ZincOx Resources PLC AGM Update (8236K)

TIDMZOX

RNS Number : 8236K

ZincOx Resources PLC

30 June 2014

ZincOx Resources plc

("ZincOx" or the "Company")

KRP Ramp-up Progress

ZincOx Resources plc (AIM: ZOX), the operator of one of the world's largest electric arc furnace dust zinc recycling facilities, is pleased to announce that, at its Annual General Meeting of shareholders to be held later today, it will provide the following update on the continuing ramp-up of production at its wholly owned Korean Recycling Plant ("KRP").

Following the record production month in May, production in June has fallen as a result of a short suspension of operation to carry out debottlenecking modifications that required a cooling of the furnace. The underlying performance of the plant continued to improve and, ignoring this suspension, production in July, assuming no major work, is expected to set a new record.

The output of the plant is determined by four factors, the tonnage of material being treated per hour (or feed rate), the number of hours being worked in a given period (or running time), the amount of zinc in each tonne of feed processed (or feed grade) and the proportion of zinc being recovered (or recovery). Currently, feed rate is at about 80% of target, running time is at about 96% of target, recovery is at about 96% of target and feed grade is at about 103% of target.

The de-bottlenecking modification has involved the installation of cleaning manholes in the drop-boxes of the gas handling system. At high output, the zinc product settles out of the offgases in the central part of the drop-boxes which were inaccessible to cleaning through the existing access doors. This build-up reduced offgas flow and so impacted on plant capacity. New access points have been made which allow these areas to be cleared so as to avoid significant accumulation and prevent any restriction to the flow of offgas or plant throughput.

Further regular updates will be provided in due course.

For further information, please contact:

 
 ZincOx Resources plc                  Tel: +44 (0) 127 
                                        645 0100 
 Andrew Woollett, Executive Chairman 
 Peel Hunt LLP (Nominated Adviser      Tel: +44 (0) 207 
  and Joint Broker)                     418 8900 
 Richard Kauffer 
  Daniel Harris 
 finnCap Limited (Joint Broker)        Tel: +44 (0) 207 
  Matthew Robinson                      220 0500 
  Joanna Weaving 
 Tavistock Communications (Financial   Tel: +44 (0) 207 
  PR)                                   920 3150 
  Simon Hudson 
  Nuala Gallagher 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFRMFTMBTTBBI