OZ Minerals Spending A$60 million at Carrapateena in 2012
The Carrapateena project is located 130 km from Port Augusta, South Australia, 100 km southeast of BHP Billiton’s Olympic Dam operation and 250 km south-east of OZ Minerals’ Prominent Hill opera-tion. The project is situated approximately 75 km from the Stuart Highway and is rel-atively close to the Adelaide-to-Darwin Railway, via which Prominent Hill concen-trates are currently transported.
Investigations into the design, develop-ment and cost of a potential exploration shaft were advanced during the quarter and discussions with regulators began regarding permitting. Scoping studies for mining options, mining infrastructure (ventilation, materials handling and long-term access), site power supply, and water supply were advanced during the quarter, and metallur-gical studies were begun.
The Carrapateena deposit, like Olympic Dam and Prominent Hill, is an iron oxide copper-gold deposit.
The 2012 exploration program will is mainly test the northern portion of the Carrapateena deposit, with the goal of bringing it into the inferred resource cate-gory. The area is considered to have the potential to host a further 25 million to 45 million mt. Some infill and extension test-ing of the inferred resources to the south will also be completed.