Development

By investing in early to mid-stage development projects, we are further building our project pipeline and establishing potential growth opportunities for the business.

Herencia, Chile

10.03% Nyrstar interest (as at March 2013)
Multi-metals mine development
In April 2010, Nyrstar acquired just over ten per cent of the ordinary shares of Herencia Resources Plc., a base metals exploration company in Northern Chile. The objective of the capital raising was to fund the drilling of a newly discovered vein in Herencia’s most advanced zinc-lead-silver-gold Paguanta project.
For further information on Herencia Resources Plc and the Paguanta Project, please visit the website: http://www.herenciaresources.com

Ironbark Zinc Limited, Greenland

26.5% Nyrstar interest (as at October 2011)
Zinc-lead mine development
In November 2009, Nyrstar completed the acquisition of a 19.9 per cent interest in Ironbark Zinc Limited (ASX: IBG), owner of the world-class Citronen zinc-lead deposit in Northern Greenland. In March 2010 Nyrstar acquired an additional 6.6 per cent interest in the company, Ironbark using these funds for the 2010 drilling program. This was an important step in the completion of a bankable feasibility study in relation to the site’s potential development. The deposit has a total ore resource (indicated and inferred) of approximately 59.9 million tonnes at approximately 5.3 per cent zinc and 0.5 per cent lead.
For further information on Ironbark and the Citronen Project, please consult the website: http://www.ironbarkgold.com.au