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Ironbark Zinc director Danny Segman buys more shares on-market

Ironbark has appointed Michael Jardine as its new managing director with effect from September 23.

Ironbark Zinc Ltd - Ironbark Zinc director Danny Segman buys more shares on-market
Frederick Hess appointed as chairman last week

Ironbark Zinc Ltd’s (ASX:IBG) non-executive director and major shareholder Danny Segman has made yet another purchase of company shares through on-market trades.

A disclosure document lodged on the ASX this morning revealed Segman purchased 1.5 million shares for $28,656 in yesterday’s trading session.

This increases his overall holding in the company to 116.5 million shares.

Management and board changes

Ironbark appointed Michael Jardine as its new managing director with effect from September 23 following last week's appointment of Frederick Hess, former PanAust Ltd managing director, as chairman.

“Strong commercial and corporate expertise”

Newly appointed chairman Fred Hess said: “Mr Jardine is a welcome addition to Ironbark as the company seeks to reinvigorate the development of its flagship Citronen Zinc-Lead Project in Greenland.

“He brings strong commercial and corporate expertise in a range of areas that are both highly relevant to the challenges facing the company and complementary to the existing team, including Jonathan Downes as he transitions to a non-executive director role.”

World-class zinc mine

The new managing director said: “I am very pleased to be taking on this role at a key stage in Ironbark’s development journey.

“Leveraging off the many years of strong technical work completed to date at Citronen, and indeed the other projects held by the company, I am excited by the challenge of helping build what will be a world-class zinc mine.”

Quick facts: Ironbark Zinc Ltd

Price: 0.014 AUD

ASX:IBG
Market: ASX
Market Cap: $12.88 m
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Ironbark Zinc demonstrates 'proof of concept that derisks the project in a...

Jonathan Downes, managing director of Ironbark Zinc Ltd (ASX:IBG), speaks to Proactive Investors about development of the Citronen Zinc-Lead Project in northern Greenland, as the emerging producer announces hitting the milestone of demonstrating shipping access. A mining services...

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