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