Mining from Deeper Levels at Mount Lyell the 50/60 Series Mining Plan

Mining of copper ore at Mount Lyell has been continuous since 1893. The operation has always been marginal and the depressed copper Market over the last decade has seen mining continue on the basis of a series of short term plans. In 1985 it was determined that the mine would close in 1989 on completion of the 40 Series mining block. Significant changes in the value of the Australian dollar in 1986 and the subsequent effect on profitability dictated a review of the Company's operations. Lower level ore reserves, mining methods and ore handling systems were re-examined and a plan proposed for mining of the 50 and 60 Series mining blocks. The improved economics of this plan, together with workforce and State Government initiatives resulted in an extension of mine life to 1994.