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Rising Arizona

In a global commodity sector in which significant new discoveries have been few and far between for the past three decades, Arizona Mining’s (TSX: AZ) growing Taylor zinc sulphide deposit south of Tucson, at its Hermosa project, has been a standout. And the biggest equity investment by a major in an emerging zinc company in recent times, at a premium price, has only underscored Arizona’s unique credentials.

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Arizona has seven rigs currently drilling on the Hermosa-Taylor resource, Taylor Deeps and the Trench Vein System

South32’s circa-US$80 million injection into Arizona for 15% of the company has given the latter the opportunity to aggressively build out the high-grade resource at Taylor as it finalises the blueprint for a mine already shaping up as world-class producer with first-quartile costs.

The persified miner paid a 30% premium for its stake in Arizona and its emerging project after an April 2017 preliminary economic assessment determined ...