Magellan Metals' Canadian parent Ivernia has announced plans to re-start mining at its Wiluna lead mine are well advanced, with the project to be operational again in the second quarter of 2013.

Ivernia's mine subsidiary chairman, Wayne Richardson, said in a statement to the Toronto Stock Exchange overnight that day-to-day management of the operation would be taken up by integrated lead business Energi Metal Group, under a management services agreement.