MMG announces Rosebery development

MMG has announced a number of development programs at the company's Rosebery mine in Tasmanian, with Chief Executive Officer Andrew Michelmore discussing development plans with Tasmanian Premier David Bartlett this week.

Minerals and Metals Group (MMG) has announced a number of development programs at the company’s Rosebery mine in Tasmanian, with Chief Executive Officer Andrew Michelmore discussing development plans with Tasmanian Premier David Bartlett this week.

The Premier met with Michelmore and MMG Chief Operating Officer Brett Fletcher for the first time since the mine was sold into MMG following the sale of a number of OZ Minerals’ assets in June this year.

According to the company, a raise bore drilling program, deferred in November last year, will be restarted.

The completion of this program will see a hole drilled nearly 4.5 metres in diameter and 1,300 metres deep to create an additional ventilation shaft to deliver fresh air to the deepest reaches of the mine.

Total capital expenditure of the project will be more than $25 million.

MMG also announced an additional $1.6 million deep exploration drilling program to confirm the long term viability of the Rosebery mine, with drilling to commence in October.

Additional resources have been discovered at Rosebery over the last three years with the mine life now extending to the end of the next decade.

Approximately 20 to 30 contractor positions will be required at Rosebery through the course of these two programs.

MMG has also committed a team to review operations at the Avebury nickel mine near Zeehan.

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