Mine with mountains in background

Developing Projects

The Northern Territory has a strong pipeline of developing mining projects.

The Northern Territory has a strong pipeline of developing mining projects, at various stages of the feasibility, approvals or financing process. This includes projects for a diverse range of commodities including copper, rare earths, lithium, gold, vanadium, titanium, tungsten, molybdenum, zinc, manganese, iron, diamonds, phosphate, potash and salt.

As of 29 July 2022, there were 21 projects in approvals processes. These projects represent a combined capital expenditure of $7.3 billion with the potential to create up to 5,400 jobs in construction and up to 4,100 jobs in operations.

View the list of Northern Territory Projects in Approvals.

View the Northern Territory Mineral Projects mapPDF (2.7 MB)

View the Potential Mining Developments report PDF (1.1 MB)

Recent mining developments

CompanyProjectLocationProductDescription

Newmont Mining

Tanami Expansion 2

Tanami

Gold

Mine expansion

NRR Mining

Nathan River

Gulf

Iron Ore

Reopen mine

ICA Mining

Peko Tailings

Tennant Creek

Fe, Au, Cu, Co

Reopen mine

Core Lithium

Finniss (Grants)

Darwin

Lithium

New mine

Details of pending mining developments (Next 12 months)

Company

Arafura Resources Limited

Contact

Catherine Huynh – Company Secretary

Michael Robinson – ESG Manager

Phone: (08) 6370 2800            Email: arafura@arultd.com

Location

135 km northwest of Alice Springs

Description

New mine. Open cut mining, beneficiation to a mineral concentrate and subsequent chemical processing to rare earth products for export. Additionally a merchant grade phosphoric acid product will be exported.

Product

Rare earths & Phosphoric acid.

Resource Reserve

56 Mt containing 2.6% REO, 12% P2O5

29.5 Mt containing 2.9% REO, 13% P2O5

Mine Life

38 years based on mining inventory.

Approvals

Environmental –NT EIS assessment completed with NT EPA Assessment Report & Recommendations issued Dec 2017. Assessment completed by DoEE Canberra with approval issued in May 2018 (consistent with NT EPA recommendations). Section 14A variation (under the Environmental Assessment Act) assessment completed with NT EPA Statement of Reasons issued September 2019.

Community – Native Title Agreement executed with Native Title Holders in June 2020.

Mining – Project Mineral Leases granted July 2020. All major components of Mining Management Plan submitted to government in Dec 2021.

Proposed Schedule

Targeting FID in H2 2022 with first production towards end of 2024.

Construction – H2 2022, subject to approvals & finance           Production – end 2024

Jobs

Construction – 620                    Production – 280 (full time)

Capex

A$1,056 Million (ASX 11 May 2021)

Company

KGL Resources Limited

Contact

Denis Wood – Executive Chairman

Phone: (07) 3071 9003        Email: info@kglresources.com.au

Location

Approx 380 kms by road north-east of Alice Springs

Description

Development of the Jervois Copper Mine based on open cut and underground operation. Ore will be processed via conventional flotation processing facility to produce a copper concentrate Project undergoing further optimisation studies. PFS released Dec 2020 and Feasibility Study due in May-June 2022.

Product

Copper concentrate with silver and gold credits.

Resource

Reserve

22.87 Mt @ 2.04% Cu & 25.7 g/t Ag and 0.25g/t Au

(containing 465,000 tonnes Cu, 18.9 million ounces Ag & 187,100 ounces Au)

9.4 Mt @ 2,41% Cu, 32.9 g/t Ag & 0.39 g/t Au

Mine Life

Initial 7.5 years (Mine plan based on only 56% of Total Resource) envisaged from PFS.

Approvals

Environmental - EIS submitted in Oct 2018. Supplement to EIS submitted July 2019. NT EPA recommendations for Project to proceed received 30 September 2019.

Mining – Mining Management Plan approved and Authorisation granted in Jan 2021.

Groundwater extraction licence granted April 2021 & surface water licence in July 2021.

Some preliminary construction may commence H2 2022 prior to FID in H2 2022.

Proposed Schedule

Construction – H2 2022, subject to finance           Production - Mid  2024

Jobs

Construction – 300 peak                                 Production – 300 peak

Capex

Initial Capex of $200M (from PFS Dec 2020)

Company

Linecrest Pty Ltd

Contact

Rodney Illingworth – Managing Director

Phone: 0439 844 830                           Email: rodney@rai.net.au

Location

Approx 180 kms SE of Darwin and 25 kms NE of Pine Creek.

