About Minco, Plc - Description of the Business

Minco is a London listed (AIM Market: MIO) mining exploration and development company engaged in zinc exploration in Ireland in a joint venture with Xstrata Zinc and with investments in base metal and silver projects in Mexico through an investment (60%) in Orca Minerals Limited which has recently applied for listing on the TSX Venture Exchange in Toronto under the new name XTIERRA Resources Ltd. The company’s management has an established track record of discovering, developing and operating mines world-wide and this expertise is directed to turning Minco into a production and holding company.

Minco's Strategy

Minco’s goal is to become a significant zinc producer mainly through the advancement of its projects in Ireland but also seeking other advanced stage projects in other locations around the world. 

Minco's strategy is to develop projects that meet pre-defined criteria, which include the ability to achieve near-term production. Minco’s criteria are rigorous and include: 

Minco's Major Mining Projects

Pallas Green Zinc, Ireland

Minco’s owns 23.6% of the Pallas Green exploration project in joint venture with Xstrata Zinc, which runs the project.  The Pallas Green licences, totalling  294 square  kilometres, are located on the southern boundary of the Irish Midland orefield between Limerick and Tipperary.  Drilling to date has resulted in the discovery of two small sulphide lenses at Castlegarde and of three major zinc sulphide lenses at Tobermalug, Caherconlish South, and Srahane West. Recent drilling in borehole 636-55 encountered an intersection of  2.25 metres at an average grade of 25.8% zinc and 8.7% lead.

Mexican Zinc and Silver Projects

Through its 60% interest in Orca Minerals Limited (to become XTIERRA Resources Ltd.), Minco participates in the exploration and development of two advanced projects, Bilbao and Laguna, as well as a very extensive exploration portfolio focused on the Central Mexican Silver Belt within the States of Zacatecas and San Luis Potosi.

Minco's Management Team

Minco has an experienced management team, both at the operating level in Mexico as well as performing the headquarter roles expected of listed public company directors. During early 2005 a dedicated Mexican management team was recruited to enable Minco to continue to develop its business there.

Last updated 23 July 2007