Materials Analyst/Strategist, Janus Analysis

Gaius King

Materials Analyst/Strategist

Janus Analysis

Equity Bottom-Up

<ul type="disc">
<li>New Zone of Mineralisation between Wagga Tank and Southern Nights</li>
<li>Thermodynamically &gt;Cu/Au hole surrounded by substantial Zn/Pb occurrence</li>
<li>Site visit (31/9 to 1/10/19)</li>
<li>Regional geological re-evaluation targeting specific Zn/Pb horizon</li>
<li>Est. require 100 to 200% increase in tonnage at current grades, to achieve FID</li>
<li>Believe toll-treatment flotation plant will be established regionally</li>
<li>Impressed by QA/QC procedures, setup, company personnel professionalism</li>
<li>Global Zinc stocks at unusually low levels</li>
<li>Demand forecast uncertain due to US/China trade war</li>
<li>Retain Speculative BUY recommendation</li>
</ul>


New Zone of Mineralisation between Wagga Tank and Southern Nights
Thermodynamically &gt;Cu/Au hole surrounded by substantial Zn/Pb occurrence
Site visit (31/9 to 1/10/19)
Regional geological re-evaluation targeting specific Zn/Pb horizon
Est. require 100 to 200% increase in tonnage at current grades, to achieve FID
Believe toll-treatment flotation plant will be established regionally
Impressed by QA/QC procedures, setup, company personnel professionalism
Global Zinc stocks at unusually low levels
Demand forecast uncertain due to US/China trade war
Retain Speculative BUY recommendation


PEX –Recent Intercepts & Site Visit (Flash Note)

Peel Mining Ltd

PEX –Recent Intercepts & Site Visit (Flash Note)