Description

Reopen the Frances Creek Iron Ore Mine.to extract remnant ore from existing open pits. Conventional open pit mining with onsite crushing and screening of DSO and DSM material. No chemical processing or treatment will occur. Ore will be trucked to the nearby Frances Creek rail siding and railed to Darwin Port for export.

Product

Iron ore lump and fines @ ~ 60% Fe at 1.5 Mtpa

Resource

23 Mt @ 53% Fe

Mine Life

Initial mine life of 7 years

Approvals

Environmental - 2006.                   Mining – subject to approval of MMP.

Mining Management Plan (MMP) submitted in March 2022. Targeting MMP approval in Q3 2022.

Proposed Schedule

Construction – H2 2022                Production – H2 2022

Jobs

Construction – 50                              Production – 150

Capex

US$5M.

Mine Name

WARREGO REHABILITATION PROJECT

Company

Northern Iron Pty Ltd

Contact

Nathan Doab – Project Manager

Phone: 0438 925 944          Email: nathan@northern-iron.com.au

Location

Approx 50 kms NW of Tennant Creek

Description

Reprocessing of the Warrego Tailings through excavation and processing through a wet magnetic separation plant to produce a magnetite concentrate. Non-magnetic tailings will be dewatered and deposited back into the existing tailings dams and rehabilitated. The process will reduce the tailings by approx. half of the original quantity. No chemical processing or treatment will occur. Magnetite concentrate will be trucked to Argyle Rail Siding (along the Warrego Road) and railed to Darwin Port for export.

Product

Magnetite concentrate (high grade).

Resource

9.11 Mt of tailings (JORC 2004) containing 1.91 Mt Fe @ +67%

Mine Life

3-6 years

Approvals

Mining Management Plan submitted in Feb 2022 and approved 8 June 2022.

Proposed Schedule

Construction – H2 2022, subject to finance           Production – Q1  2023

Jobs

Construction – 20-30                                      Production – 30-40

Capex

$48M

Company

Northern Territory Iron Ore Pty Ltd (NTIO)

Contact

Chu Quang Vu – Director

Email: vuquang@hoaphat.com.vn

Location

420 kms south-east of Darwin and 150 kms east of Mataranka.

Description

Conventional open pit mining from Deposit C. On-site processing will involve conventional crushing and screening, to produce 1-2 Mtpa of saleable DSO. Ore will initially be transported by road and rail to Darwin Port for export. In 2023, a Dense Media Separation plant will be incorporated to produce an additional 1 Mtpa DMS product. The option of a future barging operation from the Roper River will also be assessed.

Product

Iron Ore (1-5 Mtpa)

Resource

>490 Mt @ 42% Fe, including >40 Mt @ 58% Fe.

Mine Life

25 years

Approvals

Environmental –NTEPA in May 2014 & EPBC in April 2015.

Mining – pending approval of Mining Management Plan (to be submitted Q4 2022)

Potential barging operations will require further environmental assessment.

Mining of Deposits W & X will require further environmental assessment.

Proposed Schedule

Construction –Targeting H1 2023      Production – Targeting mid 2023

Jobs

Construction – 100                                    Production – 120

Capex

$312M (for stages 1, 2 & 3)

Company

PNX Metals Limited

Contact

James Fox – Managing Director & CEO

Phone: (08) 8364 3188                         Email: james.fox@pnxmetals.com.au

Location

Approx 160 kms SSE of Darwin.

Description

Re-open the historic Fountain Head mines to establish open cut mining operations based on conventional drill and blast mining techniques using excavators and haul trucks. Ore will be crushed, screened and processed using heap leach or CIL techniques. PNX have finalised a sale and purchase agreement for the Glencoe gold deposit located 3kms north of Fountain Head, Glencoe Mineral resource update released April 2021. Updated PFS for sequential development of Fountain Head and Hayes Creek Projects released in June 2021.

Product

Gold dore

Resource

2.94 Mt @ 1.7 g/t gold (Fountain Head)

2.1 Mt @ 1.2 g/t gold (Glencoe)

Mine Life

5 years

Approvals

Development proposals (NOI) submitted to NT EPA in December 2019. In March 2020, NT EPA determine EIS required. Terms of Reference for EIS issued by EPA in May 2020 and Draft EIS submitted in June 2021. Supplement submitted Nov 2021. Addendum to be submitted July 2022. Targeting enviro approvals H2 2022.

