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Ironbark Zinc’s (AU:IBG) updated feasibility study has made a strong economic case for the development of the Citronen zinc project in Greenland, while confirming a capital cost of around US$500 million.
Ironbark aims to start construction of Citronen next year and production in 2019
The miner now hopes to have financing for the project in Greenland sorted in the next three to six months.
Equity raiding underway while total financing package targeting finalisation next year
Glencore frozen out at Ironbark
Hot minerals in a cold climate
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