ZNC 0.00% 4.2¢ zenith minerals limited

Ann: RTR: Major Zinc-Lead Discovery at Earaheedy Project, page-12

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    The attractive thing for ZNC with this one is that they have a 25% share and they are free carried until completion of the Bankable Feasibility Study (BFS). This is very significant since it means that RTR has to pay for all the drilling and also all the costs associated with completing the BFS. ZNC has no risk or costs whilst this is being done and assuming the BFS determines that the Project is commercially attractive, ZNC will the have 25% ownership of a development ready Project without having had to pay for any of the groundwork to get it to a development ready status. This is significant since it costs a lot to get these Projects to the point of having a completed BFS.
 
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