Mining approvals dependent on environmental approvals.

Proposed Schedule

Construction – 2023                       Production – 2024

Jobs

Construction – 50                            Production – 134

Capex

$46M (ASX 20 Dec 2021)

Company

Primary Gold Pty Ltd (wholly owned subsidiary of Hanking Australia Investment PL)

Contact

Dr Mark Qiu – Managing Director & CEO

Phone: 0424288016     Email: qiuym@hanking.com.au

Location

Approx 90 kms east of Darwin

Description

Reopening of the mine with development of underground and surface facilities, including refurbishment of existing process plant. The company is currently focused on optimising the integration of Toms Gully, Rustlers Roost and Quest 29. The optimisation study is being progressed to explore the synergies of all three mines collectively called the Mt Bundy Gold Project. The company continues doing regional exploration programs and is reviewing all past studies to update to todays economics and gold price. Subject to MMP approval, the company plans to commence underground and surface development and refurbishment operations in late 2022 or 2023.

Product

Gold

Resource

Global Resource 1.1 Mt @ 8.9g/t Au (315,000 ozs gold)

Ore Reserve 775,000 tonnes at 6.9g/t Au (175,000 ozs gold)

Mine Life

5 years

Approvals

Environmental - Final Assessment & recommendations from EPA in March 2020.

Mining - MMP submitted Mar 2021. Additional info requested. Mining approvals targeting H2 2022. Toms Gully likely to be incorporated into Mt Bundy Project.

Proposed Schedule

Construction – 2022/23                Production – 2023/24

Jobs

Construction – 50 Production – 104

Capex

$62M

Mine Name

NOBLES NOB

Company

Tennant Consolidated Mining Group Pty Ltd

Contact

Michael Tennant – Territory Manager

Phone: 1800 879 028 Email: mtennant@tennantmining.com.au

Rohan Erwin – Chief Operating Officer

Phone: 1800 879 028            Email: rerwin@tennantmining.com.au

Location

Approx 15 kms SE of Tennant Creek.

Description

Reopening of the Nobles Nob mine for mining of remnant ore and higher-grade sections of waste rock dumps for onsite processing through an onsite 700,000 tpa CIL processing plant. After initial onsite mining and processing, the mine will become a central processing plant for regional gold deposits, which will require separate approvals.

Product

Gold dore

Resource

+515,000 ounces (including TCMG-ERM JV resources)

Mine Life

10 years

Approvals

Environmental – Not required

Mining Management Plan (MMP) submitted in March 2022.

Proposed Schedule

Construction – H2 2022                Production – H2 2023

Jobs

Construction – ~80                          Production –   ~160

Capex

$80M.

Details of potential mining developments (Next 13-60 months)

Company

Avenira Limited (Minemakers Australia Pty Ltd)

Contact

Brett Clark – Chairman

Phone: (08) 9264 7000     Email: bclark@avenira.com

Location

250 kms east of Tennant Creek

Description

Proposed open cut mine with processing on-site or Tennant Creek using a thermal phosphoric acid plant to battery phosphorous and fertilizer grade phosphoric acid and rock. Phased development producing sufficient battery grade phosphorous to supply a circa 100,000tpa LFP pre cursor cathode plant.

Product

Iron Phosphate and Phosphoric acid

Resource

842 Mt @ 18.1% P2O5 (10% cut-off ); 1,406 Mt @ 13.5% P2O5 (5% cut-off )

Mine Life

>30 years

Approvals

Environmental: June 2013      Mining – pending Mining Management Plan

Proposed Schedule

Development schedule dependent on running parallel options of existing proven Thermal Phosphoric technology and validation of Novaphos IHP technology. Existing Thermal Phosphoric acid technology relies on “off the shelf” equipment and provides a low risk option. IHP technology has evolved in the last 2 years with introduction of a Radial Hearth Furnace and needs verification from a commercial production perspective. Scoping Study for Thermal Phosphoric Acid Plant with Phosphorous and Phosphoric Acid is due for completion Q3 2022. PFS due to commence H2 2022 and BFS due to commence in 2023 with FID in 2024.

Jobs

Construction – Up to 200    Production – 110 rising to 350 at full production

Capex

Estimated initial capital $350M (stage 1) increasing to $1.2B over 6 years.

