Rathdowney Resources Ltd
TSXV:RTH
Canada based exploration company, focused in a unique 100%-owned zinc-lead-silver mine in Poland under flagship Olza Project
Overview
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Toronto stock exchange listed Canada development and exploration Company, focused on advancing 100% owned zinc-lead-silver mine under project Olza through permitting and into production.
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Located in a mining friendly Polish Upper Silesian district, a region of world-class Mississippi Valley-Type zinc-lead deposits, which has a supportive and vast mining history.
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Rathdowney, with David Copeland as C., Pres. and CEO, is also part of the Hunter Dickinson Group of companies which focus on holding world class size deposits
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Project Olza located north of the nearby Pomerzany mine, which has produced more than 90mnt over tue last 40 years. The PEA produced a post tax NPV8 of US$170m with an after- tax IRR of 30%. Free cash flow in the first three years is expected to be around US$375m with unit costs of US$0.57/lb
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Mine has a high grade and high recoveries zinc and lead concentrates, e.g., 89% LOM zinc recovery producing 56% zinc concentrate, 88.5% LOM lead recovery producing 70% lead concentrate.
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Project Olza has good infrastructure links with excellent access to international ports and smelters. Potential to supply local ZGHB Smelter replacing imported from Zn-Pb concentrates from Canada.
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Further expansion in on the track with PZZ(Polish Project Development Plan) being done and the mining License is expected to be received at year’s end.