NorZinc provides results for third quarter 2019

7 November 2019

NorZinc Ltd. reports its interim financial results and development activities for the third quarter ended September 30, 2019. (“Q3 2019”). (All amounts are in Canadian dollars unless otherwise stated. M = million).
Q3 2019 Results & Recent Highlights

Financial and Corporate

RCF to purchase 1% royalty on Prairie Creek Mine for $8 million, subject to shareholder approval

Existing royalty holder waives right of first refusal
Special Meeting to approve RCF royalty to be held November 18, 2019

RCF agrees interim short-term loan of $7.9 million (Sep)
Retained specialist in concentrated marketing, transportation and logistics
Cash at September 30, 2019 - $3.45 million (Sep)
Loss for Q3 2019 - $5.13 million (Sep)

Prairie Creek Site, Permitting and Indigenous Groups

Site activities concentrated on

refurbishing the mobile fleet,
administration building renovations,
sewage treatment plant upgrades and
clearing the site in support of 2020 laydown areas (Q3)

Road building contractor RFP issued and contractors short-listed (Sep)
Planning and scheduling winter road construction for Q1 2020 (Sep & Oct)
Negotiation of EPCM contract with Ausenco initiated (Sep)
Draft ASR permits issued by MVLWB and Parks Canada (Aug)