About Us
Magellan Metals is the principal and wholly owned operating asset of Ivernia Inc, an international base metals mining, exploration and development company listed on the Toronto Stock Exchange (TSX) under the symbol IVW.
The Magellan Mine is an open cut lead carbonate mine and concentrating facility located 30 kilometres from Wiluna in Western Australia’s Mid-West region. The mine produces lead carbonate concentrate for export to customers in China and other countries.
At full production this unique operation has the capacity to be the world's most significant pure lead mine - accounting for approximately 2% of the total world mined lead production.
The mine was commissioned in October 2005, but placed on care and maintenance in April 2007 following emissions of lead carbonate concentrate dust during bulk loading into ships at the Port of Esperance. Lead carbonate concentrate exports recommenced in September 2009 via Fremantle Port using a new sealed shipment process that sets a new level of industry best practice.
Magellan’s remergence as a significant lead producer coincides with many past decades of under investment in exploration and development of lead production and a growing demand for the metal. There is no new lead mine supply of note scheduled in the near-term and demand for the metal continues to grow - fuelled largely by domestic industrialisation in China and other developing economies. There is every indication that these conditions will extend well into the future.
