ZNC 0.00% 4.5¢ zenith minerals limited

Sooner the better Albeast! I got 11 Jan date from the 7 Dec 23...

  1. 159 Posts.
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    Sooner the better Albeast! I got 11 Jan date from the 7 Dec 23 ASX release (see below), but didn't check the original announcement of the JV deal.

    "In January 2022, Zenith granted EV Metals Group (EVM) the exclusive right, but not the obligation, to
    earn a 60% project interest in the Split Rocks and Waratah Well projects, by sole funding the completion
    of a feasibility study before January 2024. Under the relevant agreement:
    • The feasibility study must have a Mineral Resource of a minimum of 35Mt @ 1.2% Li2O and be
    capable of producing 330,000 tonnes of spodumene concentrate with a grade of not less than
    6% Li2O for a minimum of a 10-year period: and
    • If EVM fails to complete the feasibility study prior to 10 January 2024, then it will be deemed to
    have withdrawn from the earn-in and the agreement will terminate on 11January 2024."

    Either way, bring it on!
 
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