Big River Zinc has tentative buyerBig River Zinc President George Obeldobel has announced that the company in Sauget has reached a tentative deal with a buyer who would save the plant and its 300 jobs.
In December, Obeldobel announced that current owner, Korea Zinc, decided to shutter the plant in February if a buyer couldn't be found.
The identity of the buyer, which has a "conditional agreement" to buy the plant, has not been identified.
The process of closing the plant had already started. Obeldobel said 47 workers were laid off Sunday and production was shut down. More workers are expected to be laid off before the plant resumes production sometime in February.
For more information, see Wednesday's News-Democrat.

Latest Trades
Time Price Volume Value Buy/Sell Type
14:54 240.00p 562 1,349 Buy O
14:20 240.00p 825 1,980 Buy O
11:45 240.00p 25,000 60,000 Buy O
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11:28 250.00p 10,000 25,000 Buy O

More ZincOx latest trades
Largest Trades Over 10k
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10:55 240.00p 30,000 72,000 Sell T
10:37 239.00p 30,000 71,700 Buy O
11:45 240.00p 25,000 60,000 Buy O
11:21 250.00p 10,000 25,000 Buy O
11:28 250.00p 10,000 25,000 Buy O

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ZincOx Resources PLC
02 June 2006


General Update on Projects

Aliaga Recycling Project Feasibility Study Completed


The basic engineering for the Aliaga Recycling Project (ARP) in Turkey has been
completed by SNC Lavalin Europe, and a Feasibility Study produced. The ARP is on
schedule for production of 20,000 tonnes per annum of industrial grade zinc
oxide (16,000 tonnes of zinc contained) in the third quarter of 2007. Following
the commissioning of the plant, an expansion to 30,000 tonnes per annum of zinc
oxide is planned, and this should be operational before the end of 2008.

Over the past year costs in the mining and mineral processing industries have
risen substantially throughout the world. Furthermore modifications have been
made to the design of the production flowsheet for Aliaga that involve
additional process steps. There have also been increases to the sizing of
several elements of the plant that will allow a rapid and relatively less
expensive expansion. As a result capital costs have increased from US$39 million
to US$51 million, but a preliminary estimate of the additional cost required to
expand the plant output by 50% (10,000 tonnes per annum) to 30,000 tonnes per
annum of zinc oxide will require only about a further US$12 million.

Zinc oxide has several industrial applications for which there are numerous
different grades. Almost all applications sell at a premium to the LME value of
the zinc metal contained. Testwork on samples produced in the Company's pilot
plant in Belgium have demonstrated that the zinc oxide product will be suitable
for ceramic and agricultural applications. By the addition of further equipment,
to be installed as part of the expansion, material suitable for the largest
application, vulcanisation of rubber, can also be produced.

Almost all zinc oxide is produced from zinc metal or zinc secondary materials
the price of which is linked to the LME zinc price. At Aliaga the feed is a
waste obtained at no cost and so operating margins are substantial at the
elevated zinc prices currently prevailing.

The Turkish tax regulations have recently been revised, so that the rate of
corporate tax has been reduced to 20% from 30% but the generous depreciation
allowances for environmentally positive projects, such as ARP, have been
abolished.

Investec Bank is mandated to arrange the debt finance for the development of the
project. Investec has reviewed the revised costs and indicated they are prepared
to increase the amount of debt they can provide to the project. However, some
additional equity will also be required. The study is being evaluated by
independent consulting groups on behalf of Investec Bank as part of the due
diligence for the arrangement of project finance. The strength of medium term
zinc price forecasts is such that the price may be hedged forward up to seven
years at levels far in excess of the prices seen over the past seven years.
Using a zinc price of US$1,800 per tonne (price currently US$3,450 per tonne)
for the first four years of production, falling to US$1,300 thereafter, the
project has a net present value of 22 million and an internal rate of return of
21%. If the project expansion is commenced immediately following the
commissioning of the 20,000 tonnes per annum plant, the net present value
increases to 41 million and the internal rate of return to 26%.

