New Century aims to make treasure from MMG’s trash

Original article by Peter Ker
The Australian – Page: 15 : 26-Mar-18

New Century Resources is to rehabilitate the Century zinc mine in far north Queensland, with the mine, previously owned by MMG, having ceased production in late 2015. Should the rehabilitation of the Century mine be done in a profitable manner, New Century Resources may then look to resume mining at the site, with nearby deposits having shown promise. With the share price of New Century Resources having risen by 400 per cent over the last eight months, MMG CEO Jerry Jiao says he has no regrets about the 2017 deal that saw MMG pay New Century Resources to take the mine off its hands.

CORPORATES
NEW CENTURY RESOURCES LIMITED – ASX NCZ, MMG LIMITED – ASX MMG

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