Australia Investing

Consolidated Zinc: Mining Commences Immediately at Plomosas

The CZL Board has approved the development plan and mining will commence immediately with monthly receipts commencing mid October 2018.

Consolidated Zinc (ASX:CZL)has announced it will commence mining at its Plomosas zinc-lead-silver project in northern Mexico.

The CZL Board has approved the development plan and mining will commence immediately with monthly receipts commencing mid October 2018.

As highlighted in the press release:

Mining of high-grade Tres Amigos mineralization at Plomosas to commence immediately
First zinc sulphide processed in September, C1 cost less than US$0.50/lb zinc
Toll treatment and concentrate off-take agreement secured with Grupo Mexico
Plan to process 1 – 4 lots of 2,500t per month starting September with first cashflow from production in October 2018
Fully funded to cashflow with low capex requirement of US$500,000

Click here to read the full Consolidated Zinc (ASX:CZL) press release.

plomosas consolidated zinc asx:czl

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Scott Tibballs

Scott Tibballs

Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.

Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.

Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.

Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.

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