Meridian Minerals Limited
Meridian Minerals Limited (ASX: MII) is an Australian based diverse mineral resource development and exploration company.
The company owns the Lennard Shelf Zinc Lead Project in the Kimberley region of Western Australia, one of the world’s premier Mississippi Valley Type zinc-lead provinces. Since acquiring the project in late 2009, with its extensive drilling program, Meridian Minerals has increased the project’s mineral resources by 130%, from 8.2Mt @ 7.4 Zn and 4.0% Pb, to the current 17.7Mt @ 4.0 Pb and 5.5% Zn. In May 2011 the company entered into a non-binding Heads of Agreement with major Chinese shareholder Northwest, to sell the Project for A$78M. Due diligence by North West is underway.
In February 2011 Meridian entered into a non-binding Heads of Agreement with the aim to acquire a 75% Interest in the non-alluvial assets of pre-production Russian Gold Company “Omchak”. The Due diligence process is underway.
Meridian Minerals continues to proactively identify and assess other project opportunities, in particular Copper and/or Gold projects in Pre-Feasibility Study to production stage.
Latest Media Releases
31/10/2011 12:19:00
HIGHLIGHTS
Lennard Shelf Zinc Project (Western Australia)
Drilling at the Kubra Prospect confirmed Meridian has discovered a new, +600m long, trend of high grade lead and zinc minera…
Latest News
Company News /
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12 years ago
24 Nov 2011 - Meridian Minerals Ltd's (ASX:MII) suitor and largest shareholder gets the green light from the Chinese government and regulators to proceed with its takeover of the m…
Interviews /
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12 years ago
20 May 2011 – Meridian Minerals Limited (ASX:MII) Managing Director, Jeremy Read, talks about Meridian’s sale of its Lennard Shelf Project and the purchase of Russian gold company …
