12
May
ZincOx Resources plc (ZOX) – Results
Comments
ZincOx Resources plc (ZOX) which specialises in the low cost recovery of high grade zinc compounds from unconventional sources, today announces its results for the year ended 31 December 2008.
Highlights
- £4.6 million attributable profit after tax (7.05 pence per share)
- Over £64 million in cash reserves
- Jabali mine under development
- Production at Jabali expected in H1 2010
- Agreed long term EAFD supply agreements in Korea
Commenting today, Andrew Woollett, Executive Chairman, said:
“We are delighted to be on track to commence production at the Jabali mine during the first half of 2010. We also remain convinced that our innovative approach to zinc recycling presents a significant opportunity to produce low cost zinc on a sustainable basis. Having significant cash reserves means we remain in a strong and flexible position to progress our recycling strategy as the global economic environment improves”.