Most mineral resource projects are based on a raw material reserve that is a
finite size; since the reserve has a limited life, projects are traditionally
valued on the basis of discounted cashflow over the fixed life of the reserves.
In the case of Aliaga, however, the raw material (EAFD) is being constantly
renewed and so the life is unlimited and an earnings based valuation would be
considered to be more appropriate by the Company. Based upon the assumptions
above, the average annual earnings generated by the 30,000 tonnes per annum
project would be about 8 million per annum. (NB if these earnings are
repatriated to the UK, further tax may be payable).

Commenting on the study, ZincOx's Chairman, Andrew Woollett said 'While
operating costs at Aliaga have increased, the rise is more than compensated for
by the increase in the zinc price. Furthermore, it is now possible to hedge zinc
forward at prices and over periods that would have been unthinkable even a year
ago, giving us the possibility of ensuring a strong early cashflow from the
project'.

Jabali, Yemen

The Exploitation Agreement for the Jabali deposit has been reviewed by several
government authorities and has recently been passed to the cabinet for final
approval, prior to ratification by parliament. The Jabali feasibility study was
completed in March 2005. In order to update the capital and operating cost
estimates in line with the general increase in costs throughout the industry, a
review is being undertaken. The cost review is expected to be completed within
the next three months. Discussions with a number of banks for the provision of
non-recourse project finance are progressing well.


Shaimerden, Kazakhstan

Part of the consideration for the sale of the Shaimerden zinc deposit to Kazzinc
in 2003, was a deferred payment related to the first 200,000 tonnes of zinc
mined. Kazzinc started to develop the mine in 2005. The ore lies under about 50
meters of overburden and the pit is currently at a depth of 45 meters. Some 6.5
million cubic metres of waste has been removed to date. It was planned to start
ore production in May 2006. However, the high water inflow in the pit has forced
Kazzinc to increase the slope of the open pit walls, resulting in a higher
proportion of overburden removal and a delay to the mining of ore. Under the
agreement with Kazzinc, mining is deemed start in October 2006 at the equivalent
of approximately 10,000 tonnes of zinc, on which the 2006 deferred payment is to
be based. This payment will be made at the end of January 2007 and will depend
on the average zinc price during the final quarter of 2006. If the zinc price
was to average US$2,500 per tonne during the final quarter (price currently
US$3,450 per tonne), the deferred payment for 2006 would amount to US$4 million.
Using Kazzinc's projections we expect the deferred payment for 2007 to be based
on the deemed maximum output of 60,000 tonnes of zinc (deemed minimum 40,000
tonnes of zinc) and, assuming an average price of US$2,500 per tonne, this would
amount to a payment of US$24 million in January 2008.


Big River Zinc

Negotiations regarding the purchase of the Big River Zinc Smelter are being
concluded and an announcement is expected imminently.


For more information please contact:

Andrew Woollett, ZincOx Resources plc
Tel: +44 (0) 1276 450 100

David Poutney /Chris Wilkinson, Numis Securities Ltd
Tel : +44 (0) 20 7776 1500

Laurence Read/Abigail Singleton, Conduit PR
Tel : +44 (0) 20 7429 6666

ZincOx Resources PLC
10 August 2006


ZincOx Resources plc - Holding(s) in the Company


ZincOx Resources PLC ('the Company') was notified on 9 August 2006 that Fidelity
International Limited (FIL), together with its direct and indirect subsidiaries,
both being non-beneficial holders, holds 5,053,200 ordinary shares of 25p each
in the Company, representing 10.90% of the Company's issued share capital.

Nice article by Mineweb.



http://www.mineweb.net/base_metals/140465.htm


ZincOx, low cost zinc and zinc oxide production with high added value
By: Rhona O'Connell
Posted: '06-SEP-06 10:31' GMT Mineweb 1997-2006


LONDON (Mineweb.com) --ZincOx Resources plc is a young company with a highly innovative technological approach that is leading it to production of zinc and zinc oxide from unconventional materials. Quite apart from two mining operations, the company has developed a new scrap recycling technique that generates zinc oxide from the dust generated in the electric arc process of scrap steel recovery. This is a low cost process with global potential that generates a produced that commands a substantial premium over the zinc price.

Andrew Woolett, the Chairman of ZincOx is a geologist of considerable experience, formerly with RTZ, Cluff Resources and latterly Reunion Mining, which brought on the Skorpion zinc mine in Namibia. At a presentation to the Mining Journal 20:20 Zinc Day in London he outlined the companys strategy and painted a bright picture of its future.

