Zeehan Zinc is an operating mining, project development and exploration company, mining and processing zinc, lead and silver deposits in Western Tasmania, Australia. Exploration efforts include searching for winnable Nickel deposits. The board believes the company can be developed into a leading zinc, lead and nickel producer in Australia, by extracting these ores through open pit and underground mining, to produce metal concentrates. To take advantage of recent metal prices, the company is also considering the processing and sale of pre-concentrates in the short term.
The shares of the company were admitted to trading on the Alternative Investment Market (AIM) of the London Stock Exchange on 6th March 2007, following an oversubscribed placing which raised AUD22.4 million. The proceeds of this placing have been used by Zeehan Zinc to complete the construction and commissioning of the gravity processing plant, purchasing key components of a flotation plant, initial mining, environmental bonds, the commissioning of a tailings storage facility, and associated mine infrastructure at Comstock Mine.
Zeehan Zinc is now extremely well placed to capitalise on the current level of world commodity prices. | | | | Contractors of the Company please note – only the Managing Director is authorised to enter into contracts on behalf of the Company for amounts in excess of AU$1,000. Express agreement from the Managing Director in a written contract, or his written waiver thereof is required prior to the performance of work for the Company | |
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