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ZYL Limited
 
Company Announcement: Market Update
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22nd June 2011
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Attached please find a press release on: The Directors of emerging metallurgical coal producer ZYL Limited (ZYL or the Company) wish to provide shareholders with an update on the Company’s recent activities.

ZYL, with its legal advisers in Australia and South Africa, continues to work towards satisfying the pre conditions determined by the ASX for the reinstatement of the Company’s securities. The Section 11 transfer of the Prospecting Right and the grant of the Mining Right for the Kangwane metallurgical coal project (the Project) are currently being finalised. These are expected to expedite the future development of the Project as the Company progresses with the BFS.

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