Ironbark Zinc Limited: Becoming a Major Base Metal Miner
11.05.2017 | ABN Newswire
Perth - Ironbark Zinc Ltd. (ASX:IBG) (OTCMKTS:IRBGY) is pleased to provide the Company's latest Presentation.Developing the Citronen Zinc Project
- One ofthe largest Zinc Projectsin the world
o 12.8 Billion pounds of zinc defined-Open ended resource
o Exploration target 302-347Mt @ 4.4-5.0% zinc+lead
o High grade zones fromdrill holes such as 16m @ 20.8% zinc
- 100% ownership of Advanced Project
o Over $50M expended to date on the Citronen Project
o Low sovereign risk and supportive Government
- Bankable Feasibility Study completed, confirming world class scale
o Potential for long life base metal mining operations
o Simple process flow sheet with excellent recoveries
- Mining Licence Recently Granted (Exploitation Permit -Dec 2016)
o Right to exploit zinc and lead resources for a 30 year period
- Financing and Engineering works commenced with major Chinese Firm
o China Nonferrous (SHE:000758) (NFC) appointed to incorporate current Chinese equipment and construction costs
o Prepare study to comply with Chinese banking requirements
o Ensure criteria meets the laws, regulations, standards and codes of both Greenland and China
o Assist Ironbark in securing Chinese project debt for the development of Citronen under the pre-existing MOU with NFC
Advanced Towards Development -China Nonferrous (NFC)
- Agreement (January 2017) with China Nonferrous Major step towards advancing Citronen project Financing and Construction
o Incorporating current Chinese equipment and construction costs
o Financing work commenced -Prepare Feasibility Study to comply with Chinese banking requirements
o Ensure criteria meets the laws, regulations, standards and codes of both Greenland and China
o Assist Ironbark in securing Chinese project debt for the development of Citronen under the pre-existing MOU with NFC
- NFC -Major Chinese construction/engineering firm listed on the Shenzhen Stock Exchange (50,000 employees)
- Ideal Partner from a development and funding perspective
- Globally operates many mines and processing plants including zinc mines and smelters
- NFC rated by US authoritative publication, the Engineering News Record as one of the world's top engineering firms
- Major fabrication facilities
- Experience constructing and operating zinc mines, process plants and smelters.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/HF1T6M2B
About Ironbark Zinc Limited:
Ironbark Zinc Ltd. (ASX:IBG) (OTCMKTS:IRBGY) is listed on the Australian Securities Exchange and is seeking to become a base metal mining house. Ironbark seeks to build shareholder value through exploration and development of its projects and also seeks to actively expand the project base controlled by Ironbark through acquisition. The management and board of Ironbark have extensive technical and corporate experience in the minerals sector. The wholly owned Citronen base metal project currently hosts in excess of 13.1 Billion pounds of zinc (Zn) and lead (Pb). Full details refer to ASX announcement 25 November 2014 - Citronen Project Resource Update - JORC 2012 compliant resource.
Contact:
Ironbark Zinc Ltd.
T: +61-8-6461-6350
F: +61-8-6210-1872
www.ironbark.gl