The first shipment of iron ore from processed waste materials at Frances Creek Mine in the Northern Territory has left Darwin Port.
The NT Government approved the Mining Management Plan for the Frances Creek Mine in March 2020 enabling the processing of existing ore stockpiles at the mine.
The Operator of the mine, NT Bullion, has used x-ray technology from German based Steinert to screen waste rock stockpiles at the site to produce export quality iron ore.
NT Bullion aims to use this world-first technology to convert low grade ore to export-quality iron ore at a low cost.
Related stories:
- Two critical minerals projects win Major Project Status
- Phosphate project wins Major Project Status
- Global iron ore prices hit new high
NT Mining and Industry Minister Nicole Manison said jobs are critical to Territorians and companies like NT Bullion are well placed to take advantage of the fantastic investment opportunities in the Territory and the record high iron ore.
“We know the Territory is resource rich and that a healthy mining sector will deliver more jobs, significantly boost the economy and keep us on track as the Comeback Capital,” Manison said.
As part of its Economic Reconstruction, the Territory aims to become a globally significant hub for minerals production, processing, and manufacturing. It also aims to create more mining jobs in regional areas.