Anyone any views on how the prospects for ZOX differ from GFM? ZOX' sp just seems to be having the better run.

Sharesure,

ZOX is a good long term bet with a low risk grade of about 187, have you read post 14 to 18 from The French connection? apart from them both gaining from a high Zinc price you can't compare them.

ZOX as done alright these last few days 4p up on the bid today, 157 to 162.

ZincOx Resources PLC
14 October 2005

ZincOx Resources plc ('the Company')



The Company was notified on 13 October 2005 that INVESCO English and
International Trust plc is the beneficial owner of 1,421,300 Ordinary Shares of
25p each in the Company, registered in the name of Chase Nominees Limited,
representing approximately 4.9% of the issued ordinary share capital of the
Company.


This information is provided by RNS
The company news service from the London Stock Exchange

Zinc prices rise Rs 1,150 in less than two months

Dilip Kumar Jha / Mumbai October 13, 2005



Zinc slabs price has jumped dramatically by Rs 1,150 to Rs 9,050 per quintal in Mumbai non-ferrous metals market in the last one-and-a-half month on rising demand from the steel galvanising industry.

Galvanised steel is a major component of infrastructure projects such as buildings, bridges, airports and stadiums. Approximately 67 per cent of zinc produced globally is used for steel galvanising. The devastation caused by Hurricane Katrina also added to the surge in zinc price as 50 per cent of global zinc deposits lies in warehouses in New Orleans.

Spot zinc on LME perked up $125 to $1,484 per tonne on October 11 following a supply crunch. LME registered warehouses in New Orleans are holding 2,48,575 metric tonne (mt) of zinc, of which 2,01,375 mt is open tonnage.

The supply of the metal was suspended since good delivery became impossible because of the hurricane. The price movement in the international market and the domestic market is in sync.

An increasing concern in the market is the strike at Belgian metals company Umicore SAs 2,50,000 mt Balen zinc smelter plant. The strike began last Thursday. Analysts believe the prices would increase further, if the company management does not resolve the issues immediately.

Usually the rising prices take a toll on treatment charges fee paid to miners to refine concentrate into zinc metal which is expected to dip to double-digit figure this year due to a persistent concentrate shortage.

In 2005, the benchmark treatment charges fell to a record low of around $126 a mt. In the next year, annual contracts might conclude as low at $95-$110 per mt.

Apart from steel galvanising, zinc is primarily used by the toys industry, which consumes approximately 16 per cent of the world zinc production.

India being one of the largest toys producer and consumer, domestic demand for zinc is expected to grow significantly. Hindustan Zinc is the largest zinc producer in the country with an overall production of 5.75 lakh tonne. Binani Zinc comes at the second slot with a capacity of 33,000 tonne.

The price of zinc slabs is expected to grow further in the domestic market as the production here has failed to meet the rising demand from consumer industries. The demand, which stood at 3.5 lakh tonne in 2003-04, stood at 4 lakh tonne in 2004-05.

The demand is expected to grow 12-15 per cent in the next five years.



Zinc prices rise Rs 1,150 in less than two months

Dilip Kumar Jha / Mumbai October 13, 2005



Zinc slabs price has jumped dramatically by Rs 1,150 to Rs 9,050 per quintal in Mumbai non-ferrous metals market in the last one-and-a-half month on rising demand from the steel galvanising industry.

Galvanised steel is a major component of infrastructure projects such as buildings, bridges, airports and stadiums. Approximately 67 per cent of zinc produced globally is used for steel galvanising. The devastation caused by Hurricane Katrina also added to the surge in zinc price as 50 per cent of global zinc deposits lies in warehouses in New Orleans.

Spot zinc on LME perked up $125 to $1,484 per tonne on October 11 following a supply crunch. LME registered warehouses in New Orleans are holding 2,48,575 metric tonne (mt) of zinc, of which 2,01,375 mt is open tonnage.

The supply of the metal was suspended since good delivery became impossible because of the hurricane. The price movement in the international market and the domestic market is in sync.

