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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 looks to rapid development of Citronen project, lodges site works application

17th Nov 2010, 2:17 pm

Well funded from an $11.5 million capital raising yesterday from an oversubscribed placement, Ironbark Zinc (ASX: IBG) has lodged a site works application for the company's flagship wholly owned Citronen Fjord Zinc-Lead Project in Greenland, with the Mining Act of Greenland.

The application is important for the rapid development of Citronen, the largest undeveloped zinc deposit, as Ironbark looks to fast track the project into production with the commencement of mining targeted in 2013.

Ironbark said in a statement today, final development decision for Citronen will remain subject to numerous risks including stable capital markets, favourable metal prices, a positive feasibility study outcome, access to funding, and the necessary approvals from the Bureau of Minerals and Petroleum – Greenland.

Citronen currently hosts in excess of 10 billion pounds of zinc and lead, with the current JORC compliant resource; 55.8 million tonnes at 6.1% zinc plus lead.

An updated JORC is expected by the company in the short term.

 

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