Carrapateena confirmed as largest undeveloped copper mine - Oz
PERTH (miningweekly.com) – Copper/gold miner Oz Minerals on Thursday confirmed its Carrapateena project as Australia’s largest undeveloped copper project, following a yearly review of the project’s resource.
Since a 2012 resource estimate, the total mineral resource for the Carrapateena project had increased from 760-million tonnes to 800-million tonnes, grading 0.8% copper and 0.3 g/t gold for 6.3-million tonnes of contained copper and 8.4-million ounces of contained gold.
The resource estimate increase reflected a 5% increase in tonnage, a 7% increase in contained copper and a 14% increase in contained gold, compared with the previous estimate.
“This completes the current stage of work on delineating the Carrapateena resource and demonstrates again that we have a very significant copper resource in the global context,” said Oz Minerals CEO Terry Burgess.
“Carrapateena also has the significant added benefit of being located in a highly favourable mining jurisdiction and in a district which is demonstrating potential to host further deposits,” he added.
The resource estimate would be incorporated into the project’s prefeasibility study, which was currently under way.
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