An increasing concern in the market is the strike at Belgian metals company Umicore SAs 2,50,000 mt Balen zinc smelter plant. The strike began last Thursday. Analysts believe the prices would increase further, if the company management does not resolve the issues immediately.

Usually the rising prices take a toll on treatment charges fee paid to miners to refine concentrate into zinc metal which is expected to dip to double-digit figure this year due to a persistent concentrate shortage.

In 2005, the benchmark treatment charges fell to a record low of around $126 a mt. In the next year, annual contracts might conclude as low at $95-$110 per mt.

Apart from steel galvanising, zinc is primarily used by the toys industry, which consumes approximately 16 per cent of the world zinc production.

India being one of the largest toys producer and consumer, domestic demand for zinc is expected to grow significantly. Hindustan Zinc is the largest zinc producer in the country with an overall production of 5.75 lakh tonne. Binani Zinc comes at the second slot with a capacity of 33,000 tonne.

The price of zinc slabs is expected to grow further in the domestic market as the production here has failed to meet the rising demand from consumer industries. The demand, which stood at 3.5 lakh tonne in 2003-04, stood at 4 lakh tonne in 2004-05.

The demand is expected to grow 12-15 per cent in the next five years.

Zinc pauses for a breather


Metals Insider - 17 October 2005



MI WEEK IN REVIEW: Zinc took something of a time-out last week after hitting the next big number target of $1,500, basis three-month metal. But the funds continue to like this one and with upside momentum on copper in particular stalling for now, there's a renewed sense the good times are rolling again for the zinc market.



Three-month metal initially built on its momentum of the previous week to touch the $1,500 level on both Tuesday and early Wednesday before the urge to take some profits outweighed fresh commitments from the investment community.



That's hardly surprising since the CTA systematic community alone had lifted its collective long exposure to zinc to 80% and above in the first day or so of last week.



But the pull-backs were generally shallow with plenty of players ready to commit to the uptrend at slightly lower numbers and the relatively weak Friday close of $1,475 still amounted to only a $3 week-on-week decline.



One feature worth noting, though, was the expansion of the contango across the nearby structure of the LME market. The benchmark cash-3s spread ended the week valued at $18.75 contango, compared with $8 the previous week.



That reflected rising expectations that the good delivery suspension of all that metal in New Orleans may be lifted in the near future. The LME finally detailed the process for reinstating the metal and one optimistic player even cancelled 75t on Thursday at the hurricane-hit city.



The contango says there is still a lot of metal in the LME system to be worked off before stocks fall anywhere near to the pinch-points experienced by copper and nickel earlier this year but zinc is back in favour with the fundsmore than any other LME-traded metal right nowand all the fundamental signals are sending them a green light.

ZincOx Resources PLC
26 October 2005


ZincOx Resources plc signs zinc mine
Exploitation Contract with the Government of Yemen

26 October 2005

ZincOx Resources plc (ticker: ZOX) is pleased to announce that its 60%
subsidiary company, Jabal Salab, has signed an Exploitation Contract with the
Geological Survey and Mineral Resources Board (GSMRB) representing the
Government of Yemen, to mine and process zinc at the Jabali deposit. The Jabali
zinc oxide deposit is located 110km north east of Sana'a, the capital of Yemen,
and contains a resource, calculated in accordance with the JORC code of 12.6
million tonnes of ore at a grade of 8.9% zinc, 1.2% lead and 68grams/tonne
silver.

Andrew Woollett, Managing Director of ZincOx, commented: 'The Jabali deposit was
discovered in the early 1980s but it has not been developed until now because of
the complex mineralogy. Once again it is the metallurgical expertise at ZincOx
which will allow us to realise the potential of this attractive resource for the
benefit of our shareholders, our partners and the people of Yemen.'

