Ironbark Zinc Limited (“Ironbark”) (ASX: IBG) is pleased to provide results from the Feasibility Study Update
of Ironbark’s 100% owned Citronen Project.
As quoted in the press release:
Commenting on the results of the updated cost evaluation of the Feasibility Study Ironbark Managing Director Jonathan Downes said: “We are extremely pleased with the confluence of a strong zinc price, which is widely forecast to continue to strengthen, low fuel prices and strongly improved smelter treatment charges. This has sharpened up the project economics and now has the project NPV exceeding US$1B at spot metal prices and using 5 year Wood McKenzie zinc forecasts. Giving real significance to this is the recent grant of a 30 year Mining Licence finally allowing a rapid progression towards financing and production. The Citronen Project shows a highly profitable base metal development potential of global significance. Citronen’s mine life of at least 14 years is defined only by the limits of drilling to date. As such, one of the Project’s most exciting aspects remains its exceptional exploration potential with identified mineralisation remaining open in almost every direction.”