From the rights issue notice: “Your Company is committed to...

From the rights issue notice:


“Your Company is committed to delivering value from Gorno. The rights issue proceeds will
leave us well positioned to advance this high-value zinc project with the added benefit of the
latest encouraging exploration results and in time for a forecast global supply shortage of
the metal.” (2 August 2017)

From June quarterly:

Energia is now pursuing a development plan for Gorno in line with:

•  a revised project scope based on the ongoing evaluation of the regional zinc endowment; and
•  the ongoing study of production options for a starter-project based on the existing resource

The offer document stated the funds would be used to:

• explore commercial opportunities with strategic investors and/or partners to assist the Company in accelerating Gorno’s development on a scale commensurate with the regional zinc endowment.

From these announcements I am expecting a plan to go into early production albeit on a smaller scale. The longer this drags out the less likely any production will be earlier than previously advised.

Anyones expectations different to mine.