Angas Zinc Mine

Profile

The Angas Zinc Mine is 100% owned and operated by Terramin.

Production at Angas commenced in July 2008.  Probable Reserves of 2.15 million tonnes at 10.5% Pb+Zn are sufficient for a five year operation. Situated in prospective ground in an historical mining belt, strong exploration prospects on the Company's tenements could potentially lead to an increase in production and an extension of mine life.

Location

The Angas Zinc Mine is located 2km from the town of Strathalbyn, 60km from Adelaide, the capital city of South Australia, and 70km from Port Adelaide.

Angas Zinc Mine location - click to enlarge the image

Aerial view of Angas Zinc Mine- click to enlarge the image

Status

The 400,000 tonnes per annum (tpa) operation was commissioned in July 2008 at a cost of A$71.4 million with low start up costs aided by the proximity of infrastructure such as mains power. 

Zinc concentrate is trucked 70 km to Port Adelaide for shipment to Asia; lead-copper-gold-silver concentrate is trucked 200 km to the Nyrstar owned Port Pirie lead smelter for further processing within South Australia.

Scope

Ore Reserves are 2.15 million tonnes grading 10.5% Pb+Zn; 31 g/t Ag and 0.5 g/t Au.  Additional Inferred and Indicated Resources total 0.53 million tonnes at 4.9% Pb + Zn. 

The mine has excellent potential for further reserves and resources and future exploration drilling is planned to test these targets. Terramin also has 1,160 square km of exploration titles in the area and an active exploration programme.

The mine will treat 400,000 tonnes of ore during 2010 to produce 48,000-50,000 tonne of zinc concentrate at a grade of 51% Zn; and 18,000-20,000 tonne of lead-copper-gold-silver concentrate at a grade of 49% Pb, 3.5% Cu, 425 g/t Ag and  7.7 g/t Au.

Structure

Terramin has a life of mine offtake agreement with RBS Sempra Metals & Concentrates LLC for all zinc concentrate production and a 5 year offtake agreement with Nyrstar Port Pirie Pty Ltd in respect of the lead concentrate.

Video footage of above-ground operations at the Angas Zinc Mine

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JORC Competent Person Statement