The Exploitation Contract is subject to the approval of the Cabinet and
Parliament, which is expected during the first quarter of 2006. It will then be
ratified by the President of Yemen and incorporated in law. It sets out the
terms under which Jabal Salab can mine and process zinc from the deposit. These
include a 20 year lease, a 1.5% net smelter return Royalty, a tax holiday of six
years and repayment of past costs incurred by the GSMRB of US$5million
commencing in the fourth year. The terms do not differ materially from those
assumed in the Feasibility study completed earlier this year (see Press Release
dated 15 March 2005).

The Feasibility Study, which was completed by ZincOx and MDM, a firm of mineral
engineers from South Africa, was based on the mining and processing of 800,000
tonnes per annum of ore at a mined grade of 9.2% zinc over a life of 11 years.
There is potential to increase the ore resource as the deposit is open on two
sides.

Mining will be by means of an open pit with a waste to ore strip ratio of 2 to
1. The ore will be treated by the LTC process developed by ZincOx and its
consultants and piloted, using Jabali ore, at an independent laboratory in
Belgium. The plant is expected to recover 77% of the zinc for the production of
approximately 70,000 tonnes per annum of high quality zinc oxide, containing
more than 99% zinc oxide. The quality of the final product will allow Jabal
Salab to sell direct to end users of zinc oxide, thereby benefiting from a
premium price.

The capital cost of developing the mine, processing plant, infrastructure and
associated facilities is estimated at US$75.4million.

Scott Wilson Mining, a UK based firm of mineral consultants has prepared an
environmental impact study in accordance with guidelines set down by the World
Bank. The report has already been approved by the Yemen Environment Protection
Authority, thereby satisfying all environmental permitting requirements.

ZincOx has been approached by various banks with the aim of providing project
finance for the development of Jabali. Export credit agency political and
commercial risk cover is available for Yemen which will greatly assist the
arrangement of finance.

The progress now made with the Exploitation Contract will allow ZincOx to press
ahead with its plans for project finance which is the next phase of the
project's development. It is expected that financing will be in place during the
third quarter of 2006, with construction, which will take 18 months, starting
shortly thereafter.

For further information, please contact:

For more information please contact:

Peter Wynter Bee Leesa Peters / Pam Spooner
ZincOx Resources plc Conduit PR
Tel: +44 (0) 1276 455700 Tel: +44 (0) 20 7618 8533

pwynterbee@zincox.com

leesa@conduitpr.com

Good to see that recent 10% fall (for no apparent reason other than the markets looked a bit dodgy) partially reversed. The market cap is so low I can't see much downside.

rgrds
gk

ZincOx Resources PLC British bulls 26/10/05
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 17.10.2005 (10) days ago, when the stock price was 159.5000. Since then ZOX has fallen -3.76% .

Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.

Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.

Lead and zinc seen in deficit through 2006 - ILZSG
LONDON: The deficit in the zinc market is expected to grow in 2006 to 430,000 tonnes as global usage rises to 11.12 million tonnes and China continues to be a major consumer, the International Lead and Study Group said in a statement.

Global demand for refined zinc metal, used mainly in galvanising steel for protecting against corrosion, will remain at around 10.5 million tonnes in 2005 but will increase by 5.7 percent next year due to the rapid rise in China's galvanised steel consumption, the group said in a statement after its October session in London.

ILZSG's report said zinc demand was set to grow by 9 percent in China, 9.2 percent in India and 6.4 percent in the Republic of Korea in 2005, offsetting declines in Europe and the United States.

Chinese imports of refined zinc metal exceeded exports for the first time since 1988 and the study group said it expected this trend to continue in 2005 and 2006.

Global zinc mine supply will rise by 3.6 percent in 2005 by a further 4.2 percent in 2006 to reach 10.47 million tonnes.

''The rises are largely due to recent expansions and mine openings in Australia, China and India,'' it said.

London Metal Exchange (LME) zinc futures for delivery in three months touched an 8-1/4-year high on Monday of $1,566 a tonne as speculative investors bought the metal anticipating stronger prices next year.

