Production stop in Tara

Production in Tara Mines has been stopped due to increased water flows into the mine. The increased water flow resulted from drilling of a pilot raisbore hole for a ventilation shaft. Underground production is not considered possible at this time.

Whilst drilling a pilot raise bore hole for a 1km ventilation shaft, a high flow of water into the mine was encountered, which caused production to be stopped. Inflow volumes are exceeding the capacity of the dewatering infrastructure. The production has been stopped to focus on protecting infrastructure and equipment, whilst also eliminating unnecessary addition of water into the mine. Initiatives have been initiated to stop the flow of water from the pilot raise bore hole. It is at present unclear how long the stop in production will be.