AUS
NZ
UK
CA
USA
IND
Highlights
- Australia is home to more than 20% of the world's zinc and lead deposits.
- Earlier in August, Consolidated Zinc Limited completed the acquisition of Westoz Lithium.
- In the June 2022 quarter, IronBark Zinc Ltd signed a Memorandum of Understanding with Norway-based Leonhard Nilsen & Sønner.
Australia is at the lead of technological advancement regarding operations of Zinc. Most of the zinc mines in Australia are underground and heavily mechanised. The country contains more than 20% of the world's known zinc and lead deposits. In terms of global mine production and zinc exports, it comes second to Canada, after China.
Zinc is largely used in the building, transportation, and appliance manufacturing sectors, primarily as anti-corrosion coatings.
With this backdrop, we at Kalkine Media® will discuss four ASX-listed companies related to Zinc.
Auking Mining Ltd (ASX:AKN)
Auking Mining gained nearly 5.4% this quarter-to-date (QTD). Initially, the company will be active in the Koongie Park copper/zinc project. The project is in north-eastern Western Australia.
Recently, the company registered encouraging results from its Emull project. The project's reverse circulation drilling program confirmed copper and zinc sulphide mineralisation.
Further, considerable magnetic features were also found at a distance from the main mineralised zone. The company is planning further drilling activities before the end of 2022.
Consolidated Zinc Ltd (ASX:CZL)
Shares of Consolidated Zinc are trading in the green this quarter with an upside of 41.2%. The ASX listed zinc player has 100% interest in the Plomosas mine. Plomosas is one of the top grades, low-cost zinc mines of the world. It is in Chihuahua, Mexico.
Earlier in August, the company completed the acquisition of Westoz Lithium. The acquisition costed AU$140,000 in cash and AU$600,000 in shares. As per the acquisition, CZL was granted exploration licences in the Pilbara and Gascoyne Regions in Western Australia.
Zinc of Ireland NL (ASX:ZMI)
Shares of ZMI are down by about 5.4% this quarter. The ASX-listed firm is engaged in activities related to Zinc assets in Western Australia and Ireland.
Highlights of ZMI for the 2022 June quarter:
- Completed first two holes at Rapla, Ireland, Rathdowney Trend.
- Completed the first phase of regional exploration at the greater Rathdowney Trend
- Follow-up soil sampling was conducted in Earaheedy, Western Australia. One thousand and thirty-six samples were taken for analysis. The results of the analysis are pending.
Ironbark Zinc Ltd (ASX:IBG)
Share value of the ASX-listed resource company has depreciated by about 44% this quarter. The company is currently focused on the Citronen Project, placing it strongly in the strengthening Zinc market.
In the June 2022 quarter, the company signed a Memorandum of Understanding with Norway-based Leonhard Nilsen & Sønner (LNS). The company ended the quarter with AU$2.92 million in cash at bank.