Zinc hit a cyclical low of $742 in August 2002. On Tuesday it was trading at $1,521 a tonne.

LEAD ILZSG said rises in battery production were the main driver behind a forecast increase in Chinese lead demand of 19.8 percent in 2005 and 8.7 percent in 2006.

Global lead demand was seen 3.9 percent higher at 7.45 million tonnes in 2005 and 3 percent up at 7.66 million in 2006.

European demand was expected fall, while in the U.S. it would rise.

Refined lead production in 2005 was seen at 7.37 million tonnes, 7.6 percent up from the previous year.

''This will be mainly due to increases in China, India and the Republic of Korea and a 6.6 percent rise in Europe, where increases in Belgium, Bulgaria and the United Kingdom are expected to exceed reductions in France and Germany.'' In 2006 refined lead output was predicted to be 7.62 million tonnes.

The report said that by the end of 2006 it was likely that all of the lead held in the United States Defense National Stockpile (DNSC) would be sold.

''Since the start of disposals in 1993, deliveries of refined lead from the DNSC have averaged just over 40,000 tonnes per year,'' ILZSG said.

Lead was trading at $963 a tonne on Tuesday. The metal touched a contract high of $1,017 in December 2004, versus a low of $412 in August 2002.

3 Nov 11:30
MARKET TALK: Zinc Bull Market "Only Just Beginning"
Dow Jones - Zinc bull market "only just beginning" on back of strong fundamentals going forward, should peak in '07, says Standard Bank. Concentrate availability to remain tight till '07, '08 when new mine supply comes through, while robust demand coming from galvanized steel sector, but warns unreported stocks could be at substantial levels which will bring downside risk...

Aldwick,

Thanks, the last past of the last post being a most pertinent warning to those that think the price of zinc can only travel in one direction!

Like the price of oil, if zn increases too much in price, it could effect the demand, and result in a downturn.

I believe oil has hit it's peak, and the world ececonomy would struggle to pay higher prices, resulting in a recession, and a price drop through the subsequent drop in demand.

Zinc could suffer the same problem.

Andy,

Copper will be the first to fall dragging Zinc down with it, regards oil price BP's chairman said anything above $60 would be unwelcome so this winter will be very interesting.

aldwick,

It certainly will IMO.

When you read China will consume an additional 1 million BOPD in 2006, you have to ask what will happen to the price!

Large trades today marked down as sells and bid price gone up 1p, anybody got a view on whats going on?

Wednesday November 9, 10:45 AM
INTERVIEW: Zinc Miners Wary Of Foiling Bullish Prospects

By James Attwood
Of DOW JONES NEWSWIRES

SYDNEY (Dow Jones)--Zinc miners are reluctant to expand their operations even as prices of the galvanizing metal surge to cyclical highs on the London Metal Exchange, Zinifex Ltd.'s (ZFX.AU) chief executive said Tuesday.

ADVERTISEMENT


In the late 1990s and early this decade, miners poured billions into ramping up output only to see prices collapse to 18-year lows as global demand slowed, forcing some to scale back investments and others to exit altogether.

Melbourne-based Zinifex, the world's second-largest producer of refined zinc, is itself a product of the industry's dark years, emerging from the ashes of the failed Pasminco group.

However, even as improving fundamentals mean zinc is fast becoming the new darling of the metals world, Zinifex and other major producers are wary of again flooding the market with additional supply and forcing prices back down.

"One would like to think producers have learned the lessons of the past, but time will tell," Greig Gailey told Dow Jones Newswires.

"Zinc is one of the late performers in the cycle and it's only in the last couple of months we've begun to see prices, at least in Australian dollar terms, that might encourage you to think of additional production," Gailey said.

"The rundown in LME stocks has been accelerating in the last month or so, so we're very positive about the outlook over the next 12 to 18 months at least," he said.

Most forecasters agree zinc's prospects heading into 2006 are bright, as concentrate tightness holds back refined metal availability and Chinese imports surge, although price expectations beyond 2006-07 are generally lower.

