Additional Information
Market: ASX
Sector: General Mining
EPIC: IBG
Latest Price: A$0.16  (0,00%)
52-week High: A$0.34
52-week Low: A$0.15
Market Cap: A$58.94M
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Ironbark Zinc Limited
www.ironbark.gl

Ironbark is listed on the Australian Securities Exchange (ASX: IBG) and specialises in base metal exploration and development in Greenland and Australia.

Ironbark seeks to build shareholder value through exploration and development of its projects and also seeks to actively expand the project base controlled by Ironbark.  The management and board of Ironbark have extensive technical and corporate experience in the minerals sector.

Ironbark’s key focus is the Citronen Zinc-Lead deposit in Northern Greenland.

Pdf

Ironbark Zinc completes A$11.5m capital raising to develop Citronen in Greenland

16th Nov 2010, 9:38 am

An oversubscribed share placement to raise $11.52 million through the issue of 48 million shares at $0.24 has been completed by Ironbark Zinc (ASX: IBG), issued in one tranche under the company's 15% placement capacity.

The new funds will be used to continue development work on the company’s flagship Citronen Lead Zinc project in Greenland, and for working capital.

Last month Ironbark announced a stunning high grade intercept of; 16 metres at 20.8% zinc, in follow-up drilling at Citronen, with a revised resource incorporating the plus 20,000m of diamond core drilling completed since November 2008, expected in the December quarter of 2010.

Total diamond core drilling on the site up to October 2010 is over 62,000m.

RBS Morgans acted as Lead Manager to the capital raising.

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