Zazu Metals Provides More Information to Support Recent PEA

Zazu Metals Corporation (TSX:ZAZ) released more information to further support its Preliminary Economic Assessment on the Lik Property in Northwest Alaska. The production rate and production cost indicates Lik South will be one of the largest and lowest cost producers of zinc concentrate globally.

As quoted in the press release:

The PEA reflects reasonably expected zinc production costs, and model sensitivity to zinc prices. Estimated production operating costs to mine, mill and deliver to port are US$0.63 per pound of zinc (net of by-product credits).

The results above reflect Lik’s sensitivity to zinc prices. Zazu notes analysts’ average forecast for zinc in 2015 is $1.00/lb (Bloomberg 1/31/2014) with a range of $0.82 to $1.20/ lb. Zazu maintains a constructive outlook on zinc prices based on expected global demand growth and anticipated mine closures.

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