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Argonaut Resources Substantial Shareholder Tattersfield Increases Stake To 9.78%

Argonaut Resources (ASX:ARE) substantial shareholder Tattersfield Group has increased its stake in the company to 9.78% from 5.22%.

Tattersfield had acquired shares in the company through a combination of on market purchases, off market placement and a new share issue.

It now has a total shareholding of 43,140,146 shares.

Argonaut and Chilean copper major Antofagasta plc (LON:ANTO) have started their major and highly anticipated drilling program of over 8,500 metres at the Lumwana West copper project in Zambia.

This will test the large footprint copper targets at the West Mwombezhi and Kavipopo targets as well as interpreted extensions and repetitions of the Nyungu Central copper deposit.

Antofagasta can earn 70% of the Lumwana West project by spending US$18.9 million on exploration plus the amount required to complete a feasibility study to international standards.

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