Development

Woodlawn

Ag
Au
Cu
Pb
Zn
Develop Global Limited
New South Wales

,

Australia

Acquisition:

2022 / 08 / 15

Agreement:

Stream

Terms:

80% Ag @ $0/oz capped at A$27M
A$1M per 1.0 Mt tailings ore processed capped at A$10M

The Woodlawn deposit is comprised of 12 known sulphide lenses that form three mineralized horizons locally disrupted by faulting. The zinc, copper, and lead mineralization occurs as massive and stringer sulphide lenses, interpreted to have formed both on the sea floor and in coeval mudstones and volcanic breccia flows.

A positive Feasibility Study was completed in mid-2016 that envisioned an operation with an initial nine-year mine life and potential for exploration upside in the underground mineralized system and regional prospects.

As of August 2022, the Woodlawn Underground Mineral Resource Estimate is comprised of:

  • Measured Resources of 104 kt grading 4.3% Zn, 2.1% Cu, 1.9% Pb, 100.0 g/t Ag and 1.4 g/t Au;
  • Indicated Resources of 4,776 kt grading 5.0% Zn, 1.8% Cu, 1.8% Pb, 42.2 g/t Ag and 0.7 g/t Au; and
  • Inferred Resources of 2,461 kt grading 6.9% Zn, 1.8% Cu, 2.5% Pb, 47.8 g/t Ag and 0.3 g/t Au

(at NSR cut-off of A$100/t, with A$140/t used for remnant lenses).

Recent Activity

    September 2023

    An updated mine plan was announced that stated Woodlawn will be a 0.85 Mt per year underground mine capable of producing 10 kt of copper and 35 kt of zinc annually. The life of mine payable metal is expected to be 60 kt of copper and 190 kt of zinc. An update to the mineral resources is anticipated for the end of 2023.

    July 2022

    Preparations are well advanced for the underground development of drill platforms which will enable an extensive underground drilling campaign to begin by end of year. The drilling is aimed at converting Inferred Resources to Indicated, extending the mineralized lenses at depth/along strike, and drill testing recently identified targets.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

Investor Presentation

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Asset Handbook

With 250 royalties acquired since 2009, we offer an exciting investment opportunity in a diverse portfolio of royalty assets. Discover all of Sandstorm’s royalties around the globe.

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Annual Report

Our 2023 Annual Report includes our annual Financial Statements and Management Discussion & Analysis and a letter from Sandstorm’s President & CEO.

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Sustainability Report

Learn more about Sandstorm’s approach to sustainability including our due diligence process, mining partnerships, and employee engagement.

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