Jonathan Downes. Ironbark Zinc Limited Managing Director

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1 Jonathan Downes Ironbark Zinc Limited Managing Director Greenland Day -Perth December 2015

2 Ironbark Zinc - Corporate Summary Largest Australian Listed Zinc Company by Zinc Resources Focused on a giant zinc deposit in Greenland Well situated between Europe and North America Completed drilling and processing testwork Feasibility Study complete Technical Board moving towards production expertise Working with China Nonferrous (NFC) on project development and funding Resource remains open ended in every direction

3 Greenland Home Rule Danish/Greenland Government negligible sovereign risk Exploration to Exploitation License Bureau of Minerals and Petroleum Greenland looking to minerals and petroleum to support move to Independence Doorstep of Europe and North America New mining school Corporate tax rate of 30% and accelerated depreciation

4 A Globally Significant Zinc Project Citronen is one of the world s largest zinc projects by resource size Considerable exploration potential in addition to existing resource Owners - Major Zinc Mine/Deposits Company Mine/deposit Xstrata Mt. Isa Xstrata McArthur River Teck Resources Red Dog Citronen Deposit looking East (sulphide horizons in red) Hindustan Steel Govt. & Sichuan Hongda Ironbark Zinc Limited MMG BHP Billiton/ Xstrata/ Teck/ Votorantim Metals Mitsubishi Corp/ Rampura Agucha Lanping Citronen Century Antamina

5 Bankable Feasibility Confirms Citronen is World Class Strategic Benefits of Citronen Located adjacent to deep, protected water on the doorstep of Europe and North America Simple, flat and continuous ore zones Open-pit fresh sulphide potential with very low strip ratios to supplement higher grade underground mined mineralisation Simple, predominantly underground room and pillar mining operation. Proven DMS and flotation techniques to produce zinc and lead concentrates MOU with China NFC to provide assistance in acquiring project funding

6 World Class Resource 100% Owned High Grade - 7.1% Zn + 0.5% Pb (3.5% Zn cut-off) Resource Category Mt Zn % Pb % Zn+Pb% Measured Indicated Inferred Total Within a Larger Resource - 4.0% Zn + 0.4%Pb (2.0% Zn cut-off) Resource Category Mt Zn % Pb % Zn+Pb% Measured Indicated Inferred Total

7 Bankable Feasibility Confirms Citronen is World Class Feasibility Summary NPV US$609 million (post tax US$354 million) IRR 32% (post tax 22%) Capital Cost US$429.3 million (contingency included) Operating Cost 1 (payable US$) - Site 48c / pound zinc - Shipping Logistics 11c / pound zinc - Smelter Fees 12c / pound zinc Payback Period 18 months 18 Life of Mine Revenue US$5.65 billion *Details and assumptions released to the ASX in announcement dated 29 April 2013 ** At US$0.835/ pound zinc, US$0.905/ pound lead - as at 10 May Not including depreciation/amortisation. 1. At US$0.85c/ pound zinc, US$0.90c/ pound lead first 5 years of production

8 Bankable Feasibility Confirms Citronen is World Class Citronen Feasibility Summary Resource First 5 Years Mining Production Rate Life of Mine Premium Concentrate Grade 7.1% zinc + lead (Zn + Pb) JORC 2012 resource Underground 16.5 ~6.0% - 8.4% Zn + Pb, upgrading to mill feed grade ~8.8% % Zn + a production rate of 3.3 Mtpa 3.3Mtpa ROM Ore 14 years + exploration ~55% Zn, ~50% Pb - Contained Zn Metal 185,677 tpa (average for first 5 years) - Contained Pb Metal 9,609 tpa (average for first 5 years) Exceptional Exploration Upside Mineralisation remains open in almost every direction, potentially adding many years to the life of mine *Details and assumptions released to the ASX in announcement dated 29 April 2013

9 2 nd Tier - Exciting Pipeline of Projects, Greenland (1) Washington Land (100% Ironbark) Explored by RIO in 1998: channel sample of 8.9% Zn, 11.1% Pb and 95 g/t Ag Ironbark drilling returned 4.11% Zn + Pb, 23 g/t Ag Inc % Zn+Pb, 77 g/t Ag 4.91% Zn+Pb, 65 g/t Ag Inc. 8.72% Zn+Pb, 134 g/t Ag Open ended mineralisation Ironbark established camp and drill rig on site ready to go

10 Supply ship arriving at site 10

11 Heli-lifting equipment to site 11

12 New camp, generator and drill rig on site 12

13 Mineralised dolomite outcropping showing iron staining 13

14 Drilling into the mineralised dolomite 14

15 Testing for mineralisation using a hand held XRF device 15

16 Cutting drill core for chemical assay 16

17 2 nd Tier - Exciting Pipeline of Projects, Greenland (2) Mestervig (100% Ironbark) Historical mining at Blyklippen Produced +12% Pb + Zn for 6 years Alteration mapped for numerous repeats in the district Unmined drill zones returned up to % Zn+Pb from 40m Ironbark drilling returned 11.23% Zn Open ended mineralisation

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19 Underground process plant 19

20 Underground process plant 20

21 Creek cutting across the high grade base metal vein 21

22 Walking along the vein 22

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25 Instant assays on site with a hand held XRF device 25

26 High grade vein expressing in cutting 26

27 Nearly pure galena out crop 27

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29 Thank you ASX: IBG P E info@ironbark.gl Level 1, 350 Hay Street SUBIACO WA 6008 PO Box 8187 SUBIACO WA