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Zamia is an Australian-listed mineral exploration company, focussed on mineral and metal exploration in 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.
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ZAMIA GOLD NEWS
16 Jul 2010
Drilling to Target Deep Molybdenum Resource
ASX Announcement:• Potential to increase in grade at depth
• New deep diamond drill holes planned
• Potential to double the resource
• RC drilling continuing to test lateral extensions of the deposit
18 Jun 2010
ZGM Share Placement
ASX Announcement: The Company is pleased to announce that it has agreed to place 20,000,000 fully paid ordinary
shares at an issue price of $0.07 cents per share to raise $1,400,000 from clients of Sinonew
Capital Advisory.
17 Jun 2010
Company Strategy - Molybdenum and Gold
ASX Announcement: Following recent Company announcements, a number of shareholders have enquired about the
potential for, and possible timing of, development of the Anthony molybdenum (Mo) deposit.
17 Jun 2010
Anthony Molybdenum Project Presentation
June 2010 Presentation:
Presentation prepared to provide background to the Anthony resource as well as comments on discovery potential.
02 Jun 2010
New Drilling Programme at Anthony Discovery
ASX Announcement: Drilling has started at Anthony. The new program will focus on the large molybdenum soil anomaly and aims to expand the resource both laterally and at depth.
14 May 2010
Breakthrough Yields Cheaper, Greener Hydrogen
In the News:Researchers replace platinum with molybdenum for inexpensive hydrogen. >Read the full story online
13 May 2010
Potential for Upgrading the Anthony Molybdenum Resource
ASX Announcement: Results indicate the potential for processing higher grade material in the early years of production, leading to higher project returns.
21 Apr 2010
Zamia Has Positive Results from its Anthony Molybdenum Project's Initial Resource Estimation
Media Coverage - The Australian InvestorIn 2008, molybdenum (Mo) mineralisation was discovered at the Anthony prospect, and on the 6th April the company announced some strong results from Anthony's initial resource estimation.