IBG 25.0% 0.3¢ ironbark zinc ltd

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    Citronen Project’s Feasibility Study

    In April 2013, Ironbark was pleased to release the results of the Citronen Project’s Feasibility Report, which confirmed the Citronen Project as a globally significant lead-zinc project.
    Highlights of the Feasibility Report included:
    • NPV: US$609 Million (US$354M post tax)
    • IRR: 32.0% (22.2% post tax)
    • Equity Return: 37.9% (Geared NPV after tax)
    • Capital Cost: US$429.3 Million inc contingency (US$484.8M with First Fills)
    • Operating Cost: US$0.59/lb Zn (Payable, Net of by-product credits, Years 1-5, Smelter fees additional US$0.12/lb Zn)
    • Mine Life: 14 years
    • Life of Mine Operating Costs: US$3.42 Billion
    • Life of Mine Revenue: US$5.65 Billion

    http://ironbark.gl/projects/greenland/citronen/
 
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