Ann: Annual Report to shareholders, page-2

"Ironbark has also commenced several new Project initiatives including a reassessment of the Company’s existing Australian assets as well as new acquisitions, with the goal of enhancing shareholder value in parallel to the development of its flagship Citronen project. Further details will be announced in due course. On behalf of the Board, I would also like to personally thank you the shareholders for your continued patience and support. Citronen is one of the largest zinc deposits in the world and remains a globally significant development asset that is well-placed to enter production in the future. The upcoming year should see more regular news flow and some value accretive milestones reached and we look forward to updating the market as these eventuate."

I see these statements from Michael Jardine as a glass half full, being confident on IBG's path forward and to continue creating shareholder value - patience is still the key here if you don't mind parking some funds for future prosperity!

GLTAH
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