NetworkNewsWire Editorial
Coverage: The recent shining on
lithium has put other battery technologies – such as zinc - in the
shadows, even though they have been around for generations. When it
comes to disposable batteries, carbon zinc has undoubtedly proven
its value, though the technology for a time was less successful
when applied to rechargeable batteries. Recharging causes the
formation of sharp-edged zinc dendrites that pierce the separation
between anode and cathode and cause the battery to short-circuit.
However, a team at the Naval Research Laboratory in Washington,
D.C., has found a way to avoid dendrite buildup by making the
anodes with a sponge-like structure, and zinc carbon is set to
enjoy a renaissance. According to the International Lead & Zinc
Study Group, the 10 largest zinc companies account for roughly 45%
of world total, leaving plenty of room for smaller producers like
Zinc One Resources, Inc. (OTC: ZZZOF) (Z.CA)
(Zinc One
Profile) that are paced alongside large-cap
producers: Hudbay Minerals, Inc. (NYSE: HBM) (TSX: HBM),
Ivanhoe Mines Ltd. (OTCQX: IVPAF) (TSX: IVN), Lundin Mining Corp.
(OTC: LUNMF) (TSX: LUN) and Trevali Mining Corp.
(OTCQX: TREVF) (TSX: TV).
In April 2017 the premiere journal of the American Association
for the Advancement of Science published a paper written by the
U.S. Naval Research Laboratory’s Chemistry Division (http://nnw.fm/J4yZn). An abstract of that research
paper is titled “Rechargeable nickel–3D zinc batteries: An
energy-dense, safer alternative to lithium-ion” and confidently
proclaims that “zinc can compete with lithium.” Furthermore, the
journal of the Institute of Electrical and Electronics Engineers
(IEEE) muses that, “Zinc Battery Breakthrough Could Mean Safer,
Lighter Cars and Smartphones” (http://nnw.fm/hZ5iS).
In 2016, Peru’s zinc production was second only to China’s
output. At 25 million tons, the country’s zinc reserves are the
world’s third highest, according to the U.S. Geological Survey’s
Mineral Commodities Summary for January 2017 (http://nnw.fm/Uq2Kl). Peru is also where Zinc One
Resources (OTC: ZZZOF) (Z.CA) is also focused on the
exploration and development of prospective and advanced zinc
projects. The company has its key assets: the past-producing
Bongará Zinc-Oxide Mine Project (Bongará) and the adjoining
Charlotte Bongará Zinc Oxide concessions (Charlotte Bongará). The
Bongará was in production from 2007 to 2008 but had to close due to
declining zinc prices associated with the 2008 financial crisis.
The Charlotte Bongará concessions is very prospective and has
several at-surface high-grade drill intercepts providing numerous
drill targets and great blue-sky exploration potential.
Historical data on the Bongará Zinc-Oxide project – which spans
a concession area of more than 19,768 acres – shows, zinc grades
above 20 percent and past metallurgical recoveries exceeding 90
percent, placing it in the highest percentile bracket of known zinc
deposits.
In August 2017, Zinc One received approval to suspend the mine
closure at the former Bongará Zinc-Oxide mine. This was undertaken
by Zinc One in order to advance its exploration activity with plans
bring the project back into production (http://nnw.fm/8aEw4). The approval of the suspension
by the Peru Ministry of Energy and Mines allowed Zinc One to
utilize the current Environmental Impact Assessment (EIA) attached
to the project to shorten the timeline to obtain current and future
permits for exploration.
Zinc One objective is to delineate and update the historical
resource and then be aggressive in taking the next steps to move
the company into a producer generating cash flow. The company is
extremely confident that it can match or exceed the historical
resource at the Bongará Mine Project. The Company will have years
of exploration along a six-kilometer strike length on the Bongará
concessions as well as the prospective Charlotte Bongará
concessions. The company anticipates a completed updated resource
estimate by Q2 of 2018 with a target of between 1.2 million-2
million tons of zinc at 20 percent grade followed in short order by
a Preliminary Economic Assessment.
Zinc One is bringing Bongará back into production at a prime
time, as world stockpiles of zinc hover at multi-year lows,
outpaced by demand for the first time in a decade. Additionally,
zinc prices are currently at their highest levels in 10 years,
trading at $3,200.75 as of October 27, 2017.
