Company Information for Zeehan Zinc Limited

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AIM; ZZL View full financial data

Company Statement

Initially incorporated in Tasmania, Australia in 1999, Zeehan Zinc is a mining, exploration and development company seeking to mine and process certain zinc, lead and silver deposits in Western Tasmania, Australia.

The Directors believe that the Company can be developed into a leading producer in Australia of mined zinc, lead and silver by extracting these minerals through the establishment of (primarily) open pit mining operations to produce metal concentrates. To take advantage of current metal prices, the Company is also considering the processing and sale of pre-concentrates in the near term.

Through two of its wholly-owned subsidiaries, the Company holds two Mining Leases, three Exploration Licences and a Mining Lease application which all together cover a mineralised area of approximately 100 km2 near the township of Zeehan (approximately 200 km northwest of Hobart) in Western Tasmania.

Current Operations

Production
Comstock Mine
Comstock Mine is Zeehan Zinc's operating, production mine. The Comstock area is held under mining lease 5M/2007 covering over 245 hectares. The mine is situated 5 kilometres west of the township of Zeehan along Trial Harbour Road and neighbours the Avebury Nickel mine a further 4 kilometres to the south-west.
 
Development
Oceana Mine
The old Oceana mine is situated 4 kilometres south of the township of Zeehan near Henty Road and at the foot of Mount Zeehan. The site is situated within Zeehan Zinc's exploration licence EL20/2002 and has been the focus for much of the company's exploration in recent times.

Exploration
Mariposa Project
Mariposa is Zeehan Zinc's newest project. The Mariposa site is situated 6 kilometres south-east of the Zeehan township and is within Zeehan Zinc's exploration licence EL20/2002. A mining lease application (7M/2007) has been lodged for a 98 hectare area over the Mariposa mine site. 

Geographical Spread

Board of Directors and Key Management

Chairman & Non-Executive Director - Dr. Yuewen Zheng

Managing Director & Acting CEO - Mr. Xiaojian Ren

Deputy Chairman & Non-Executive Director - Mr. Tad Ballantyne

Non-Executive Director - Mr. Frank Lewis

Non-Executive Director - Dr. Clive Burrett

Non-Executive Director - Mr. Stephen Powell

Chief Financial Officer - Mr. Derek Sun

Non-Executive Director - Mr. Nicholas Wrigley

Chief Geologist & Acting COO - Mr. Shu Zhan

General Counsel & Company Secretary - Mrs. Yasmine Healy

Company Address Level 1, 199 Macquarie Street Hobart, Tasmania, Australia 7000 Telephone: +61 3 6216 2700 Facsimile: +61 3 6223 3800 Email: enquiries[at]zeehanzinc.com Website: http://www.zeehanzinc.com

Capital Number of AIM Securities currently in issue: 144,976,674

Annual General Meeting November

Year End 30 June

Nominated Brokers Libertas Capital Securities Limited 16 Berkeley Street London W1J 8DZ United Kingdom

Nominated Advisors Libertas Capital Corporate Finance Limited 16 Berkeley Street London W1J 8DZ United Kingdom

Major Shareholders

CREDIT SUISSE CLIENT NOMINEES (UK)	15,913,846	12.074%
EUROPE WIND III BV	14,652,014	7.41%
W B NOMINEES LIMITED	8,925,000	6.772%
CREAT GROUP LIMITED	9,000,000	6.200%
MR DAVID JAMES BENDALL	6,183,455	4.691%
THE BANK OF NEW YORK (NOMINEES)	5,179,484	3.93%
THE BANK OF NEW YORK (NOMINEES)	4,759,720	3.611%
WIND CITY INC	4,500,000	3.414%
KINGDOM SECURITIES PTY LTD	4,000,000	3.035%

Related News

17/06/08 - Zeehan Zinc: It Does What It Says On The Tin, For Now
05/11/07 - Zeehan Zinc Appears To Have Turned The Corner At Last.
14/03/07 - Zeehan Zinc Lists On Aim With Production Only Months Away

Most Recent Statement

18/07/08 - Trading Update
29/04/08 - Operations Update and New Appointments of Senior Management
13/03/08 - Interim Results
30/01/08 - Board Appointment
11/12/07 - Placing of Convertible Loan Notes
06/12/07 - Resources Update