Market Cap. $2.522M Cash as at 30/06/2017 $2,541M Estimated cash...

Market Cap. $2.522M
Cash as at 30/06/2017 $2,541M
Estimated cash outflow September Quarter $150K, so should have circa. $2.391M

Gascoyne Project
Exploration conducted by farm-out partner Segue Resources Limited (ASX: SEG) (Segue) has focused on the lithium potential at the Mortimer Hills site in the Gascoyne region. A number of soil sampling programs were completed, which have identified a low order Li-Cs-Ta-Rb anomaly at the Camel Hill prospect.

Under the agreement with Segue, Zeus has recently confirmed with Segue the completion of the Stage 1 Farm-in. Segue has now earned a 35% Participating Interest in tenement E09/1618 and will continue Stage 2 farm-in to acquire an additional 15% Participating Interest.

Wiluna Project
During the year preparation for the proposed follow up drilling on the Lake Way Project continued. This preparation included a field visit to the Project area, during late 2016, to assess access conditions and the proposed drill collar locations.

The proposed drilling is a follow up to a successful drilling program conducted in December 2014 where prospective reduced sediments were determined to be widespread at depth within the Lake Way Palaeochannel, with a regionally extensive target sand horizon determined to be restricted to the palaeovalley axis.

The follow up drill program has been planned to target these prospective reduced palaeochannel sandstones within the Kukububba (Lake Way) Palaeochannel.

Approval for this drilling program has been granted by the DMP, with Aboriginal heritage clearance alsoobtained, for these drill locations within the Lake Way Project area.

Zeus is currently reviewing its plans to undertake the proposed drilling in the first half of 2018.

The board remains committed to acquiring the right project with the long term goal of creating
shareholder value in mind.