EXPLORATION & DEVELOPMENT

Mount Morgan numbers tell story

Tony James has some simple rules for sizing up and developing mining projects, and they even apply where a mine is missing from the equation. That’s what he and the high-calibre management group assembled at Carbine Resources eventually concluded about Mount Morgan and its ‘famous’ tailings dumps. “It’s a project that just makes a lot of sense,” he says.

Remnant tailings at Mount Morgan in central Queensland, Australia

Remnant tailings at Mount Morgan in central Queensland, Australia

Standout legacies of a giant pyrite deposit that yielded 8.4 million ounces of gold, 1.2Moz of silver, and 400,000t of copper over a century of mining up to 1980 were a mountain of ‘waste’ pyrite and an...

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