Next Investors logo grey

Zinc of Ireland drill results suggest more upside in 2017


Published 12-DEC-2016 15:38 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Zinc of Ireland (ASX:ZMI) continues to enjoy success at its Kildare zinc project in Ireland with results from drilling at the McGregor prospect building on the promise that has already been demonstrated through returns at the nearby Shamrock prospect. The news sparked investor interest as ZMI’s shares surged nearly 10% on the open.

One of the key features from this latest round of results was the particularly thick intersections. As can be seen below these were also accompanied by solid grades which were intersected from surface to more than 400 metres.

Next Investors Image

As highlighted by management, the results from McGregor and Shamrock reinforces the significant potential of the Kildare project and are the forerunner to what is shaping up as a potential highly promising phase 2 drilling program early next year.

Management echoed the sentiments of FinFeed in referring to the robust zinc price performance with it recently hitting a nine year high and the spot price nearly doubling in the last year.

With nickel and copper both performing well, it is easy to overlook zinc plays, but as indicated by FinFeed the supply demand dynamics for zinc remain compelling.

However, investors should note that this is an early stage play and forward projections regarding exploration results, commodity prices and share prices are only estimates and those considering an investment in ZMI should seek independent financial advice.

Ideally situated to tap into major export markets

ZMI’s management highlighted the fact that the group’s Irish zinc portfolio, and the Kildare project in particular, present an outstanding opportunity for the company to participate in this emerging market opportunity.

Next Investors Image

Indeed, with the company’s mines situated only 40 kilometres from Dublin, the group is well-placed to service European markets or export to industrial powerhouses in Japan and Asia.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.