Ironbark Zinc
Ironbark Zinc (ASX:IBG) is focused on base metal exploration and development in Greenland and Australia. The company's project portfolio includes the Citronen Zinc Project, one of the world's largest undeveloped zinc resources, in Greenland and four base metal and gold exploration licences in New South Wales.
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Ironbark Zinc progresses Citronen bankable feasibility study for completion in 2021
Ironbark Zinc Limited (ASX:IBG) is progressing towards the bankable feasibility study for its 100%-owned Citronen zinc-lead project in Greenland, with most of the heavy lifting already completed.
A large investment has been made by the company during this year in updating, upgrading and de-risking the development plan, with the geology, mining and ESG up to date.
The metallurgical performance and process flowsheet is being refined and de-risked while the definitive logistics plan (port, shipping, personnel, construction, etc) will resolve issues that have been under-studied historically.
Mine plan improved
The company has improved the mine plan, with a major increase in zinc metal recovery in the early years.
This plan is also more robust, considering a lowered zinc price assumption to US$1.20 per pound and the mine development now including twin production declines.
Ironbark has also confirmed as viable a 3.3 million tonnes per annum run rate and a 14-year mine life with a maiden ore reserve of 21.6 million tonnes at 6.3% zinc equivalent.
An additional 90,000 tonnes of zinc metal will be produced in the first six years of operation, substantially improving early cashflow.
Notably, the binding offtake agreements for ~LOM metal production remain in effect.
Other Ironbark Zinc news
- Ironbark Zinc executes buyback of life-of-mine production royalty at Citronen Project in northern Greenland
2021-02-02 - Ironbark Zinc strengthens balance sheet through range of initiatives with Greenland Government
2020-05-18 - Ironbark Zinc director Danny Segman acquires shares on-market worth more than $30,000
2020-01-10 - Ironbark Zinc director Danny Segman builds holding through further on-market purchases
2019-11-08 - Ironbark Zinc’s Danny Segman continues to buy stock on-market
2019-08-01
