The Citronen project in northern Greenland represents one of the world’s largest undeveloped zinc-lead resources.
By Reuben Adams
PERTH-based developer Ironbark Zinc has received a draft Impact Benefit Agreement (IBA) from the Greenland Government for its globally significant Citronen zinc-lead project, the last document to be finalised before an exploitation licence can be awarded.
The terms of the IBA typically focussed on formalising employment and training commitments as well as detailing how the Government, municipalities and Ironbark would work together to maximise the beneficial opportunities for all parties.
“Ironbark is delighted to reach this next milestone in the licensing process,” the company said in a statement.
“Ironbark has developed a solid relationship with relevant parties through the public consultation process. Ironbark has not yet received the final transcripts from the public consultation process and, while advanced, work is ongoing and will have to be satisfactorily completed and compiled into the White Book before an Exploitation Licence can be awarded.”
With a resource of more than 13 billion pounds, the Citronen project represents one of the world’s largest undeveloped zinc-lead resources, which remains open in every direction. The project is in northern Greenland, a self-governed part of the Kingdom of Denmark and has a low level of sovereign risk, according to Ironbark.