The previously mined North Mine has known high grade mineralisation with potential for a significant ongoing mining operation at Broken Hill.
The North Mine Deeps resource contains 3.7 million tonnes at 11.3 per cent zinc, 13.5 per cent lead and 219 g/t silver making it one of the highest grade deposits in the world.
The Broken Hill North Mine Deeps project has known mineralogy, an existing local mining workforce that can be expanded to accommodate the project and is in close proximity to Perilya’s existing infrastructure.
The known resource can be accessed via either extending the existing operations decline or refurbishing the existing non operational shaft.
In December 2007, the Board announced the decision to proceed with a six month feasibility study on the development of the North Mine Deeps project at Broken Hill.
A pre-feasibility study confirmed a mineral resource of 3.7 million tonnes at 11.3% zinc, 13.5% lead and 219 g/t silver.