Major Expansion Plans Remain On Hold

Zinc's relatively newfound bullishness and concerns over repeating past mistakes by flooding the market means major expansion plans will remain on hold.

Contributing to the wariness are structural constraints derived from the lack of any significant investment in exploration and development when prices languished below US$800 in 2001-03.

"Even if we were to commit to a (new) mine today, it would be something like five years before you'd see any production, so you have to have a degree of confidence about longer-term prices," he said.

"Then you have to look at what other people might chose to do because you have to bear in mind the total supply-demand picture, not just where one company fits in it."

Other major zinc producers appear similarly wary. Market leader Teck Cominco Ltd. (TEK.MV.A.T) of Canada is understood to be keeping major expansions on hold until global stocks drop to at least 200,000 metric tons from current levels of 475,00 tons.

In fact, the only major zinc development in the pipeline is the San Cristobal mine in southern Bolivia, slated to start producing 200,000 tons a year from mid-2007.

The dearth of new projects has some analysts saying zinc stocks could shrink to record lows next year, which if copper's recent record-breaking performance is anything to go buy, has a potentially explosive implication on prices.

Escalating development and operating costs in the mining industry generally, as a byproduct of the commodities boom, are adding to the constraints on new supply, Gailey said.

He gave the example of Zinifex's A$1.3 billion Century mine in Queensland, Australia that in today's climate would have cost in excess of A$1.5 billion.

Smelters Feeling Concentrates Pinch

Zinifex posted profits of A$234.7 million for the year ended June 30, thanks largely to rising prices in the tightening concentrates market.

But the same situation means smelters like its Clarksville smelter in Tennessee, Zinifex's only unprofitable asset in the fiscal year, are feeling the pinch.

The company depends on concentrates from South America and Ireland for Clarksville, which may be forced to close if it continues to be unprofitable.

Gailey also said Zinifex would consider buying operating mines in South America as part of a global acquisition strategy.

"We've looked at a number of acquisition opportunities in the last 12 months and continue to do so, but (so far) we haven't seen anything we believe could be acquired in a way that would add value to shareholders...resource assets at the moment are very fully priced," he said.

The industry's consolidation potential includes Zinifex itself, Gailey said: "Our view of life is if somebody wants to buy Zinifex the only issue is price."

The company also plans to continue preparing for the future by farming into brownfield projects run by junior explorers in Australia and elsewhere, he said.

ZincOx Resources PLC
10 November 2005


ZincOx Resources plc ('the Company')

The Company was notified on 9 November 2005 that UBS AG, acting through UBS AG
London Branch, now has a material interest in 1,545,000 Ordinary shares of 25p
each in the Company, representing approximately 5.33% of the issued share
capital of the Company.


This information is provided by RNS
The company news service from the London Stock Exchange

ZincOx Resources PLC
11 November 2005


Aliaga Recycling Project Update 11 November 2005

ZincOx Resources plc is pleased to announce the completion of the first part of
the feasibility study for the Aliaga Recycling Project (Turkey) being undertaken
by SNC- Lavalin Europe. The work to date has included a technical review of the
process, plant layout, engineering design and an estimation of capital and
operating costs to an accuracy of +/-15%.

The Aliaga project envisages the production of high quality zinc oxide from
waste material (EAFD) generated by the steel recycling industry. Further
sampling of the Turkish EAFD over the past 12 months has allowed the company to
increase the initial capacity of the plant by one third so that the study is
examining the production of 20,000 tpa of high quality zinc oxide generated from
the EAFD produced by the steel mills at Aliaga alone.

ZincOx expects to be able to increase production to at least 30,000 tpa zinc
oxide by obtaining EAFD from steel mills located elsewhere in Turkey. The 20,000
tpa plant has been designed so that it may be expanded to 30,000tpa for the
minimum of additional expenditure. Although this adds to the capital of the
20,000tpa plant, it reduces the overall capital cost of the expanded project.
The cost of this expanded capacity provision and the increase in the initial
production rate has led to a revised capital cost of US$39 million for the
initial capacity of the plant.

