Zenith Minerals : Interim Financial Report 31 December 2021

About this update from Zenith Minerals Limited

For personal use only Consolidated Interim Financial Report of Zenith Minerals Limited ABN 96 119 397 938 for the Half-Year Ended 31 December 2021 Zenith Minerals Limited For personal use only Contents Corporate Information............................................................................................................... 1 Directors' Report ....................................................................................................................... 2 Auditor's Independence Declaration......................................................................................... 12 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income .... 13 Condensed Consolidated Statement of Financial Position ...................................................... 14 Condensed Consolidated Statement of Changes in Equity .................................................... 15 Condensed Consolidated Statement of Cash Flows .............................................................. 16 Notes to the Condensed Consolidated Financial Report ........................................................ 17 Directors' Declaration ............................................................................................................... 25 Independent Auditor's Review Report...................................................................................... 26 For personal use only Zenith Minerals Limited Corporate Information Directors Michael J Clifford - Director & CEO Stanley A Macdonald - Non-Executive Director Julian D Goldsworthy - Non-Executive Director Company Secretary Nicholas Ong Chief Financial Officer Nicholas Bishop Registered Office and Principal Place of Business Level 2, 33 Ord Street WEST PERTH WA 6005 PO Box 1426 WEST PERTH WA 6872 Telephone: +61 8 9226 1110 Email: [email protected] Website: www.zenithminerals.com.au Auditors PKF Perth Level 4, 35 Havelock Street WEST PERTH WA 6005 Telephone: +61 8 9426 8999 Facsimile: +61 8 9426 8900 Share Registry Automic Group Level 5, 126 Phillip Street SYDNEY NSW 2000 Level 5, 191 St Georges Terrace PERTH WA 6000 GPO Box 5193 SYDNEY NSW 2001 Telephone: 1300 288 664 (Within Australia) +61 2 9698 5414 (Overseas) Email: [email protected] Website: www.automicgroup.com.au/ Securities Exchange Listing Australian Securities Exchange Home Exchange: Perth, Western Australia ASX Code: ZNC - 1 - Zenith Minerals Limited Directors' Report only The Directors of Zenith Minerals Limited ("The Company") and subsidiaries ("Consolidated Entity") submit herewith the Interim Financial Report for the half-year ended 31 December 2021. In order to comply with the provisions of the Corporation Act 2001, the Directors' report is as follows: Directors The names of the Directors of the Company during the whole of the half-year and up to the date of this report, unless therwise stated are: Peter J Bird Michael J Clifford use Stanley A Macdonald Julian D Goldsworthy Graham D Riley Company Secretary Nicholas Ong Executive Chairman (resigned on 30 October 2021) Director & CEO Non-Executive Director Non-Executive Director Non-Executive Director (resigned on 30 November 2021) Review of Operations personal In the half year to 31 December 2021, the Company continued to progress its core precious and base metal projects nd refine its portfolio: For - 2 - Figure 1: Zenith Core Project Locations Zenith Minerals Limited onlyuse personal Post the half-year period the Company announced the Zenith Lithium Joint Venture a major new venture with the EV Metals Group (EVM) - refer to ASX Release 13-Jan-22. Zenith plans to refocus on lithium, and related EV-metals, backed by EVM. To allow the Zenith team to focus on EV-metal project generative activities, it is planned that the non-EV-metal projects, including base metal and gold assets will be demerged into one or more new companies to be listed on ASX. Any such demerger will be subject to ZNC Board approval, tax advice favourable to the Company, shareholder, ASX, ASIC and other regulatory approvals. ZNC shareholders to benefit by way of an in-specie distribution of the shares in the new listed vehicle/s. Further updates and information on the demerger will be provided by Zenith in due course. For - 3 - This is an excerpt of the original content. To continue reading it, access the original document here .

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