There are very few projects like Carrapateena. It offers the potential of multi-decade production at low operating costs, with the demonstrated potential for further discoveries nearby. It’s situated relatively close to all necessary infrastructure and in one of the best and safest mining jurisdictions in the world. We believe these features will be highly attractive to potential partners to join with OZ Minerals in advancing the development of the Carrapateena Project.
What we do
OZ Minerals purchased the Carrapateena copper-gold project in May 2011. This project comprised four exploration licences covering approximately 1,070 square kilometres in central South Australia on the eastern margin of the Gawler Craton. In April 2013, additional tenements were acquired from Straits Resources, bringing the total land holding to 3,624 square kilometres.
The Carrapateena Pre-Feasibility Study management summary was released on 18 August 2014. The pre-feasibility study demonstrates that the Carrapateena project is both technically and financially viable, with a risk and opportunity profile that is competitive with or better than other global long life copper assets at a similar stage of development.
OZ Minerals has now committed to undertake two key initiatives aimed at maximising the value of its Carrapateena copper assets.
In early 2015, OZ Minerals announced an infrastructure partnership with the South Australian Government to open up future opportunities through joint development of infrastructure. A scoping study completed in 2014 identified significant potential benefits, including potential lower development costs, from the development of new rail infrastructure to transport Carrapateena ore to the existing high-quality processing plant at Prominent Hill.
Following on from this, a rail infrastructure pre-feasibility study has been commissioned to develop this concept. As part of this work, an evaluation of third party build/own/operate financing of the rail will be undertaken, which could see significantly lower upfront capital required to develop Carrapateena. The study is expected to be completed during 2015.