Resource upgrades are in-line with expectations. King Vol is looking good at 0.9Mt at 16% Zn and 1%Cu. I prefer the more conservative approach to calculating and reporting resources, so hopefully the grade and tonnes will improve on the lower portion of the resource when it gets drilled out.
The Red Cap area is looking good in terms of tonnes but the grades are a little underwhelming. In saying this, grades need to be considered in the context of how efficiently they can extract the ore, so will see what the mining studies come up with.
Just need to sell Lounge Lizard so they can fund their expansion and get on with it.
KZL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
