Mount Carbine tungsten mine owner EQ Resources has engaged Rock Financial Advisory to secure funding to expand the Far North Queensland operation. EQ Resources expects to start approaching commercial and government financiers for debt funding within the next two weeks. EQ Resources, in joint venture with CRONIMET Group, has shipped concentrate to tungsten manufacturers in the US, Europe and...
Tungsten hit national headlines this week when King Island Scheelite secured a $10 million government loan to redevelop its Dolphin tungsten project in Tasmania, with the move heralded as a chance to break China’s stranglehold on a key commodity. But at the other end of the country, EQ Resources is already exporting tungsten from its Mount Carbine project – in a region that is home to a cluste...
Global Energy Metals says it is weighing up ‘next-step options’, including new strategic partnerships, to advance its portfolio of copper-cobalt-gold projects in North-West Queensland. It comes as it continues to work towards a royalty sale to Electric Royalties after receiving Australian Financial Investment Review Board approval. Global Energy Metals has established tenement h...
The Department of Resources’ Geological Survey of Queensland (GSQ) held a two-day workshop at Mount Isa’s Ibis Hotel last month. The workshop outlined the results of a huge investment in data collection and what it could mean for industry by way of minimising the risk in investing in new mineral developments. The data could be leveraged for return thousands of times as working projects, but...
Queensland’s 2020-21 Budget is set to deliver more than $29 million in exploration grants, initiatives and COVID-19 support for the mining sector over the next few years. Resources Minister Scott Stewart said the budget boost for exploration would help drive future resource projects and the thousands of jobs that would flow from them. “This year’s budget will invest $9 million to he...
The Mount Isa region is well positioned to ride the surge in rare earth interest, hosting both light and heavy rare earths associated with different types of mineralisation common to the area, a researcher says. PhD student Ross Chandler is part of a team investigating why some copper-gold deposits in Mount Isa Inlier host rare earths while others do not in an Australian National University an...
Transition Resources says it has ‘hit the jackpot’ near Cloncurry, identifying a multi-billion-tonne, gold-rich mineral system in its tenements. Recent drilling confirmed the system was capable of hosting high-grade gold and new economy metals such as tungsten, cobalt, and highly sought-after heavy rare earth elements, Transition Resources founder David Wilson said. He describ...
Red River Resources says it has defined an extensive high-grade silver-indium system at its Orient project near Herberton. The company recently collected 44 samples from Orient West and 37 samples from Orient East. Sampling at Orient West returned an average grade of 357 g/t gold, 241 g/t indium, 8.2 per cent lead and 5.8 per cent zinc, with peak assays of 1730 g/t gold, 1,289 g/t indium, ...
A fresh look at samples from Crater Gold Mining’s Croydon polymetallic project in North-West Queensland has revealed high levels of the critical mineral indium. The company has released results showing very high indium assaysup to 190.0 ppm. These were obtained from the re-assay of six selected intervals fromthree drill holes drilled in 2006/07 at ‘Anomaly A2’ at the polym...
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