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Ironbark Zinc Limited (IRBGY) Company Update
Perth, Australia (ABN Newswire) - Ironbark Zinc Limited (Company) (ASX:IBG) (OTCMKTS:IRBGY) h...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"Ironbark Zinc Limited (IRBGY) Company Update\nPerth, Australia (ABN Newswire) - Ironbark Zinc Limited (Company) (ASX:IBG) (OTCMKTS:IRBGY) hereby provides an update regarding the development of the world class Citronen zinc project. This is an exciting time for the Company as it progresses toward the major project financing stage of the advanced and high margin, large scale Citronen zinc project at a period of such strong zinc prices. Ironbark is focused on working towards project financing and then moving into production. The Citronen project is exceptionally well placed to meet the strong and growing global demand for zinc and would be highly profitable in today's environment and under a granted mining permit in a low sovereign risk jurisdiction, provides the Company with confidence that the financing process will be successfully achieved. Cutfield Freeman & Co Appointed Ironbark is pleased to announce the appointment of Cutfield Freeman & Co., (CF&Co) a highly credentialed tier one international financial advisory firm to assist Ironbark structure the financing for the world class Citronen zinc project. CF&Co is an independent corporate finance house with offices in London, Toronto and Hong Kong providing independent advice to companies in the mining and metals sectors. CF&Co advises on all aspects of corporate, project and offtake-related finance, mergers and acquisitions, and joint ventures. CF&Co has acted on a wide variety of transactions for a range of mining companies including BHP Billiton Ltd (ASX:BHP), Dynatec Corporation, Molycorp Inc (NYSE:MCP-A), Zijin Mining Group Co. (HKG:2899), Anatolia Mineral Development Ltd./Alacer Gold Corporation (TSE:ASR). Senior Appointments Ironbark has commenced work on identifying the project development team including the appointment of a Senior Project Manager and Senior Finance Manager. The Feasibility Study Project Execution document is currently being reviewed by CPC Engineering. Long lead items and logistical plans are being prepared to ensure a seamless transition into production with mining planned to commence in 2019, with site preparation works being conducted this year. Germanium Ironbark has identified potentially significant Germanium in the Citronen ore as released to the Australian Securities Exchange (ASX) on 7 December 2017. Further assaying is ...