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Lady Loretta 

 Description of operation

Located 140 kilometres north-north west of Mount Isa in Queensland, Lady Loretta mine is currently under construction.

The high grade zinc-lead-silver deposit is a strategic asset within the Australian zinc portfolio. Its higher grade zinc improves the overall quality of the Mount Isa resource base and increases annual average zinc production from the region by around 20% to 100,000 tonnes.

The deposit is well defined. Four feasibility studies and more than 70,000 metres of drilling have identified an unusual and challenging syncline shape to the ore.

A new village will be built over the next two years to accommodate the operational workforce. It will include premium air-conditioned accommodation units, a pool, gym, messing facilities and general store.

The mine will create jobs for up to 230 contractors at peak of construction in 2013, followed by a similar number of permanent operational employees when operational.

As a new mining team, Lady Loretta offers a unique opportunity for experienced hard rock miners and professionals to join a mine which by its very nature demands high performance.

For information, please contact lloretta@xstratazinc.com.au

 Brief History of the operation

The Mining Licence was originally granted on 26 January 1984 for an initial term of 21 years and was renewed on 1 February 2005 for a further 21 years, which expires on 31 January 2026. Xstrata and Mineral Securities Limited also hold, in the same proportions, a Term Lease, which was granted on 30 August 2004 (replacing an earlier Special Lease) and expires on 29 August 2025 which covers an area of 22,000 hectares, including most of the surface area of ML5568.

Fast Facts
Location Queensland, Australia
Products Zinc