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Superior completes zinc study, looks for project finance

A day after telling the market its bankable feasibility study was imminent, Superior Lake Resources has unveiled results of the assessment showing it will need the best part of US$100 million to develop a high-grade zinc project in Ontario generating average earnings of $34 million per annum for nine years.

Superior completes zinc study, looks for project finance Superior completes zinc study, looks for project finance Superior completes zinc study, looks for project finance Superior completes zinc study, looks for project finance Superior completes zinc study, looks for project finance

Mining at Superior Lake in Ontario, Canada, last century

The project could produce 38,000t per annum of contained zinc at a cash cost of 35c per pound and all-in sustaining cost of 46c/lb.