New Century raises $53M to restart mothballed zinc mine

News Markets Intelligence Careers Education Buyers Guide News Markets Buyer's Guide Advertise RSS Newsletter The Northern Miner MINING.COM Canadian Mining Journal Sign In Join Profile Sign out Copper Gold Lithium Nickel Commodities Iron Ore Rare Earth Coal Uranium Cobalt Diamond Zinc Platinum Palladium Silver Potash Suppliers Equipment TOP 50 USA Canada Australia Regions Africa China Latin America Europe Asia TNM Maps TNM Marco Polo Andrew Topf | November 5, 2017 | 5:18 pm Base Metals Australia Zinc Image courtesy of New Century Resources. The Century zinc mine in Queensland could be churning out ore again thanks to a $52.9 million private placement raised by owner New Century Resources (ASX:NCZ). The mine was the third largest zinc mine in the world prior to its closure in 2016 and still hosts mineral resources in excess of 2.6Mt of zinc, 0.7Mt of lead and 42.5Moz of silver. New Century acquired its interest in 2017 and is currently undertaking a feasibility study into the recommissioning of the existing processing plant. The feasibility study, which will include conversion of the Century tailings deposit from measured resou...

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