A Unique Mine-The world's largest pure lead mine, commenced operations in 2005
Best practise concentrate transport system -88,000 dmtsuccessfully shipped since new system introduced in 2009
Operations on Care & Maintenance since April 2011
A Pure & Unique Product -Lead carbonate concentrate produced from Magellan is very low in impuritiesand unlike lead sulphide concentrates, can be used in both primary and secondary smelters
New Technical Report -On March 30 2011, updated Mineral Resourceand Reserve add significantly to the size of the deposit
Location -The Magellan Mineis located in central Western Australia, 30 km west of Wilunaand 730 km northeast of Perth. The Goldfields Highway passes the front entrance to the mine and Wilunahas an all-weather airstrip.
People-Under normal operations the mine employees 220 people commuting on a FIFO roster from Perth.
Simple mining -Open pit mining is carried out to depths of only 50 metres with an average stripping ratio of 2.4:1.
Processing opportunity -The milled ore is sulphurdizedand then concentrated using traditional froth flotation. The processing plant was achieving best ever performance immediately prior to being placed on care and maintenance.
Ivernia developed concentrate transport system -Concentrate is loaded into 2 tonne bulkabagswhich are then sealed, vacuumed clean and then placed into shipping containers for transport by road, rail and sea to smelters around the world.
Capital Structure & Ownership
(all figures in C$ unless otherwise noted)
Recent Share Price
52 Week High-Low
Cash Position (As at November14, 2011)
Last Reported US$8.8M
*Closed C$5.9M financing on Dec. 7, 2011
Market Capitalization (FD)
95% Institutional, incl.
65% Green SEA Resources Inc. ("GSR")
For additional information please contact:
130 Adelaide Street West, Suite 3303
Toronto, ON, Canada