Zinc of Ireland NL reported steady progress across its Irish and Australian projects in Q3 2025, with significant geochemical and geophysical surveys underway and drilling completed at Mt Clere awaiting assay results.
- Geochemical and gravity surveys at Rathdowney’s Kildare block nearing report delivery
- Two drill holes completed at Mt Clere intersected broad sulphide zones, assays pending
- Stable portfolio of 23 prospecting licenses maintained in Ireland
- Murchison Gold Project license application remains pending
- Cash reserves at approximately A$0.5 million with ongoing evaluation of new resource opportunities
Exploration Momentum in Ireland
Zinc of Ireland NL (ASX – ZMI) has continued to build on its exploration foundation in Ireland’s Rathdowney Trend during the third quarter of 2025. The company completed extensive geochemical sampling and gravity surveys at the Kildare Prospecting Licence block, with over 750 samples and 800 gravity station readings collected year-to-date. These efforts aim to refine drill targets for zinc, lead, and germanium mineralisation, with consultant reports expected imminently. The company’s strategic focus on consolidating its landholding has seen its portfolio reduced from 73 to 23 licences, concentrating efforts on the most prospective areas.
Drilling at Mt Clere – Visible Sulphides Await Assays
In Western Australia, Zinc of Ireland completed a two-hole diamond drilling program at the Robin 21 geophysical anomaly within the Mt Clere Project. Both holes intersected broad sulphide haloes, including pyrite, pyrrhotite, and chalcopyrite, within favourable stratigraphy. While visual logging indicates promising mineralisation, laboratory assays are pending and expected in the second quarter of 2026. Follow-up exploration plans, including potential downhole geophysics and step-out drilling, remain under review as the company assesses the next steps.
Murchison Gold Project and Canadian Interests
The Murchison Gold Project in Western Australia remains in the application phase, with the exploration licence still pending. This project targets shear-hosted orogenic gold along a major regional fault structure near existing gold operations. Meanwhile, Zinc of Ireland is finalising the return of approximately CAD$73,000 in licence deposits from its previously held Superior LCT Project in Manitoba, Canada, following the surrender of exploration tenements in 2024.
Financial Position and Corporate Outlook
As of 30 September 2025, Zinc of Ireland reported cash reserves of approximately A$0.5 million. The company recorded a net cash outflow of A$761,000 for the quarter, primarily driven by exploration activities. Director fees and consultancy payments amounted to A$82,000. The board remains confident in its ability to secure additional funding as required and continues to evaluate complementary resource projects for potential acquisition. An annual general meeting is scheduled for late November 2025, where further updates are anticipated.
Overall, Zinc of Ireland is methodically advancing its exploration programs while managing a lean financial position. The pending assay results from Mt Clere and forthcoming geophysical reports from Rathdowney will be critical in shaping the company’s near-term strategy and investment appeal.
Bottom Line?
With assay results and licence approvals pending, Zinc of Ireland’s next quarter will be pivotal in defining its exploration trajectory and funding needs.
Questions in the middle?
- What will the assay results from Mt Clere reveal about the potential scale and grade of mineralisation?
- How will the pending Murchison Gold Project licence impact Zinc of Ireland’s Australian exploration portfolio?
- What strategies will the company employ to bolster its cash reserves amid ongoing exploration expenditures?