Ironbark Zinc's acquisition of copper projects in Mt Isa, QLD

Ironbark Zinc Limited (ASX: $IBG) has announced its agreement to acquire an 80% interest in EPMs 14694 ('Simon Project') and 11898 ('Anderson Project') in Mt Isa, Queensland from Aeon Metals (ASX: $AML). The acquisition marks a strategic move to expand Ironbark's exploration portfolio in a strong copper market, positioning the company in a highly prospective mineral province.

Executive commentary on the acquisition

Acquiring the Simon-Anderson Projects is a real coup for Ironbark in a strong Copper market. The neighbourhood is excellent and the range and number of targets, some of which present significant upside to the business if they're successful, open for exploration is very exciting. Queensland is a new market for IBG but we've already identified the team to assist and / couldn't be happier to commence working in one of the world's most famous mineral provinces. We will be on the ground in Mt Isa very soon and I look forward to sharing news from the ground in the near future.

Summary of Ironbark Zinc's acquisition and outlook

Ironbark Zinc Limited (ASX: $IBG) has successfully acquired an 80% interest in the Simon and Anderson Projects in Mt Isa, Queensland, signaling a strategic move to expand its exploration portfolio in a strong copper market. The acquisition presents significant upside potential for the company, with a focus on exploring highly prospective copper and rare earth element prospects. The projects' proximity to established mining infrastructure and accessibility from Mt Isa provide favorable conditions for year-round exploration activities. With a clear plan for systematic testing and ground truthing, Ironbark aims to capitalize on the potential mineralization in the region. The company's foray into Queensland's renowned mineral province reflects its commitment to pursuing opportunities in mature mining jurisdictions, setting the stage for future developments and growth in its exploration endeavors.