Ironbark Zinc's update on Bamboo Creek Project analysis

Ironbark Zinc Limited (ASX: $IBG) has reported promising results from the analysis of historic exploration data at its Bamboo Creek Project in Western Australia. The analysis revealed three rock chip samples with assays of over 100ppm Lithium, including a peak value of 199ppm Li in the northern part of the project area. The company has engaged Lithium experts CSA Global to assist with further analysis, with new exploration activities anticipated between February and April 2024.

Executive commentary on the exploration results

Bamboo Creek and Daltons have been relatively lightly explored in the past, with very little historical drilling. Importantly, nobody has ever looked for Lithium here before, and we are pleased that this preliminary re-examination of the data has shown some positive early signs of prospectivity. The projects are in a rapidly emerging area for Lithium exploration, nearby to both Global Lithium and the SQM led Pirra Lithium JV. Our initial review is showing good promise, and we look forward to sharing further developments with shareholders as soon as we're able to do so. - IBG Managing Director Michael Jardine

Summary of the exploration update and outlook

The analysis of historic rock chip data at Ironbark Zinc's Bamboo Creek Project has revealed promising lithium assays, indicating potential for lithium mineralization in the area. The company has engaged experts for further analysis and plans to conduct new exploration activities between February and April 2024. The projects are located in a rapidly emerging area for lithium exploration, and the initial review has shown positive signs of prospectivity. Ironbark Zinc looks forward to de-risking a decision to proceed to the earn-in phase and sharing further developments with shareholders.