Zinc of Ireland NL reported steady progress in its December 2025 quarter, highlighting sulphide intersections at its Mt Clere base metals project and ongoing geophysical work in Ireland’s Rathdowney Trend. The company ended the quarter with A$0.3 million cash on hand while actively evaluating new opportunities.
- Two drill holes completed at Mt Clere intersecting broad sulphide zones
- Stable portfolio of 23 prospecting licences maintained in Ireland’s Rathdowney Trend
- Pending exploration licence application for Murchison Gold Project in Western Australia
- Returned CAD$73k deposit fees from surrendered Manitoba tenements
- Cash balance of approximately A$0.3 million at quarter end with ongoing cost management
Exploration Momentum at Mt Clere
Zinc of Ireland NL (ASX – ZMI) wrapped up 2025 with notable exploration activity at its Mt Clere Project in Western Australia. The company completed two diamond drill holes totalling nearly 1,140 metres targeting the Robin 21 geophysical anomaly. Both holes intersected broad sulphide haloes, including pyrite, pyrrhotite, and chalcopyrite, within prospective stratigraphy. While these visual sulphide zones are encouraging, assay results remain pending, and the company is reviewing options for further geophysical interpretation and follow-up drilling.
Steady Progress in Ireland’s Rathdowney Trend
In Ireland, ZMI’s Rathdowney Zinc-Lead Project continues to be a core focus. The company maintained its portfolio of 23 prospecting licences along the highly prospective Rathdowney Trend, home to the flagship Kildare deposit and historic mines like Lisheen and Galmoy. During the quarter, ZMI concentrated on integrating 2025 ground geophysical and geochemical data with historic datasets to refine drill targets. Although no fieldwork was conducted this quarter, the groundwork sets the stage for future drilling campaigns.
Murchison Gold Project Licence Pending
ZMI’s application for an exploration licence covering 33.5 square kilometres in Western Australia’s Murchison Greenstone Belt remains pending. The project targets shear-hosted orogenic gold along the Big Bell Fault extension, near significant milling infrastructure and established gold operations. The company is completing desktop studies and stakeholder engagement in anticipation of licence grant, with plans for reconnaissance mapping and sampling to follow.
Corporate and Financial Position
Financially, Zinc of Ireland ended the quarter with approximately A$0.3 million in cash. The company reported ongoing exploration and evaluation expenditure of around A$180,000 for the quarter. It also received a CAD$73,000 refund from the surrender of its Manitoba tenements, closing out that Canadian position. Director fees and consultancy payments were made on normal commercial terms. The board remains vigilant on cash management and continues to evaluate complementary projects and potential acquisitions to bolster its portfolio.
Looking Ahead
With visual sulphide intersections at Mt Clere and ongoing data integration in Ireland, Zinc of Ireland is positioning itself for targeted drilling campaigns in 2026. The pending Murchison licence could add a new dimension to its exploration portfolio if granted. However, the company’s modest cash reserves underscore the importance of prudent capital management and potential future fundraising to sustain its exploration ambitions.
Bottom Line?
Zinc of Ireland’s exploration advances are promising, but upcoming assay results and licence approvals will be critical to sustaining momentum amid tight funding.
Questions in the middle?
- When will assay results from the Mt Clere drill holes be released, and what grades might they reveal?
- What is the timeline and likelihood for granting the Murchison Gold Project exploration licence?
- How does Zinc of Ireland plan to address its limited cash reserves to fund ongoing and future exploration?