The Company was incorporated as Zeus Uranium Limited on 6 October 2009 for the primary purpose of identifying and acquiring uranium exploration projects in Australia.
Following the severe downturn in the prospects for uranium exploration companies in the wake of the Fukushima disaster in March 2011, Zeus sought a cornerstone investment from a credentialed partner with matching interests and the Company was renamed Zeus Resources Limited (Zeus), retaining its uranium exploration portfolio but within a broader commodity outlook.
Zeus secured a credentialed cornerstone investor and strategic partner in Zhengyuan International Mining Co. Ltd (ZIMC); a wholly owned subsidiary of the Chinese State- Owned Enterprise (SOE) China Metallurgical Geological Bureau (CMGB).
CMGB is a major Chinese SOE focused on multi-commodity mineral exploration, development and mining. In 2011 CMGB had more than 32,000 employees and assets worth more than $1.5 billion.