Name of the Project
Lady Colleen copper project.

Location
Queensland, Australia.

Project Owner/s
Austral Resources.

Project Description
A scoping study has concluded that the construction of an opencut mine at Lady Colleen is viable. Lady Colleen could produce about 44 000 t of copper, from heap-leach and flotation processing methods, at a cutoff grade of 0.7%, over a five-year period.

The production rate and mine life are expected to increase with continued resource definition and extensions.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of 7.5% and an internal rate of return of 38.9%, with a payback of 2.6 years.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
The next stage of project development will start with a prefeasibility study. When that is completed, and the technical and economic viability of the project is confirmed, a timeframe for development and production will be finalised and communicated.

Key Contracts, Suppliers and Consultants
CSA Global (scoping study).

Contact Details for Project Information
Austral Resources, tel +61 7 3520 2500 or email admin@australres.com.