IBG Managing Director Michael Jardine commented:“These deadlines...

IBG Managing Director Michael Jardine commented:
“These deadlines essentially comprise the “Use it or Lose it” provisions within the Greenlandic Mining Act and
Ironbark has successfully navigated several of these extensions in the past. We are pleased to have done so once
again, albeit we are, for now, in a position whereby rolling 12-month negotiations will be necessary. Whilst not
ideal, and a substantially longer extension was requested by the Company in this instance, Ironbark understands
that the Government is very open to this in the future provided there is demonstrable progress at the Project.
We have been in a difficult position with respect to seeking new investors in Citronen whilst these issues were
being worked through but with tenure now secured we will be considering all options, including full or part project
divestment, spinning out the asset, further Offtake sales, Royalty financing and so on, to make sure Citronen is
funded and able to progress in what is a more bullish zinc market than has been seen in some time”


Well, it may be possible that there could be boots on the ground if the highlighted part refers to Citronen.

cheers.