Been thinking about the last update on the Citronen project -
Teck Resources would fit the bill for a JV partner given they operate the Red Dog zinc mine project in the Arctic region. (I recall some other posters may have alluded to this some time back)
It's estimated by the Company to stop producing ore by 2031 so one would think they would be on the lookout for another multi-decade zinc/lead project - I wonder if they are on MJ's radar??
JV Partner Search:
"Relative to the broad-based Strategic Equity Process run in 2022, and in recognition of the scale of the Citronen Project, operational complexity of the Arctic environment, and US EXIM’s lending parameters, Ironbark has elected to undertake a much more focused search for a JV partner at Citronen in 2023. Advanced zinc development projects capable of sustaining multi-decade mine lives are rare, and ones located in jurisdictions with a strong rule of law even more so. It is also the case however that mining in the high Arctic requires specialised capabilities and the successful development of Citronen over the long term will require significant technical and financial resources. The Company is therefore targeting mid to large-cap mining companies with significant balance sheet strength, current or planned exposure to the base metals market, and experience with operating high latitude mines."
Just throwing it out there while we wait for some more news!
Cheers
.
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