Critical Minerals Exploration
IRELAND’S ZINC PROVINCE
A globally recognised setting for zinc exploration
Ireland has a rich history of zinc exploration and mining, leading to the naming of its own “Irish-Type” of zinc deposit.
Irish-Type zinc deposits are highly sought after by major mine developers due to Ireland’s established mining industry, favourable fiscal regime, and high quality zinc concentrates.
Ireland: Kildare Project – High Grade Zinc-Lead
Our flagship 100%-owned Kildare Project is located approximately 40km southwest of Dublin and is comprised of approximately 240km2 of contiguous prospecting licences.
On September 8th 2020 ZMI announced at updated resource for Kildare of 11.3Mt @ 9.0% Zn + Pb Inferred.
Our focus on the Kildare Project is driven by its similarities to the high grade profitable Irish-Type zinc mines nearby, including:
- Thick, high-grade zones of mineralization
- 19.89m @ 17.64% Zn+Pb at McGregor
- 15.65m @ 11.7% Zn+Pb at Shamrock
- Multiple deposits. Presently, McGregor, Fault Compartment 3 (FC3) and Shamrock.
- Flat-lying deposits amenable to efficient mining methods.
- Excellent metallurgical performance – high recoveries, clean concentrates, low energy requirements.
- ZMI is also investigating the potential of critical minerals contained in Kildare’s mineralisation, in particular germanium, gallium and silver
Long Section through the Kildare-Celtic Tiger Area.
Kildare Mineral Resource Estimate (MRE)
Notes:
- MRE based on a 5.0% ZnEq Cut-off
- For the purposes of calculating a ZnEq cut-off, these two prices were rounded to US$2,500 per tonne for Zn and US$2,000 per tonne for Pb, resulting in a 0.8 ratio between Pb and Zn. All elements included in the ZnEq formula calculation have reasonable potential to be recovered and sold.
- The resultant ZnEq formula used in the resource reporting is:
- ZnEq = (Zn% * Zn recovery) + (0.8* (Pb% * Pb recovery)).
- ZnEq = (Zn% * 0.9639) + (0.8 * Pb% * 0.8644)
- For further information on the Mineral Resource Estimate and ZnEq calculations, refer to ZMI’s ASX Announcement dated 8 September 2020.
Competent Persons Statement
The information on this page that relates to Exploration Results and Mineral Resources is extracted from an ASX announcement dated 8 September 2020 which is available to view on www.zincofireland.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented here have not been materially modified from the original market announcement.