ZincOx is listed on AIM, ticker symbol ZOX with a market capitalisation of approximately 110 million (US$ 210 million) and currently has two mining and two recycling projects underway. The two mines are the Jabali, in the Yemen and Shaimerden in Kazakhstan. Both are moving into the production phase with substantial revenues Shaimerden due in 2007 (following start-up in 2006). The Turkish recycling project, the Aliaga, is scheduled for completion in mid-2007, while the Jabali mine and the Big River Zinc recycling project in the United States are both due on stream in 2008.

The Shaimerden project is a particularly interesting exercise. ZincOx sold a 95% interest in the property in December 2003 to Kazzinc, Kazakhstans largest zinc producer. The consideration was US$7.5 million in cash plus a deferred payment that relates to the first 200,000 tonnes of production, starting this month regardless of whether the operation is in production or not (Shaimerden is in fact due on stream on September 19th). At the time of the transaction, zinc was trading in the $800/tonne region and the payment schedule specifies that for every dollar on the zinc price that is in excess of $800/tonne (based on the average price of the previous year), ZincOx receives 23.5 cents. On the conservative basis of zinc at $2,000/tonne (zinc is currently trading at $3,500/tonne) this would mean payment to the company of US$56 million.

Shaimerden is an open pit project with the resource currently estimated at 4.55 million tonnes grading 21.14% zinc. Kazzinc plans to take the crushed ore from Shaimerden to processing plants at Ust-Kamenogorsk in the east of Kazakhstan, where it will be treated for the production of zinc metal.

The Jabali mine in the Yemen is owned as to 60% by ZincOx in joint venture with Anglo American Corporation (20%) and the Yemeni company Amsan Wikdfs (Hadramaut) Ltd. (20%). The mine is to be open pit, with a stripping ratio of just 2:1. The mineable resource is currently estimated to be in the region of nine million tonnes at 9.2% zinc, although Mr. Woolett believes there is the scope to expand this towards 15 million tonnes. This is the location of what was the worlds largest silver mine a thousand years ago, and which was rediscovered some 30 years ago. Given its location in a hilly area of the desert, the company likes to describe it as a brown hill site.

The deposit is predominantly carbonates, which is acid consuming and so solvent extraction does not work. ZincOx has therefore developed LTC (Leach-to-Chemical) technology, which via dissolution-filtration-purification-precipitation produces a high quality zinc oxide. This is significant as zinc oxide, which is used for ceramics, agriculture and rubber, commands a significant premium in price over the contained metal as it traditionally has had to be synthesised from zinc metal.

ZincOx is in the final stages of negotiating the mining lease and the plan is for 800,000 tpa of ore for 70,000 tpa of zinc oxide, of which 42,000 tpa will be attributable to ZincOx.

On the recycling side, Mr. Woolett noted that 33% of world steel production is from secondary material, largely using the electric arc furnace technique. During the process, base metal and halide impurities boil off and mixed with the air, form salts and precipitate as dust out of the gas stream. This Electric Arc Furnace Dust (EAFD) is typically 15-25% zinc, or between three and five times the grade of a typical zinc mine. There are roughly three million tones of EAFD produced per annum, giving 600,000 tpa of zinc content, or almost 7% of global demand. This has in the past been expensive to dispose of and a number of companies use landfill, paying a tipping fee to the local authorities.

ZincOx hydrometallurgical process described, above with respect to Jabali, can be applied to EAFD and ZincOx has secured several sources of EAFD for the recovery of contained zinc. The companys first two projects are Aliaga in Turkey and Big River in the US.

Aliaga has the 13th largest still production in the world, 69% of which comes from scrap. Currently the EAFD is mixed with slag and dumped on the ground and this has important political ramifications as it comes nowhere near the European Union environmental standards and as is well documented, Turkey is keen to become a member of the EU. The government is therefore enthusiastically embracing the ZincOx project. The plant site has already been purchased and the feasibility study envisages a two-stage development. The first is to treat the EAFD from Aliaga, to produce roughly 20,000 tpa of zinc oxide, and the second stage would take feedstock form the rest of the country to take output towards 30,000tpa.

