Mine Details
Twin hills texas silver
http://www.alcyone.com.au/
silver, gold, , Town,
Phone:
Address:
Stanthorpe-Texas Road, Texas, QLD, 4385
State: Stanthorpe-Texas Road, Texas, QLD, 4385
Email:
The Twin Hills silver mine is situated 230 kilometres south west of Brisbane near the town of Texas. It is one of the most southern mines in Queensland and is located at an altitude of 518 metres above sea level.
New Mine Owner Wasting no Time
Although the Twin Hills silver mine has only been in production since 2011, its owner, Alcyone Resources, is already of of Australia's fastest growing resource companies since its re-emergence on the Australian Stock Exchange under it's new name in November 2009. The company was formally known as Macmin Silver Limited. A company placed into administration in 2008 after occasioning financial difficulties during the Global Financial Crisis (GFC).
Re-capitisation of $4 million and a name change has seen the company pull itself out of voluntary administration and once again looking forward to a bright future. Macmin began exploration in the Texas area of Queensland in 1994 and produced 500,000 ounces of silver at the mine from March 2007 to July 2009 when the Twin Hills mine was placed in care and maintenance.
Since re-capitisation and changing its name to Alcyone Resources, the company has been able to pick up from where it was stopped in its tracks because of the financial downturn of 2007/08. Since July 2011 the Twin Hills mine project has once again been producing silver and with the currently known resource will keep doing so for at least the next 10 years or more, depending on exploration results on its tenement holdings in the Texas region. In April 2012 Alcyone Resources acquired a further 900 square kilometres tenement from Navaho Gold Limited that is adjacent to its own tenement holding in the area.
New and Upgraded Infrastructure Lifts Production
The Twin Hills mine has received a new silver extraction unit on the mine site as well as having the infrastructure facilities upgraded since being placed in care and maintenance to further facilitate the mining of silver from the Twin Hills Heap Leach. Infrastructure upgrading has included the upgrading of the processing plant, a large scale Merrill Crowe Silver Recovery Unit and the installing of a new crushing plant. As a result it has already reached its targeted annual production level of between 1.2 and 1.5 million ounces of silver. At the present time there are enough proven resources to keep this level of production up for the next 10 years.
Ten Year Life of Mine Assured
Twin Hills mine owner Alcyone is undertaking an upgrade of its Texas operations and looking at including the Mount Gunyan resource to use as a secondary resource of ore feed for its Twin Hills processing plant. Such initiatives are expected to increase the life of the mine and guarantee its 10 years production target. The company is looking at increasing its resources of silver to a base amount of between 30 and 50 million ounces.
