Minco PLC is a mineral exploration company engaged in zinc-lead and manganese exploration and development in Canada, the United Kingdom and Ireland and in evaluating a manganese project in New Brunswick, Canada.  Minco also has an investment in base metal and silver projects in Mexico through its 26% interest in ownership of Xtierra Inc.

Minco is incorporated in the Republic of Ireland and listed on the AIM Market of the London Stock Exchange under the symbol MIO. Minco's directors and management have an established track record of discovering, developing and operating mines across the world. 

Overview of Minco’s Projects  


Minco plc Sale of Curraghinalt Royalty

Recommended Offer for Minco plc by Dalradian Resources Inc.
Demerger of Buchans to Minco Shareholders 

The Boards of Minco plc (“Minco”) and Dalradian Resources Inc. (“Dalradian”) are pleased to announce that they have reached agreement on the terms of the disposal of Minco’s 2% net smelter return royalty on the Curraghinalt gold deposit ("Royalty"), which is currently being developed by Dalradian ("Royalty Disposal").

The Royalty Disposal is being effected by means of a recommended share for share acquisition for the entire issued and to be issued share capital of Minco (the “Offer”) which will be implemented by means of a scheme of arrangement, under Chapter 1 of Part 9 of the Companies Act 2014 of Ireland (“Scheme”).

As part of the Scheme it is also proposed that Minco will undertake a demerger of its wholly owned subsidiary Buchans Resources Limited (“Buchans”) to Minco Shareholders by way of a transfer in specie (the “Demerger”) so that on the completion of the Offer the only asset held by Minco will be the Royalty. Buchans is a Canadian registered company which holds directly or indirectly all of the assets of Minco other than the Royalty.

Following the Scheme and the Demerger, 15,490,666 New Dalradian Shares in total would be issued to Minco Shareholders and Buchans in connection with the Scheme on the following basis. Pursuant to the Offer, Minco Shareholders would be issued 11,618,000 New Dalradian Shares which would be 75 per cent. of the total New Dalradian Shares to be issued in connection with the Royalty Disposal. The balance of the New Dalradian Shares, being 3,872,666 and representing 25 per cent. of the total, would be issued on the basis set out below directly to Buchans, which would then be wholly owned by Minco Shareholders.

In order to implement the Scheme, it will be necessary for the Minco Shareholders to approve a number of resolutions at the Court Meeting and Extraordinary General Meeting.

For more information, please see the announcement dated 1 June 2017.

Buchans, Newfoundland, Canada

Minco’s wholly-owned subsidiary, Buchans Minerals Corporation, has four advanced base metal properties in the Buchans area of central Newfoundland containing numerous exploration prospects. At the core of these properties is the Lundberg copper-zinc-lead deposit, which is the most advanced undeveloped deposit in the district and consists of a large lower grade resource being evaluated for open pit mine development. 

North Pennines, United Kingdom 

The North Pennines Orefield in the north of England is the second largest area of carbonate-hosted lead-zinc mineralization in the British Isles with an extensive history of past production (1700s – 1938). Minco’s exploration project in the North Pennines is centered in the vicinity of Nenthead, the most prolific area of past production within the Pennines Orefield, with potential for disseminated zinc-lead mineralisation within the surrounding historic vein mine workings. 

Moate, Westmeath, Ireland

Minco holds three prospecting licences at Moate in County Westmeath, located along the northwestern margin of the Irish Midland Orefield on the “Tynagh-Ballinalack Trend and centered on a specific geological target with potential for zinc-lead mineralisation of Tynagh Mine type. 

Tatestown, Navan, Ireland

Minco owns a 20% interest (Tara-Boliden 80%) in Prospecting License 1440R in Tatestown, Ireland, located adjacent to Tara-Boliden's Navan mine in Navan Co. Meath. Tara-Boliden has continued exploration of license 1440R to identify further mineralized areas for potential development as satellite deposits for mill feed at its Navan mine.

Curraghinalt, Northern Ireland 

Minco holds a 2% net smelter royalty on the Curraghinalt gold deposit near Omagh, Co. Tyrone, Northern Ireland. The deposit is currently being explored and developed by Dalradian Resources Inc.

New Brunswick, Canada

Minco holds a 100% interest in the Woodstock electrolytic manganese metal (EMM) project located 5 km west of the town of Woodstock and the junction of the Trans Canada and US I95 Highways in west-central New Brunswick.  Minco has completed a positive Preliminary Economic Assessment on the project for a 3,000 tonne per day open pit mining, hydrometallurgical and electrowinning operation, with projected average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal.

Mexico – Zinc and Silver Projects

Through its 26% shareholding in Xtierra Inc. (TSX-V: XAG), Minco participates in the exploration and development of advanced projects in Mexico, including the Bilbao deposit located in the State of Zacatecas in the Central Mexican Mineral Belt, a prolific mineralized belt that has historically generated the bulk of Mexico’s silver production from the early colonial period to the present day and hosts many world class precious and base metal deposits.