From the SMH website:Zinifex Ltd, which has agreed to a $6...

From the SMH website:

Zinifex Ltd, which has agreed to a $6 billion merger with Oxiana Ltd, says it has made a new zinc discovery south of its Rosebury mine in Tasmania.

The zinc and lead miner said it made the "exciting" discovery five kilometres south from the Rosebury zinc mine in an area previously thought to be "unprospective".

Zinifex chief development officer Stewart Howe said the mineralisation looked "Rosebury style" and had the potential to be a "major new discovery".

The company said work would be fast-tracked to determine the extent of the find.