Taking advantage of the liquidity that has been injected into the commodity markets by hedge fund activity, ZincOx has been able to obtain forward prices as far forward as seven years (as compared with the 27-month far distant month on the London Metal Exchange). The six-year quotes have revolved around $1,900/tonne, and seven years, $1,700/tonne. The company has taken a conservative assumption of a flat $1,800/tonne for the next five years and $1,300/tonne thereafter. This gives a 21% IRR and a net present value of 22 million using a 10% discount rate, based on the first phase 20,000tpa operation.

Big River in the US is a 100,000 tpa refinery that was active between 1929 and 2006. ZincOx purchased the plant from Korea Zinc in June 2006 for just 8 million (US$15 million) when low zinc prices had forced the closure of the Tennessee zinc mines and Korea Zinc saw no further future in sourcing concentrates from elsewhere. The process as it stands is conventional and so the early stages of the process need modification in order to treat EAFD, but the electro winning, melting, offices, etc are all effectively available of ruse. Initial production capacity is planned at 30,000 tpa, but the plan is to build this to 60,000 tpa and ultimately 100,000 tpa. The potential for expansion lies not only through the use of EAFD, but also for the use of traditional sulphide concentrates when they once more become available.

Big River is in Sauget, Illionois, a well-established industrial area with good infrastructure and excellent support from the State government, including tax incentives and the environmental requirements are not as stringent as for a Greenfield mining operation.

A capital cost estimate is scheduled for the fourth quarter of 2006, with financing expected to be completed soon after. The company hopes to start production in the fourth quarter of next year.

ZincOx aims to have both of these recycling projects on stream as soon as possible. The company is already negotiating EAFD supplies elsewhere in the world with a view to building a feasibility study on new projects. The scope for this process is considerable.

Thanks Andy, do you hold these ?

aldwickk,

Not yet, but I plan to.

I saw their 20 20 presentation this week, and the start of revenue this month is a boost for ZOX IMO, and should held drive the shareprice whilst other projects are brought online.

ZincOx Resources PLC
26 September 2006



ZincOx Resources plc ('ZincOx') (AIM:ZOX)

Interim Results for the Six Months ended 30th June 2006


Production commences at Kazzinc's Shaimerden zinc deposit triggering
deferred payments and cash flow stream to Zincox

At current zinc price, payments due in January 2007 and January 2008
would be US$7.2m and US$37.5m respectively

Shaimerden payments expected to continue until January 2010

Engineering design work progressing well at Big River Zinc project in USA
- operating and capital cost estimates expected by year end

Debt finance mandate awarded for Jabali project in the Yemen

First production from Aliaga project in Turkey, expected in 2008

Electric Arc Furnace Dust supply option agreement signed with two major
steel producers in Thailand as part of new project evaluation in that area

'As part of our global recycling strategy, we have for some time been
investigating other EAFD producing countries and are delighted that we have
signed up agreements with two major steel producers in Thailand for what amounts
to about 35,000 tonnes per annum of EAFD, having an average grade in excess of
20% zinc. We are therefore hopeful that we may soon have enough EAFD under
option to be able to consider a new project in Thailand and that this could be
the first of a number new locations to be announced over the next year or so'
said Chairman Andrew Woollett today.


Contacts:

Conduit PR: Tel: +44 20 7429 6666
Leesa Peters Mob: +44 (0) 7812 159 885
Ed Portman Mob: +44 (0) 7733 363 501


ZincOx Resources plc Tel: +44 1276 450100


Chairman's Statement

I am delighted to report that production commenced at Kazzinc's Shaimerden zinc
deposit in Kazakhstan on September 17th, and that we have started to accrue the
deferred payments due under the sale agreement. This marks the commencement of a
cash flow stream for the Company that is likely to be spread over the next five
years. The amount of the deferred payment is based on the amount of zinc mined
and the average zinc price for the year, and is payable by the 30th of January
of the following year. If the zinc price from the 17th of September through to
the end of the year was to average the price today, US$3,430 per tonne, the
first payment, due on 30th January 2007, will be US$7.2 million dollars, based
on 11,507 tonnes of zinc being mined. If the average zinc price were to remain
the same for 2007, the payment for next year, payable in January 2008, would be
US$37.5 million.

