Unleashing Potential and Environmental Rehabilitation
Hellyer Metals is at the forefront of an innovative environmental rehabilitation project, centred around the reclamation of 11 million tonnes of tailings from the former high-grade Lead/Zinc mine that operated at the Hellyer site between 1989 and 2000.
They are also preparing to unlock the remaining resources within the fully permitted Fossey & Fossey East underground deposits, which boasts significant opportunities for mining expansion. The Fossey East deposit is "open at depth," offering immense potential for extracting valuable metals. Dewatering of the mine will commence in Q4 2023.
One of the key advantages of Hellyer Metals lies in their substantial existing cash flow business (CY$88M revenue and $15M EBITDA).
In addition to the existing tailings reprocessing and recommencement of underground mining, they are in the process of entering new markets with the production and sale of a gold/pyrite concentrate, in Q1 2024.
These operations will continue as they expand exploration on the Mining Lease. A commitment to advanced geological modelling software has empowered their talented team of geologists to identify four high-priority target zones for exploration drilling which is currently active on site.
A qualified and experienced leadership team in place with a track record of value creation. Hellyer Mine Manager Dion Alford has deep underground hard rock mining expertise, having been the General Manager of Henty Gold Mine and Operations and Mine Manager of Carrapateena.
With ambitious plans and a commitment to growth, Hellyer Metals is planning an IPO in 2024. They value enquiry from interested parties.