Ironbark Zinc — Corporate Update (December 2023)
14 slides from Ironbark Zinc's corporate update, December 2023
Slide 1: Acquisition of Bamboo Creek & Daltons Projects in Pilbara, WA
ASX: IBG December 2023 IBG December 2023: Acquisition of Bamboo Creek & Daltons Projects in Pilbara, WA
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS The following information is not intended to guide any investment decisions in Ironbark Zinc Ltd (Ironbark). This presentation may contain certain forward-looking statements and projections regarding estimated resources and reserves; planned production and opera
Slide 3: Corporate Overview
Corporate Overview Capital Structure – Post Placement* Price/Vol (M) - Last 12 months Register Analysis – Post Placement $0.02 20,000,000 Toronga Pty Ltd Shares on Issue 1.59 billion 13% Bennelong Resource Capital Pty Ltd 15,000,000 Trafigura Share price (as at close on 6 Dec 2023) $0.008 11% Glenco
Slide 4: Executive Summary
Executive Summary • IBG focused on making 2024 a turnaround year for the Company • Option to acquire Bamboo Creek & Daltons flags evolution in strategy for Ironbark • Strongly supported placement underpins near term project spend & working capital requirements • Increased shareholder representation
Slide 5: Strategic Rationale
Strategic Rationale • Citronen offers significant long-term leverage to Zinc market but is challenged in short term • Zn pricing not supportive of new projects, continued risk off view from major investors • Ironbark now moving from long-term single asset focus to pursuing multiple pathways, includi
Slide 6: Pilbara Projects Overview
Pilbara Projects Overview* • Located nearby to Marble Bar in Western Australia , emerging as prolific Bamboo Creek area for Lithium exploration • Tenements: • Surrounded by well known Lithium explorer/developers • GL1 Marble Bar – 18Mt @ 1.0% Li2O • Pirra / Spear Hill – SQM $2.5m + $3m in ground for
Slide 7: Pilbara Projects: Right Neighbourhood
Pilbara Projects: Right Neighbourhood 07 Source: Argonaut, Ironbark Zinc Limited
Slide 8: Transaction Summary
Transaction Summary Project location • IBG has paid Sorrento Resources $75,000 in cash for exclusive 6-month option over E45/4560, E45,4853 and E45,4681 (collectively, the Projects) • If IBG elects to proceed it can acquire a 70% interest in the Projects by issuing either $200,000 in IBG shares (bas
Slide 9: Bamboo Creek - Geology
Bamboo Creek - Geology ✓ Tenements E45/4560 and E45/4853 cover an area of ~80 km2 approximately 45 km to the northeast of Marble Bar ✓ The tenements are predominantly underlain by GSWA fertile geological environments interpreted as prospective for Li, Ta, Sn ✓ Very limited Li-Ta-Sn focused historica
Slide 10: Daltons - Geology
Daltons - Geology ✓ Tenement E45/4681 covers an area of approximately 9 km2, 89 km to the southwest of Marble Bar, Western Australia. Immediately adjacent to Pirra Lithium JV (SQM, Calidus, Haoma) – see Slide 6. ✓ The northeast and northern portion of the tenement is dominated by the GSWA interprete
Slide 11: Access and Infrastructure – Marble Bar
Access and Infrastructure – Marble Bar Multiple daily commercial flights Local energy needs managed by Excellent sealed and unsealed Three hours to Port Hedland. from Perth. Horizon Power (plus road network will facilitate supplementary solar & battery efficient exploration of the storage). Projects
Slide 12: Pilbara Due Diligence Program – H1 2024
Pilbara Due Diligence Program – H1 2024 Expert independent technical advisors already engaged to assist Ironbark’s in-house team in exploring the Projects for Li, Cu, Au Desktop phase to collate and re-analyse all available open-source data; Jan/Feb Initial field mapping & rock chip sampling will fo
Slide 13: Contact
Contact Michael Jardine Managing Director mjardine@ironbark.gl Ironbark Zinc Limited Level 3, 22 Railway Road, SUBIACO 6008 https://ironbark.gl/
Slide 14: Citronen Project: Mineral Resources and Ore Reserves
Citronen Project: Mineral Resources and Ore Reserves Table 1 – Ore Reserves Category Tonnes (Mt) ZnEq Grade (%)* Zn Grade (%) Pb Grade (%) ZnEq Metal (Mt) Zn Metal (Mt) Pb Metal (Mt) Proved 24.6 5.1 4.6 0.5 1.2 1.2 0.1 Probable 24.2 5.1 5.0 0.4 1.2 1.1 0.1 Total (P&P) 48.8 5.1 4.8 0.5 2.5 2.3 0.2 Th