Solitario Exploration & Royalty Corp.

Published : February 07th, 2014

Zinc Uptrend Could Benefit Solitario Exploration

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Keywords :   Canada | China | Copper | Gold | Lead | Market | Nickel | Peru | Silver | Utah | Zinc |


John Kaiser: Zinc Uptrend Could Benefit These Three Juniors (PDF link)

MINING MARKETS DAILY NEWS: February 4, 2014

John Kaiser: Zinc Uptrend Could Benefit These Three Juniors

By: Alisha Hiyate

Like many metal market observers, John Kaiser of Kaiser Research Online sees opportunity in zinc.

In an interview with Mining Markets at the recent Vancouver Resource Investment conference, Kaiser said big price gains could be ahead for the often-overlooked base metal.

"Zinc is the one metal where it's not just myself, but most observers feel there is an uptrend possible in the next few years," he said. "And that is because zinc has been such a stinker for so long, there's not an awful lot of new deposits left to develop, especially outside of China."

Kaiser says China has gone overboard bringing new zinc supply onstream in the past five years, depressing prices. However, many of the world's major zinc-producing mines are depleted and slated for closure.

"They started shutting down in 2013 and they'll continue to shut down, and zinc demand will continue to rise."

In addition, Kaiser notes that China is rationalizing its mining practices and becoming more concerned about the environmental damage from mining.

"Chinese supply itself might decline, so we could see zinc move up in two or three years to perhaps $1.50 higher just on its own, not inflation adjusted - which means there is now interest in companies that have advanced zinc deposits that don't make a lot of sense at 95�, but would be a very profitable mine at $1.50," he said.

"This is the time to start putting that resource feasibility demonstration money into those projects, whereas copper, nickel, all these other areas, they had their fun - we're not going to see significant increases for copper or other base metal prices for a couple of years."

Kaiser is watching three companies with advanced zinc deposits closely.

One is Solitario Exploration & Royalty (TSX: SLR; NYSE-MKT: XPL), and its Bongara zinc-lead-silver project in Peru.

"This is a project that's completely ignored by the market," Kaiser says, adding that Solitario is priced on its Mt Hamilton gold-silver project in Nevada.

However, $60 million has already been spent on Bongara, and Solitario's partner at the project, Votorantim Metais, is working on a prefeasibility study due out in mid-2014 that will include the project's first resource estimate. Votorantim can earn up to 70% of the project by completing a feasibility study and making a construction decision.

Kaiser is also interested in Lithic Resources (TSXV: LTH), which completed a preliminary economic assessment on its West Desert project, in Utah, in 2010. Lithic is now working on an updated study that includes open-pit mining of oxides at West Desert. (The previous study looked only at underground mining of sulphide resources.)

"That company now has some strong management on board and they're gearing up to do some drilling and move to a prefeasibility," Kaiser says.

Lastly, Kaiser has an eye on Canada Zinc Metals (TSXV: CZX) and its Akie project in northeastern British Columbia. While the project has been unable to gain traction for two decades because of low zinc prices, it's finally starting to attract attention.

The deposit has indicated resources of 12.7 million tonnes grading 8.4% zinc,1.7% lead and 13.7 grams silver per tonne (at a 5% zinc cutoff), a16.3 million inferred tonnes grading 7.4% zinc 1.3% lead and 11.6 grams silver.

Solitario recently traded at $1.10 in a 52-week range of $0.76-1.75, and has 37.5 million shares outstanding, while Lithic traded at $0.10 in a 52-week-range of $0.04-0.11, with 63.2 million shares outstanding; and Canada Zinc traded at $0.52 in a range of $0.17-0.60, with 146 million shares outstanding.

For more information, contact:


If you have problems accessing this release or have questions, please contact Debbie Mino-Austin at (800) 229-6827 or Chris Herald, CEO at (303) 534-1030, #14.

You are receiving this email because you have requested updated information on Soltiario Exploration & Royalty and its projects and properties. Should you no longer wish to receive information on Solitario

Solitario Exploration & Royalty: 4251 Kipling St, #390, Wheat Ridge CO 80033

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Solitario Exploration & Royalty Corp.

EXPLORATION STAGE
CODE : SLR.TO
ISIN : US8342EP1070
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Solitario Exploration & Royalty is a gold and zinc development stage company based in United states of america.

Solitario Exploration & Royalty holds various exploration projects in Peru and in USA.

