MLN 1122 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. Initially an underground operation, the mine was converted to open-cut in 2006. MLN 1122 was granted in 1993. It encompasses MLN 1121 which contains the main open pit area of the McArthur River Mine. During the reporting period, no exploration work was undertaken on MLN 1122. Normal mining operations took place throughout the reporting period with the majority of MLN 1122 being utilised for mining operations infrastructure and mine access routes.