Welcome

Zamia Gold Mines is an Australian-listed mineral exploration company, focussed on the Drummond Basin area of central Queensland.

In 2008, Zamia (ASX:ZGM) announced the discovery of the Anthony molybdenum deposit in the Clermont district. Anthony has a high-grade molybdenum core and is favourably located close to infrastructure, offering the potential for accelerated mine development.

Positive outlook for molybdenum

Late 2009 brought good news for investors with the easing of the global financial crisis and, in relation to Zamia in particular, a stronger molybdenum price. There are few substitutes for molybdenum in its major use as an alloying metal in stainless steel and construction steel. A full recovery in production of these steels is expected during 2010, resulting in a firming of the molybdenum price.

Exploration programme

The company is currently extending its successful initial drill programme in order to define a resource for Anthony. Zamia is focussed on achieving increased shareholder value by moving quickly to a scoping study on the Anthony deposit.
The 2010 drill program will also further define the company’s gold targets and Zamia continues to present a valuable opportunity for investors in gold exploration. The company’s identified gold targets provide potential for early resource delineation.

Zamia’s strengths

The company’s value as a significant junior explorer is under-pinned by:
• the Anthony molybdenum discovery, with above global average molybdenum grades
• other high quality targets for both gold and molybdenum
• an extensive tenement package in an emerging mineral district
• technical expertise in mineral exploration and mineral processing.
The company has firm support from cornerstone investors West Minerals Pty Ltd, Brownstone International Pty Ltd and International Base Metals Limited.

Zamia is well positioned for future growth and mine development.