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Ironbark Zinc non-executive director Danny Segman purchases more shares in the company

Segman’s buying of company shares is the latest in a series of purchases for the non-executive director over recent months.

Ironbark Zinc Ltd - Ironbark Zinc non-executive director Danny Segman purchases more shares in the company
Segman now holds 151,091,607 shares in the company

Ironbark Zinc Ltd (ASX:IBG) non-executive director Danny Segman has purchased 993,607 shares in the company.

The indirect purchase via Toronga Pty Ltd (an entity in which Segman has a beneficial interest) brings Segman’s total securities to 151,091,607 shares.

This comes after Segman recently purchased 681,127 shares in the company through on-market purchases.

Segman is one of four board members and has a background in banking, construction and property development, and hotel operation.

Citronen Base Metals Project

The company remains focused on advancing the development of the flagship Citronen Base Metals Project in Greenland.

Citronen is one of the world’s largest undeveloped zinc deposits and is at an advanced post-feasibility stage.

The project was been granted an Exploitation Licence in 2016, which is equivalent to a mining licence in Australia and offers a rare scale and grade combination with a long mining life in a unique jurisdiction.

30-year mining lease

Ironbark 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.

Notably, 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.

Quick facts: Ironbark Zinc Ltd

Price: 0.012 AUD

ASX:IBG
Market: ASX
Market Cap: $11.04 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

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