Zinc Sulphide
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Pasinex Completes Horzum A.Ş. Share Transfer and Provides Operational Update at Pinargözü Mine
Globenewswire· 2025-12-30 12:30
Core Viewpoint - Pasinex Resources Limited has successfully completed the acquisition of full ownership of Horzum A.Ş., which operates the high-grade Pinargözü Mine in Türkiye, marking a significant milestone for the company as it prepares to advance its operational plans for 2026 [1][6]. Company Updates - The share transfer process for Horzum A.Ş. has been finalized, with all necessary Board resolutions executed and filings completed, resulting in Pasinex Arama holding 100% ownership of Horzum A.Ş. [1] - Following the completion of the share transfer, Horzum A.Ş. will reconstitute its Board of Directors and implement updated governance and operational directives [2]. Operational Progress - Recent activities at the Pinargözü site indicate ongoing operational progress, including the completion of a 10 by 20 metre material loading and sorting area, installation of safety barriers, and renovations to office facilities [3]. - Production at Pinargözü continues, with surface stockpiles of zinc sulphide material increasing to approximately 340 tonnes by late December [4]. Health and Safety - Health, safety, and training initiatives are prioritized, with no reported incidents at the site and ongoing training for mine personnel throughout December [5]. Management Commentary - The Executive Chairman of Pasinex highlighted the importance of completing the Horzum share transfer before year-end, positioning the company to advance its plans at Pinargözü, supported by ongoing site improvements and production [6]. Company Profile - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, with its subsidiary Horzum A.Ş. operating the Pinargözü high-grade zinc mine in Türkiye [9]. - The company also holds a 100% interest in the Sarıkaya Group IV lead-zinc operating license in Kayseri Province, Türkiye, and a 51% interest in the Gunman Project in Nevada [10]. Management Team - Pasinex is led by a seasoned management team with extensive experience in mineral exploration and mine development, committed to exploring and extracting high-grade material while maintaining safety and environmental standards [11].