TIDMZOX 
 
RNS Number : 3080S 
ZincOx Resources PLC 
08 September 2010 
 

8 September 2010 
 
                              ZincOx Resources plc 
                          ("ZincOx" or "the Company") 
 
                        Korean Recycling Project Update 
 
ZincOx (AIM:ZOX) confirms that it intends the Korean Recycling Project (KRP) 
located in the Cheonbuk Industrial Estate, near Pohang, to be the Company's 
first recycling project to be put into production. 
 
The Company expects to receive confirmation of the capital cost estimate for the 
development of the KRP in the near future and is continuing to pursue various 
potential sources of third party financing. 
 
To date, work has concentrated on the basic engineering for the KRP which is 
nearing completion.  Detailed design work is scheduled to commence before the 
end of this month and plant construction will take place during the course of 
next year with first EAFD deliveries targeted for December 2011 and first zinc 
production expected shortly thereafter. 
 
The KRP is being designed to produce a high quality zinc oxide concentrate by 
processing waste (EAFD) generated by recycling galvanised steel and scrap in 
electric arc furnaces.  The zinc oxide concentrate will be of an exceptional 
quality that will enable it to be added directly to the leach circuit of a 
conventional zinc electro-refinery. The operation will also produce low grade 
hot briquetted iron suitable for sale to steel mills and foundries. 
 
With the assistance of the Iron and Steel Association of Korea (KOSA), ZincOx 
has ten-year EAFD supply agreements with all the major scrap recycling companies 
in Korea. Together, these contracts provide for the delivery of about 400,000 
tonnes per annum of EAFD, which would represent one of the largest EAFD supply 
transactions. 
 
ZincOx has also been awarded Foreign Investment Zone status for its project site 
at the Cheonbuk Industrial Estate. In May 2010, various Korean government bodies 
purchased a site for the main processing plant with the specific intention of 
leasing the site to ZincOx for the KRP.  A draft lease agreement was obtained by 
ZincOx at the end of July.  This has been reviewed and, subject to some final 
amendments, the lease is expected to be ready for signature by the various 
parties in the near future. 
 
It is intended that the KRP will be developed in two phases of equal capacity. 
In the first phase the equipment purchased in January of this year from 
Severstal North America will be transported to Korea and used in combination 
with new equipment. It will aim to treat 200,000 tonnes of EAFD annually and 
produce 60,000 tonnes per annum of zinc concentrate (73% zinc) and 95,000 tonnes 
per annum of hot briquetted iron.  The development of the second phase will 
proceed immediately after the commissioning of phase one. 
 
Once ZincOx has demonstrated the efficacy of its recycling technology in Korea 
the Company plans to develop similar recycling plants in Thailand, Turkey and 
North America. 
 
 
Commenting on the announcement, Andrew Woollett, ZincOx's Executive Chairman 
said: 
"We have had terrific support for our plans in Korea and I am delighted that the 
provision of land allows us to accelerate the Korean development. This will be a 
flagship project for ZincOx and a showcase for the technology.  While KRP has 
moved ahead of our plans to develop a plant in Ohio, the United States of 
America remains a strategic priority and we look forward to maintaining our 
presence there in anticipation of the construction of a recycling plant in the 
medium term." 
 
For more information please contact: 
 
ZincOx Resources plc 
Andrew Woollett, Executive Chairman 
Tel:  +44 (0) 1276 450100 
 
Numis Securities 
John Harrison (Nominated Adviser) 
James Black (Corporate Broker) 
Tel:  +44 (0) 20 7260 1000 
 
Conduit PR 
Charlie Geller/ Leesa Peters 
Tel (Direct):   +44 (0) 20 7429 6604/  + 44(0) 7528 233 383 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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