former head of mining operations for Rio Tinto in Africa, South America and Europe where he spent 30 years with Rio Tinto as Joint Global Head of Mining Operations.Subsequent to his time with Rio Tinto, Don was a founder member, CEO and Chairman of LionOre Mining International Ltd.
Mr. McMaster has almost 20 years’ experience in the area of corporate reconstruction and turnaround and performance improvement and 20 years in the mining and exploration industry. Mr. McMaster’s recent experience includes founding Harvest Minerals and Jangada Mines, AIM listed companies with Potash and PGM projects in Brazil respectively, as well as numerous reorganisations and the recapitalisation and listing of 12 Australian companies. Mr. McMaster’s career to date includes significant working periods in the United States, South America, Asia, India and UK. Mr. McMaster was a founding director in venture capital and advisory firm, Garrison Capital Pty Ltd, and is also currently a director of a number of ASX and AIM listed companies.
Michael is the Founder and Executive Chairman of CASA Mining Limited. Before this he was the non-executive Chairman of Copperbelt Minerals Limited, a private company that discovered a copper-cobalt deposit in the Democratic Republic of Congo and was sold in 2012 for $191 million. He has also held senior roles at a number of businesses on AIM and was Managing Director of Reunion Mining PLC, a Main Market listed Africa focused mining and exploration company, with assets in Namibia and Zimbabwe. Michael holds an MBA in in Business Studies from the London Business School and has a B.Sc (Hons) in Geology from the University of St Andrews, Scotland.
Jonathan de Thierry
Jonathan de Thierry is an English graduate geologist with 25 years experience in mining and investment banking in Africa & Europe. He is a founder of Casa Mining and has raised significant capital for exploration and development of major DRC mineral projects.
Chief Operating Officer
Vassilios Carellas is a geologist by profession with extensive experience gained in the mining and exploration industry in Central Asia. Prior to joining Ortac Resources (UK), Vassilios held the post of Managing Director of Kryso Resources plc, an AIM listed company that he co-founded and listed in 2004. Before founding Kryso, Vassilios worked for two Canadian listed companies operating producing mines in various positions ranging from Mine Geologist through to Chief Geologist and General Manager.
|Hargreaves Landsdown(Nominees) ltd||29,353,353||9.43|
|Interactive Investor Services Nominees||23,908,003||7.68|
|BARCLAYS DIRECT INVESTING NOMINEES LIMITED||15,646,619||5.02|
|Shares Not Held in Public Hand|
|Directors and Insiders||45,122,754||14.49|
|ARC shares in issue||311,399,300||100%|
We maintain an active and engaged dialogue with our investors, for more information please call +44 (0) 20 7917 2942 or email: [email protected]
ARC Minerals (UK) Ltd
London W1J 9HF
ARC Minerals Ltd.
British Virgin Islands
Bratislava Representative Office
Banská cesta 27
Kremnica 967 01
Nominated Advisor & Broker
SP Angel Corporate Finance LLP
Prince Frederick House
35-39 Maddox Street
London W1S 2PP
Solicitors (English Law)
Kerman & Co LLP
London WC2R 1DJ
Legal Counsel (British Virgin Islands)
PO Box 71
Tortula VG1 110
British Virgin Islands
Legal Counsel (Slovakia)
Majernik & Mihalikova
811 08 Bratislava
JUDr. Lubomir Ivan
Dukelskych hrdinov 22
960 01 Zvolen
Reporting Accountants (UK)
1 Westferry Circus
London E14 4HD
Reporting Accountants (Slovakia)
040 01 Košice
Computershare Investor Services (Jersey) Ltd.
PO Box 329
Jersey JE4 9XY
Financial PR Adviser
7-10 Adam Street
London WC2N 6AA