Name of the Project
Woodlawn copper/zinc mine.

Location
New South Wales, Australia.

Project Owner/s
Develop Global (formerly Venturex Resources), through its subsidiaries Tarago Operations, Tarago Exploration and Ochre Resources.

Project Description
The project hosts a high-grade resource of 11.3-million tonnes at 1.8% copper, 5.8% zinc, 2.1% lead, 46 g/t silver and 0.5 g/t gold. Reserves are estimated at six-million tonnes at 1.5% copper, 3.6% zinc, 1.3% lead, 29 g/t silver and 0.4 g/t gold.

The production restart study completed on the project in April 2024 returned exceptional metrics, confirming the mine’s exceptionally strong financial and technical merits, based on an 850 000 t/y underground mine.

The mine plan estimates that Woodlawn will produce an average 12 000 t/y of copper and 36 000 t/y of zinc metal in payable streams over an estimated ten-year mine life, with life-of-mine payable metal of 80 000 t copper and 218 000 t zinc.

Woodlawn will use top-down, longhole open stoping using paste fill, as mining methods.

The mine, as well as processing and other infrastructure, is already in place.

Potential Job Creation
The mine workforce is expected to peak at 250.

Net Present Value/Internal Rate of Return
The pretax net present value is estimated at A$658-million, with a payback of less than two years.

Capital Expenditure
About A$42-million.

Planned Start/End Date
Not stated.

Latest Developments
Develop Global has started concentrate shipments from its Woodlawn copper/zinc mine.

In its June quarterly update, the miner reports first concentrate sales from Woodlawn to offtake partner Trafigura. Commissioning at the site, which restarted under Develop’s ownership, remains on schedule, with nameplate capacity already achieved in plant stress tests.

The company processed 164 000 t of ore during the quarter, yielding 12 689 t of concentrate containing 969 t of copper, 2 340 t of zinc and 545 t of lead. 

Underground development reached 1 449 m for the quarter, with high-grade ore stockpiles of 32 000 t now on the run-of-mine pad. Paste fill commissioning is complete, allowing for stoping to ramp up in the coming months.

Key Contracts, Suppliers and Consultants
GR Engineering Services (upgrade and recommissioning of the processing plant).

Contact Details for Project Information
Develop Global, tel +61 8 6389 7400 or email hello@develop.com.au.