news, local-news, Goulburn, Heron Resources, Tarago, Woodlawn Mine, administration, FTI Consulting
A company that was aiming to revive copper and zinc mining near Tarago has entered voluntary administration. Heron Resources notified the Australian Securities Exchange (ASX) of its decision on Friday. It followed failed attempts to secure what it described as a “suitable transaction” for the Woodlawn Mine project. The company secured state government approval in 2016 to extract 1.5 million tonnes annually of zinc, copper and lead ore concentrates to produce 150,000 tonnes of concentrate, for up to 21 years. READ MORE: Heron Resources forces redundancy at Tarago’s Woodlawn Mine Heron Resources battles to keep Tarago’s Woodlawn Mine afloat …
Read the full article at: https://www.goulburnpost.com.au/story/7352800/administrators-dig-deep-to-give-woodlawn-mine-a-fighting-chance/?cs=181