New Century Resources (ASX: NCZ) is Australia’s newest zinc company after acquiring the world class Century Zinc Mine in North Queensland.
Located at Lawn Hill, 250km north-west of Mount Isa in the Lower Gulf of Carpentaria, the Century mine began open-pit production in 1999. During its 16 years of operation, Century was one of the largest zinc mines in the world, producing and processing an average of 475,00tpa zinc concentrate and 50,000tpa lead concentrates at Lawn Hill. The product was transferred in slurry form via a 304km underground pipeline to Century’s Port facility at Karumba for shipping to smelters in Australia, Europe and Asia.
The cessation of processing operations by MMG at Century in early 2016 following depletion of the Century ore reserves presented an opportunity for a focused junior to monetise valuable remaining mineral assets. These include over 2,200,000t of JORC compliant zinc metal equivalent resources located within mineralised tailings, and over 1,000,000t of JORC compliant zinc and lead resources in the Silver King, South Block and East Fault Block base metal deposits. In addition, Century hosts several substantial phosphate deposits which are yet to be developed.
Via its 70% ownership of Kodiak Mining Company, based in Birmingham, Alabama, New Century Resources is focused on becoming one of America’s next mid-tier coal producers by developing the Kodiak Coking Coal Project into an operating mine producing high quality coking coal.
New Century Resources (ASX: NCZ) will be presenting their mining projects to prospective investors at this year’s IMARC. Claim your complimentary investor pass now.