MLN 1124 Annual Report for the period 5 January 2015 to 4 January 2016

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 1124 sits contiguously with MLN 1123 and MLN 1122 which encompass MLN 1121 and the open pit. Tenure for the lease was granted in 1993. MLN 1124 contains support infrastructure for the McArthur River Mine. Normal mining operations took place throughout the year with most of MLN 1124 being utilised for mining operations infrastructure and mine access routes. No exploration activities were carried out during the reporting period.