(MENAFN - ProactiveInvestors - Australia) Ironbark Zinc (ASX: IBG) is demonstrating the strength of its Citronen Base Metal Project in Greenland through an increase in Resources, a longer mine life and US50 million in finance secured from Glencore International.
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The company has delivered positive open pit optimisation studies for Citronen which show a more than 15% increase in mill feed tonnage and a longer mine life.
The open pit ore scheduling study results show over 9 million tonnes of mineralised material optimised by open pit mining with very low strip ratios.
Importantly, this material has the capacity to supplement the underground mined mineralisation to the process plant and increase the mine life by an additional three years from the underground only sourced material.
In early January, Ironbark announced an increase in both the grade and confidence of the resource at the project.
The global resource at Citronen now stands at 13.1 billion pounds of zinc and lead, using a 2% zinc cut-off, compared to the previously reported estimate of 132.6 million tonnes at 4% zinc and lead for 11 billion pounds.
The event will be held on Wednesday 20th June, 2012 at the Hyatt Regency Perth " 99 Adelaide Terrace from 5:15pm (for a 5:30pm start).
Light refreshments will be served during the event and following the presentations will be a Wine & Canape Reception allowing you to personally interact with presenting CEOs.
While the event is FREE to attend, registrations are essential.
EARLY BIRD DOOR PRIZE: If you arrive by 5:15pm and register for the event " you qualify for the Special Door Prize of a HD James Bond Spy Pen Digital Video Camera & Recorder.
LUCKY DOOR PRIZES: All attendees instantly go into the draw to win 1 of 3 lucky door prizes drawn on the night of a 100 STA Travel Voucher or a 100 Ticketek Voucher.
FULL PRESENTER LIST
Ironbark Zinc (ASX:IBG) is focused on the world class Citronen Base Metals Project in Greenland, which hosts in excess of 13.1 billion pounds of zinc and lead. The project has attracted Glencore and a US50m convertible note facility.
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