30 Aug Financiers register interest in Ironbark Zinc’s giant Greenland project
ASX-listed miner Ironbark Zinc has received expressions of financial interest from investors after hosting a series of site visits at its Citronen Zinc-Lead Project in Greenland.
The company said it was pleased with the calibre of groups represented, which included potential investors, private equity groups, bankers, equipment suppliers and mining operators.
Ironbark has also broken ground at the site of the giant Citronen project, which is one of the world’s largest undeveloped zinc-lead deposits with a JORC Resource of 132 million tonnes at 4.4% zinc and lead grading.
A feasibility study was completed in September 2017, which targeted a 14-year mine life where 180,000 tonnes a year of zinc and 25,000 tonnes per annum lead would be produced for the first five years.
One of the Ironbark’s key aims during the visits was to impress potential investors with the open-ended nature of the mineralisation and the exploration target of 302-347 million tonnes.
Visitors were also shown the proposed decline area, tailings dam and various other infrastructure plans.
Ironbark’s largest shareholder is Switzerland-based Nyrstar NV – the world’s largest smelting house. Glencore is also a major shareholder in the company.