(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.
*** CLICK HERE TO REGISTER ***
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.
EVENT DETAILS
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.
Gunson Resources' (ASX:GUN) assets include the Coburn Mineral Sands Project in Western Australia, with the company currently in advanced discussions with POSCO " the world's fourth largest steel producer " to purchase a large minority interest in the project.
Alara Resources (ASX: AUQ) has interests in some highly prospective base metals projects in Saudi Arabia, Oman and Chile. The Khnaiguiyah Zinc Copper Project remains on track to deliver a DFS by July 2012, with a 70,000tpa zinc production target.
Trafford Resources (ASX: TRF) continues to advance the Wilcherry Hill Project in South Australia where the company is exploring for iron oxide, copper, gold and uranium (IOCGU) deposits with partner IronClad Mining. Trafford has the right to all the minerals mined except iron ore.
Ezeatm (ASX: EZA) has just secured an exclusive five Year Distribution Agreement for ATMs and ATM-related products, parts and software manufactured by NeoICP Korea, Inc. Ezeatm has forecast an annual EBITDA of 5,000,000. Cash balance at 31 March 2012 was 2,045,245.
Pioneer Resources (ASX: PIO) is a well-funded Kalgoorlie focused gold explorer with a proven discovery capacity. Pioneer owns over 800 square kilometres of gold tenements, with this footprint set to increase in the near term through pegging.
Paramount Mining (ASX:PCP) has acquired a controlling interest in the Gunung Rosa gold, silver and base metal mine project in West Java. Helicopter-borne magnetic results and existing field mapping and sampling indicate the scope for the definition of additional resources of gold, silver and base metal mineralisation.
Prosperity Resources' (ASX: PSP) strategic focus is the recently acquired Pinang-Pinang gold-copper in Aceh, Indonesia.
