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FAQs

About the Common Shares

How do I get a Zincore investor package?

An investor package can be obtained through REQUEST MATERIAL.

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How can I buy shares in the IPO?

The IPO is being underwritten by Canaccord Capital Corporation, Raymond James Ltd. and Octagon Capital Corporation. Contact your broker or contact a broker at one of these firms directly.

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How can I contact Zincore investor relations?

Investor relations can be contacted via email at investor relations or by phone at 604-685-4644.

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About Zincore's Shareholders

How can I contact Zincore investor relations?

Investor relations can be contacted via email at investor relations or by phone at 604-685-4644.

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About Zincore

When was Zincore created?

Zincore was formed in September 2005 as a wholly owned subsidiary of Southwestern Resources Corp., the Vancouver-based diversified mineral exploration company to hold its zinc mineral assets. Southwestern Resources remains the largest Zincore shareholder.

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How can I contact Zincore investor relations?

Investor relations can be contacted via email at investorrelations@zincoremetals.com or by phone at 604-685-4644.

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What is Zincore's strategy?

Zincore's key business objective is to become a leading low-cost zinc metal producer. Our initial objective is to advance the Accha-Yanque zinc property in Peru to a development decision through a disciplined process of exploration, drilling and resource definition, and technical studies. We have planned an aggressive program to define NI 43-101 compliant resources and to complete the pre-feasibility study within 12 months. Subject to positive results, a feasibility study will be completed in an additional 18 months.

Zincore's exploration, technical and management teams, along with the Board of Directors, have the skills and experience, including significant Peruvian experience, to advance the zinc properties within this time frame.

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Does Zincore have a plan to grow the company outside of Peru?

Our exploration properties are in Peru, but we are well positioned to acquire additional zinc opportunities due to the exploration data in China we have acquired from Southwestern Resources, and through the relationships we will gain in China, Peru and elsewhere from Southwestern as a key shareholder.

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About Peru

Is Peru a politically safe place for foreign mining companies to do business?

Peru is a democratic republic, governed by an elected congress and an elected president, who serves a five-year term. Peru’s constitution was initially approved by a national referendum in 1993. The constitution was amended in 2000 to prohibit the president from serving consecutive terms. New presidential and parliamentary elections occurred in 2006. Mr. Alan García, the leader of the American Popular Revolutionary Alliance party, a social democrat and previously president of the country from 1985 until 1990, took office on July 28, 2006. Mr. Garcia’s party does not have control of Congress. Mr. Garcia's inaugural speech revealed his intention to attract more investment and maintain the current macro-economic fundamentals.

The Peruvian government has measures in place to attract foreign investment. These include the ability of foreign investors to enter into stability agreements for 10 year terms with the government that guarantee stability with respect to income tax, currency exchange, and non-discrimination against foreign investors.  Locally based companies conducting mining activities can execute stability agreements for 10 to 15 year terms which, in addition to the above features, permit free trade of mineral production and administrative stability respecting validity fees, penalties and other mining related fees.

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Who owns mineral rights in Peru and how do companies gain access to land?

Under Peruvian law, the right to explore for and exploit minerals is granted by way of concessions, which are property rights, independent from the ownership of surface land, even when both belong to the same person. Mineral concessions may be the subject of any transaction or contract, and can be transferred or sold.

The application for mineral concessions involves the filing of documents before the mining administrative authority. Concession holders must pay an annual fee of US$3.00 per hectare and must sustain a minimum level of annual commercial production of US$100 per hectare in gross sales within six years following the grant of the concession failing which penalties will apply.

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Do mining companies in Peru pay royalties?

Mineral concession holders must pay a mineral royalty as consideration for the extraction of mineral resources, payable monthly between 1% and 3% of the value of the ore concentrate or equivalent. The mining royalty payable is determined based on the following rates and spans: (a) under US$ 60 million of annual sales of concentrates: 1%; (b) in excess of US$ 60 million up to US$ 120 million of annual sales: 2% and (c) in excess of US$ 120 million of annual sales: 3%. Royalties are not payable until a company is producing metals.

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About Zinc

What is zinc used for?

Zinc provides the most cost effective and environmentally efficient method of protecting steel against corrosion. In industrialized countries, corrosion costs a nation’s economy around 4% of gross domestic product. This cost is dramatically reduced when steel is galvanized with zinc, which prolongs the life of steel by 500%, based on conservative calculations. Galvanized steel is nearly maintenance free, which also means a considerable cost savings over the lifetime of a steel product. By prolonging the life of steel, zinc helps save natural resources such as iron ore and energy, and extends the life of steel goods and capital investments in steel such as homes, bridges, port facilities, power lines and water distribution, telecommunications and transport.

Zinc is also an essential element that is indispensable for human health and for all living organisms.

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What factors drive the price of zinc?

The zinc demand/supply situation is the key price driver. Demand is generally correlated to the cycle of global industrial production, while metal supply follows investment trends in the industry.

In 2005 the price of zinc rose 55%, and increased a further 81% by the end of August 2006. Price increases have been driven by several factors, including positive supply/demand fundamentals, a shortage of zinc concentrates, a decrease in available stockpiles and investment flows into base metals.

World zinc demand increased between 1994 and 2005 to 10.7 million tonnes, recording a growth rate of about 3.6% per year. China is the largest consumer of zinc, accounting for 23% of global demand in 2005. Growth in demand for zinc is expected to outpace new supply in 2006 and 2007.

Zinc supply comes from two sources: approximately 70% is new mine supply, while 30% is from recycled material. Mine supply has averaged annual growth of 2% to 3% per year since 1990. Despite higher prices, there is still only a modest amount of new capacity on the horizon, and many of the projects under consideration have a high degree of political risk associated with them.