As Zinc One digs into the rich potential in Peru and the overall
appetite for zinc, the company leverages the expertise of a team of
well-qualified and experienced exploration geologists and
engineers. CEO Walchuck is a mining professional with over 38 years
of national and international experience in the minerals industry,
including work in North America, Slovakia, the UK, Ghana and
Tanzania. From 1999 to 2002, Walchuck was the mining manager for
Barrick at the Bulyanhulu Gold Mine in Tanzania where he oversaw
the building of a multi-million-ounce, high-grade underground
mine.
The other directors have a mix of geological, exploration and
finance experience. COO Dr. Bill Williams is an economic geologist
with extensive experience in South America and a PhD, Economic
Geology from the University of Arizona. He is the former chief
executive officer and president of Orvana Minerals Corp. and since
leaving that company in 2013, has been a consultant to the mining
industry. Prior to joining Orvana Minerals, he was a vice president
for Phelps Dodge Exploration. Also on the team is Greg Crowe, who
is a professional geologist with more than 35 years of exploration,
business and entrepreneurial experience that spans North America,
Latin America, Africa and Southeast Asia. Since August 2016, Crowe
has served as CEO and president of Silver One Resources Inc., a
mineral exploration company with silver projects in the United
States and Mexico. Another member, Barry Girling has been active in
various aspects of mineral exploration since 1977. He couples his
geological understanding with a B.Com. finance degree to provide
consulting services to a number of TSX Venture Exchange
companies.
Currently valued at USD$36 million, Zinc One is worth keeping an
eye on as it participates in an industry led by larger cap
producers.
Like Zinc One, Hudbay Minerals (NYSE: HBM) (TSX:
HBM) is taking advantage of zinc’s performance and lagging
supply. With market valuation of USD$1.9 billion, this Canadian
integrated mining company has operations, development properties
and exploration activities across the Americas, principally focused
on the discovery, production and marketing of base and precious
metals. The company produced 110,582 tons of zinc in 2016 and is
expecting output of between 125,000 and 150,000 tons in 2017. It
has zinc properties in the Flin Flon Greenstone Belt of Manitoba,
Canada and copper, gold and silver properties in Canada, Peru and
the United States.
Meanwhile, Ivanhoe Mines (OTCQX: IVPAF) (TSX:
IVN) has confirmed the new Kakula West discovery in the
Democratic Republic of Congo (DRC). Reported assays returned 8.86
meters grading 5.83% copper that included a higher-grade intercept
of 6.17 meters grading 6.84% copper. The discovery extended the
Kakula along a confirmed strike length of 6.8 kilometers. The
company, operating for 24 years in Southern Africa, has three major
projects. The Kamoa-Kakula copper mine is located in the Congo’s
Central African Copper Belt. The Platreef mine in South Africa’s
Bushveld Complex produces platinum group elements, as well as
copper, gold and nickel. And in the DRC, the Kipushi mines yields
copper, germanium, silver and zinc. Ivanhoe has a market cap over
USD$2.5 billion.
Another serious player is USD$5.5 billion Lundin Mining
(OTC: LUNMF) (TSX: LUN), which has operations in Chile,
Finland, Portugal, Sweden and the USA. A subsidiary, Somincor,
mines for copper and zinc at Neves-Corvo in Portugal. And the
company has another copper and zinc mine in Stockholm, Sweden.
Also in the game is Trevali Mining (OTCQX: TREVF) (TSX:
TV), which is actively producing zinc concentrates from
four major properties. The first is its wholly-owned Santander mine
in Peru, the second is the wholly-owned Caribou mine in the
Bathurst Mining Camp of northern New Brunswick, the third, its 80%
owned Rosh Pinah mine in Namibia and the fourth, its 90% owned
Perkoa mine in Burkina Faso. Trevali also owns the Halfmile and
Stratmat base metal deposits located in New Brunswick, which are
currently undergoing a Preliminary Economic Assessment reviewing
their potential development. Trevali is valued at $882+
million.
Zinc prices have doubled since January 2016, and while global
supplies are at multiyear lows, demand is predicted to grow
steadily in upcoming years. With the outlook on zinc in favorable
territory, exploration companies and active producers are poised to
capture their share of market growth.
For more information on Zinc One Resources,
visit Zinc One
Resources (OTC: ZZZOF) (Z.CA)
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