Company

Castile Resources Pty Ltd

Contact

Mark Hepburn – Managing Director

Phone: 08 9488 4480    Email: : mark.hepburn@castile.com.au

Location

Approx 70 kms SW of Tennant Creek

Description

The IOCG Rover 1 deposit will be the first mine to be developed in the Rover Mineral Field located to the south west of Tennant Creek. The Project will involve the development of an underground mine with onsite processing facility and associated infrastructure. Commencement of Pre-Feasibility Study in Mar 2020. Recent completion of resource drilling at Rover 1 will result in an upgraded Mineral Resource Estimate and release of the Pre-Feasibility Study in mid-2022. Environmental, geotechnical and metallurgical studies are in progress.

Product

Gold Bullion, Copper Metal, Pure Cobalt Metal, and High Grade 96.6% Coal Washing Magnetite Product. (All products are for direct sale to “End Users”)

Resource

4.747 million tonnes @ 1.73 g/t Au, 1.63% Cu, 0.08% Co and 24.04% Magnetite. (JORC 2012)

Updated Resource released Mar 2022, resulted in substantial upgrades to indicated resources of copper, gold & cobalt and maiden indicated resource of magnetite.

Mine Life

To be determined upon completion of Pre-Feasibility Study. Current research data includes Processing Plant designed for 500,000 tpa with a minimum of 8 years.

Approvals

Environmental –. Environmental studies in progress. Referral to be submitted in 2022 after release of Pre-Feasibility Study.

Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

Construction – TBA                            Production – TBA

Jobs

Construction – 200                             Production – 140

Capex

TBA

Company

Core Lithium Limited

Contact

Blair Duncan – Chief Operations Officer

Phone: 0448 883 204    Email: bduncan@corelithium.com.au

Location

Approx 38 kms SSW of Darwin and 5.8 kms SSE of Grants mine

Description

BP33 (stage 2 of the Finniss Project) is a proposed underground mine involving a box-cut portal to a depth of 60-70m and construction of approx. 2150 metres of decline to access mine production levels over a four year mine life. Ore will be transported approx. 7.5 kms along a purpose built haul road to the Grants open pit mine and processing plant. No chemical processing is required.

Product

Pegmatite concentrate (6.0% Li2O).

Ore Reserve

10.6 million tonnes @ 1.3% Li2O. (ASX: 12/07/2022)

Mine Life

Approx 12 years

Approvals

Environmental – The Notice of Intent was submitted in April 2020 and in September 2020 the EPA determined that the project would be assessed as a Supplementary Environmental Report under the new Environment Protection Regulations. Mineral Lease ML 32346 granted Jan 2021. SER submitted Nov 2021 & approved May 2022

Mining – Mining approvals subject to approval of MMP submitted June 2022.

Proposed Schedule

Construction – 2024/25 Production – 2025/26

Jobs

Construction – 60                          Production – 125-150 (for Finniss Project)

Capex

$33.79M

Company

Enova Mining Limited (formerly Crossland Strategic Metals Limited)

Contact

Eric Vesel – CEO/Executive Director

Phone: +60199887931 (Malaysia)        Email: contact@enovamining.com

+61419802839 (Aust)

Location

Approx. 95 km WNW of Alice Springs

Description

Potential new mine. Open cut mining & processing of rare earth minerals from alluvial sands using a wet concentrator and dry separation processes to produce concentrates for leach extraction, with further potential to mine and  process in situ weathered rock below the sands. Planned products include scandium and the refinement of rare earth mixed product to extract rare-earth group products onsite.

Product

Rare earths and scandium oxide products and possibly other heavy mineral by-products.

Resource

Resource estimate released in 2013 (not currently 2012 JORC compliant)

Mine Life

Scoping Study released in 2013 based on 20 years + (additional potential)

Approvals

Development proposals yet to be submitted.

Proposed Schedule

Drilling program completed in March 2019.Since 2020 the company has completed laboratory hydrometallurgical tests to assess leach extraction of rare earth and scandium metals. As of June 2022, further leach test work is planned with a drilling program in Aug 2022 to recover bulk samples to validate gravity separation processes. Specialist consultants have developed an interim resource model. Assessment of this model awaits metallurgical test work and process concept as required for completion of a study establishing Reasonable Prospects for Eventual Economic Extraction (RPEEE) as required by JORC 2012. Resource estimate for an integrated gravity and leaching processing concept is expected to be complete by late-2022 & Scoping Study in 2023 (subject to finance). Refer ASX 29 April 2022.

