Mining at the open cut lead and silver mine south of Cobar could begin by the end of this year.
Cobar Consolidated Resources has lodged a development application for the Wonawinta mine, planned for the property “Manuka”, located 80 kilometres south of Cobar.
The mine is currently on public exhibition and the Cobar Shire Council will be accepting submissions until February 4.
CCR Company secretary, Trevor Shard is hoping their plans will be considered by the Western Region Joint Planning Panel in March.
“If we can get development consent in March we would look to mobilise pretty quickly on the ground and certainly start preliminary earth works,” he said.
“If we can achieve that time frame we’re optimistic that we can be producing silver before the end of this year.”
The company’s plans to produce 2.5 million ounces of silver each year would place it amongst the top 15 silver producers in the world.
“We’ve had an independent technical review done by an independent consultant, and this has been part of the financing process of the project,” Shard said.
“The final report from the technical consultant basically confirms the outcomes of the feasibility study which of course are positive.
He said the project, to include a processing plant, would create between 60 and 80 ongoing jobs and contribute about $24 million into the local community.