A Western Australian junior exploration company is pinning its hopes on a recovery on the price of zinc to restart the Lennard Shelf mine.
Lennard Shelf in Western Australia's far north Kimberley was closed earlier this year with the loss of a couple of hundred jobs.
Meridian Minerals, which bought the mothballed operation, hopes to restart the high grade zinc and lead mine within a year.
Managing director Jeremy Read says he's confident the price of zinc is ready to rebound.
"There have been significant cuts in zinc production globally, and if you look at what's happened in the past, where people have made assesments about production coming back on stream, there always seems to be a very significant lag," he says.
"So that is a factor that should underpin a growth in the zinc price."
Source: ABC
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