Today's Market update indicates KZL will sign JV agreement with another mining company to get the funding.(most likely from China)
Reasons:
1, KZL seeking for JVP long time--May be this "Partner" now keep eyes on all of KZL's asset.
"Tier One Admiral Bay zinc-lead-silver-barite project in Western Australia. The Company is currently seeking equity or joint venture partners to underpin an externally funded Bankable Feasibility Study. "
2, Today's update indicates KZL is selling large part of company's assets, 30-50% IMV.
"Kagtemporarily suspended mining operations at Balcooma and polymetallic milling operations at Mt Garnet pending an announcement in relation to funding."
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held
