EXPLORATION & DEVELOPMENT

Ironbark on funding hunt after latest feasibility assessment of big zinc project

IRONBARK Zinc’s latest feasibility study for the Citronen project in Greenland shows the company needs to find US$654 million in funding for a development having a post-tax net present value of $363 million and an internal rate of return of 15%.

Financing is hopefully on the near-horizon for Ironbark at Citronen, Greenland

Financing is hopefully on the near-horizon for Ironbark at Citronen, Greenland

The study's NPV includes "recognition" of $554 million owed in withholding tax that wasn't included in the 2017 feasibility study's NPV of $1 billion. Ironbark said the decision to include the withholding...

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