MLN 1123 Annual Report 5 January 2014 to 4 January 2015 McArthur River Mine

Abstract

The McArthur River mine is one of the world's largest zinc, lead and silver mines, situated about 70 kilometres southwest of Borroloola, near the Gulf of Carpentaria in the Northern Territory. It is operated by McArthur River Mining (MRM), a subsidiary of the Swiss mining company Glencore. Although discovered in the 1950s, when it was originally named the HYC ('Here's Your Chance') deposit, mining operations did not commence until 1995. MLN 1123 sits contiguously with MLN 1122 which encompasses MLN 1121 and the open pit area. Tenure for the lease was granted in 1993. MLN 1123 contains support infrastructure for the McArthur River Mine, including the tailings dam, the camp area and the majority of the runway. Normal mining operations took place throughout the year with most of MLN 1123 being utilised for mining operations infrastructure and mine access routes. During the reporting period, no exploration work was undertaken on MLN 1123.