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Consolidated Zinc Ltd.
Summary
| Project: | Plomosas | |
|---|---|---|
| Deposit: | Plomosas | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 10/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 27-10-2017: Consolidated Zinc Ltd. announces a Scoping Study report for its Plomosas deposit at the Plomosas project. Scoping study into recommencing mining is completed. Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased | |
| Resources: | (Resource, I+I): 968Kt @ 12.1% Zn, 3.8% Pb, 24.0g/t Ag at Plomosas | |
| CP/QP: | [Overall Report]: David Pass (BatteryLimits Pty Ltd.) | |
| ABSTRACT: | Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased to announce that the Scoping Study into recommencing mining at its Plomosas mine in Mexico was completed with positive results at a base-case level as well as several potential areas where returns might be improved. The study focussed on mining the Tres Amigos resource on Level 5 using existing infrastucture. An increase in the Tres Amigos portion of the resource was recently announced to the ASX on 4 September, 2017 and comprised a total resource of 544,000 tonnes grading 11.2% zinc, 2.1% lead and 13.9 g/t silver (see Table 1 for full details). Of this, 10% falls into the indicated category. While slightly lower grade than the other resources at Plomosas, this material was prioritised due to its proximity to surface, the ability to immediately accessthe ore via existing infrastructure, the high metallurgical recoveries that had previously been identified and the quality concentrate that testwork has established can be obtained. The strategy underpinning the Scoping Study was to recommission the mine and plant with an early start up at Tres Amigos while optimising and drilling to expand the remaining resource to provide higher grade millfeed in years 2 and 3 onwards. The mining component of the study was undertaken by independent global consultant RPM Advisory Services Pty Ltd (“RPM”) while BatteryLimits Pty Ltd addressed the metallurgical and process engineering options as well as the final financial model. | |
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