Consolidated Zinc History and Project Development Milestones

Consolidated Zinc has a rich history that dates back to 2004, when the company was first established in Australia.

The company has undergone significant transformations since its inception, with a major milestone being the acquisition of the Red Hills Zinc Project in 2015.

This acquisition marked a significant turning point for Consolidated Zinc, as it provided access to a substantial zinc deposit and the potential for future growth.

The Red Hills Zinc Project has been the primary focus of the company's efforts, with Consolidated Zinc investing heavily in exploration and development activities to unlock the project's full potential.

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At Consolidated Zinc, the leadership team is made up of experienced individuals who have been appointed to their roles at various times.

Bradley Marwood is the Executive Chairman and CEO, having been appointed to this position on April 3, 2018.

Angela Pankhurst is an Executive Director, taking on this role on August 1, 2018.

Anthony Italiano is also an Executive Director, appointed to this position on September 1, 2022.

Here is a list of the current leadership team at Consolidated Zinc:

Impact Silver has completed a Share Purchase and Sale Agreement with Consolidated Zinc, acquiring its shares of Minera Latin America Zinc, which owns the Plomosas zinc-silver-lead project in Chihuahua, Mexico.

The total purchase price stands at US$6 million, consisting of US$3 million in cash and the remaining in the form of about 11.44 million shares to be issued.

Contractual restrictions have been placed on 75% of Consolidated Zinc's shares, so the company will not be immediately able to sell or transfer them.

The shares will be released from these restrictions in three sets of 25% over a period of 18 months from the date of the closing of the acquisition.

Impact Silver also promised a 12% net profit interest royalty on the Plomosas project's production.

The Plomosas project reported mineral resources of 215,000t grading 13.5% zinc, 6.3% lead and 34.0g/t silver and 772,000t grading 13.1% zinc, 3.0% lead and 19.0g/t silver (inferred), at a 3% zinc.

Impact Silver plans to conduct an aggressive drilling program in 2023 to both infill the Plomosas project's resources and test extensions of known mineralization.

This acquisition will expand Impact Silver's production profile from one producing mine to two producing projects.

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The company's roots date back to 1905 when it was founded in Melbourne as the Zinc Corporation Limited.

Its initial operations focused on extracting zinc from mine tailings of the Broken Hill Ore Deposit at Broken Hill, New South Wales, Australia.

The company was founded to exploit residual zinc concentrations with an estimated value of $12 million in the 6 million tons of mine tailings deposited from mining activities over the previous 20 years.

Key figures involved in the effort included William Baillieu and William Sydney Robinson, who played a crucial role in the company's early success.

Herbert Hoover, a future U.S. president, also inspected the tailing dumps in the group's investigations prior to the company's formation.

The company established concentrating mills at Broken Hill in 1905 and 1910, and an associated sulphuric acid manufacturing plant was built in 1906, with H. W. Gepp as its first manager.

In 1911, the company expanded into primary mining activities with the purchase of Broken Hill South Blocks Ltd, constructing underground mines and mining for zinc, lead, silver, and gold in the Broken Hill area.

The company went through a significant transformation in 1949 when it merged with the Imperial Smelting Corporation to become Consolidated Zinc.

Haddon King became the chief geologist in 1953, marking a new era for the company.

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