World-class zinc opportunity (a long time in the making!)

Ironbark Zinc (ASX: IBG) is the first pure zinc exposure that we have incorporated into our Portfolio since we began way back in 2010. The rationale has been quite clear – zinc has until recently been a poor-performer from a pricing perspective - hence there has been no sound reason to this point to recommend zinc equities. We’re now beginning however to see solid zinc price movement, supported by draw-downs in LME inventories. It is likely that the zinc supply imbalance will increase over the coming years, further supporting prices. Essentially, decades of under-investment in the zinc industry (a metal often seen as problematic by investors) has provided a window of opportunity for Ironbark, with its Citronen zinc project being one of the world’s largest and currently at an advanced post-feasibility stage. Ironbark offers strong leverage to future zinc prices - as well as corporate appeal.