In October 2015, Capricorn Copper Holdings Pty Ltd, a joint venture between EMR Capital and Lighthouse Minerals, acquired the mothballed Capricorn Copper Mine (CCM) located in North West Queensland. During 2016, Capricorn Copper completed a series of technical studies aimed at improving the resource estimates for the known ore bodies and outlining the optimal restart strategy for the mine. The technical studies demonstrated the technical and economic feasibility for recommencing operations at Capricorn Copper Mine and ensured the operation’s reserve and resource supported the investment required to recommence operations. The production plan and operational strategy developed as part of the technical studies is based on a Life of Mine plan derived from Joint Ore Reserves Committee (JORC) compliant reserves and resources.
The Capricorn Copper Mine is a fully permitted copper operation with existing operating infrastructure, including a processing plant, underground development at the Mammoth (MAM) deposit and at the Esperanza South (ESS) deposit plus all required site services.
Capricorn Copper expects the mine will produce between approximately 30ktpa of copper in concentrate over an initial Life of Mine of approximately 10 years. The Life of Mine has a high probability of being extended through further exploration of the known ore bodies, near mine high priority targets and of Capricorn Copper’s extensive and highly prospective land package. An additional exploration and drilling program, plus the associated mining and metallurgical programs, commenced in January 2017. These programs are aimed at supporting an expansion of the current resource and extension of the Mine Life. There is also upside potential in additional resources being discovered outside of the known mineral resources both near mine and within the extensive land package held by Capricorn Copper.
Country of Operation
Plans and Latest Developments
Capricorn Copper mine – approximately 30ktpa of copper in concentrate at approx. 30% copper grade and 80g/t silver over a 10 year LOM. commenced operations in late 2017 and currently completing ramp up to steady state operations.
LOM extension – exploration and drilling plus updated mine plan, metallurgical program and further plant optimisations to achieve a 30% to 40% extension to the 2016 technical study LOM plan.
Regional Exploration – regional exploration program aimed at new discoveries and regional growth opportunities
Board of Directors
- Owen Hegarty – Chairman
- Craig Williams – Director
- Ian Smith -Director
- John Chomley – Director
- Carl Hallion – Managing Director and CEO
Why should investors invest in you?
Currently, the Joint Venture (between EMR Capital and Lighthouse Minerals) is privately held.
Capricorn Copper will be exhibiting at Energy, Mines and Money Australia. Download the programme now.