CZN is the 100% owner of the entire Lynn Lake Nickel-Copper-Cobalt Mining Centre located in Manitoba - one of Canada’s most prolific nickel producing regions. The project includes the Lynn Lake Ni-Cu Sulphide Project and the exciting exploration play at the Fraser Lake Complex (FLC). The key target within the Lynn Lake project area is the EL Deposit, historically the highest grade deposit at Lynn Lake, producing 1.9Mt at 2.5% Ni and 1.15% Cu. CZN has recently completed drilling at the FLC, which is twice as large as the intrusive host of the Lynn Lake Mining Centre.
CZN holds the right to earn up to 80% of the Mount Gilmore Cobalt-Copper-Gold Project (NSW), which hosts the Cobalt Ridge Prospect – one of the highest grade cobalt deposits in Australia. It is a rare cobalt dominant sulphide deposit and CZN believes it has the potential to supply a quality cobalt product, suitable for use in lithium-ion batteries and the emerging rechargeable battery sector. CZN has already received very positive results from 1st pass flotation test work, and a drill program is proposed for the September quarter, 2017.