The Conversation (0)
Zazu Metals Corporation (TSX:ZAZ) signed a second Cost Reimbursement Agreement (CRA) with Alaska Industrial Development and Export Authority (AIDEA), which funds and enables AIDEA to continue studies on the road and port that currently services Teck’s Red Dog Mine.
Zazu Metals Corporation (TSX:ZAZ) signed a second Cost Reimbursement Agreement (CRA) with Alaska Industrial Development and Export Authority (AIDEA), which funds studies commissioned by AIDEA to evaluate Zazu’s use of AIDEA’s haul road and port.
As quoted in the press release:
AIDEA’s haul road and port are collectively known as the Delong Mountain Transportation System (“DMTS”). AIDEA financed the construction of the DMTS specifically to develop regional resources such as Lik and the Red Dog Mine. The second CRA studies will:
Determine if modifications are required for handling Lik concentrate, based on current mine output expectations;
Produce a Term Sheet detailing the expected cost for Zazu to use DMTS.
Click here to read the Zazu Metals Corporation (TSX:ZAZ) press release
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