For personal use only
AUSTRALIAN GOLD CONFERENCE
JUNE 14TH & 15TH 2022
For personal use only
Zenith Overview
- Zenith Minerals Limited (ASX:ZNC) is an Australian based mining company with 100% of the asset base located in Western Australia and Queensland.
- The Company has a strong track record of being an exploration project generator that continues seeking value generation for shareholders through astute acquisition of tenements that not only build on the asset portfolio but importantly compliment the existing land packages.
- In January 2022, we turned much of our focus towards the lithium assets within the portfolio having entered into a joint venture agreement with EV Metals Group, a Saudi/Australian organisation committed to becoming a global leader in battery chemicals and technology. EV Metals may earn a 60% interest in the lithium projects represented by two initial 100% owned Zenith Projects, Waratah Well and Split Rocks.
- As part of the investment by EV Metals into Zenith, plans are well progressed towards divesting the non-lithium assets into a separate vehicle called Mackerel Metals Limited (ASX MKM). An application is to be lodged with the ASX for this separate vehicle to be listed by September of 2022*
* Lodged an in-principle application to ASX for the demerger and IPO of MKM. For further details refer ASX announcement 13th January 2022 | 2 |
For personal use only
Corporate Overview
Capital Structure | ASX:ZNC
Share Price1 | Shares on Issue1 | Market Capitalisation1 | Cash2 |
$0.37 | 343.9M | $130M | $9.3M |
ZNC fully paid ordinary |
Share Price
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0 | ||||||||||||
June 2021 | July | Aug | Sept | Oct | Nov | Dec | Jan 2022 | Feb | Mar | Apr | May | June |
Listed Equities3 | - Listed in 2007 |
$13M | - Limiting Shareholder Dilution |
- Tightly Held | |
- Experienced Board & Management |
Major Shareholders 4
Directors | 3.4% | |||
0.37 | ||||
HSBC Custody Nom. | 9.5% | |||
City Corp Nom. | 8.3% | |||
Top 20 | ||||
BNP Paribas Nom. | 7.3% | |||
Holds 53% | ||||
Granich | 2.6% | |||
- As of 7th June 2022
- As of 31 Mar 2022
- As of 31 Mar 2022
- As of 27 May 2022
Contact Details | Level 2 / 33 Ord Street, West Perth, WA, 6005 | T: +61 8 9226 1110 | W: www.zenithminerals.com.au |
Mail: PO Box 1426, West Perth, WA, 6872 | E:info@zenithminerals.com.au | Zenith Minerals Limited ABN: 91 119 397 938 | |
3
For personal use only
$6M placement** in ZNC 20M shares @ $0.30
(20% premium to 10 DVWAP)
Lithium Assets
Joint Venture1
Split Rocks - Lithium Waratah Well - Lithium
Australian Lithium Alliance2
Mount Ida - Lithium
New Opportunities
Demerging the Asset Base
Non - Lithium Assets
Earaheedy 25% free carry to BFS
Develin Creek - Cu-Zn
Split Rocks - Gold
Red Mountain - Gold
Cowarra Option - Gold
Privateer - Gold
Auburn - Gold
Others
*Application has been made to the ASX for the listing of Mackerel Metals Limited (MKM) per ASX release 13th January 2022
1Joint Venture - ASX Release 13-Jan-22,2ALA - ASX Release 23-May-22
4
For personal use only
Existing Gold Projects
SPLIT ROCKS GOLD PROJECT (100% OWNED)
3 km long target drill testing continues (32m @ 9.4 g/t Au and 18m@ 2.0 g/t Au)1
As reported in the ASX release of 18th January 2022
RED MOUNTAIN GOLD PROJECT (100% OWNED)
High-grade near surface gold & silver in Zenith's maiden drill campaign 2 - drilling continuing (13m @ 8.0 g/t Au incl 6m @ 16.7 g/t Au)
ASX release 3 Aug 20 & 13 Oct 2022
COWARRA GOLD PROJECT (INITIALLY EARNING 22.5%) Major gold option play seeking Fosterville style deposit (35m @ 2.3 g/t Au & 15m @ 4.2 g/t Au)3
ASX release 13th May 2021
1 drill rig
Planned Program for June 2022
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Zenith Minerals Limited published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 23:52:02 UTC.