Redbank release copper mine study

Redbank Copper yesterday released a mine study for the development of its high grade copper project.

Redbank Copper yesterday released the four-month comprehensive mine study for the development of its high grade copper project in the Northern Territory.

The study confirms that a copper cathode and concentrate project with an open cut copper mine would be economically viable, the company said.

The mine would be have an estimated lifespan of ten years and would be able to produce both oxide and sulphide ores.

According to Redbank managing director Bruce Morrin, the study has identified some preferable methods for development.

“The release of the mine study is a major step forward in the re-development of Redbank as a high grade copper producer,” he said.

“We have established resources and infrastructure in place at Redbank and a substantial exploration program underway to lift the resource base.

“The study shows that with relatively small capital outlay we can return the Redbank project into production.

Our focus now is on continuing the exploration program and moving the project forward to be in a position to commence production mid next year.”

Initial oxide ore processing is proposed to commence from a small SX-EW plant in 2010 at a throughput rate of 150,000 tpa.

Sulphide production is proposed to commence in 2012 from the refurbished onsite concentrator at an initial rate of 300,000 tpa producing a 27% copper concentrate.

This will eventually increase to 500,000 tpa.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.