OZ Minerals closer to developing Carrapateena mine project

15/03/2013

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Minister for Mineral Resources and Energy Tom Koutsantonis has welcomed the acceptance by OZ Minerals of a retention lease for its proposed Carrapateena project.

"The South Australian Government's Plan for Accelerating Exploration was a key element in unearthing this exciting new discovery seven years ago so I particularly welcome today's announcement," Mr Koutsantonis said.

"OZ Minerals development of this project is providing jobs and contracts to local people especially in regional South Australia.

'We also acknowledge the positive and collaborative role that the Kokatha Uwankara group have played in advancing this project.

"The acceptance of a retention lease means that OZ Minerals will be able to carry out further exploration work to support the development of a mine at Carrapateena.

"OZ Minerals already operates open-cut and underground mine projects at Prominent Hill, providing jobs and export earnings for South Australia.

"I wish them every success in their determination to develop Carrapateena as a significant mining project for this State.

"I also acknowledge the supportive comments by OZ Minerals managing director Terry Burgess about the positive experience working with the Department of Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) through the regulatory process.

"South Australians should be proud of the world-class performance of DMITRE and its experienced staff.

"Our regulatory framework is one of the reasons explorers and resources and energy companies have the confidence to invest in South Australia."

Discovered in 2005 with assistance from a PACE grant, the iron oxide copper-gold deposit at Carrapateena is similar to the resource being mined at Prominent Hill in the State's Far North.