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Additional Information
Market: ASX
Sector: General Mining
Epic: IBG
News: Latest news
Web Site: Ironbark Zinc Limited
Other Articles: 02-09-201026-07-201023-07-2010

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Thursday September 09, 04:08Amphion’s Unique Approach to Innovation

Contributor Jon Mainwaring looks at Amphion Innovations, which works closely with select band of cutting-edge pre-IPO companies.

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Thursday September 09, 04:51Enbridge invests up to $24m in U.S. Geothermal's Neal Hot Springs project in Oregon

"This investment is our initial entry into geothermal energy, which we think has an important role to play in North America's shift toward a greener energy production mix," said Enbridge president and CEO Patrick D. Daniel.

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Wednesday September 08, 05:12MetroCoal re-affirms Columboola coal Resource yet to be completed

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.

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Ironbark Zinc Limited

Ironbark Zinc Limited

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.

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Tuesday, September 29, 2009

Ironbark Gold lands Nystar as major investor, to develop Citronen zinc project in Greenland

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World's largest zinc metal producer Nystar has inked a deal with Ironbark Gold (ASX: IBG) to acquire up to 19.9% of the company via a $6.6 million placement at 12.5 cents per share.

Ironbark's Citronen zinc-lead project in northern Greenland has an indicated resource of 29.9Mt @ 5.8% zinc and 0.6% lead and an inferred resource of 25.9Mt @ 5.0% zinc and 0.7% lead.

Jonathan Downes managing director of Ironbark believes Citronen to be one of the world's largest undeveloped zinc resources.

As part of the acquisition agreement, Ironbark has also granted Nyrstar a life of mine off-take agreement, in relation to Ironbark's 35% of the production of the Citronen zinc-lead deposit once commercial production commences. 

Nyrstar believes this could be achieved in the next 3 to 5 years, depending on market conditions.

The placement to Nystar will occur in two tranches, the second in November 2009 will require shareholder approval.

The proximity of the project to supply European smelters would also be favourable to development of the project as would Citronen's positioning on the zinc cost curve, factors not likely to be lost on Nystar.

Nystar was formed on 31 August 2007 through a merger between the zinc alloys operations of the Belgian company Umicore and the zinc and lead smelting operations of the Australian zinc miner Zinifex. It is the world's largest producer of zinc and listed on the Euronext Brussels stock exchange. 

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