Ironbark Zinc (ASX:IBG) is closer to securing the Exploitation Licence for its Citronen Base Metal Project in Greenland with a positive notice from the Danish Centre for Environment and Energy (DCE).
The DCE advised that all environmental issues have now been treated satisfactorily in the company’s Environmental Impact Assessment (EIA).
This follows a review of the EIA and its appendices with reference to its suitability for being published on the Naalakersuisut Public consultations as part of the public hearing process.
Citronen Base Metal Project
Citronen's resource base is now a meaty 70.8 million tonnes at 5.7% zinc + lead at a 3.5% zinc cut-off.
Notably, this includes a potentially highly profitable higher grade resource zone of 29.9 million tonnes at 7.1% zinc + lead at a 5% zinc cut-off.
This is likely to be the tip of the iceberg as the deposit is still open in every direction – providing huge exploration potential given 11 kilometre strike of drilling contains economic grade mineralisation.
There is potential for the exploitation licence to be awarded in the current quarter with financing negotiations and early site works in the June 2015 quarter.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.