Ann: Quarterly Activities Report, page-2

"Withdrawal of Application with EXIM for Project Financing On 29 January 2024, the Company formally notified US EXIM Bank of the withdrawal of its current application for Project Financing at Citronen. This was done following discussions with EXIM regarding likely commercial terms in 2024 versus those offered in 2021, as well as progress on the due diligence workstreams identified during the EXIM due diligence program in 2022.
As the long-term and 100% owner of the Citronen Project, Ironbark remains committed to successful value realisation from what remains one of the world’s largest undeveloped Zinc deposits. If materially positive developments occur that impact its likely credit status, Ironbark would warmly welcome the prospect of re-engaging with US EXIM Bank in the future.
JV Partner Search Ironbark was engaged with a limited number of highly targeted potential JV partners for mostof 2023 and preliminary and non-binding discussions continued into the December quarter. To date these activities have been unsuccessful and the Board has elected to discontinue discussions following Ironbark’s withdrawal from the EXIM process"


That says it all really - the writing was on the wall,it's going to be a long hard road from here on in,imo!

GLTAH
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