Jobs

150

Capex

$250M

Company

Agnico Eagle Mines Ltd – NT Mining Operations Pty Ltd

Contact

To Be Advised

Phone: TBA                              Email: TBA

Location

Approx 175 kms south-east of Darwin and 20 kms north of Pine Creek.

Description

Proposed underground mining operation with onsite processing at existing Union Reefs processing plant. Mining of mineralised trends below the previously mined Union North, Prospect, Lady Alice and Crosscourse Pits. Underground operations will be accessed via a portal and decline from within the existing Prospect Pit. Ore will be processed at existing Union Reefs processing plant.

Product

Gold dore.

Ore Reserve

Initially 276,089 tonnes containing 39,232 ozs gold.

Mine Life

Initially 2 years

Approvals

Environmental –The EIS was submitted on 25 November 2019 and the NT EPA completed the assessment process with release of the Environmental Assessment Report on 26 June 2020. Federal environmental approval was issued on 28 September 2020.

Mining – subject to approval of Mining Management Plan (yet to be submitted).

Proposed Schedule

Construction – 2023/24 (TBC)         Production – 2024/25 (TBC)

Jobs

Construction – 16-20                           Production – 80

Capex

To be advised

Company

Korab Resources Limited

Contact

Andrej Karpinski – Executive Chairman

Phone: (08) 9474 6166                         Email: akk@korab.com.au

Location

Approx 70 kms south of Darwin and 2 kms east of Batchelor.

Description

Magnesium metal production – potential shallow open pit mining operation with on-site processing, crushing, screening, sorting, kiln calcining, magnesium metal production in a DSC electric arc furnace and magnesium metal refining.

Magnesium Carbonate DSO production - potential shallow open pit mining operation with on-site processing through simple crushing, screening and sorting. Ore will be trucked to Darwin port for export.

Results of the Scoping Study for production of 50,000 tonnes per year of magnesium metal, magnesium carbonate ore and Dead Burned Magnesia released March 2022. Results of the Feasibility Study into production of magnesium carbonate ore and magnesium oxides (Dead Burned Magnesia (DBM) and Caustic Calcined Magnesia (CCM)) released in Jan 2015 and updated in Mar 2018, Sept 2018 and April 2019.

Product

Magnesium Metal, DBM, CCM, Magnesite (Magnesium Carbonate) DSO

Resource

16.6 Mt @ 43.2% MgO

Mine Life

Magnesium metal Scoping Study based on 14 years at mining rate of 870,000 t.

DSO Pre-Feasibility Study based on 300,000 tpa for 10yrs or 600,000 tpa for 5 yrs.

Approvals

Development proposals yet to be submitted.

Development subject to environmental and mining approvals.

Proposed Schedule

Construction – 2023                       Production – 2024/25

Jobs

Construction – TBA                         Production – Up to 120

Capex

Magnesium metal production - $409-422M (from Scoping Study).

Magnesium Carbonate (DSO) - $2.5M (from Pre-Feasibility Study).

Company

Lucapa Diamond Company Limited

Contact

Stephen Wetherall – Managing Director

Phone:  08 9381 5995   Email: : general@lucapa.com.au

Location

Approx 720 kms SE of Darwin

Description

Reopen the Merlin Diamond mine site. The proposal will involve open pit mining and expansion of all existing open-cut pits via conventional load and haul methods. In all cases the open pit mining will be extending the depth of existing open pits, except for the Bedevere pipe which has not been mined previously. At the completion of open pit mining, a vertical pit mining method will be used. The vertical pits will be mined to a maximum depth of 125m below the base of the open pit. A new processing plant will be constructed on the old plant site. Scoping Study released in Dec 2021 and Feasibility Study due in Q3 2022.

Product

Diamonds (average of 153,000 carats/annum)

Resource

27.7 million tonnes @ 16 carats per tonne for 4.354 million carats (JORC 2012)

Mine Life

14 years

Approvals

Environmental – Referral to NT EPA in Q3 2022 after release of Feasibility Study.

Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

Construction – 2023 Production – 2024

Jobs

Construction – 120+                           Production – 200 +

Capex

$96M (Pre-production capex) plus $48M (Post-commissioning capex)

Company

PNX Metals Limited

Contact

James Fox – Managing Director & CEO

Phone: (08) 8364 3188      Email: james.fox@pnxmetals.com.au

Location

Approx 170 kms SSE of Darwin

Description

Re-open the historic Iron Blow and Mt Bonnie mines to establish open cut and underground mining operations and a regional 450,000 tpa processing plant at Fountain Head mine site. Scoping Study completed Mar 2016 & Preliminary Feasibility Study completed in July 2017.Updated PFS for sequential development of Fountain Head and Hayes Creek Projects released in June 2021.

Product

Zinc in concentrate, Precious Metals in concentrate

Resource

4.15Mt @ 4.4% zinc, 2.03 g/t gold, 128 g/t silver, 1% lead and 0.3% copper for contained metals of 182Kt zinc, 271Koz gold, 17.1Moz silver, 41Kt lead & 12Kt copper.

Mine Life

6.6 years

Approvals

Development proposals (NOI) submitted to NT EPA in August 2018. In Dec 2018, NT EPA determine EIS required. Terms of Reference for EIS issued by EPA on 2 August 2019 and Draft EIS scheduled for submission in Q2 2020. EPBC referral submitted in Feb 2019 and determined as “Not a Controlled Action”. NOI submitted to NT EPA in Dec 2019 for priority development of open pit mining and gold processing at Fountain Head. Hayes Creek Project to be developed sequentially after Fountain Head Project.

Mining approvals dependent on environmental approvals.

Proposed Schedule

Construction – 2025/26                    Production – 2026/27

Jobs

Construction – 150                              Production - 130

Capex

Approximately $65M (PFS June 2021)

Company

Primary Gold Pty Ltd

Contact

Dr Mark Qiu – Managing Director & CEO

Phone: 0424288016      Email: : qiuym@hanking.com.au

Location

Approx 100 kms SE of Darwin

Description

Reopen the Rustlers Roost and Quest 29 mine sites. The proposal will involve open-cut mining and expansion of all existing open-cut pits via conventional truck and shovel methods. A new open pit called Annie Oakley 800m to the west of Rustlers Roost will be added to the project. The mine sites are approx. 11 kms apart. Ore from both sites will be processed at a conventional Carbon in Leach processing facility located at Rustlers Roost site to produce gold bullion. Feasibility Study updated Nov 2021. Ore will be processed at a rate of 4.5 million tonnes per annum over a 12 year mine life.

Product

Gold dore

Resource

109 million tonnes @ 0.9 g/t Au for 3.0 million ozs (Mar 2022)

Mine Life

12 years

Approvals

Environmental –Draft EIS submitted to NT EPA in Nov 2021.In Feb 2022 the EPA advised of further information for the Supplementary EIS. Supplementary EIS to be submitted in June 2022.

Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

Construction – 2023 Production – 2024

Jobs

Construction – 100+                          Production – 210

Capex

$350M

Company

South 32 Pty Ltd (GEMCO)

Contact

DK Mukhopadhyay

Email: RRGovernance@South32.net

Location

Approx 650 kms SE of Darwin

Description

Develop a number of additional quarries on the Eastern Leases, approx. 2 kms east of

the existing mine. Ore will be trucked to the existing GEMCO mine facilities for processing and exported from the existing Milner Bay port.

Product

Manganese ore

Resource

The Mineral Resource within the Eastern Leases is reported as part of the total Mineral Resource for GEMCO and is published in the Annual Report at www.south32.net

Mine Life

Eastern Leases will extend the current operational mine life by 4 years.

Approvals

NT Environmental Assessment completed in March 2016. Commonwealth EPBC approvals obtained in June 2016. ALRA Mining Agreement obtained in May 2016. Mineral Leases granted in August 2016. NT Aboriginal Sacred Sites Act Authority Certificate obtained in November 2016. Mining Management Plan submitted in Sept 2021 and approved Feb 2022.

