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Category: Oceania

Mining licence approved for Ammaroo phosphate project

Austrlai’s Northern Territories Government has approved a mining licence for Verdant Minerals’ Ammaroo phosphate project. The approval follows the granting of two mineral leases in March and represents a critical step towards construction and mining operations at one of the world’s largest phosphate resources. Verdant estimates the value of production over the life of the mine to exceed $15 billion. Verdant says that securing the mining licence puts the project firmly on track to reach a final investment decision and commence construction as early as mid-2027. Located 200 kilometres south-east of Tennant Creek, the Ammaroo phosphate deposit contains more than one billion tonnes of phosphate ore.

Kalgoorlie secures major project status renewal

Ardea Resources says that its Kalgoorlie Nickel Project in Western Australia has secured a crucial renewal of its major project status from the federal government for another three years, underscoring the project’s strategic importance, granting it streamlined approvals and direct access to the country’s major project facilitation agency. Located 80 km from Kalgoorlie, the project hosts what Ardea says is the world’s largest undeveloped nickel-cobalt resource, containing 854 million tonnes averaging 0.71% (6.1 million tonnes) of nickel and 0.045% (386,000 tonnes) of cobalt.

SMAC to list on Toronto stock exchange

Queensland-based SMAC (Strategic:Mi nerals:Acid:Critical) Developments says that it plans to list on the Toronto Stock Exchange in December to raise $1.3 million to fund a final feasibility study. The company is attempting to develop sulphuric acid production in northern Queensland to supply local industries. The company plans to initially build a 180,000 t/a sulphur burning acid plant at a site at Cloncurry, followed by a second phase which would involve developing a pyrite roasting plant to generate 550-600,000 t/a of sulphuric acid.