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Developing Projects
The Northern Territory has a strong pipeline of developing mining projects, at various stages of the 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, phosphate, and salt.
At 1 October 2024, the Northern Territory has 19 developing mining projects worth a combined estimated CAPEX of $6B, and an estimated 3500 jobs in construction and 3500 jobs in production. A summary of key developments during the period between October 2024 and February 2025 include:
- Northern Iron Ltd’s Warrego Rehabilitation Project exported the first shipment of 47 000 t of magnetite concentrate in January 2025.
- KGL Resources Ltd released an Updated Feasibility Study outlining new project metrics based on an updated Ore Reserve of 14.38 Mt @ 1.77% Cu, 0.26 g/t Au & 26.27 g/t Ag (ASX: 10 Feb 2025).
- Arafura Rare Earths Ltd executes binding term sheet for A$200 million of Convertible Notes with the National Reconstruction Fund Corporation (NRFC). Arafura expects this milestone to be catalyst for additional equity funding for the Nolans Project, attracting additional strategic investment (ASX: 15 Jan 2025).
- Avenira Ltd has submitted an amendment to its existing MMP for a 1.3 Mt DSO operation (ASX: 9 Jan 2025).
- Tennant Creek Mining Group Consolidated (TCMG) Pty Ltd was wholly acquired by Pan African Resources (PAR) PLC in November 2024. The construction of the Nobles Nob CIL plant continues with gold production from existing stockpiles tracking to commence in Q3 2025. As part of the acquisition, PAR announced feasibility results and total mineral resources of 1.3 million ounces of gold across the TCMG/Emmerson JV, and current ore reserves of 400 000 ounces of gold. (Company announcement: 7 Nov 2024).
- Mining approval has been granted for Patronus Resources Ltd’s Fountain Head project, moving the NT government’s project status from in approvals process, to approvals in place (ASX: 4 Nov 2024).
- Vista Gold’s Mount Todd is currently evaluating a smaller scale project with production of 150–200 koz per annum with an initial CAPEX of US$400M (reduced from US$1.03B) and an updated feasibility to be released in 2025 (Vista Gold presentation, October 2024).
- On 14 November 2024, the draft Territory Coordinator Bill (draft Bill) and Guide to the Territory Coordinator Bill (the guide) were released for consultation. Public engagement on the draft Bill closed on 17 January 2025. Substantial feedback has been gathered and will be summarised in a publicly available consultation report, which will inform amendments to the draft Bill. The revised Bill will be introduced to the Legislative Assembly in the February sittings, before being referred to the Scrutiny Committee for additional consultation
- On 27 November 2024, the NT Government announced the Approvals Fast Track Taskforce that will provide recommendations to Government on how to reform regulatory processes, and reduce approvals timeframes.
- On 2 January 2025, the NT Government announced reforms to payroll tax-free threshold for small business. The reforms include increasing the tax-free threshold from $1.5 million to $2.5 million, with businesses with wage bills between $2.5 million to $7.5 million set for tax bill decreases from 1 July 2025.
The Mining Developments Report now includes summaries of major operating mines with publicly available information.
Download the February 2025 release of the Mining developments report PDF (4.0 MB).
Download the February 2025 release of the Major mines and projects map PDF (879.1 KB).
View NTGS defined terms for mines, projects and exploration.
