Back in 2012, Australian Mining reported on development plans by the Queensland Government to unlock $4 billion worth of mineral resources in the state’s North West minerals province.
A potential hot spot for the exploration of rare earth elements was thought to exist at the Mary Kathleen uranium mine, which closed in 1982 after the uranium resource was exhausted.
After assessment of the previously restricted area, the Queensland Government has released a competitive tender for the exploration of the resource-rich area- located 60 km east of Mount Isa in North West Queensland.
The new exploration area encompasses the abandoned Mary Kathleen uranium mine, where approximately 7 million tonnes of ore tailings and other rare earth elements are stored in in a purpose-built dam structure.
The area for tender is comprised of eight sub-blocks with an approximate size of 25.3 km² and includes the Mary Kathleen mine site – an area containing one pit (approximately 230 metres deep), six waste rock dumps, six stockpiles, a 30.7 hectare historic processing area, and a 110.6 ha tailings storage facility and evaporation pond area.
Tenderers will need to demonstrate how they will address legacy environmental issues and observe native title and heritage requirements, whilst being assessed on the willingness to engage with the landholder and the Kalkadoon Native Title Corporation, and with the broader Indigenous community.
The successful tenderer will be granted an exploration permit for minerals with the intent to progress to a production lease.
For more information about exploration opportunities click here.