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Zenith is set to expand portfolio with exciting gold and copper projects

February 10, 2021
Cat McLean

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Zenith is set to expand portfolio with exciting gold and copper projects

Zenith Minerals (ASX:ZNC) is a gold exploration company that identifies, explores and develops base and precious metals around Australia.

Zenith Minerals (ASX:ZNC) is a gold exploration company that identifies, explores and develops base and precious metals around Australia.

The company has four major projects currently; three gold projects and one copper project. They are all located on sites with historic and current multimillion ounce endowments. 

 

“Our strategy is to find a big deposit. It’s something that’s going to make a significant value impact to the company,” said CEO Michael Clifford on the Insider. 

 

In the past year, Zenith has made new gold discoveries at their Red Mountain Gold Project in Queensland.

 

“This is a project where we’ve made a new gold discovery with spectacular, high-grade results,” said Michael.

 

Exciting surface discoveries have also been made at their other gold and copper projects in Queensland, New South Wales and Western Australia including Split Rock Gold Project and  Develin Creek Copper-Zinc Projects in Queensland.

With drilling commencing at two of the gold sites and the copper site in the coming months, Zenith is set financially to significantly expand their portfolio this year with reserves of around $3.8m.

 

“We’ve had good share price growth throughout 2020. We did a cap raise mid last year at 10 cents and currently trading 30% to 40% above that price,” said Michael.


Zenith’s CEO Michael Clifford recently joined us for our fortnightly webcast ‘The Insider’. This article summarises some of the information he shared with us during the session. You can watch a full recording below, or you can click here to book into our next session where we will be joined by Michael Winlo, CEO of Emyria Limited and Murray Hill, Managing Director of Marenica Energy.

‘The Insider’ is a great way to hear directly from the CEOs of fast growing Australian businesses. You will get valuable insights to their industries and companies future prospects.

The Insider: Meet the CEOs – Event Details:

Date: Wednesday, 17th February
Time: 12pm AEDT
Format: Online, 2 x 15 minute presentations

This is a free event. Click here to book your spot.

Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position. Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you. 

The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.

Past performance is not a reliable indicator of future performance.

 

Sources:

 


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