Developing projects in the Northern Territory
Company | Project | Commodity | Proposed Construct | Proposed Production | Estimated CAPEX | Project Status | Estimated Jobs (construct) | Estimated Jobs (operate) | Mine Life |
|---|---|---|---|---|---|---|---|---|---|
Tennant Mining TCMG Pty Ltd | Nobles Nob | Au | Underway | Q3 2025 | $94M | In construction | 80 | 160 | 8 yrs |
Nolans* | Rare earths, P2O5 | 2025 | 2028 | $1,680M | Approvals in place | 682 | 366 | 38 yrs | |
Jervois* | Cu, Ag, Au | Q3 2025 | 2027 | $362M | Approvals in place | 450 | 500 | 10 yrs | |
Spring Hill | Au | TBA | Q1 2025 | $23M | Approvals in place | Up to 95 | 140-165 | 1.5 yrs initial | |
Mount Todd* | Au | 2025 | 2027 | Initial US$400M | Approvals in place | 450 peak | 400 | 23 yrs | |
Finniss (BP33) | Li | TBA | TBA | $45-50M | Approvals in place | 40 | 125-150 | 9 yrs + | |
Fountain Head | Au | 2025 | 2026 | $46M | Approvals in place | 50 | 134 | 5 yrs | |
Bacchus Resources Pty Ltd | Brocks Creek | Au | 2026 | 2027 | $65M | In approvals process | 60 | 75 | 30 yrs + |
Rover 1* | Cu, Au, Co, Fe | 2025/26 | TBA | $279.5M | In approvals process | 200 | 140 | 8 yrs initial | |
Wonarah | P2O5 | Q3 2025 | H2 2025 | Initial $11.5M | In approvals process | 50 | 25-50 | 30 yrs + | |
Mount Bundy | Au | 2025 | 2026 | $394M | In approvals process | 150 | 200-300 | 11-13 yrs | |
Ammaroo* | P2O5 | 2025/26 | 2026/27 | $700M | In approvals process | 400 | 250 | 25 yrs + | |
Linecrest Pty Ltd | Frances Creek | Fe (hematite) | 2024/25 | 2025 | US$5M | In approvals process | 50 | 150 | Initial 7 yrs |
Hayes Creek | Au, Ag, Zn | 2025/26 | 2026/27 | $65M | In approvals process | 150 | 130 | 6.6 yrs | |
| Lucapa Diamond Company Ltd | Merlin | Diamonds | 2025 | Q4 2025 | $46M | In approvals process | TBA | 128 | 14 yrs |
Winchelsea | Mn | 2025 | 2026 | $212M | In approvals process | 100 | 55 | 11 yrs | |
Molyhil* | W, Mo | TBA | TBA | $69M | In approvals process | 60 | 70 | 7 yrs + | |
Chandler* | NaCl | TBA | TBA | $1,000M | In approvals process | 300 | 150 | 25 yrs + | |
Northern Territory Iron Ore Pty Ltd | Roper Valley | Fe | TBA | Q2 2026 | $312M (from 2022) | In approvals process | 100 | 120 | 25 yrs |
TOTAL ESTIMATED | $6.016B | 3487 | 3518 | ||||||
* NT Government major project status.
In construction
Company | Tennant Consolidated Mining Group Pty Ltd |
|---|---|
Authorised entity | Tennant Consolidated Mining Group Pty Ltd (TCMG) |
Listing | Private |
Contact | Michael Tennant – Territory Manager Phone: 1800 879 028 Email: mtennant@tennantmining.com.au |
Location | Approx 13 kms SE of Tennant Creek. |
Mine classification | New brownfields mine/Processing of mine waste |
Description | Establishment of an 840 000 tpa CIL gold plant at the Nobles Nob site, for mining of remnant ore at the Nobles Nob open it and processing of higher-grade sections of waste rock dumps. After initial onsite mining and processing, the mine will become a central processing plant for regional gold deposits. Applications for mining approvals have been submitted for future development of Black Snake, Weabers and Rising Sun deposits. |
Proposed production | Gold dore (average 65,000 ounces p/a) |
Mineral Resource | 14.1 Mt @ 2.83 g/t Au for contained 1.29 Moz Au (includes Tennant Mining – Emmerson Resources JV resources) |
| Ore Reserve | 400,000 ounces Au |
Mine life | 8 years + |
Feasibility | Overview of TCMG / Pan African feasibility study released November 2024 |
Approvals | Environmental: Not required for initial development Mining: Mining Authorisation issued August 2022 |
Proposed schedule | Construction: Underway Production: Q3 2025 |
Jobs | Construction: 80 Production: 160 |
CAPEX | A$94M |