Its main exploration properties are PEDRA BRANCA and MERCURIO in Brazil, CHONTA, CHAMBARA, YANACOCHA and LA PROMESA in Peru, PACHUCA REAL in Mexico and MOUNT HAMILTON in USA.

Solitario Exploration & Royalty is listed in Canada and in United States of America. Its market capitalisation is CA$ 21.7 millions as of today (US$ 17.3 millions, € 15.2 millions).

Its stock quote reached its highest recent level on August 29, 1997 at CA$ 6.25, and its lowest recent point on March 20, 2020 at CA$ 0.22.

Solitario Exploration & Royalty has 38 690 000 shares outstanding.

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Financings of Solitario Exploration & Royalty Corp.
2/21/2014Commitments for $1,680,000 Private Placement
7/26/2013Closing of $2,059,589 Private Placement Including Insider Pu...
5/1/2013Closing of Private Placement to Acquire 5,131,150 Shares of ...
4/24/2013Private Placement with Ely Gold with Reduced Earn-in Payment
Project news of Solitario Exploration & Royalty Corp.
2/7/2014Zinc Uptrend Could Benefit Solitario Exploration
12/22/2010(Mount Hamilton)SOLITARIO AND ELY ENTER INTO DEFINITIVE JOINT VENTURE AGREEM...
1/12/2010(Bongarà)Major Expansion of Exploration & Development Activities on i...
1/7/2010(Pedra Branca)Drilling Results at Pedra Branca
1/29/2009(Bongarà)DRILLING RESULTS ON ITS BONGARÁ ZINC PROJECT, PERU
12/2/2008(Pedra Branca)ANNOUNCES ADDITIONAL MINERALIZATION INTERSECTED
3/13/2008(Pedra Branca)reported a major expansion in land holdings
9/20/2007Announces Significant Drilling Results
Corporate news of Solitario Exploration & Royalty Corp.
7/25/2016Solitario Exploration & Royalty Corp. Reports Results of Ann...
6/6/2016Solitario Purchases NSR Royalty on Prospective Properties in...
5/4/2016Solitario reports 1Q loss
8/25/2015Solitario and Ely Gold Close Transaction to Sell their Inter...
8/14/2015Solitario Exploration & Royalty Corp. Reports Results of Ann...
8/14/2015Solitario Reports Results of Annual Meeting of Shareholders
8/11/2015Solitario posts 2Q loss
4/2/2015Solitario Announces Milpo/Votorantim Have Earned a 61% Inter...
4/2/2015Solitario Announces Milpo / Votorantim Have Earned a 61% Int...
2/3/2015Solitario Options Its Norcan Copper Project in Mexico
1/14/2015Solitario Announces Mt. Hamilton Reclamation Permits Approve...
1/14/2015Solitario Announces Mt. Hamilton Reclamation Permits Approve...
11/19/2014Solitario Announces Milpo to Manage It's Bongará Zinc Operat...
11/19/2014Solitario Announces Milpo to Manage Its Bongará Zinc Operati...
10/20/2014Solitario Announces Updated Mt. Hamilton Feasibility Study; ...
10/20/2014Solitario Announces Updated Mt. Hamilton Feasibility Study
9/2/2014Solitario Completes Environmental Assessment Process on Its ...
5/29/2014Solitario Updates Activities on Its Pedra Branca and Pachuca...
4/23/2014Solitario Engages SRK Consulting to Complete an Initial NI 4...
4/17/2014Solitario Clarifies Technical Disclosures
12/3/2013Recent Transactions Bolster Solitario's Future Financial Pos...
11/21/2013Announces Sale of Shares of Ely Gold
10/1/2013Announces Resources Sensitivities to Gold Price for Its Mt. ...
9/19/2013Announces Resource and Metallurgy Update for Its Mt. Hamilto...
8/20/2013Intersects 10.7 Meters Grading 50.8% Zinc + Lead on itsBonga...
8/7/2013Announces High-Grade Drilling Results on its Bongará Zinc Pr...
10/26/2012NI 43-101 Technical Report Filed for its Mt. Hamilton Gold P...
7/19/2011CEO Chris Herald to Make Presentation in Denver, CO on July ...
5/19/2011News Release
4/13/2011News Release
2/18/2011News Release
11/19/2009Updates 2010 Exploration Plans
2/7/2009Revise Previously Issued Financial Statements
11/10/2008to Present at John Tumazos Very Independent Research, LLC Me...
7/25/2008Five Drills Now Operating on Solitario Projects
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