Mt Lyell copper/gold project, Tasmania
Name of the Project
Mt Lyell copper/gold project.
Location
Near Queenstown, Tasmania, an island state of Australia.
Project Owner/s
International precious metals mining company Sibanye-Stillwater.
Project Description
Mt Lyell is a near-term restart project with an initial 23-year mine life.
The project is expected to produce about 26 000 t /y of copper, 16 000 oz/y of gold and 116 000 oz/y of silver at steady state.
The restart includes the refurbishment of an existing shaft and decline to a depth of 800 m.
Potential Job Creation
The project is expected to employ about 300 employees at steady state.
Net Present Value/Internal Rate of Return
The project has an estimated net present value of $550-million and an internal rate of return of 20%.
Capital Expenditure
About $340-million.
Planned Start/End Date
Construction is planned to start in the first half 2027, with first metal production expected in early 2029.
Latest Developments
The project received a positive investment decision in the first quarter of 2026.
Key Contracts, Suppliers and Consultants
None disclosed.
Contact Details for Project Information
Sibanye-Stillwater, tel +27 11 278 9600 or email ir@sibanyestillwater.com.
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