Agreements and | Strategic Alliance with Emmerson Resources (ASX : ERM) including Exploration Earn-In/JV (managed by ERM) with TCMG providing $10.5M of funding over 5 years to earn a 75% interest in the project; Small Mines Joint Ventures with ERM to receive 6% gold production royalty from all small mines; a Major Mines JV from discovery of >250 000 oz gold with ERM to receive a 40% contributing share. Concessional loan with NT Government through the LJF for $10 million. Pan African Resources PLC acquired 8% of TCMG shares for $3.4 M in March 2024 and aquired the remaining 92% of share for $50.8 M in November 2024. TCMG is now a wholly owned subsidiary of Pan African Resources and will remain the operator of the project. |
Approvals in place
Company | Arafura Rare Earths Ltd |
|---|---|
Authorised entity | Arafura Nolans Project Pty Ltd |
Listing | ASX : ARU Market capitalisation: $308M |
Contact | Stewart Forrest – Northern Territory Manager Phone: (08) 6370 2800 Email: sforrest@arultd.com |
Location | 135 km northwest of Alice Springs |
Mine classification | New greenfields mine |
Description | Open cut mining, beneficiation to a mineral concentrate and on-site rare earth separation to produce |
Proposed production | 4440 tpa NdPr oxide; 470 tpa mixed middle-heavy rare earth (SEG/HRE) oxide; 144 000 tpa fertiliser |
Mineral Resource | 56 Mt containing 2.6% REO, 11% P2O5 |
Ore Reserve | 29.5 Mt containing 2.9% REO, 13% P2O5 |
Mine life | 38 years + |
Feasibility | DFS February 2019; Updated FS 11 May 2021; Project Update 11 Nov 2022 |
Approvals | Environmental: NT EPA approval Dec 2017; variation assessment completed Sept 2019. EPBC approval Mining: Mining Authorisation issued Nov 2022 Community: Native Title Agreement executed with Native Title Holders in June 2020. Groundwater extraction licence granted in March 2023. |
Proposed schedule | Early construction works completed in 2023
|
Jobs | Construction: 682 Production: 366 (full time) |
CAPEX | $1680M (ASX: 31 Oct 2023) |
Agreements and | Binding offtake signed with Hyundai and Kia (ASX: 7 Nov 2022) and Seimens Gamesa (ASX: 11 April 2023). Conditional credit approvals for targeted US$775 million senior debt funding secured from export credit agencies and commercial lenders (including EFA, NAIF, EDC, KEXIM), plus project completion support provided by an US$80 million cost overrun facility and a standby liquidity facility of US$200 million (ASX: 23 July 2024). Arafura executed a binding term sheet for A$200 million of Convertible Notes with the National Reconstruction Fund Corporation (ASX: 15 January 2025). Gas supply agreements extended (ASX: 31/01/2025). |
Company | KGL Resources Ltd |
|---|---|
Authorised entity | Jinka Minerals Pty Ltd |
Listing | ASX : KGL Market capitalisation: $52M |
Contact | Jeff Gerard – Executive Chairman Phone: (07) 3071 9003 Email: pcondon@kglresources.com.au |
Location | Approx 380 kms by road north-east of Alice Springs |
Mine classification | New brownfields mine |
Description | Initial mining from two open cut mines, moving to underground mining from four deposits. Ore to be |
Proposed production | Copper concentrate with silver and gold credits; with annual production of ~30 kt Cu, ~1,106 koz Ag and ~8.9 koz Au |
Mineral Resource | 27.45 Mt @ 1.87% Cu, 25.3 g/t Ag, 0.24 g/t Au (ASX: 25 Nov 2024) |
Ore Reserve | 14.38 Mt @ 1.77% Cu, 0.26 g/t Au & 26.27 g/t Ag (ASX: 10 Feb 2025) |
Mine life | 10 yrs |
Feasibility | DFS released (ASX: 15 Nov 2022). Feasibility Study Update (FSU) 2025 released (ASX: 10 Feb 2025) |
Approvals | Environmental: NT EPA approved 30 September 2019 Mining: Mining Authorisation issued Jan 2021 Groundwater extraction licence granted April 2021 & surface water licence in July 2021. |
Proposed Schedule | Construction: Q3 2025, subject to FID Production: 2027 |
Jobs | Construction: 450 Production: 500 |
CAPEX | $362M (ASX: 10 Feb 2025) |
| OPEX | $208M (ASX: 10 Feb 2025) |
Agreements and | An updated contract for the offtake of up to 1Mt of copper concentrate is currently being re-negotiated. The payment terms of the concentrate will be Free on Transport (FOT). Provision for advance payments is included in the contract (ASX: 10 Feb 2025). |
Company | PC Gold Pty Ltd |
|---|---|
Authorised entity | TM Gold Pty Ltd |
Listing | Private |
Contact |
Ashley Pattison – Executive Chair Phone: 08 6313 3996 Email:admin@pcgold.com.au |
