Zenith Minerals Limited (ASX:ZNC) has unveiled a significant change in its strategic direction, focusing on developing its wholly-owned gold assets with the aim of becoming a multi-asset gold producer.
This strategic pivot, announced under the leadership of new Managing Director Andrew Smith, follows an internal review of the company’s extensive portfolio.
The new strategy centres on value creation by leveraging Zenith’s existing gold and lithium assets to maximise shareholder returns.
Key highlights of the shift include:
- Prioritising the development of 100 per cent owned gold assets
- Focusing on the internal development of resource projects
- Maintaining a long-term commitment to advancing lithium assets
Zenith is now prioritising its wholly-owned gold projects in Western Australia and Queensland.
This marks a departure from the company’s previous approach of farming out interests to free-carry partners.
Dulcie Far North (DFN) Project: Located in Western Australia, this drill-ready project aims to expand its existing Inferred Resource of 3.4 million tonnes at 1.4 g/t Au (150,000 ounces).
Zenith is exploring consolidation opportunities with neighbouring assets to achieve the critical mass required for sustainable production.
Red Mountain Project: Situated in Queensland, this project shows high-grade gold and silver potential.
It is currently undergoing detailed geological analysis to guide future exploration and development strategies.
Andrew Smith, Zenith’s new Managing Director, commented on the move: “The strategic pivot towards becoming a multi-asset gold producer, coupled with our continued focus on advancing our lithium projects, positions Zenith well to deliver substantial value to our shareholders.”
While focusing on gold production, Zenith remains committed to its lithium assets.
The company recently regained 100 per cent ownership of its Split Rocks and Waratah Well lithium projects in Western Australia.
This move allows Zenith to review both projects with a view to potential expressions of interest from strategic partners.
This update demonstrates Zenith Minerals’ commitment to growth and value creation through independent development of its resource projects, aiming to transition from exploration to production in the coming years.
