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Australia

North Queensland Copper Operation

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Categories

Overview

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Gold
  • Silver
Mining Method
  • Avoca
  • Bench & Fill
Production Start... Lock
Mine Life... Lock
SnapshotNorth Queensland Copper Operation is comprised of the Mt Colin copper mine and the Barbara copper/gold project.

FY25 guidance based on production until November 2024. Next step - Feasibility study and permitting work on the Barbara copper project. As of 2024, Barbara project's feasibility study underway on a potential underground operation.

The ORE is predicated on the toll treatment of ore at the Ernest Henry processing facility, 108km from the mine.

Owners

SourceSource
CompanyInterestOwnership
Aeris Resources Ltd. 100 % Indirect
The North Queensland Copper Operations is 100% owned by Round Oak Minerals Ltd, wholly owned subsidiary of Aeris Resources Ltd.

Contractors

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Deposit type

  • ISCG

Summary:

North Queensland Operations includes three deposits, Mt Colin, Barbara and Lillymay.

The Northwest Queensland Operations are associated with shear-hosted copper/gold deposits. The deposit dimensions range between a strike length of 400m to 700m, with down dip extensions of 700m to 900m. Average deposit widths range from 2m to 5m.

Mt Colin
The deposit is considered an ISCG (iron sulphide copper gold) mineralisation style.

The deposit strikes approximately 295º (MGA), and dips approximately 75º NNE. It is hosted by metasomatised calc-silicates of the Corella Formation (1750-1738Ma), at surface, and by the Wonga-suite Burstall Granite (1745-1726Ma) at depth.

Mineralisation principally controlled and essentially contained within the WNW-ESE striking planar Mt Colin fault. The broad-scale geology appears relatively simple and straightforward.

The mineralised zone is dominated by pyrrhotite gangue to the east, and carbonate dominated gangue to the west.

Known extent of +1.5% Cu mineralisation is approximately 400m in strike length, 500m down-dip, and up to ~10m in true width. The Mineral Resource extends to these limits.

Barbara
The dimensions of the deposit overall are ~700m strike length, ~400m vertical extent in the deepest southern part, up to 30m horizontal width and 60° dip to the southwest.

Lillymay
The Inferred Resource outcrops at surface and has been defined over a strike length of 400m, and down-dip for 140m. The larger E Lode is approximately 250m in strike length, separated from the 100m W lode by a 50m sub-grade zone. Resource widths vary from <1m to ~5m in true width.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

12 months to 30 June 2022 (previous Owner had a reporting period to 31 July).
CommodityProductUnits2024202320222021
Copper Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Concentrate kt  ....  Subscribe
Silver Metal in concentrate oz  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics202420232021
Ore tonnes mined  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe

Production Costs

CommodityUnits20242023
All-in sustaining costs (AISC) Copper AUD  ....  Subscribe  ....  Subscribe
All-in costs Copper AUD  ....  Subscribe  ....  Subscribe
** Net of By-Product.

Financials

Units20242023
Capital expenditures (planned) M AUD
Capital expenditures M AUD  ....  Subscribe
Sustaining costs M AUD  ....  Subscribe
Revenue M AUD  ....  Subscribe  ....  Subscribe
EBITDA M AUD  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2024

ContractorsYear
...... Subscription required 2022

Aerial view:

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