Proposed Schedule

Construction – TBA                      Production – TBA

Jobs

Construction – TBA                     Production – Existing Workforce

Capex

TBA – ($160M from 2015 EIS)

Company

Tellus Holdings Ltd                           www.tellusholdings.com.au

Contact

Mr Nate Smith – Chief Executive Officer

Phone: (02) 8257 3395      Email: info@tellusholdings.com.au

Location

Approx 120 kms south of Alice Springs

Description

New mine and hazardous waste facility. Development of an underground rock salt mine for industrial and edible salt and using the voids resulting from mining for secure long term storage of equipment and archives recovery of valuable materials and permanent isolation of difficult to manage wastes including hazardous chemical wastes as listed under the NT Schedule 2 of the Waste Management Pollution Control Regulations. A surface storage and transfer facility will support operations at the Chandler Facility. Surface facilities include dry salt processing plant, offices, workshops, utilities services and an onsite accommodation. PFS (FEL2) completed in Q3 CY2016.Subject to the outcome of further negotiations regarding the Project’s Indigenous Land Use Agreement, all future work and capital expenditure is currently on hold. If an ILUA is reached, the Tellus Board will consider the remaining Project risks before approving future capital expenditure.

Product

Industrial and edible salts; Storage of equipment and archives; and Long term storage, recovery and permanent isolation of difficult to manage hazardous chemical wastes.

Resource

309 Mt Halite (NaCl) JORC Measured Resource = 525 year mine life at an average of 500,000 tonnes per annum.

Mine Life

Minimum 25 years with potential to exceed 100 years

Approvals

Environmental – NT environmental assessment process completed on 30 November 2017. Federal EPBC Act approvals issued 11 September 2018.

Project section 14A Amendment approved by NT EPA in June 2020.

Mining – Pending all environmental approvals, FEL 3 & Mining Management Plan.

Proposed Schedule

Construction (Chandler Mine) – On hold until further notice;   Temporary storage at Chandler mine site –On hold until further notice                Production – H1 CY2026

Jobs

Construction – 270                                              Production – 150 to 180

Capex

$676M (including financing costs)

Company

Thor Mining PLC

Contact

Nicole Galloway Warland – Managing Director

Phone: (08) 7324 1935      Email: corporate@thormining.com

Location

240 kms northeast of Alice Springs

Description

Proposed open pit mining operation with on-site processing by flotation to produce W and Mo concentrate. Definitive Feasibility Study upgrade completed in August 2018. Letter of Intent signed for tungsten offtake. Development subject to finance. Additional drilling being undertaken to increase resource and mine life.

Product

Tungsten (scheelite) and Molybdenum concentrates.

Resource

4.7Mt at 0.28% WO3 and 0.13% Mo (indicated and inferred)

Plus Bonya Tungsten deposits (740,000T @ 0.21% WO3 and 0.09% Cu) Bonya Copper deposit (230,000t @ 2%Cu – Inferred) (40% Thor)

Reserve

Open cut Ore Reserve of 3.5 Mt at 0.29% WO3 and 0.12% Mo (probable)

Mine Life

Initially 7 year as open pit, with substantial upside potential from subsequent underground potential and from nearby outcropping Bonya tungsten resources, and copper resource at Bonya.

Approvals

Environmental – Nov 2011              Mining – pending approval of MMP

Proposed Schedule

Development subject to obtaining project finance and securing the balance of concentrate off-take agreements.

Construction – 2023                               Production – 2024

Jobs

Construction – 60                                  Production – 70

Capex

$69M

Company

TNG Limited

Contact

Paul Burton – Managing Director

Phone: (08) 9327 0900      Email: peb@tngltd.com.au

Location

235 kms north of Alice Springs

Description

Integrated open pit mining and processing operation at Mount Peake Site. TNG’s proprietary TIVAN processing technology developed to produce high purity vanadium titanium and iron products. Definitive Feasibility Study completed July 2015 and updated in November 2017. Optimised delivery strategy released September 2019. FEED completed by SMS Group 2021 with value engineering being undertaken by Clough Projects Australia. Vertically integrated project and operation with all processing to final high value product taking place on the granted Mount Peake Leases.

Product

High purity Vanadium (99% V2O5), Titanium Pigment & Iron oxide (+64%).

Resource

160Mt @ 0.3% V2O5, 5% TiO2, 23% Fe (120Mt Measured JORC)

Mine Life

37 years

Approvals

NT Environmental Assessment Report and Recommendations in January 2018. Federal EPBC environmental approval in May 2018. All Mineral Leases and Access Authorities for the Mount Peake Mine and infrastructure were granted in November 2018. Mining Management Plan submitted Nov 2020. Federal Major Project Status awarded March 2021. A revised EIS & Mining Management Plan, for the integrated site is in progress.

Proposed Schedule

Construction – Under review                Production – Under review

Jobs

Construction – up to 1800                    Production – up to 1200

Capex

Under review for the onsite integrated mine and downstream processing facility.

