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Zinc of Ireland Limited (ASX:ZMI)

ALERT: Price-sensitive ASX Announcement for ZMI
Current share price for ZMI : $0.020 0.005 (33.33%)+
Announcement
Release
31 Jul 2026 9:17AM
Price at Release
$0.015
Full Release
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Summary
Zinc of Ireland Limited (ASX: ZMI) presented its quarterly report for the period ending 30 June 2026, detailing key developments including the acquisition of Meclex and its technologies, ARGO and VOLTA. These technologies offer sustainable alternatives to traditional metal recovery processes. The company is advancing its Kildare project with a significant drilling program and has secured financial backing to expand exploration and technology integration. Notable corporate changes and strategic partnerships aim to foster growth and market penetration. Financially, ZMI has a strong cash position, ensuring operational stability.
Key Points
  • Zinc of Ireland Limited completed the acquisition of Meclex, a developer of hydrometallurgical metal recovery technologies.
  • The ARGO and VOLTA technologies address environmental pressures by offering low-temperature, low-emission alternatives to traditional processes.
  • ZMI plans a 3,500m drilling program at the Kildare Zinc-Lead Project in Ireland to test resource extensions and integrate ARGO technology.
  • The company raised A$5.5 million to support exploration and technology development.
  • ZMI has entered an agreement with Nyrstar for ARGO technology development, providing market demand and resources for testing.
  • The ARGO technology aims to recover zinc, lead, silver, and critical minerals from zinc leach residue.
  • A larger commercial-scale demonstration plant for the VOLTA technology is planned in Italy with partner SERI Industrial.
  • Corporate changes include new appointments in key positions and a company name change to Zinc of Ireland Limited.
  • Estimated cash available for future operations is A$4,108, sufficient for approximately 9.1 quarters.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.