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QLD expands Mt Carbine Tungsten Mine

The Queensland Government will invest $20 million to significantly extend the life of Australia’s largest tungsten mine in Far North Queensland.

The Queensland Government will invest $20 million to significantly extend the life of Australia’s largest tungsten mine in Far North Queensland.

The Queensland Critical Minerals and Battery Technology Fund (QCMBTF) will allow EQ Resources (EQR) to commence drill testing and trial mining through a reopening of the historic underground mining operations at Mt Carbine Tungsten Mine.

The underground deposit of the open pit is still relatively unexplored, with considerable exploration potential for additional mineralisation to meet forecast global shortages in the critical mineral.

Deputy Premier, Treasurer and Trade and Investment Minister Cameron Dick said the investment through the QCMBTF provides a pathway for EQ Resources to extend the existing mine by further exploring tungsten resources accessible through underground mining.

“New plant equipment, drill testing and trial mining is forecast to increase capacity and extend the mine’s life by at least five years, ensuring global demand for tungsten continues to deliver local opportunities for Far North Queenslanders,” he said.

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Tungsten possesses the highest melting point and tensile strength of all pure metals, making it useful for a range of renewable energy applications, including solar cells, wind turbines, and batteries.

Resources and Critical Minerals Minister Scott Stewart said the resurgence of tungsten production is a remarkable success story in Queensland’s critical minerals boom.

“Since returning to operation in 2019, Mt Carbine Tungsten Mine has become a major employer in the Far North, where 175 workers and contractors are on track to produce about 3,000 tonnes of tungsten concentrate every year,” Stewart said.

EQ Resources CEO Kevin MacNeill said the company is proud of the work its team has put in at Mt Carbine since 2019.

“This investment provides a pathway to extend our mining operations beyond 2029, which is a tremendous outcome for the local community, economy, and our workforce,” MacNeill said.

“Recognised for our efforts in sustainable mining with the 2022 AMEC Award, we are at a pivotal time when the world needs more tungsten to support decarbonisation.

“We look forward to responsibly contributing to the development of clean energy technologies alongside our offtake partners using high-quality tungsten powders in battery technologies and energy storage applications.”

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