Base metals, Commodities, Copper, Exploration/Development, News

Woodlawn copper-zinc mine gets major boost

Woodlawn

The Woodlawn copper-zinc mine in New South Wales is becoming one of Australia’s most promising near-term producers.

Develop has announced a 40 per cent boost to the Woodlawn mineral resource, adding more than three years to the project’s mine life.

The resource increased from 7.3 million tonnes (Mt) at 1.8 per cent copper, 5.7 per cent zinc and 2 per cent lead to 10.3Mt at 1.8 per cent copper, 6.1 per cent zinc and 2.2 per cent lead.

This has resulted in a 43 per cent increase in contained copper to 190,000 tonnes (t) and a 50 per cent increase in contained zinc to 620,000t. This equates to a combined 445,000t of copper equivalent (CuEq) product.

“This is an outstanding result which demonstrates that Woodlawn is well on track to becoming a significant producer of the copper and zinc which will be in huge demand as part of the world’s energy transition,” Develop managing director Bill Beament said.

“This major expansion of the resource paves the way for an increase in Woodlawn’s mine life from the existing 7 years to 10-plus years based on the existing processing throughput capacity of 850,000tpa.

“This increased mine life will be a key feature of the new mine plan, which is set for release in the March 2023 quarter.”

Develop acquired Woodlawn in May 2022 and has since grown the project to one of significant quality and scale, with 7.2Mt of the resource now in the measured and indicated categories.

Located in the Lachlan Fold Belt in NSW, Woodlawn operated from 1978 to 1998 where it processed 13.8Mt at 9.1 per cent zinc, 1.6 per cent copper and 3.6 per cent lead.

It was one of Australia’s highest grade base metal mines at the time before it closed after its operating company went into receivership.

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