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Critical minerals

Feb 25, 2021
Mount Carbine owner seeks NAIF support

Mount Carbine owner seeks NAIF support

EQ Resources is making a bid for Northern Australia Infrastructure Facility (NAIF) funding to take its Mount Carbine tungsten operations to a new level. It argues the planned Mount Carbine upgrade and expansion aligns with the Commonwealth Government’s aim to support security of critical minerals and strengthen regional development. “The mine, first discovered in 1895, is being brough...

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Feb 08, 2021
Tungsten firm on hunt for expansion funds

Tungsten firm on hunt for expansion funds

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...

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Feb 06, 2021
Look north to turn the tungsten tide

Look north to turn the tungsten tide

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...

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Dec 01, 2020
Budget backs hunt for ‘new economy’ minerals

Budget backs hunt for ‘new economy’ minerals

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...

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Nov 17, 2020
Explorer hits ‘jackpot’ with gold-rich discovery

Explorer hits ‘jackpot’ with gold-rich discovery

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...

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Nov 09, 2020
Croydon project reveals indium potential

Croydon project reveals indium potential

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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Oct 30, 2020
Spotlight on Queensland’s critical minerals might

Spotlight on Queensland’s critical minerals might

A raft of Queensland projects targeting critical minerals such as vanadium, graphite and cobalt are being promoted in an Association of Mining and Exploration Companies initiative. AMEC has compiled an investment opportunities document to pique investor and company interests in the critical minerals sector domestically and internationally. The document contains project information for a ra...

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Oct 16, 2020
Speciality Metals in studies for underground mine

Speciality Metals in studies for underground mine

Speciality Metals is re-assaying historical drill core in work towards a potential underground mine at Mount Carbine. And it has started talks with he Department of Natural Resources, Mines and Energy and contractors setting out detailed planning for reopening the decline at the site for further underground testing. A total of 154 intercepts from 43 historic drill holes outline veining exte...

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