South Australia's Copper Strategy, Achievements to 30 June 2017
"Copper prices have now rebounded, and the global demand for copper is expected to pick up with an
anticipated 2020 supply shortage.
South Australian explorers and miners continue to forge success with work underway in 2017 on Olympic Dam’s Southern Mine Area, a second decline at Prominent Hill and assessment of the Carrapateena and
Kalkaroo projects."
There are six (6) advanced
copper projects (JORC resource, feasibility studies underway) that are being case managed by the SA Government.
Of the six, 3 are Havilah's (
Kalkaroo,
Mutooroo and
North Portia).
The other 3 belong to Oz Minerals (Khamsin, Carrapateena) and Rex Minerals (Hillside).
Of the $2 billion of potential capital expenditure (see below), approximately $1 billion relates just to Oz Mineral's Carrapateena project. Carrapateena is a copper-gold deposit hosted in a brecciated granite complex and is mostly chalcopyrite with a central high grade bornite zone. The deposit is shaped like a near vertical pipe and sits under approximately 500 metres of unmineralised rock cover. It will be mined using a process called sub-level caving. Hence the cost.
Kalkaroo,
Mutooroo and
North Portia are all proposed open pit mines.
View attachment 638817
"South Australia maintains a strong project pipeline at 30 June 2017, with the state well placed to treble production and meet the major objective of
1 Mtpa of copper by 2030."
Source:
http://www.minerals.statedevelopment.sa.gov.au/__data/assets/pdf_file/0008/294686/Achievements.pdf
Kalkaroo,
Mutooroo and
North Portia forms part of that 1 Mtpa of copper by 2030.
Cheers
These are only my random thoughts (Kool-Aid: it maintains my sunny personality. Plus having all my HAVO now allotted as HAV shares) and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert
