Management of mining company Perilya is pushing for its board to approve the reopening of Broken Hill North mine after being closed for more than 20 years.
Perilya’s managing director Paul Arndt said management would approach the board with a mining plan for Broken Hill North as the yield at the Southern Operations decreases.
"The stronger metal prices help us to look towards being able to get that project up and running," Arndt said.
"We're really going through the final stages of a recommendation to the board now."
Broken Hill North mine was formally owned by Pasminco which closed the operation in 1993.
It is believed modern mining equipment will allow for lower grades of ore to be mined at higher tonnages, making the operation viable.
Former registered manager at the North Mine, Tom Hynes, said its reopening would be a great development for Broken Hill.
"It'd be a great step forward for the community and, from my viewpoint, it'd be a godsend to see that mine re-open and that ore extracted," Hynes said.
"It's just a pity to leave it sitting in the ground.
Perilya says the North Mine Deeps resource contains 3.7 million tonnes at 11.3 per cent zinc, 13.5 per cent lead and 219 g/t silver making it one of the highest grade deposits in the world.
“The Broken Hill North Mine Deeps project has known mineralogy, an existing local mining workforce that can be expanded to accommodate the project and is in close proximity to Perilya’s existing infrastructure,” the company’s website says.