Sign up Australia
Proactive Investors - Run By Investors For Investors

Ironbark Zinc progressing development and financing at Citronen Zinc Project

The company is working with an advisor to structure and secure project financing.
zinc on periodic table
A Perth broker has a target price of 26 cents for the company

Ironbark Zinc Ltd (ASX:IBG) remains focused on the development of its world-class 100% owned Citronen Zinc Project in Greenland.

The company will take a ship to Citronen in August this year to transport essential equipment and fuel to site.

Site activities are planned to commence this year including a portal and decline drive towards the first underground ore source, the Beach Zone.

READ: Ironbark Zinc’s major shareholder increases stake on-market

The Citronen project hosts one of the world’s largest zinc deposits and is being advanced during a period of rising zinc prices.

Citronen is adjacent to water and consists of simple, flat and continuous ore zones that form a large-scale zinc and lead JORC 2012 resource.

The resource stands at 132 million tonnes grading 4.4% zinc and lead, equivalent to 12.8 billion pounds of zinc making it a genuine tier one base metal resource.

Well-funded to pursue activities

Ironbark held a cash position at the end of the March 2018 quarter of about $6 million with no debt.

This places Ironbark in a strong position to aggressively progress the financing and development activities.

View full IBG profile View Profile

Ironbark Zinc Ltd Timeline

Related Articles

July 13 2018
AfriTin listed on AIM with plans to position itself as the African tin champion
August 02 2018
Shefa Yamim has a highly prospective gemstone project in Israel
September 27 2018
Vanadium has outperformed the market significantly over the past three years, and Anglo Pacific is benefittng

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use