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

Market: ASX
Market Cap: $9.2 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...

on 3/9/18

2 min read