Australian (ASX) Stock Market Forum

ZNC - Zenith Minerals

Jump to new
Drilling has recently recommenced at the Split Rocks project in Western Australia. The initial 45 holes is anticipated to take approximately six weeks, with another 40 holes contingent on permitting and results of the first round of drilling.

The Split Rocks project is part of the Zenith Lithium Joint Venture with EV Metals Group. The maiden drilling program earlier this year returned encouraging results with drill hole ZVRC002 recording 20m @ 1.0% Li2O, including 10m @ 1.7% Li2O.

ZNC is perhaps better known for its JV with Rumble Resources in the Earaheedy basin, in which they hold a 25% free carried interest.

Some interesting broker research is available on their website with the most recent report dated this month valuing ZNC at 63c, a substantial premium to its current price of 34c.

Broker Research – Zenith Minerals

www.zenithminerals.com.au www.zenithminerals.com.au
 

Zenith Minerals (ASX:ZNC) discovers “major” new lithium target at Split Rocks, WA​

themarketherald.com.au

Zenith Minerals (ASX:ZNC) discovers "major" new lithium target at Split Rocks, WA

Zenith Minerals (ASX:ZNC) has discovered a "major" new lithium target at its Split Rocks project in Western Australia.
themarketherald.com.au themarketherald.com.au

The discovery follows auger soil geochemical sampling, which uncovered the new target — dubbed ‘Cielo’ — at the project in WA’s Goldfields region.

Cielo was identified as nine kilometres long by two kilometres wide, returning a peak auger soil value of 117 parts per million (ppm) lithium.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^ZNC&p=0&t=1
 
Top