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.