Mining Rate 2020
Capricorn Copper mine in Queensland, is a high-grade copper and silver mine with multiple ore sources, which has benefitted from substantial investment to position it for stable and consistent future production.
Copper mineralisation was first discovered in the area of Capricorn Copper in the 1880s. Smaller scale mining commenced from the 1920’s, in the form of small open cut mines and some underground mining, continuing intermittently until the 1960’s.
In 1969 Survey and Mining Limited acquired the mining rights for the area now known as Capricorn Copper and commenced development of the first Capricorn Copper deposit – Mammoth. 1970 marked the beginning of large-scale mining operations at Capricorn Copper, and included the construction of ore processing facilities and the first production of mineral concentrates.
Capricorn Copper is located approximately 120 kilometres north of Mount Isa.
In-mine and near-mine organic growth opportunities
and regional exploration potential
10+ year mine life
supported by significant investment of more than US$160 million since EMR Capital acquisition
High-grade copper and silver operation located in a Tier-1 jurisdiction
with a growing production profile and further upside from latent mill capacity
Multiple ore sources provide operational flexibility
and diversified production profile