Australian (ASX) Stock Market Forum

ZNC - Zenith Minerals

Jump to new
Drilling has recently recommenced at the Split Rocks project in Western Australia. The initial 45 holes is anticipated to take approximately six weeks, with another 40 holes contingent on permitting and results of the first round of drilling.

The Split Rocks project is part of the Zenith Lithium Joint Venture with EV Metals Group. The maiden drilling program earlier this year returned encouraging results with drill hole ZVRC002 recording 20m @ 1.0% Li2O, including 10m @ 1.7% Li2O.

ZNC is perhaps better known for its JV with Rumble Resources in the Earaheedy basin, in which they hold a 25% free carried interest.

Some interesting broker research is available on their website with the most recent report dated this month valuing ZNC at 63c, a substantial premium to its current price of 34c.

Broker Research – Zenith Minerals

www.zenithminerals.com.au www.zenithminerals.com.au
 

Zenith Minerals (ASX:ZNC) discovers “major” new lithium target at Split Rocks, WA​

themarketherald.com.au

Zenith Minerals (ASX:ZNC) discovers "major" new lithium target at Split Rocks, WA

Zenith Minerals (ASX:ZNC) has discovered a "major" new lithium target at its Split Rocks project in Western Australia.
themarketherald.com.au themarketherald.com.au

The discovery follows auger soil geochemical sampling, which uncovered the new target — dubbed ‘Cielo’ — at the project in WA’s Goldfields region.

Cielo was identified as nine kilometres long by two kilometres wide, returning a peak auger soil value of 117 parts per million (ppm) lithium.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^ZNC&p=0&t=1
 
The Company has been lathering the market with Announcements .... Below are just since the close of the recent cap raise.

Fruits of their drilling in todays price action:

1757559385387.png


1757559290645.png


1757559334505.png
 
yep, peak Zenith

Screenshot_20250911_140215_CommSec~2.jpg

.
reports the first gold assay results from the 2025 drilling campaign at the 100% owned Red Mountain Project, Queensland. A highlight result of 139.4 m @ 1.05g/t Au has been returned from hole ZRMDD064. Importantly, geological observations in core — including a semi-massive sulphide zone — provide growing
confidence that Red Mountain is developing as an analogue to the Mount Wright deposit (9.8 Mt @ 3.35 g/t Au for 1.1Moz Au). as proposed by RSC (see ASX:ZNC 19th February 2025).
 
Top