The deferred payment is due on only the first 200,000 tonnes of zinc mined at
the rate of US$0.2375 for every dollar that the price of zinc is above US$800
per tonne. The 2006 payment is based on a deemed minimum production of 40,000
tonnes per annum but reduced prorata for the period 17th September to the year
end. Independent consulting mining engineers, Orelogy Pty Ltd, have recently
carried out a review of Kazzinc's mine plan for Shaimerden. Orelogy have
confirmed that the mine plan is reasonable and achievable and that mining of
200,000 tonnes of zinc should be achieved by September 2007. We can, therefore,
expect our deferred payments to be based on 60,000 tonnes of zinc per annum for
2007, 2008 and 2009 and 8,493 tonnes for 2010.

The Shaimerden deferred payments create the equivalent of a short term cash flow
that would be similar to having a medium sized zinc producer of our own, but
without having suffered the dilution in shareholder equity normally associated
with the cost of developing a new mine.

Elsewhere the first half of 2006 saw the completion of our acquisition of the
Big River zinc smelter, in Illinois, the advancement of the Aliaga recycling
project, in Turkey along with solid progress at our Jabali mine project in Yemen

The acquisition of Big River has been a major leap forward for the company. The
Big River smelter has a capacity of 100,000 tonnes of zinc per annum and would
cost in the order of 220 million to build today, following what would likely
involve several years of environmental permitting. Our purchase cost amounted to
8.1 million and this represents an exceptional opportunity for us to enter the
US market both quickly and cost effectively.

By installing new equipment in the first half of the process we will be able to
convert the plant to treat EAFD, a waste material produced by the recycling of
galvanised scrap. This sort of material is plentiful in the eastern half of the
USA and Big River is therefore well placed for sourcing this new feed in stark
contrast to the previous operation which relied on local zinc mines that are all
now closed and concentrate from Doe Run.

It was the recent mine closures and the limitations on the type of feed that can
be treated by the equipment at Big River which forced the smelter to source high
purity zinc concentrate on the international spot market at a time when such
material was exceptionally expensive. This led to the decision by the previous
owners to suspend operations temporarily. ZincOx was keen to restart the
operation but the refusal by Doe Run to continue the supply of concentrate on
the existing contractual terms meant this was not possible. However, in the
future, we believe the relative price of appropriate concentrates is likely to
return to historical levels, and at such a time it may be attractive to restart
production based on the existing equipment which would then supplement the feed
from the new EAFD operation.

The use of EAFD at Big River is made possible by zinc solvent extraction
purification technology, the largest application of which has been the Skorpion
project in Namibia. SNC Lavalin, Montreal, the engineering company responsible
for the development of the Skorpion project have been appointed as lead
engineers for the Big River Zinc redevelopment. Engineering design work is
progressing well and operating and capital cost estimates will be completed the
before the end of this year with first production expected at the end of 2007.


At Jabali our cost review is ongoing in parallel with the debt financing of the
project. In respect of the latter Jabal Salab, our Yemeni resident subsidiary
company, has recently mandated Exotix Ltd, a subsidiary of the London based
ICAP, to arrange debt finance for the development. Exotix are a specialist bond
financing team experienced in emerging markets. We are hoping to have debt
finance in place, subject to documentation, by the start of next year.

Progress on the Aliaga Recycling Project has been disappointing due to a delay
in the approval for planning permission in respect of the plant and residue
disposal site. This now falls on the critical path for the development of the
project and the current delays are likely to preclude first production before
the end of 2007.

As part of our global recycling strategy, we have for some time been
investigating other EAFD producing countries. I am delighted to report that we
have signed EAFD supply option agreements with two major steel producers in
Thailand for what amounts to about 35,000 tonnes per annum of EAFD, having an
average grade in excess of 20% zinc. We are therefore hopeful that we may soon
have enough EAFD under option to be able to consider a new project in Thailand
and that this could be the first of a number new locations to be announced over
the next year or so.

To date, 2006 has been an intense period of activity for everyone in the company
and on behalf of the shareholders I would like to thank all of the staff for
their tremendous efforts during this period.

