Superior Lake Resources (ASX:SUP)
One ASX junior with prime real estate in Canada is gearing up for an assault on the currently rising zinc market.
This $40 million capped junior recently acquired an impressive Canadian zinc project that also delivers copper, gold and silver to boot.
Given the history of the project, the company plans to quickly commence mining, while simultaneously undertaking more exploration activities to expand the remarkable Resources it already has its hands on.
What lies ahead for the company is a planned drilling campaign, and analysis of historic findings, which will both (all going as planned) pave the path to a JORC Resource.
The acquisition comes as zinc supply is tightening across North America creating a growing hunger for more zinc production.
The current zinc price now sits around US$3400/t and this company finds itself amongst the highest-grade zinc deposits in Canada.
The information on this page should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
With superior infrastructure and a mining friendly legislative environment, this junior explorer is looking to take full advantage of the current conditions.
This is a highly promising project that could revitalise the area as well as put this ASX junior on the map.
'Superior' Small-Cap Gets Set to Cash in on Hot Zinc Market
Mar 6, 2018
A junior explorer has just landed a historic Canadian zinc project that contains the highest-grade zinc in the country, right as the zinc price rallies to five-year highs.