STT Weekend Lounge September 9-11, page-197

STTCOMP ZMI, FA Long

Shares: 914m
MC: $15.54m
SP: $0.017
Cash: $5,795,038

Zinc

Historical Grades of 48m @ 12.2% zinc and lead from 14m

Drilling underway at their Kildare project with Sulphide Mineralisation intersected, with 3 holes only drilled so far and more expected, recent results released with one hole confirming shallow oxidised suliphides from 16m to 36m and another intersecting 20m of brecciated zinc bearing sulphides from 417m. (Refer to Announcement on 07/09/2016)

The reported intersection was expected and lines up with previous historical data of the Kildare Project.

A major upside and important aspect is the intersection at 417m had been previously untested as this was beyond previously drilled lengths, the company sees this as an exciting new target.

Management has described the mineralisation intersected as being inidcative of Mississippi Valley Type (MVT) which is the target style of the Kildare Project. MVT style is from my basic understanding a very good thing and bodes well for future prospects and results, especially on the back of such good historical zinc grades.

With CR completed to Sophs at 0.024 and 0.008 with the latter shares being sold off and soaked up and $5.79m in cash, outlook seems very promising. Options of 283.12m exercised at 4c are highly likely to want to be exercised by the company and be in the money, so should see ZMI push on from here.

Drilling assay results due in October and further updates and news to be provided by management in September

Disclosure: I hold quite a large amount of heads of ZMI

Not advice for a buy or sell, always conduct your own research and analysis.