Canada's next Zinc Mine in ontario

Highest Grade Zinc Development Project in Canada.🍁


2021 October Feasibility Study

Zn= $1.22/lb Cu= $3.30/lb Au= $1,635/oz Ag= $21.00/oz  
Zn= $1.22/lb 
Cu= $3.30/lb 
Au= $1,635/oz 
Ag= $21.00/oz  


After Tax IRR

$126M (CAD)

After Tax NPV8



Updated Results  

Based on Figures From Metallum Resources Press Release: May 17, 2022 

Zn = $1.65/lb Cu= $4.22/lb Au= $1,845/oz Ag= $21.60/oz  
Zn = $1.65/lb 
Cu= $4.22/lb 
Au= $1,845/oz 
Ag= $21.60/oz  


After Tax IRR

$287M (CAD)

After Tax NPV8



 Metallum Resources 

Investment Highlights

Highest Grade Zn 

Highest grade Zinc development project in Canada and one of the highest globally. (18% Zn and 1% Cu). *With precious metal credits. 

100% Renewable Zinc Mine

MZN is fully committed to operating sustainable Zinc & Copper Mine: Powered by 96% non-carbon emitting electricity, launching next carbon-free mine.

Feasibility Study

LOM annual EBITDA of CAD $102 M, very low Capex and Opex and Short term payback. *based on May 17 PR

Lowest Market Cap 

Upside potential of 10x given the quality of the asset, and peer review.

Desired Location

Low risk location with easy access to highway (20km by connected road), railway station (27km), and ports (150km).


Highly experienced leadership team of mining executives and operators with a track record of de-risking and delivering.

Here’s what people are saying about Metallum Resources

"Metallum's Superior Deposit , at a spectacular 18% zinc, will be a key economic driver for Northwestern Ontario, and at the same time be a major contributor of zinc metal for the steel industry.”


John Mason 

Thunder Bay Community Economic Development Commission

We have the skilled labour, railway station and most of the supporting infrastructure very close to the Project. We are very excited about the future development of the Superior Lake Project and will support Metallum to advance this Project into production."

Kevin Mullin

Mayor of Schreiber

Critical minerals will become part of the future of clean steel, batteries and hybrid and electric vehicles as the next generation of automobiles are built-in Ontario… and sold across North America and the world"

Financial Post 

Doug Ford’s government said in statement

We are producing materials considered critical for the clean and digitized economy.

New zinc battery technology shows promise as a cheaper alternative to lithium batteries to store renewable energy like wind or solar. Zinc also protects steel against weather and corrosion, producing brass and bronze, and in die-casting to produce a wide range of metal products. Zinc can increase crop yields and crop quality. And, as an essential nutrient in human development and disease prevention.

Copper is essential for energy storage, electrical propulsion (e.g. electric vehicles), and renewable energy. As the adoption of wind and solar technologies grows, so will the need for copper

Sustainability Highlights

  • 100% Responsible production
  • Indigenous partnerships & representation  
  • 190 Direct local jobs + 3x more supporting jobs
  • Forecasted increase of 500+ local jobs
  • 96% non-carbon emitting power
  • Safe tailings management with active treatment plant on site
  • Net-Zero Climate Strategy
  • Workplace diversity 

Our Industry Partners Include:

Latest News

February 17, 2023

Metallum Resources Inc. (TSXV:MZN; OTCQB:MTLLF) (“Metallum” or the “Company”) is pleased to provide an update, further to its news releases dated October 19, 2022, December 6, 2022 and February 8, 2023 (the “Previous News Releases”), on its proposed transaction with Waroona Energy Pty Ltd (“Waroona”), which will result in the reverse takeover of the Company

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February 8, 2023

Metallum Resources Inc. (TSXV:MZN; OTCQB:MTLLF) (“Metallum” or the “Company”) is pleased to announce that further to its news releases dated October 19, 2022 and December 6, 2022 (the “Previous News Releases”), the Company plans to issue up to 150,000,000 subscription receipts (each a “Subscription Receipt”) at a price of $0.06 per Subscription Receipt (the “Offering

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December 8, 2022

Metallum Resources Inc. (TSXV:MZN; OTCQB:MTLLF) (“Metallum” or the “Company”) is pleased to announce that further to its news release dated October 19, 2022 (the “Initial News Release”), the Company has entered into a definitive share exchange agreement dated December 6, 2022 (the “Definitive Agreement”) with Waroona Energy Pty Ltd (“Waroona” or “Target”), SE Waroona Development

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October 19, 2022

Metallum Resources Inc. (TSXV:MZN; OTCQB:MTLLF) (“Metallum” or the “Company”) is pleased to announce that it has entered into a non-arm’s length letter agreement to acquire Waroona Energy Pty Ltd (“Waroona”) which owns 100% of an advanced solar energy project located in Western Australia. HIGHLIGHTS Metallum has entered into an agreement to acquire 100% of Waroona

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