IBG 0.00% 0.3¢ ironbark zinc ltd

Ann: Quarterly Activities Report, page-63

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  1. 511 Posts.
    lightbulb Created with Sketch. 19
    -Finance ageeement: 6 months at best.
    -Engagement of Project delivery team: 2 months after finance at best.
    -Engagement of design and construction team: Depends on if NFC get on board. If they do it’ll probably be in parralel with finance or within 1-2 months. Otherwise what happens? Single select contractor, competitive tender? If so add 3 months post finance to engage someone suitable. We’re at 9 months now.
    - Finalise design, engineering and relevant approvals: 6 months at best. We’re at 18 months now AKA approx Aug. 2019.
    - In parrell to finalising the design I imagine a site team and equipment will be getting procured and sent to citronen; how is heavy plant and construction equipment sent there and from where?
    - Prefabricate relevant equipment: 3 months at best.
    - Ship equipment (to where? Where can this be received? Is a port nearby?) allow 6-8 weeks from completion of prefabricated items. We’re in February 2020 now. Probably more like march- April 2020 given that this shipping will be over Christmas and the Chinese New Year.

    Now we have 20 months to build the plant and associated infrastructure - power, roads, port? What about the port? What needs to be built to get the zinc on the ships?? Then everything needs to be successfully commissioned... I guess there definitely won’t be any delays or issues with a project like this... yeah 2022 isn’t reasonable, sorry Yatchy. You’ll be mining before Christmas this year.
 
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