HomeMinesQLDMt Cuthbert
P: 08 9380 9555 F: 08 9380 9666


  • Information
  • Jobs
  • Owner
  • Map
  • Major Contractor
  • What is mined

The Mount Cuthbert, gold silver and copper mine 100 kilometres north east of Mt Isa, in Queensland is still under care and maintenance while a sale proceeds with an unknown buyer. The sale of the mine was announced in May 2012 and finalisation of the binding agreement is expected to occur on or before March 2013. The Mount Cuthbert open pit mine that is part of the Leichhardt Project is currently owned by Cape Lambert Resources. The sale includes the following:

• A mineral resource inventory that includes primary copper, oxide and transition at the Mount Cuthbert, Ned Kelly, Hidden Treasure, Mighty Atom and Leichhardt deposits that are regarded as prospective for primary copper and oxide deposits

• The Mt Watson open pit 27 kilometres north of the Mount Cuthbert Mine processing plant

• Forty eight granted tenements and three exploration permit applications

• The processing plant at Mount Cuthbert that contains an electrowinning facility able to handle 9,000 tonnes a year of copper cathode

Cape Lambert Acquires Mount Cuthbert Mine From Financially Troubled Matrix

Cape Lambert Resources had previously acquired the Mount Cuthbert/Leichhardt operation from Matrix Metals Limited, in August 2010. The project comes with an existing off take agreement with Glencore International and the mine has been on care and maintenance since being acquired by Cape Lambert from Matrix Metals who were in receivership at the time.

Mount Cuthbert has a Rich Mining History

The Mount Cuthbert mine has a long history in Queensland mining, being one of the many flourishing mines of the first half of last century. Production first ceased at Mount Cuthbert after the fall in copper prices at the end of the First World War. A mining town eventually developed at Mount Cuthbert after a Melbourne based syndicate convinced the Queensland government to extend ther railway line from Cloncurry in 1907. The line was completed in 1915 at a time when the demand for copper, because of the war, was at its highest. The line was extended to the copper smelter that began smelting in 1917. The train was used to cart fuel into Mount Cuthbert for the smelter and take the smelted mineral out.

The population in the town at Mount Cuthbert reached 750 in 1918, it boasted several stores, a horse racing club, a hotel and six boarding houses. It all fell apart after the war when world copper prices plummeted. By 1921 the population had fallen to 267. Three years later nearly all the stores had gone and the railway line was closed in 1949.

Rising Copper Prices led to the Decision to Sell

In April 2011 Cape Lambert Resources began looking at restarting mining at the modernised open pit by evaluating its ongoing potential. In order to do this it began diamond drilling beneath the Mt Watson open pit. This was done with the intention of assessing the level of opportunity of feeding more copper through the Mount Cuthbert copper cathode plant. At the same time it drill tested the Mount Cuthbert leach pads to indicate whether it would be economically viable to once again start irrigating the heaps. This was being done because the copper price had risen 21 percent and looked as if the rise was going to remain high well into the foreseeable future.

The decision was made that the operation had outstanding potential and selling the whole complex would be in the company's interest. This is still the situation at the present time.

Cape Lambert Resources

Cape Lambert Resources Limited is an Australian investment company. They focus on investing in distressed or undervalued companies and too add value to those companies.


Cape Lambert Resources
32 Harrogate Street
West Leederville, WA 6007

P.O. Box 1385
West Leederville, WA 6901


Phone08 9380 9555
fax08 9380 9666

View Cape Lambert Resources Page

We Currently have No Jobs Specified for


Visit Jobs Section

No Information listed at this time ......

Following are the resources mined at Mt Cuthbert

MiningLink teaser banner MiningLink prefered resume writers Civil Link Banner
Heavy Duty Diesel Mechanic
We require HD mechanics with extensive experience on Terex MT4400 and Komatsu 930E Trucks; to start immediately.

EOI Electricians To Work For A Very Good Company
Plenty of work, ASAP start..

Specialist Category Management
Reporting to the Superintendent Category Management, within the Global Category Management (GCM) team

Working At Height Coordinator
Reporting to the Superintendent Shutdown Execution, within the Shutdown Maintenance team

Planning And Engineering Manager
Reporting to the General Manager and based in Perth, the Planning & Engineering Manager provides leadership and direction to both the Planning and Engineering Functions

New Mining Law Commences Today
It has been two years since the Mineral and Energy Resources (Common Provisions) Act 2014 (MERCPA) was passed, and as of today it is now applicable. The new act provides a default agreement where ....

$US13.5m Bond Interest Payment Missed By Samarco
The Brazilian iron ore mining joint venture, Samarco Mineracao, that had suspended its operations in November after a dam disaster has missed an interest payment on a $US500 million bond which was ....

Pressure To Grant Interim Heritage Order For Iconic Upper Hunter Property
Peter Andrews an Upper Hunter farmer, is hoping an interim heritage order may be granted to protect his former property from coal mining. Late yesterday afternoon Mr Andrews met with ....

Pitch By Bill Shorten To New Castle Steel Workers
The following message will be delivered to a room full of steel workers at the Australian Workers Union Aluminium Conference in Newcastle on Wednesday by Labor’s Bill Shorten. Australian workers ....

New Mining Laws Kick In
Yesterday marked the commencement of the Mineral and Energy Resources (Common Provisions) Act 2014 (MERCPA), which comes after a long two-year wait since the Act was passed. Chief Executive ....