30 April 2012
HIGHLIGHTS
- During the quarter, Zamia announced an updated resource estimate for the Anthony Molybdenum deposit. This new resource definition incorporates the drilling undertaken in the second half of 2011.
- Zamia was granted an additional five Exploration Permits for Minerals (EPMs). Three are in the northern part of the tenement block (Disney, Laurel Hills and Elgin Downs), and the other two EPMs (Amaroo South and Cairo) cover prospective ground adjoining EPM 14790 and EPM 15145.
- Zamia raised $1,000,000 for additional working capital, including regional exploration, through a placement of shares and options.
15 March 2012
MAIN POINTS
- Independent resource consultants, Hellman & Schofield Pty Ltd, have updated the Inferred Resource estimate for the Anthony molybdenum (Mo) deposit
- New assay data from 1,741 metres (m) of infill and deeper diamond drilling resulted in slight increases to the June 2011 resource estimate and adds confidence to the estimate
- The Inferred Resource for the primary (sulphide) zone stands at 112 million lb of contained Mo using a 400 ppm Mo cut-off grade
- The Inferred Resources for the oxide and partial oxide zones are 20 and 6 million lb, respectively, of contained Mo using a 400 ppm Mo cut-off grade
- Preliminary metallurgical results of the primary zone resulted in Mo recoveries of approximately 85% and range from 80 to 95%
- New metallurgical test work on partial oxide zone samples indicates that a Mo recovery of >44% is achieved by sulphide flotation. External leaching tests have indicated that over 85% of the oxide or non-sulphide Mo is potentially recoverable
1 November 2011
HIGHLIGHTS
· The Company is considering options for funding ongoing work at the Anthony molybdenum (‘Mo’) project, including seeking a strategic investor or JV partner to provide funding to completion of a Definitive Feasibility Study.
· Diamond drilling continued at Anthony, with holes designed to test the continuation of Mo mineralisation to depths up to 500m.
· The Company has an increased focus on gold and copper targets within its exploration tenement holding.
26 October 2011
Chairman, Dr Ken Maiden's address at the Annual General Meeting of Zamia Metals Limited