Dugald River

The property is located approximately 30 miles northwest of Cloncurry in Queensland, Australia

The deposit is estimated to contain 48 million tonnes of ore, grading 12.1% zinc, 2.1% lead and 44 grams per tonne of silver.

Dugald River is amenable to mining with conventional underground mining techniques and high metal recovery rates are expected to be achieved with standard crushing, grinding and floatation processing. At a capital cost of less than A$500 million and assuming a mining rate of 2 million tonnes per annum, the project is expected to produce 200,000 tonnes zinc, 40,000 tonnes lead and 1.5 million ounces silver per annum in concentrate over a 16 year mine life.