The Hermosa project comprises the zinc-lead-silver sulphide deposit (Taylor Deposit), the zinc- manganese-silver oxide deposit (Clark Deposit) and the potential for further polymetallic and copper mineralisation. In January 2022, the Group announced the completed pre-feasibility study for the Taylor Deposit, its first development option at Hermosa.
Taylor feasibility study, construction of water plant two and shaft engineering work all commenced in FY22. The Taylor Deposit has progressed to a feasibility study, ahead of a planned final investment decision in mid-calendar year 2023.
Furthermore, a scoping study for the spatially linked Clark Deposit has confirmed the potential for a separate underground mining operation which may underpin a second development stage at Hermosa, with future studies to consider the opportunity to integrate its development with the Taylor Deposit. |