Australia
Ironbark Zinc’s high-grade maiden ore reserve at Citronen supports first 6.5 years of mine plan
Ironbark Zinc Limited (ASX:IBG) has declared a maiden JORC 2012-compliant ore reserve for the underground deposit of its flagship Citronen Zinc-Led Project in Greenland of 21.3 million tonnes at 6.3% zinc equivalent containing 1.3 million tonnes of zinc metal and 100,000 tonnes of lead metal.
The maiden reserve underpins the first 6.5 years of the recently optimised Citronen mine plan, allowing the company to begin discussions with new prospective project and offtake partners.
“Significant milestone”[hhmc]
Ironbark considers this maiden ore reserve to be a critical step in its plans to reach final investment decision (FID) in 2021 given it is typically a condition precedent to any project financing package.
Ironbark managing director Michael Jardine said: “The declaration of the maiden ore reserve for the underground deposit at Citronen represents another significant milestone as the project moves towards an FID in 2021.
“The combination of a much improved, and now ore reserve-back..
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