one step ahead
Marindi’s wholly owned flagship Newman Zinc Project is located in the Capricorn Orogen of Western Australia, while its McArthur River projects are located in the Northern Territory.
Newman’s Prairie Deposit has a JORC 2012 resource of 3 million tonnes at 5% zinc, 1.6% lead and 15 g/t silver.
The Wolf Prospect at Newman also has a large base metal resource as determined from 2015 drilling intercepts that included 58 metres at 2.3% zinc, 0.1% lead and 13 g/t silver.
The McArthur projects, which include the Yalco JV with Teck and the wholly owned Caranbirini Project, are strategically located near Glencore’s (LON:GLEN) McArthur River Mine. This mine had reserves of 110 million tonnes at 10% zinc, 4.7% lead and 47 g/t silver
MZN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