Andrew Woollett
Chairman

26 September 2006

Buy Zincox and Tinopolis
Says Zak Mir of Zaks-TA.com


Zincox (ZOX):

On the Zincox chart of the stock we see that there has been a very sharp and persistent uptrend in place. The main characteristic of the bull run shows that new support has generally come in at or above previous resistance in the 2005-2006 period. This indicates that, even after the November failure to beat early 2006 resistance, the overall tone of this stock is very bullish.

The best strategy at this stage is to go long on any dips towards the blue 50-day moving average at 256p, even with the RSI at 68, it means that going long at current levels couldn't be wrong. The 50-day line provides for a decent end-of-day close stop loss stop loss as we target the blue May resistance line at 305p initially, with the final destination the August 2004 resistance line at 400p.

ZincOx Resources plc 25 January 2007
('ZincOx' or 'the Company')(AIM:ZOX)


US$9 million received as the first instalment of the Shaimerden deferred
payments

ZincOx Resources plc has received US$9,042,776 from JSC Kazzinc (Kazzinc), being
the first tranche of the deferred payment due under the 2003 sale agreement for
the Shaimerden zinc deposit, in Kazakhstan (the Agreement)

Commenting on the announcement, Andrew Woollett, ZincOx's chairman, said 'This
payment is the first of five payments which we expect to increase substantially
over the next couple of years and will continue beyond the point at which we
plan to have our own operations in production'.

Under the Agreement the deferred payments are being made in respect of the first
200,000 tonnes of zinc mined from the deposit, at the rate of US$0.2375 per
tonne for every dollar that the price of zinc is above US$800 per tonne. The
zinc price is based on the average daily LME price for the period and payment
for the year is before the end of January of the following year.

While production commenced at Shaimerden on 17 September, the 2006 payment is
based on a deemed minimum annual production of 40,000 tonnes. This is reduced
pro rata for the period 17 September to the year end and therefore amounts to
11,616 tonnes. The zinc price from 17 September 2006 through to the end of that
year was an average of US$4,077 and hence the amount received by the Company was
US$9,042,776. In addition to a minimum rate of production there is a maximum
rate equivalent to 60,000 tonnes per annum.

Independent consulting mining engineers, Orelogy Pty Ltd, have carried out a
review of Kazzinc's mine plan for Shaimerden. Orelogy have confirmed that the
mine plan is reasonable and achievable and that mining of 200,000 tonnes of zinc
should actually be achieved by September 2007. ZincOx can, therefore, expect the
deferred payments to be based on the deemed maximum rate of production, 60,000
tonnes of zinc per annum, for 2007, 2008 and 2009 and the balance of 8,384
tonnes for 2010.


For more information please contact:

ZincOx Resources plc
Simon Hall +44 (0) 1276 450100

shall@zincox.com

www.zincox.com



Aldwickk.

ZincOx Resources PLC
20 February 2007


New US Recycling project and expansion at Big River Zinc - 20 February 2007

ZincOx Resources plc (ZOX), is pleased to announce the completion of
pre-feasibility studies on an integrated zinc and iron recycling project which
will include a new facility in Ohio and modifying and refurbishing the Big River
Zinc plant near St Louis.

Using a zinc price of US$1,900 per tonne for the next five years and US$1,500
thereafter the Ohio Project and Big River Zinc Project individually have
internal rates of return of 20% and 35%, and have, net present values of
US$60million and US$129million respectively (post tax, pre finance 10% discount
rate).

Commenting on the announcement, Andrew Woollett, ZincOx's Chairman said 'These
two projects, together with our new Turkish Project, complete the operating
structure for our first fully integrated zinc, lead and iron recycling concept.
This structure will enable us to recycle virtually all the valuable metals found
in electric arc furnace dust (EAFD), a problematic waste material produced when
galvanised steel is recycled. This structure and the proprietary technology
involved represents a blueprint that we intend to repeat elsewhere in the
world'.

