Ironbark Zinc Ltd has secured the services of a 30,000-tonne cargo ship to sail to its flagship Citronen base metal project site in Greenland next month.
The company continues to advance discussions with potential project financiers.
Citronen zinc project
By sailing the ship to the project, Ironbark will validate a commercial shipping route to Citronen, one of the world’s largest undeveloped zinc projects.
Ironbark continues to remain heavily focused on securing project financing for Citronen.
The Citronen project’s data room has been open to potential investors for several months and continues to receive encouraging levels of interest from a broad range of investors.
Several customary site visits will be facilitated this year as part of the due diligence process for potential financiers.
Minor site works
Ironbark will be commencing minor site works, fuel delivery and servicing of the plant and equipment on site.
Detailed portal and decline engineering plans have been drafted to allow Ironbark to commence activities this year including a portal and decline drive towards the first and highest grade underground ore source, the Beach Zone.
This will support the proposed 2019 construction and mining plans.
Importance of the Project
The Citronen project hosts one of the world’s largest zinc deposits.
Citronen is adjacent to water and consists of simple, flat and continuous ore zones that form a large-scale zinc and lead JORC 2012 resource.
The resource stands at 132 million tonnes grading 4.4% zinc and lead, equivalent to 12.8 billion pounds of zinc making it a genuine tier one base metal resource.
Did you subscribe for our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Proactive Investors
