Paradise South is located adjacent to the Lady Loretta zinc mine owned by Glencore approximately 130km north west of Mount Isa. The mining lease application was submitted by Legend International and is in the final stage of regulatory approvals with the Department of Natural Resources, Mines and Energy.
Paradise South will be an open cut mining operation with mine scheduling completed to excavate up to two million tonnes of phosphate ore per annum over an initial 20 year mine life. The deposit has a total of 436.5 MT (JORC 2004) with a Proven Ore target of 129.0 MT and 35.5 MT of Proven Saleable Concentrate at 32.2%. The JORC 2014 Statement and Resource Upgrade currently being prepared indicates an increased size and quality of the resource that supports up to a 50 year mine life.
The Paradise South mine will include a processing plant onsite to produce the phosphate concentrate product ready for domestic and international markets.