Just some background as to the progress of the Woodlawn mine.
The New South Wales government has given Australian resources company TriAusMin the green signal to re-open Woodlawn mine.
The mine, located in the Lachlan Fold Belt between Sydney and Canberra was shut in 1998 when its previous owner went into administration.
The company is looking to mine from three current tailings dams before it reopens the underground mine.
The company is looking to mine from three current tailings dams before it reopens the underground mine.
TriAusMin’s managing director Wayne Taylor said the mine has the capacity to produce about 150,000 tonnes of zinc, copper and lead per year for up to 21years, the ABC reported
Technology has improved and we are now able to recover more of the minerals of value out of what’s left,” he said.
But Taylor also said the company needs to overcome the finance hurdle before it begins the venture."
http://www.miningaustralia.com.au/news/woodlawn-mine-to-reopen-its-gates
Hopefully the company can secure funding, and get to mining. It looks like the company thinks the numbers add up and the economics are good. I am expecting, as zinc prices increase, so will the funding offers for this project. Just a matter of sitting back and letting this play out IMO
Very risky DYOR
GL all, wonder if there are any other shareholders out there?
next zinc play, page-2
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