First production stope fired at Chesney

We’re excited to share that last Sunday 4 February, we fired our first production stope at the Chesney Main Lens since taking ownership of the Peak Mine in 2017.

This news follows our recent announcement about the success of the Chesney North drilling program in which every drill hole completed delivered significant intersections of copper, with many also returning meaningful intersections of gold.

Chesney has a long and interesting mining history. It’s seen three mining campaigns: the first between 1870 and 1910, the next from 1934 to 1953, and the last between 2008 and 2017. This is our first foray into the area.

Chesney will help maintain our copper feed and contribute to our FY24 copper guidance. Looking ahead, it will also form a part of our production portfolio at Peak through to at least 2027.

It’s another way we’re working to fill our mills and optimise our position in the highly prospective Cobar Region.

Pictured here, Mining Engineers, Blake Ardley and Keanu Sydney are standing in front of the stope rill. The copper bearing ore is clearly visible in the photo below.

Congratulations to our Peak Geology, Maintenance and Mining Teams for their incredible work leading up to this firing. Work included: understanding the logistics to get to the stope, the installation of power and ventilation to the area of the mine, rehabilitation of the access level, and final stope design.