Ann: Quarterly Activities Report-IBG.AX, page-2

1. Mining Licence Approval Status
   
   During the quarter, Ironbark made solid progress towards attaining an Exploitation Licence (Mining Licence) for Citronen. The Company concluded the negotiation on the Impact Benefit Agreement (IBA) and finalised responding to, and updating, the Public Consultation White Paper and the Social Impact Assessment (SIA). A late amendment was requested regarding the Environmental Impact Assessment (EIA) that required the engagement of an independent consultant and that work was also completed with the updated EIA lodged with the Greenland authorities. Ironbark considers that it has complied with all the requests made and that the relevant documentation has been submitted relating to a mining licence application.
   
   This is an exciting time for the company and we remain hopeful that an Exploitation Licence permit will be granted in the near future. This will facilitate the Company to progress with the development of the Citronen base metal project through the next stages.