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.