Company

Verdant Minerals Ltd

Contact

Chris Tziolis – Managing Director

Phone: (08) 8942 0385    Email: ctziolis@verdantminerals.com.au

Location

220 kms SE of Tennant Creek

Description

New mine – open cut strip mining operations with crushing and screening to produce Phosphate Rock for conversion to phosphoric acid for the manufacture of ammonium phosphate fertilizers.

Bankable Feasibility Study (DSO) was completed in May 2018. Takeover by CD Capital in June 2019 & company privatised – currently assessing ammonium phosphate production option.

Product

1,000,000 tpa Ammonium Phosphate

Resource

Global Resource of 1.145 billion tonnes @ 14% P2O5 (10% cut-off) or 338 Mt @ 18% P2O5 (15% cut-off)

Measured Resource of 138 Mt @ 15.7% P2O5 (10% cut-off)

Mine Life

25 years plus (Potentially as much as 100 years)

Approvals

Environmental – Oct 2018 (NT) & June 2018 (Federal) for rock phosphate project.

A variation to the Project for production of ammonium phosphate is now required.

Mining – pending grant of Mineral Leases & approval of Mining Management Plan.

Proposed Schedule

Construction – 2024                          Production – 2027

Jobs

Construction – 1000                           Production – 250

Capex

Estimate $2 Billion

Company

Vista Gold Australia Pty Ltd

Contact

Brent Murdoch – Director & General Manager Australia Phone: (08) 8941 9105                   Email: bmurdoch@mttodd.com.au

Location

250 kms south of Darwin and 55 kms north of Katherine

Description

Reopen the Mt Todd Gold Mine. Conventional open pit mining extracting up to 17.8 million tonnes per annum of ore for onsite processing through newly constructed CIL Plant. Prefeasibility Study and NT Environmental Impact Statement completed.

Federal approval under the EPBC Act was granted in Jan 2018. An update of the Prefeasibility Study was completed in Jan 2018. The Mt Todd Agreement between the NT Government and Vista Gold has been extended until 2023. A further update of the Pre-Feasibility Study released in Sep 2019. Feasibility Study released Feb 2022.

Product

Gold dore (av. 395,000 ozs pa)

Resource

7.4 million ozs of measured and indicated and 1.7 million ozs of inferred

Mine Life

23 years (including 2 years construction plus 5 years closure/reclamation)

Approvals

Environmental – June 2014 (NT), Federal EPBC approvals issued Jan 2018.

Mining – MMP approval in June 2021. Finance and FID in H2 2022.

Proposed Schedule

Construction – 2023/24 Production – 2025/26

Jobs

Construction – up to 450              Production – 400

Capex Initial

US$892M (from Feasibility Study Feb 2022)

Company

Winchelsea Mining Pty Ltd

Contact

Mark Hewitt – CEO Winchelsea Mining

Phone: TBA                        Email: mhewitt@wmining.com.au

Location

Approx 650 kms SE of Darwin and 50 kms off the eastern coast of Arnhem Land.

Description

Conventional open pit strip mining utilising excavators and dump trucks. Ore will be hauled by dump trucks to mobile crushing and screening units for processing and then to stockpiles adjacent to the barge loading facility. Fine product will be stockpiled in an enclosed shed and lump/coarse product will be stored in the open adjacent to the fines storage shed. Product will be reclaimed by front-end loader and fed onto a conveyor to the BLF where manganese will be loaded on to barges and transhipped to Handymax vessels in the offshore anchorage location.

Product

Lump and fine manganese ore

Resource

18.5 million tonnes @ 20.9 % Mn (Nov 2020 JORC Report) – update due July 2022

Mine Life

Estimated mine life of 12 years

Approvals

Environmental – Referral submitted to EPA in Dec 2020 and a variation to the Referral submitted in May 2021. The EPA require EIS in Aug 2021 with TOR issued in Nov 2021. EIS is well underway and due to be completed and ready for submission in 2022.

Mining Agreement between the Anindilyakwa Land Council and Winchelsea Mining was completed in April 2021. Mineral Lease 32704 was granted on 25 Mar 2022 for a period of 30 years.

Mining – Mining approvals are subject to environmental approvals and MMP.

Proposed Schedule

Construction – 2023                 Production – 2024

Jobs

Construction – 100                   Production – 55 plus 100 personal support services staff

Capex

$100M