At the Ohio Project a rotary hearth furnace will be used to treat EAFD to
recover zinc and lead in an oxide concentrate (HZO) and to recover the contained
iron as a Direct Reduced Iron (DRI) product. The DRI will be melted in a small
electric furnace that will produce a very clean slag suitable for construction
purposes and pig iron which will be sold to the steel industry. The plant will
be designed to treat 200,000 tonnes per annum of EAFD for the production of
48,000 tonnes of zinc contained in HZO and about 50,000 tonnes of pig iron. The
HZO will be sent to Big River Zinc for the recovery of the valuable metals. The
Ohio plant will take approximately 18 months to construct at a capital cost of
about US$107million.

In June 2006, ZincOx acquired the Big River Zinc smelter, in Sauget, Illinois
(BRZ). The HZO from both the Ohio Project and from the Aliaga project in Turkey
will be processed at BRZ. The zinc contained in the HZO will be dissolved in
BRZ's refurbished leach plant. The resultant zinc bearing solution will be
purified in a new solvent extraction circuit, prior to conventional zinc
recovery using BRZ's existing electrowinning, melting and casting equipment to
produce zinc ingots. The ZincOx management team used the solvent extraction
process in the design of the flowsheet for the Skorpion zinc oxide deposit in
Namibia, where it now accounts for 150,000 tonnes of zinc metal production per
annum. Big River will be designed to produce 90,000 tonnes of Special High Grade
quality zinc metal per annum. The refurbishment of the Big River plant and
installation of solvent extraction will take approximately 16 months at a cost
of about US$90million.

At Aliaga, in Turkey, (see announcement dated: 12 December 2006) ZincOx is
planning to develop an EAFD processing plant similar to that proposed for the
Ohio project. The capital cost of the Aliaga project is expected to be
US$106million with production commencing in mid 2008.

The development of the plants in Turkey and Ohio and the refurbishment of the
Big River Zinc facility are expected to require total capital expenditures of
about US$303million, including contingencies. The company is investigating
various financing strategies including participation by one of ZincOx's largest
shareholders, Teck Cominco. In December 2006, Teck Cominco, the world's second
largest zinc mining company, increased its interest in ZincOx by 3.5% to 11.5%.
Commenting on the financing, Andrew Woollett said 'There are a number of
attractive financing options available to us, including the early sale of the
future Shaimerden deferred payments, and we are optimistic that we will be able
to develop these projects without a major issue of new equity.'

anyone still holding zincox.?Is there more to come.?(ie shares going up)

LONDON (Thomson Financial) - ZincOx Resources PLC said the Yemen parliament has approved the contract for development of Jabali zinc mine located 100 kilometres north east of the capital city, Sana'a.

The zinc oxide mineral exploration company said it expects the capital cost of about 176 mln usd for developing the project.

The company said the deposit is expected to be mined at the rate of 800,000 tonnes per annum of ore for the production of about 70,000 tonnes per annum of high quality zinc oxide. Production is scheduled to begin in the middle of 2009, it added.

ZincOx said it is in advanced stage discussions with London-based investment banking boutique, Exotix Ltd for a financing facility.

The contract is an agreement between the Ministry of Oil and Minerals, representing the Government of Yemen, and Jabal Salab Co (Yemen) Ltd, in which ZincOx holds a 52 pct stake with the remaining 48 pct stake being held by Ansan Wikfs (Yemen) Ltd, the company said.

new article, time for a rebound?

Click HERE

Andy, I sold the last of mine at 236 a few weeks ago, also sold GFM, and topped up my main core holdings AFR and CEY.

All a bit quiet but still holding from over 140p, I see though acc advfn they've received payment today for Shaimerden
link:
http://www.proactiveinvestors.co.uk/companies/news/4177/zincox-resources-confirms-receipt-of-us157-million-from-sale-of-shaimerden-deposit--4177.html
"
Following the receipt of the Shaimerden payment, expected before the end of this month, ZincOx will have almost US$92.5 million in cash. The Company is therefore in a remarkably strong position compared to many of its peers in the junior mining sector and is well equipped to ride out the current very challenging economic environment.
"
Market cap 21 million smacks of a serious undervaluation here. Well overlooked this company.

flying today and what a chart, around 135p of cash on the balance sheet after recent royalty payment plus quite a few assets! 135p being bought for 43p as we speak!!!

I like the look of the chart a nice rounded bottom worth buying for that alone..back to 60p imo.

Does look good.