Ann: Maiden High Grade JORC (2012) Compliant Resource, page-87

The original miner was Inmet and according to their announcement in 1998, Winston Lake was shut due to it being uneconomic - potentially due to it being largely mined out - whilst Pick Lake (the vast majority of SUP’s resource) was shut due to the development undertaken to date revealing that “weak hanging wall rocks” would result in significant dilution. Long story short, Pick Lake is a bitch to mine due to the geotechnical factors.



Perhaps this explains why this project has passed through so many hands in the last 20 years and despite elevated prices relative to those prevailing at the time of closure has never been restarted. Perhaps that’s why it took the tenements being wrapped up into “Ophiolite Pty Ltd” - apparently partially owned by friend of the show