Metallum Resources has launched its campaign on the Investing News Network.
Metallum Resources (TSXV:MZN) plans to commence an extensive drilling campaign and further its established exploration programs to identify additional targets across the Superior Lake property. acquired the Superior Lake zinc project from Superior Lake Resources (ASX:SUP). Superior Lake has a prospective JORC-compliant bankable feasibility study. Highlights from the report include an IRR of 31 percent (pre-tax), 9-year mine life with current reserve/resources.
Metallum Resources has advantageous positioning in the space of zinc developer valuation. Compared to other players in the market, Metallum Resources presents an excellent CAD$21 million market cap with a robust post-transaction share distribution portfolio. The company has no material debt.