Based on SNC-Lavalin Europe's cost estimates, ZincOx has revised its previous
cash flow models. For the initial 20,000 tpa capacity without further expansion,
using a zinc price of US$1,150 per tonne (Current price US$1,584 per tonne), the
project would have a post tax net present value of 19 million, at a 10%
discount rate, and an internal rate of return of 23%.

It is intended that the expansion to 30,000tpa would be financed largely out of
the cash flow generated in the first full year of production. A preliminary
financial model based on an expanded project, using a zinc price of US$1,150 per
tonne, has a post tax net present value of 28 million, at a 10% discount rate,
and an internal rate of return of 26%.

SNC-Lavalin Europe is scheduled to complete it's Feasibility Study in March
2006. This will include further engineering design up to a stage that will
consolidate the investment cost and confirm the process performance to enable
ZincOx to satisfy the requirements of the providers of project finance.
Discussions regarding the terms for project finance are well underway and the
terms of a mandate are close to being concluded.

Commenting on the announcement, Andrew Woollett, ZincOx's Managing Director said
'Our two phase approach to the feasibility study confirms the value of the
project ahead of the more detailed engineering required for project finance.
This allows us to commence infrastructural development on the site and to order
long lead-time items of equipment so that the overall development schedule for
the project will not be delayed by the arrangement of project finance.'

For more information please contact:

Andrew Woollett Leesa Peters / Pam Spooner
ZincOx Resources plc Conduit PR
Tel: +44 (0) 1276 455700 Tel: +44 (0) 20 7618 8533

awoollett@zincox.com

ZincOx Resources PLC
23 November 2005


ZincOx Resources plc finalises mandate for the financing of the
Aliaga Zinc Recycling Project in Turkey


23 November 2005


ZincOx Resources plc (ZOX) has, since its update announcement on 11 November
2005 in relation to the Aliaga Zinc Recycling Project in Turkey ('the Aliaga
Project'), entered into a mandate with Investec Bank (UK) Limited ('Investec')
to arrange and conditionally underwrite project debt for the development of the
Aliaga Project.

Investec is one of South Africa's leading banks with significant experience in
the arrangement and provision of development loans for projects in the mining
industry. Investec has made a preliminary assessment of the processing
technology to be employed at Aliaga and, based on this and ZincOx's revised cash
flow models, it is envisaged that the project finance loan facility of US$30
million will cover about two thirds of the capital required for the development
of the project and that the loan will be repayable over seven years. The
condition includes legal due diligence, revue of the feasibility study and
Investec final internal approval.

Investec will be paid a mandate fee of 400,000 equity warrants convertible into
ordinary shares in the capital of the Company for a period of three years, at a
conversion price of 2. A further 300,000 warrants will be awarded upon the
provision of the loan. These warrants will be for a period of three years
exercisable at a price representing a 133% of the price of the shares at the
time the loan agreement is finalised. In addition, a fee of 2.5% of the amount
of the loan will be payable at the time of the first draw down. In the event
that Investec do not provide this project finance, the original warrants will be
cancelled.

Investec will shortly commence a detailed evaluation of the project so that the
provision of the development loan can be put in place soon after the completion
of the detailed feasibility study by S.A. SNC-Lavalin Europe B.V., scheduled for
March 2006.

Commenting on the announcement, Andrew Woollett, the Managing Director of
ZincOx, said 'I am delighted to have Investec working with us and we expect the
relationship established for Aliaga to lead to their involvement in other
similar projects elsewhere in the world. Investec's willingness to study the
project even before the feasibility study is completed should enable the project
development to progress without delay.'

For more information please contact:

Andrew Woollett Leesa Peters / Pam Spooner
ZincOx Resources plc Conduit PR
Tel: +44 (0) 1276 455700 Tel: +44 (0) 20 7618 8533

awoollett@zincox.com