AI assistant
SCIDEV LTD — Regulatory Filings 2017
Aug 30, 2017
65761_rns_2017-08-30_b89d4e9f-4b20-4de9-89ce-16cd25f804b2.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [278 x 72] intentionally omitted <==
Suite 105 48 Atchison Street St Leonards NSW 2065 Australia ABN 25 001 150 849
Phone: 61 0428 002 590 Email: [email protected] Website: www.scidev.com.au ASX code: SDV
Companies Announcements Australian Securities Exchange
31 August 2017
Zeehan Zinc Project, Tasmania
In previous announcements made by SciDev Ltd (ASX: SDV) (‘SciDev’, or ‘the Company’) reference has been made to the Company’s 100% owned Zeehan Zinc Project (‘the ZZP’), which is located approximately 3 kilometres south of Zeehan on the West coast of Tasmania. The ZZP is held by the Company under a long-term mining lease granted by Mineral Resources Tasmania and is readily accessible by road with good supporting infrastructure in the area.
==> picture [321 x 240] intentionally omitted <==
Image one: The Zeehan Zinc Project, Tasmania
A range of potential commercialisation routes have been identified for the ZZP, as outlined in the Company’s previous announcements. These include direct sale of material, blending strategies and Australian based beneficiation opportunities. These options remain under review and SciDev looks forward to realising the potential value of the asset at a time when the global zinc market is strong.
==> picture [374 x 237] intentionally omitted <==
Figure 1: five year zinc spot price - www.kitco.com 29 August 2017
The Company has previously reported the ZZP as containing an ‘estimated non-JORC resource of 430,000 tonnes at 14% zinc’, based on a view that the available data supported this description. Following discussions with the Australian Securities Exchange, the Company withdraws this resource statement.
The Company does however have strong confidence that the ZZP contains a body of residue in the order of 430,000 tonnes mass and that a modest drilling programme with associated assaying, studies and calculations would allow the Company to take and report a formal position on mineral resources at the ZZP, if any, in accordance with the JORC Code.
Heath Roberts Company Secretary SciDev Ltd 0419 473925
2
==> picture [388 x 549] intentionally omitted <==
3