Zazu Metals (TSXV: ZAZ, "Zazu" or "the Company") is a Canadian based exploration company formed to acquire an interest in a zinc, lead and silver exploration property, known as the LIK property, located in Alaska. The Company holds the 50% operating interest in the LIK property (the other 50% interest is held by a subsidiary of Teck Resources, Ltd. ("Teck")) with the right to earn an additional 30% through spending commitments. The Company's objective is to develop the LIK property to production.
The LIK property is located in the established and highly prospective Red Dog mine district of Alaska, is proximate to well-developed infrastructure and is based in an area where there has been a long-standing history of, and support for, mining activities.
The Company also intends to pursue a strategy of evaluating and potentially acquiring interests in other attractive mineral properties that the Company believes will be accretive to its overall growth strategy.
In April 2014, Zazu completed an NI 43-101 Compliant Preliminary Economic Analysis through JDS Energy and Mining. The PEA is available on SEDAR.COM or here
Zazu maintains a tight share capitalization.
Current Shares Outstanding (06/30/2014): 47,909,051
Current Shares Fully Diluted (06/30/2014): 52,299,051
Cash on hand and short term investments (06/30/2014): US$1.07M