Korella North EPM 28589

Yet to be granted EPM 28589 -  Korella North -  provides a near surface phosphate deposit,  some 22 m thick,  with low-cost entry to commence mining. The adjacent rail provides early opportunity for bulk loading onto rail when there is capacity for ship loading in Port of Townsville. Conceptual geological model and mine plans have been completed utilising extensive drill and quality data from previous exploration. Grant of the exploration lease, expected in 4th Quarter 2023, provides the opportunity to undertake drilling/trenching to delineate mining reserves.

Korella South EPM28187

This granted EPM28187 lies to the south and east of ML 90209. Exploration within the 200 sq.km. area is yet to commence.

The presence of extensive drilling to the north provides the parameters for the drilling program that has been designed for first drilling to prove the southern extension of the deposit present within ML90209.

Cloncurry Phosphate Distribution Hub

This 25 ha site  to be developd as a phosphate distribution hub in Cloncurry is leased from logistics provider Aurizon. The site clearance is underway in advance of a development application to Cloncurry Shire Council. The processing and distribution hub on Round Oak Road will handle bulk and bagged phosphate for sale into the domestic market. The development application is to be lodged later in 2023.

Korella MCP Pty Ltd

A scoping study for the production of monocalcium phosphate – MCP- has been completed. Bench scale production of MCP is proceeding at Monash University.

Plant site within Cloncurry has been agreed with Cloncurry Shire Council.

Exposure of the project to potential technology partners and investors is ongoing. 

Pacific Rare Earths Pty Ltd

The presence of Rare Earth Elements in phosphates within ML90209 as well as EMP28187 has led to testing by CSIRO, ANSTO and Mintech into potential extraction methods. The results of the testing are yet to be reported.

Avenir Makatea Pty Ltd – Selenium Projects

Gunnerside EPM 28676 – Exploration for selenium – Granted exploration area of 9.6 sq km exploration area 20 km west of Hughenden in Far North Queensland with seleniferous Toolebuc formation and  geo-botanical selenium indicator plant Neptunia amplexicaulis present. First exploration activities, being soil and plant testing, are yet to take place.

Tambo EPM 28606 – Exploration for selenium – Granted exploration area of approx. 200 sq.km. with the potential for production of selenium enriched limestone from the Toolebuc Formation in the Rolling Downs group within the Eromanga Basin. First exploration activities being soil sampling yet to take place.

Reports and Presentations