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Ironbark Zinc Ltd

Ironbark Zinc appoints Danny Segman as non-executive director

The board looks forward to working with Segman as the company progresses through the financing stage of its Citronen Base Metals Project.

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Ironbark substantial holders Toronga Pty Ltd and Dulyne Pty Ltd recently purchased 14.5 million shares, bringing their total holding to 94.5 million

Ironbark Zinc Limited (ASX:IBG) has appointed Danny Segman as non-executive director of the company.

The company’s board welcomed Segman, who has a strong and successful background in banking, construction, property development, hotel operation and brings a broad range of business acumen to Ironbark.

READ: Ironbark Zinc substantial shareholders lift combined interest to 13.2%

Segman holds about 13.77% of the issued capital of Ironbark.

At the end of the March quarter Ironbark held $1.05 million cash on hand with no debt, having spent $664,000 on exploration and evaluation work.

This work included completing a HeliSAM electromagnetic (EM) survey over the large Jerangle prospect at the Captains Flat Base Metal Project in NSW, which identified anomalies in several adjacent loops.

READ: Ironbark strives to become major mine operator with steady March quarter progress

The company also expanded its tenement holding at the Citronen project area in Greenland last year and now controls the district which places Ironbark in a strong position moving forward.

Quick facts: Ironbark Zinc Ltd

Price: $0.02

Market: ASX
Market Cap: $16.91 m
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