Location | Approx 27 km NNW of Pine Creek |
Mine classification | New brownfields mine |
Description | Mining of oxide ore from three open pits at the Spring Hill gold deposit, targeting the Hong Kong lode |
Proposed production | Total production of 102 000 ounces of gold in initial stage of mining (source: MMP) |
Mineral Resource | 25.6 Mt @ 1.00 g/t Au (0.5 g/t Au cutoff) |
Mine life | Initial 18 months |
Feasibility | PFS undertaken but not publicly released |
| Approvals | Environmental: NT EPA assessment not required (decision in July 2018); Federal approval under EPBC |
Proposed schedule | Construction: TBA Awaiting availability of third-party gold processing facility Production: Q1 2025 |
Jobs | Construction: up to 95 Production: 140-165 |
CAPEX | $23M |
Company | Vista Gold Corporation |
|---|---|
Authorised entity | Vista Gold Australia Pty Ltd |
Listing | NYSE : VGZ TSX : VGZ Market capitalisation: US$78.9M |
Contact | Brent Murdoch – Director & General Manager Australia Phone: (08) 8941 9105 Email: bmurdoch@mttodd.com.au |
Location | 41 km north of Katherine |
Mine classification | Reopen mine |
Description | Conventional open pit mining extracting up to 17.75 Mtpa of ore for onsite processing through newly |
Proposed production | Average 497 000 oz Au per annum gold dore in years 1-7 (FS March 2024). Currently evaluating a smaller scale project with production of 150 – 200 koz per annum with an initial CAPEX of $400M and an updated feasibility yet to be released (Visa Gold presentation, October 2024) |
Mine Resource | 364.4 Mt @ 0.81 g/t Au |
| Ore Reserve | 280.4 Mt @ 0.77 g/t Au for 6.98 Moz Au |
Mine life | 23 years (including 2 years construction plus 5 years closure/reclamation) |
| Feasibility | Feasibility Study released Feb 2022; updated March 2024 (TSX and NYSE: 13 Mar 2024) |
Approvals | Environmental: June 2014 (NT), Federal EPBC approvals issued Jan 2018. Mining: DML approval in June 2021. |
Proposed schedule | Construction: 2025 Production: 2027 |
Jobs | Construction: up to 450 Production: 400 |
CAPEX | Initial US$400M from smaller scale study to be released in 2025 (Company presentation: October 2024) |
Company | Core Lithium Ltd |
|---|---|
Authorised entity | Lithium Developments Pty Ltd |
Listing | ASX : CXO Market capitalisation: $186.5M |
Contact | Paul Brown – Chief Executive Officer Phone: 08 8317 1700 Email: pbrown@corelithium.com.au |
Location | Approx 38 kms SSW of Darwin and 5.8 kms SSE of Grants mine |
Mine classification | Mine expansion |
Description | BP33 (stage 2 of the Finniss Project) is a proposed underground mine involving a box-cut portal to a |
Proposed production | Spodumene concentrate (5-6% Li2O) |
Mineral Resource | 10.5 Mt @ 1.53% Li2O (ASX: 16 Oct 2023) |
Ore Reserve | 8.7 Mt @ 1.38% Li2O (ASX: 25 September 2024) |
Mine life | 9+ years |
Feasibility | BFS in progress. |
Approvals | Environmental: Supplementary Environmental Report approved May 2022 Mining: Mining approvals granted in April 2023 (ASX: 11 May 2023) |
Proposed schedule | Initial enabling construction including boxcut development undertaken in 2023. |
Jobs | Construction: 60 Production: 125-150 (for Finniss Project) |
CAPEX | Board approved early works funding of $45–50M (ASX: 19 May 2023). Project Capex pending released |
Company | Patronus Resources Ltd |
|---|---|
Listing | ASX : PTN Market capitalisation: $87.1M |
Contact | John Ingram – Chief Executive Officer Phone: (08) 8364 3188 Email: j.ingram@patronusresources.com.au |
Location | Approx 160 kms SSE of Darwin or 54 km NW of Pine Creek. |
Mine classification | New brownfields mine |
Description | Open cut mining at the existing Fountain Head pit, based on conventional drill and blast mining |
Proposed production | Gold dore (147 000 oz Au and total over five years) |
Mineral Resource | Fountain Head: 2.94 Mt @ 1.7 g/t Au |
Mine life | 5 years |
Feasibility | PFS for sequential development of Fountain Head and Hayes Creek released (ASX: 17 June 2021) |
Approvals | Environmental: NT EPA Assessment Report issued Feb 2023 |
