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Ironbark Zinc director Danny Segman shows further confidence in the company

The purchase increases Dulyne’s holding in the base metals company to 66 million.

Ironbark Zinc Ltd - Ironbark Zincs' non-executive director Danny Segman shows further confidence in the company
Segman has an indirect interest in IBG through Dulyne

Ironbark Zinc Ltd (ASX:IBG) non-executive director Danny Segman continues to show his confidence in the company with the purchase of 1.48 million shares on-market.

On January 10 Segman's indirect interest Dulyne Pty Ltd acquired the shares worth a total of almost $18,000 which increased the holding to 66 million.

This move follows the on-market purchase made on January 10 where more than 2.5 million shares were purchased after 87,001 shares were purchased on January 2 and 3.

Another indirect interest associated with Segman, Toronga Pty Ltd, holds 65.5 million securities.

Focus on Citronen project

On December 31 Dulyne also purchased 908,183 shares at a value of more than $11,000 as the company reaffirmed its focus on the flagship Citronen Zinc-Lead Project in Greenland by trimming its exploration tenure.

The company has relinquished seven exploration licences in Greenland that had a minimum annual required expenditure commitment of $3.95 million.

Ironbark now retains a single Greenland licence covering Citronen and three licences in New South Wales.

This means Ironbark can refocus its funds towards developing the Citronen project.

Quick facts: Ironbark Zinc Ltd

Price: 0.013 AUD

ASX:IBG
Market: ASX
Market Cap: $11.97 m
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