The Company's primary near term objective is to advance the LIK property towards development through the definition of a resource and commencement of a formal feasibility study.
The Company believes it can successfully implement its objective to develop and ultimately operate its LIK property because of its key strengths and advantages, which include the following:
Advanced Exploration Property: The LIK deposit represents an advanced stage exploration property on which substantial drilling has been conducted to date, and also consists of a large land area of 2,225 ha for continued exploration.
Attractive Economics: The company believes that the outlook for zinc is very positive and so Zazu is determined to pursue an aggressive exploration program with the objective of maximizing the mineral resource at the LIK property and bringing it into production. The LIK property was not previously put into production for two main reasons: (i) historically low zinc prices provided unfavourable market conditions; and (ii) the previous owners of the LIK property were two large U.S. public companies with strategic priorities other than mineral production on the LIK property.
Established Mining District: The LIK property is located in the highly prospective Red Dog mine district of Alaska, located approximately 22 km from the Red Dog mine, and abutting Teck Cominco Limited's Su property. This district contains the world's largest known zinc deposits.
Management Experience: The Company's directors and senior management team have significant mining industry experience, including having held positions with mining companies such as Glamis Gold Inc., Homestake Mining Company, Ivanhoe Mines Ltd. and Teck Cominco Limited, among others. Gil Atzmon, the Company's founder and Chief Executive Officer, has over 20 years' experience in the mineral resource sector. His career has included positions as a mining executive, investment banker, mining fund manager and geologist. Mr. Atzmon has participated in many global exploration and mining projects and has successfully arranged financing for the exploration and development of several mineral properties. In addition, Joe M. Britton, Vice-President Exploration, has extensive knowledge of the LIK deposit, having been involved with the LIK property and its historical exploration since 1978.
Existing Infrastructure: The LIK property 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.
Low Political Risk: The LIK property is located in the State of Alaska, which has a history of supporting and fostering 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.