ZINC OF IRELAND NL onlyuse
ersonalMarch 2022
Ireland - Rathdowney Zinc-Lead Project: Brownfields exploration in producing mineral province. Exciting new drill targets
Western Australia - Earaheedy Basin Zinc-Lead Project: Highly leveraged simple xploration strategy in an emerging base metal basin
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audited or verified by ZMI.
The information contained in this presentation is for information only and does not constitute an offer to sell, issue or arrange to sell securities or other financial products. Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to ZMI. In particular, they speak only as of the date of this document, they assume the success of ZMI's strategies, and they are subject to significant regulatory, business, competitive and ec nomic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document ("Recipients") are cautioned to not place undue reliance on such forward-looking statements. Past performance is not a guarantee of future performance. ZMI makes no representation or warranty, expense or implication as to the accuracy, reliability or completeness of information or the likelihood of achievement or reasonability of forecasts, prospects or returns capital in this
usedocument and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.
To the extent permitted by law, ZMI and its related bodies corporate and any of their respective officers, employees and agents and any other person ("Agents") disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of ZMI and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. You are totally responsible for forming your own opinions and conclusions on such matters in the market and for making your own independent assessment of the information. You are solely responsible for seeking independent professional advice in relation to the information and any action taken on the basis of the information. All currency amounts are in A$ unless stated otherwise. The release, publication or distribution of this presentation in jurisdictions outside of Australia may be a violation of applicable laws.
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Corporate Overview
TICKER | SHARES ON ISSUE | OPTIONS ON ISSUE | MARKET | CASH AT BANK | ENTERPRISE VALUE | |||
ASX: ZMI | ~169.5m | 28.25m | CAPITALISATION | ~A$1.6m | ~A$7m | |||
only | million | (exercisable at | ~A$8.5m | |||||
10c and 20c) | (@ 5c per share) | |||||||
Board & | • | Positioned with a | strong and tight | share register, | ||||
use | Related Parties | including significant insider & institutional ownership | ||||||
(14%) | ||||||||
Retail | • | Top 3 groups own ~47% | ||||||
Dundee | • | Top 20 own ~66% (increase from 2021) | ||||||
(34%) | ||||||||
Corporation | ||||||||
Project potential recognised by cornerstone | ||||||||
ersonal | (19.9%) | • | ||||||
investor Dundee Resources & Delphi AG | ||||||||
• | Directors have bought on market and are | |||||||
Delphi AG | currently taking fees in stock | |||||||
(12.6%) | ||||||||
Residual Top 20 | ||||||||
(19.5%) | Notes: | |||||||
1. A breakdown of the Options on issue is available in the announcement lodged with ASX on 4 January | ||||||||
2022 | ||||||||
2. Details are as at 31st December 2021 (please refer last quarterly report) | ||||||||
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Upcoming Catalysts Offering Significant Leverage to Shareholders
Ireland - Rathdowney Trend
• Multiple Rig Drilling Programs:
only | • Maiden drill program to commence at the Rapla Prospect which was won by way of a successful ballot, has walk up drill | |
targets and is located 2.5km from the famous Galmoy Zinc-Lead Mine, which has sought permitting to re-open | ||
• Commencement of step out drilling at the brownfields Kildare Project which aims to significantly grow project scale and add to | ||
current JORC resource of 11.3mt @ 9.0% Zn+Pb | ||
use | • Significant previous drill intersections. e.g. 61m @ 10.3% Zn+Pb from 6m & 48m @ 12.2% Zn+Pb from 14m* | |
• | Regional target generation over the entire Rathdowney Trend - Ongoing | |
Western Australia - Earaheedy Project | ||
• | Completion of soil sampling of the 23km of unconformity contact, currently ~50% complete | |
ersonal | ||
• | Auger/RAB drilling to tighten confidence of known anomalies |
• RC and/or Diamond drilling to follow up any warranted anomalies
* Refer ASX release from 22nd July 2016
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Ireland: A Track Record of Zinc Mine Development
Ranked first in the world for Zinc discovered per km2#
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• 50 years of exploration has resulted in the discovery of >25 deposits containing +20Mt of Zinc metal
• Established mining industry - ranked 7th in the 2019 Fraser Institute Investment Attractiveness Index
• Home to Europe's largest Zinc mine in operation since 1977 - Boliden's Tara Mine
• Grid power, roads, railways & ports
• Modest cost profiles, skilled local workforce
• Numerous smelters within Europe
• 25% corporate tax rate on mining operations
• Royalty: negotiated on a project basis, expected range 1.5% - 3.5% NSR
Aerial view of Lisheen Mine whilst in production. | #http://www.mineralsireland.ie/files/2016_ZincAndLeadInIreland.pdf |
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Zinc of Ireland NL published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 21:38:28 UTC.
