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Ironbark Zinc Ltd

Ironbark Zinc in trading halt pending the release of case hearing update

The case hearing is between the company and Glencore International AG.

Ironbark Zinc Ltd - Ironbark Zinc
The company said it expects to release the result of the case hearing

Ironbark Zinc Ltd (ASX:IBG) has been granted a trading halt by the ASX pending the release of information regarding its case hearing with Glencore.

Shares in the company will remain halted until either, the release of the relevant information, or, the commencement of trading on Thursday, 8 August, 2019.

Today's trading halt follows news yesterday that non-executive director and major shareholder Danny Segman has purchased company shares on-market.

READ: Ironbark Zinc’s Danny Segman continues to buy stock on-market

Segman's purchase yesterday is one of many recent purchases he has made of company shares over the past months.

Yesterday's purchase was for 500,000 shares totalling $7,542 and increased his holding to 115 million shares.

Ironbark continues to progress development options for its flagship Citronen Base Metals Project in Greenland.

The company recently commenced a study evaluating a less capital intensive, high-grade starter mine operation targeting a 1 million tonnes per annum (Mtpa) production rate.

Quick facts: Ironbark Zinc Ltd

Price: $0.02

Market: ASX
Market Cap: $17.76 m
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Ironbark Zinc demonstrates 'proof of concept that derisks the project in a...

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