ASX ANNOUNCEMENT ? ASX Code: IBGApplication under Section 702...

ASX ANNOUNCEMENT ? ASX Code: IBG
Application under Section 702 Mining Act for site works at Citronen
Ironbark Zinc Limited (?Ironbark?) is pleased to announce that it has applied under Section 702 of
the Mining Act of Greenland for permission to conduct site works at its 100% owned Citronen
Fjord Zinc-Lead Project (Citronen). This application is attached.
This application is important to the rapid development of the Citronen project and Ironbark views it
as a key part of its plans to bring the project into production with commencement of mining
targeted in 2013. The final development decision of Citronen will remain subject to numerous risks
including, but not limited to, stable capital markets, favourable metal prices, a favourable feasibility
study outcome, access to funding and obtaining the necessary approvals from the BMP (Bureau
of Minerals and Petroleum ? Greenland).
ABOUT IRONBARK
Ironbark is a well-funded Company listed on the Australian Securities Exchange (ASX: IBG) and
focused on the development of a major base metal mining operation in Greenland. The
management and board of Ironbark have extensive technical and corporate experience in the
minerals sector. Greenland provides a supportive mineral development environment.
Citronen currently hosts in excess of 10 billion pounds of zinc (Zn) and lead (Pb). The current
JORC compliant resource for Citronen (November 2008) will be updated shortly but is currently
detailed as follows:
55.8 million tonnes at 6.1% zinc (Zn) + lead (Pb)
Indicated resource of 29.9Mt @ 5.8% Zn and 0.6% Pb
Inferred resource of 25.9Mt @ 5.0% Zn and 0.7% Pb
Using inverse distance squared (ID2) interpolation and reported at a 3.5% Zn cut-off