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Critical minerals

Dec 20, 2019
Exploration drilling demand strong going into 2020

Exploration drilling demand strong going into 2020

A strong outlook for gold and battery-material metals such as vanadium and cobalt are driving high demand for North Queensland drilling services, according to Eagle Drilling NQ general manager Sally Forgan. Ms Forgan expects the company to boost its workforce by about 25 per cent to meet demand in 2020. She was commenting after the… ...

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Dec 17, 2019
Boost for Walford Creek mineral resource estimate

Boost for Walford Creek mineral resource estimate

Aeon Metals has released updated Mineral Resource estimates for its Walford Creek copper-cobalt Project in North West Queensland. The total resources for the Vardy and Marley deposits now stand at 35.8 million tonnes at 1.94 per cent copper equivalent over 3.6km strike. There is a significant increase to the Amy mineral resources from 1.8 million… ...

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Dec 16, 2019
Cash on the table to move Walford Creek forward

Cash on the table to move Walford Creek forward

Walford Creek copper- cobalt mine proponent Aeon Metals says it has received a raft of funding proposals. It comes as the company prepares to release an updated mineral resource estimate for the project, 350km north-west of Mount Isa, this week. “While the Indicative Funding Proposals remain non-binding, and there is no certainty that funding will… ...

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Dec 11, 2019
Major project status puts vanadium mine in fast lane

Major project status puts vanadium mine in fast lane

The Federal Government has granted major project status to a North West Queensland vanadium mine, with construction set to kick off in 2020. The fast-tracking of the Saint Elmo project near Julia Creek fits the government goal of positioning Australia as a key global player in critical minerals. Proponent Multicom Resources plans an open-cut mine… ...

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Nov 22, 2019
Updates may upscale Aeon’s Walford Creek plans

Updates may upscale Aeon’s Walford Creek plans

Aeon Metals expects to produce an updated resource estimate for the Walford Creek copper-cobalt project this quarter after wrapping up drilling for 2019. Results announced this week showed continuity of mineralisation in the Amy zone and Marley/Vardy deposits at the project, 350km north-west of Mount Isa. The latest findings are expected to bring added shine… ...

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Nov 19, 2019
State targets ‘new economy’ minerals

State targets ‘new economy’ minerals

The State Government has unveiled a $13.8 million investment package to tap into the ‘new economy’ minerals bounty in North and North West Queensland. In Mount Isa today, Premier Annastacia Palaszczuk said the five-year package aimed to encourage new exploration, re-investigate old mines and probe geological information stores. “Global demand is set to soar for… ...

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Nov 14, 2019
Government boosts support for critical mineral projects

Government boosts support for critical mineral projects

The Queensland Resources Council has welcomed the Australian Government’s announcement of new finance pathways for critical minerals projects, along with a special project facilitation office. Projects which boost Australia’s ability to extract and process critical minerals will be eligible for financial support through Export Finance Australia (EFA). Changes will also be made to allow proje...

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Nov 06, 2019
Sconi centre stage in 2020

Sconi centre stage in 2020

Australian Mines will sharpen its focus on its $1.4 billion Sconi project in 2020, with plans to close an office in New South Wales as it continues to pursue the North Queensland development. Managing director and chief executive officer Benjamin Bell issued a business update in the lead-up to the company’s November 19 AGM. “The primary… ...

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Oct 22, 2019
Australian Mines keen to start Sconi

Australian Mines keen to start Sconi

Australian Mines says it has stepped up funding negotiations for its Sconi battery metals project in North Queensland ‘to progress project construction as soon as possible’. Managing director Benjamin Bell made the comment in the company’s quarterly report, highlighting the significant milestones achieved over the past few months. He also spoke of Les Guthrie joining… ...

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