logo-loader
viewIronbark Zinc Ltd

Ironbark Zinc non-executive director shows confidence in the company with purchase of shares on-market

The company is focused on improving its mine plan, processing methods and environmental, social governance at its zinc-lead project in Greenland.

Ironbark Zinc Ltd - Ironbark Zinc shows confidence in the company with the purchase of shares on-market
70% of the project’s offtake has been pre-sold to Glencore and Nyrstar

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

Segman acquired 7 million shares worth $49,269.50 on March 12.

Citronen 'a rare scale project'

The company is confident its 100%-owned Citronen Zinc-Lead Project in Greenland offers a rare scale and grade combination with a long mining life in a unique jurisdiction – and plans to make the most of it.

The company considers Citronen the ‘jewel in the crown’ because the project has a 30-year mining lease and has 18 million tonnes at 8.24% zinc and lead% with 14 million tonnes in measured and indicated resources.

The high-grade zone is within a significantly larger resource of 132 million tonnes at 4.5% zinc and lead% with potential for further regional exploration.

Previous diamond drilling by the company over 67 kilometres resulted in 73% of holes hitting a minimum of 2 metres at 3.5% zinc - and many geophysical and structural targets remain untested.

Quick facts: Ironbark Zinc Ltd

Price: 0.01 AUD

ASX:IBG
Market: ASX
Market Cap: $9.2 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ironbark Zinc Ltd named herein, including the promotion by the Company of Ironbark Zinc Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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...

on 3/9/18

2 min read