New Century Resources Ltd (ASX: NCZ) plans to become top 10 zinc producer

New Century Resources Ltd (ASX: NCZ) – a $640 million market cap mineral exploration company based in Western Australia – will restart its Century mine operations in August 2018 as part of plans to become a global top 10 producer of zinc.

In a North American investor presentation, New Century detailed its Century mine was on track for first production in August with a focus on site rehabilitation and the utilisation of existing infrastructure.

A feasibility study is underway to determine a possible mine life expansion at the site and further exploration potential, but the project restart is fully-funded and poised to take full advantage of the forecast for a 2% annual increase in global demand for zinc.

New Century base metal peers include Sandfire Resources NL (ASX: SFR) whose shares have dropped back today, down 1.8% to $9.52, despite printing a 52-week share price high on June 12 when its shares hit $9.91.

Western Areas Ltd (ASX: WSA) and OZ Minerals Limited (ASX: OZL) are following Sandfire into the red today, down to $3.64 and $10.11 respectively.

7 of 8 People Are Clueless About This Trillion-Dollar Market

One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:

Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.

Don't miss your chance click here to learn about this warning and how you might be able to profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!