Zamia Metals Snapshot
Zamia Metals (ASX: ZGM) is an Australian mineral exploration company, targeting the Clermont district of central Queensland.
With a long history of discovery of precious and base metals, the area is emerging as a significant mineral district. Zamia has secured a large tenement position within the district and has discovered Anthony, a large porphyry-style molybdenum deposit. Additional targets for molybdenum, copper and gold have been identified.
In April this year Zamia announced an initial Inferred Resource for Anthony of over 80 million tonnes. In September the Company announced an upgraded resource of 130 million tonnes at 0.04% (400ppm) Mo with a cut-off grade of 0.02% (200ppm) Mo in the primary sulphide zone.
Zamia is currently extending the successful drilling in order to expand the resource and accelerate evaluation of the project. A comprehensive scoping study will follow, with a view to initiating a definitive feasibility study.
Zamia was formed to explore for gold and other commodities in central Queensland and has established a portfolio of exploration tenements in the Clermont district.
In early 2008, Zamia discovered the Anthony molybdenum (Mo) deposit by drilling on a large Mo-in-soil geochemical anomaly. With an Inferred Resource established and a feasibility study scheduled for 2011, Anthony has become the main focus of the Company’s activities.
Exploration for further deposits of molybdenum, gold and copper has defined a number of targets which have been prioritised for drill testing.
Dr Ken Maiden – Executive Chairman
Ken is a geologist with 38 years of professional experience with major resource companies (CSR, MIM), as an academic (University of the Witwatersrand, Johannesburg) and as a mineral exploration consultant. He has extensive base metal exploration experience and has participated in successful exploration programmes in South Australia, Queensland, Namibia, Botswana and Indonesia.
In recent years, Ken has been active in establishing a number of exploration companies. He is a founding Director of International Base Metals Limited, from which Zamia Gold Mines was spun out as a separately-listed company in early 2007.Ken was appointed Non-Executive Director of Zamia in May 2007, became Managing Director in November 2009 and was appointed as Executive Chairman in May 2010.
Andrew Skinner – Non-Executive Director
Following 8 years in the corporate tax division of PriceWaterhouseCoopers Andrew moved on to spend the next 15 years practising as an independent superannuation and business taxation consultant.
A partner of MAST Advisors, Andrew is now regarded as one of Australia’s foremost superannuation experts. He has represented the Taxation Institute and the Institute of Chartered Accountants on the National Superannuation Liaison Committee and served on many committees and forums for both industry and government.
Across these roles Andrew has had extensive experience in the formulation and implementation of superannuation law. He has published extensively and presented to senior forums for over 20 years on superannuation law and taxation practice
Chen Qiang - Non Executive Director
Chen Qiang holds a Masters Degree in Mining Engineering from the University of Science and Technology in Beijing and is Managing Director of West Minerals Pty Ltd, the Company’s cornerstone investor.
Mr Chen has extensive experience in international commodities trading and private equity investment. In 1996, he established PT Group, a specialised global trading house, and in a decade built up the company into a well-known iron ore trading company. In 2002, he established Brownstone Group, a private equity investment company, with interests in Australia and China.
Alan Humphris - Non-Executive Director
An investment banker with more than 30 years experience in domestic and international markets, Alan specialises in corporate finance and advisory services.
He is Managing Director of Balmoral Capital Pty Limited. Previously he was an Executive Director of Hambros Australia Limited and Head of Hambros Corporate Finance, and earlier he was a Director of J P Morgan Australia Limited. Mr Humphris is a Non-Executive Director of ASF Group Limited and Rey Resources Limited
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Level 8, 275 George Street
Sydney NSW 2000
GPO Box 4147,
SYDNEY NSW 2001
Tel: +61 (2) 8223 3744
Email: [email protected]
Fax: +61 (2) 8223 3799
Kenneth Maiden - Managing Director
Chen Qiang - Non-executive - Director
Andrew Skinner - Non-executive - Director
Alan Humphris - Non-executive - Director
John Stone - Company Secretary
Registered and Principal Office
Level 8, 275 George Street
Sydney NSW 2000
Telephone: +61 2 8223 3744
Facsimile: +61 2 8223 3799