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ZincOx Resources

ZincOx Resources (ZOX) aims to become a low cost producer of zinc through development of its recycling projects in the United States and Turkey and its Jabali zinc mine in Yemen.

Recycling plant now fully financed

Funding for Ohio recycling project assured, creating flexibility for further development

Follows funding for the Jabali zinc mining project announced in January 2008

Total $280m raised in the last six months in debt and equity, against a forbidding market background

Target price 411p against current price of 175p

Publication Date:
June 18 2008

Prelims and progress

Reported profits heavily influenced by deferred settlement on Shaimerden

Funding in place to develop Jabali in Yemen

US recycling project on track

Fair value at 464p / share well above current levels

Publication Date:
April 29 2008

Robust financing in place

£20m conditional placing

Shaimerden 2007 payment received: £15m

Jabali mine go-ahead

Recycling: two stage development now planned

Publication Date:
January 22 2008

Steady progress: target price unchanged

Focus still to build a  three site integrated solution to the stel industry's problem of disposal of  Electric Arc Furnace Dust

Cash resources of £25m at end June 2007

Fair value seen at 558p/share

Publication Date:
October 4 2007

Unique, undervalued zinc producer

  • ZincOx well advanced in plans to be a low cost producer of Zinc
  • Processing technology provides a new, economic source of the metal
  • Support (technical and on register) of Teck Cominco
  • Current share price (280p) appears to significantly underestimate potential - medium term target 496p - Fair Value 558p

Publication Date:
March 15 2007