Very Low LeverageMinimal debt materially reduces financial distress risk for an exploration company. Low leverage preserves optionality to raise project finance or structure farm-ins without heavy interest burdens, supporting longer-term project advancement even through episodic cash needs.
Focused Base‑metals StrategyA clear focus on zinc, lead and silver builds technical expertise and repeatable workflows for target geology. This specialization improves the odds of efficient exploration, makes the company a clearer partner for farm‑outs/offtake, and supports strategic optionality as projects mature.
Lean Operating StructureA very small headcount limits fixed overheads and concentrates spend on exploration activity. For a pre‑production explorer, a lean cost base helps extend runway per capital raise and can improve capital efficiency when paired with disciplined project prioritisation and partner funding.