Solitario Zinc Corp. (TSX:SLR, NYSE:XPL) is an exploration and development-stage junior focused on becoming a mid-tier zinc company. Solitario is building a strong portfolio of zinc properties across the Americas. The company has significant interest in two large high-grade zinc development projects through joint venture agreements with two of the world’s top five zinc producers. These partners have the technical and financial capabilities to advance projects to production.
The high-grade Florida Canyon project in Peru is a joint venture between Solitario (currently 39% going to 30% at full Nexa earn in) and Nexa Resources S.A., (operator) (NYSE:NEXA, TSX:NEXA). Nexa, one of the nation’s largest zinc producers, operates three large underground zinc mines in Peru. Solitario’s partners have funded over $60 million in exploration at Florida Canyon. A Preliminary Economic Assessment (PEA) was completed in August 2017, demonstrating robust economics for the project. Following the expected completion of a critical access road in 2018, Solitario anticipates moving the project into development with a completed Feasibility Study in 2019/2020.
- Joint venture interest in two large, high-grade zinc projects:
- Florida Canyon (Peru) in partnership with Nexa Resources S.A.
- Lik (Alaska) in partnership with Teck Resources
- Strong JV partners translates to lower risks and costs