Citronen lead/zinc development, Greenland
Name of the Project
Citronen lead/zinc development.
Location
The Citronen Fjord zinc/lead deposit is located within the Lower Palaeozoic Franklinian basin of northern Greenland.
Client
Ironbark Zinc.
Project Description
The project represents one of the world’s largest undeveloped zinc/lead resources.
The project is a relatively simple, pre-dominantly underground room-and-pillar mining operation that will concentrate ore through industry-proven dense-media separation (DMS) and flotation techniques to produce saleable separate zinc and lead concentrates for the world markets.
An updated feasibility study on the project envisages a mine rate of 3.3-million tonnes a year, with a production rate of up to 200 000 t/y of zinc metal.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $1.03-billion and an internal rate of return of 36%.
Value
The project has an estimated capital cost of $514.21-million.
Duration
Not stated.
Latest Developments
Further metallurgical testwork will start shortly to target feasibility-level engineering confidence in the highest levels of recovery achieved in earlier work (up to 90%) and test a two-stage DMS upgrade.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Ironbark Zinc, tel +61 8 6461 6350, fax +61 8 6210 1872 or email admin@ironbark.gl.
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