pfs due for one of worlds largest zinc deposit

The Citronen Zinc Project represents one of the worlds largest undeveloped zinc resources with a number of amjor announcements due in the next 4 weeks, all the announcements will create buying interest.

IBG has recently raised money so no worries about short term capital raisings.

A PFS is due to be announced within 4 weeks.

Zinc prices have been running.

A site works application was lodged last week,
the application is important for the rapid development of Citronen, the largest undeveloped zinc deposit, as Ironbark looks to fast track the project into production.

An updates JORC is due anytime soon ie anytime between now and Xmas.

Nystar is the cornerstone investor holding about 31% stock, Nystar is quite an agressive co and last week took over Farallon mining for about 400+ mill.

Nystar paid 35c for stock when the co was trading at 16c to get a slice of the action.


Citronen currently hosts in excess of 10 billion pounds of zinc and lead, with the current JORC compliant resource; 55.8 million tonnes at 6.1% zinc plus lead.

An updated JORC is expected by the company in the short term.

Last month Ironbark announced a stunning high grade intercept of 16 meters at 20.8% zinc in follow up drilling at Citronen with a revised resource incorporating the plus 20,000 meters of diamond core drilling completed since November 2008 expected in the December quarter of 2010. Total diamond core drilling on the site up to October 2010 is over 62,000m.

Keep an eye on it over the next few weeks, the early bird catches the worm.