TIDMZRL 
 
RNS Number : 7476O 
Zambezi Resources Ltd 
12 March 2009 
 

12 March 2009 
Zambezi Resources Limited 
 
 
Rio Tinto Mining and Exploration Ltd Withdraws from Mulofwe Uranium JV 
 
 
Zambezi Resources Limited ("Zambezi" or the "Company") (AIM:ZRL; ASX:ZRL) today 
announces that it has received notice from Rio Tinto Mining and Exploration 
("Rio") that it has withdrawn from the Mulofwe Uranium Joint Venture ("JV") in 
Zambia. Rio's withdrawal from the JV took effect as of 9 March 2009. 
 
 
Rio cites the primary reason for withdrawing from the JV as "a reduction in 
global budgets across Rio Tinto Exploration has forced us to re-examine our 
portfolio and focus on a few core projects". Rio entered into the JV on 4 
September 2007 with the intention of generating and drill testing targets for 
uranium mineralisation within the property. 
 
 
Initial work by Zambezi highlighted the potential of the project through 
detailed airborne radiometrics. Follow up rock chipping and trenching lead to 
the discovery of the Nkala Prospect. Results of this initial radiometric survey 
showed an anomalous corridor of elevated radiometric response in excess of 20km 
in strike coincident with lithostratigraphic shale units and structure. 
 
 
Subsequent to the JV being signed in 2007, Rio embarked on a detailed and 
focused exploration program consisting of airborne VTEM, surface mapping, 
spectral mapping, rock chipping, trenching, SEM characterisation of selected 
minerals and wholerock analysis of selected samples. 
 
 
The work carried out by Rio has significantly advanced the Nkala Prospect and 
identified other new targets with coincident VTEM conductors and elevated 
radiometric response within the project area. As a result of the detailed 
exploration work carried out by Rio, collar positions for drillholes have been 
planned and were intended for testing by Rio in Q4 2008. It is Zambezi's 
intention to drill these targets when the Company has secured its financial 
position. 
 
 
The Company has today received a query letter from the ASX in respect of the ASX 
announcement of Rio's withdrawal from the JV ("the Withdrawal"). This letter 
queries, in particular, the materiality of the Withdrawal and the timing that 
the Company became aware of the Withdrawal. 
 
 
Due to the infancy of the project and work that had been carried out on the 
project to date by Rio Tinto the Company does not believe that the Withdrawal is 
material to the operations of the Company given the progress that had been made 
and that Withdrawal took place prior to any drilling taking place and any drill 
results being announced. 
 
 
A copy of the ASX letter and Zambezi's response letter have been announced to 
the ASX and are available on the ASX website www.asx.com.au and the Company's 
website www.zambezireources.com 
 
 
For Further Information please contact: 
 
 
+----------------------------------------+----------------------------------------+ 
| Julian Ford, Managing Director         | Simon Edwards / Adam Lloyd             | 
| Zambezi Resources (Australia)          | Evolution Securities Ltd               | 
| +61 (08) 9216 9000                     | + 44 20 7071 4300                      | 
| +61 (0) 418 949 580                    |                                        | 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
| Fiona Owen                             |                                        | 
| Grant Thornton UK LLP                  |                                        | 
| +44 20 7383 5100                       |                                        | 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
 
 
ADDITIONAL INFORMATION 
Zambezi is listed on London's AIM market and the Australian Securities Exchange 
(ASX & AIM Ticker: ZRL) and currently has two main projects, Cheowa and 
Kangaluwi. The Company is focused on discovering and developing large 
Copper-Gold projects in southern Zambia. The Cheowa project is a joint venture 
with Glencore International AG, who have earned a 51% interest in the 
project. The Company believes that the Kangaluwi project has the potential to be 
a world class open pit copper deposit. To date the Company has spent over US$ 10 
million on the project and drilled over 50,000metres, testing 8km's of the 
28km's of strike length. The Company has one remaining Uranium Joint Venture on 
approximately 30% of its tenement area, with Lithic Metals and Energy. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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