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Us Exim Bank Issues Ironbark Zinc (Asx:Ibg) With Preliminary Funding Approval

Dec 08, 2021•about 4 years ago
Perth

Description

Ironbark Zinc Limited (ASX: IBG) (Ironbark or the Company) advises that its Phase I due diligence (DD) period with US EXIM Bank has now successfully concluded and that Ironbark has received a Preliminary Project Letter (PPL) outlining EXIM's intention, subject to further due diligence and EXIM Board approval, to extend up to US$657m in debt funding to Ironbark to cornerstone the development of the Citronen Project.

Company Information

Company

Exim Bank

Location

Perth, Scotland, United Kingdom

About

EXIM Bank uses this initial DD process to filter and consider opportunities, and successful passage through Phase I is a pre-requisite for obtaining final approval from the EXIM Bank Board.