TriAusMin has been successfully exploring in New South Wales, Australia for over a decade. Its work has led to the discovery and delineation of substantial mineral resources. In some cases these resources have been evaluated to the feasibility level in preparation for development. Through its efforts, the Company has developed a broad base of experience and respect from the communities and industry within which it operates.
The Company’s major assets include mineral rights to Special Mining Lease S(C&PL)L 20 (“SML20”) and a significant land position adjacent to the former Woodlawn Mine near Goulburn in New South Wales and Exploration Licence (EL) 5583 which hosts the Lewis Ponds poly-metallic deposit near Orange. TriAusMin also owns advanced and early stage exploration prospects and high potential regional exploration targets located elsewhere in the Lachlan Fold Belt of New South Wales.
The Company has an Australasian Joint Ore Reserve Committee (“JORC”) compliant resource inventory which includes 24 Mt of Measured and Indicated Mineral Resources*, plus a further 4 Mt of Inferred Mineral Resource. The in situ metal value of the Company’s resource portfolio is dominated by zinc and copper with the balance attributable to gold, silver and lead.
The Lachlan Fold Belt
This mineral province has become one of the important producers of gold and copper for Australia over the last ten years, having evolved from virtually no production in 1990. The Lachlan Fold Belt was targeted by TriAusMin due to the following characteristics:
- Host to world-class mines and ore bodies
- Inherently low cost of production due to established infrastructure
- The circumstances of past exploration have left relatively large, coherent, prospective areas both ineffectively and inadequately explored
- Stable political environment with native title issues largely extinguished