I am rather excited by the new open ground acquired and drilling campaign (2500m) which I am sure Andrew lobbied for! It may have something to do with the very rare spike of Zn up to 1.7 USD/lb and the depletion of large zinc mines globally. I follow another zinc play NCZ which did a good presentation on the current development schedule for some large zinc deposits globally. My understanding of these proposed mines are that they are not in the most desirable locations. Some of the big ones are in China are at over 4000m altitude which creates all sorts of challenges. NCZ is currently making $6M to $10M AUD a month from a resource grade of 2.9% zinc within tailings. The average global Zn hard rock mine has an average Zn grade of 6 - 7% Zn. Therefore if the Scottish deposits are material and above 10% Zn then this would be a tier one asset which IMHO would be most likely development by the likes of BHP and RIO etc. These projects are very capital intensive so you need deep pockets. So as Zn inventories go down, large mines are depleted and countries start to spend capital infrastructure project to stimulate growth ie use Zn for galvanising etc it all bodes well for Zn. Have a look at the copper price below as well.
So if you stand back and look at WKT's portfolio of tenements they certainly fit the mould of battery minerals mining company. I can see Lindi Jump funding some great exploration projects within different jurisdictions with some exciting share price appreciation. IMHO
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