ZENITH MINERALS LIMITED – QUARTERLY ACTIVITY REPORT FOR THE PERIOD ENDING 30th APRIL 2017

Click to access 170428%20ZNC%20QtlyActivityStatement%20&%205B%20Mar2017.pdf

Exploration and Development American Lithium Portfolio  US$5 million farm-in deal executed with a private company controlled by prominent UK investor Jim Mellon (Bradda Head Ltd) over Zenith’s USA and Mexican lithium project portfolio, (ASX Release 7th March 2017);  US$500,000 (~A$660,000) cash received from Bradda Head as a refund of Zenith’s expenditure to date, along with A$1.5 million share placement (see below)  Zacatecas Lithium Brine Project – Mexico o Lithium brines grading up to 2.1% lithium reported in regional water and surface sediment sampling by Mexican Federal Government from solar evaporation ponds for salt production on an adjacent salt lake (10km west of the Zacatecas Lithium Project) – ASX Release 17th January 2017; o Highly anomalous results up to 924ppm lithium from Zenith’s orientation surface sediment samples taken on salt pans in the Zacatecas Lithium Project – comparable to and higher than those from competitor lithium brine projects in Mexico and the USA (ASX Release 23rd March 2017); o Systematic infill surface geochemical sampling recently completed over all three Zacatecas concessions following the successful orientation survey – samples dispatched to laboratory for analysis.

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