Proposed schedule | Construction: 2025 Production: 2026 |
Jobs | Construction: 50 Production: 134 |
CAPEX | $46M (ASX 20 Dec 2021) |
Agreements and | PNX acquisition of Mount Porter gold project completed (ASX: 12 April 2024). Mining NL and PNX merger complete, entity now known as Patronus Resources Ltd (ASX: 1 October 2024). |
In approvals process
Company | Avenira Ltd |
|---|---|
Authorised entity | Minemakers Australia Pty Ltd |
Listing | ASX : AEV Market capitalisation: $20.3M |
Contact | Brett Clark – Deputy Executive Chairman Phone: (08) 9264 7000 Email: bclark@avenira.com |
Location | 250 kms east of Tennant Creek |
Mine classification | New greenfields mine |
Description | Stage 2 – DSO Open pit phosphate mining of 1.3 Mt at Wonarah, leveraging the existing Mining Authorisation 1170-01 and the updated MMP. |
Proposed production | Stage 2: DSO operation: 1.3 Mt operation. |
Mineral Resource | 66 Mt @ 30% P2O5 (27% cut-off); 812 Mt @ 18.1% P2O5 (15% cut-off) |
Mine life | 30 + years |
Feasibility | DFS released on DSO phosphate operation (ASX: 19 Oct 2023) |
Approvals | Environmental: Approved June 2013 |
Proposed schedule | Construction: Q3 2025 Production: H2 2025 |
Jobs | Construction: 50 Production: 25–50 |
CAPEX | Initial $11.5M |
Company | Castile Resources Ltd |
|---|---|
Listing | ASX : CST Market capitalisation: $19.2M |
Contact | Mark Hepburn – Managing Director Phone: 08 9488 4480 Email: : mark.hepburn@castile.com.au |
Location | 68 km WSW of Tennant Creek |
Mine classification | New greenfields mine |
Description | Development of an underground mine with beneficiation facility and associated infrastructure. Processing will include magnetic separation of magnetite to produce 96.4% magnetite concentrate, gravity separation of gold to produce gold dore, and then flotation of a sulphide concentrate to be shipped to MASDP to be processed through a pressure oxidation plant that will produce 99% cobalt and 99% copper, with additional gold. |
Proposed production | Annual production of 28 700 oz Au, 6900 t Cu, 300 t Co, 73 300 t magnetite |
Mineral Resource | 5.58 Mt @ 1.76 g/t Au, 1.49% Cu, 0.07% Co and 23.2% Magnetite. (JORC 2012) |
Ore Reserve | 3.11 Mt @ 2.02 g/t Au, 1.52% Cu, 0.07% Co and 22.92% Magnetite (JORC 2012) |
Mine life | Initial 8 years |
Feasibility | PFS released (ASX: 5 Dec 2022) |
Approvals | Environmental: Referral to NT EPA submitted October 2023. Terms of Reference for EIS published |
Proposed schedule | Construction: 2025/26 Production: TBA |
Jobs | Construction: 200 Production: 140 |
CAPEX | Pre-Production Capex $279.5 Million (ASX: 5 Dec 2022) |
| Agreements and arrangements | Castile Resources is engaging with the NT Land Corporation regarding a parcel of land at the Middle Arm Sustainable Development precinct as an alternative location for the downstream processing plant (ASX: 16 July 2024). Rover 1 received Major Project Status with the NT Government (ASX: 18 April 2024). Significant mine optimisation will be incorporated into BFS update (ASX: 21 Oct 2024). |
Company | Primary Gold Pty Ltd |
|---|---|
Authorised entity | Primary Minerals Pty Ltd |
Listing | Private (parent company China Hanking Holdings Ltd listed on the HKSE) |
Contact | Dr Mark Qiu – Managing Director & CEO Phone: 0424288016 Email: qiuym@hanking.com.au |
Location | Approx 100 kms SE of Darwin |
New brownfields mine | New brownfields mine |
Description | The operation will include open pit bulk mining at existing pits at Rustlers Roost and Quest 29, |
Proposed production | Average annual production of 131 790 oz Au for 11-13 years (Nov 2023 DFS) |
Mineral Resource | 109 Mt @ 0.9 g/t Au for 3.0 Moz Au (Dec 2021) |
Ore Reserve | Open Pit: 53.6 Mt @ 0.8 g/t Au for 1.39 Moz Au (2023 DFS) |
Mine life | 11-13 years |
Feasibility | DFS released 13 November 2023 |
Approvals | Environmental: Tom’s Gully environmental approval issued Feb 2020. Rustlers Roost and Quest 29 |
Proposed schedule | Construction: 2025 Production: 2026 |
Jobs | Construction: 150 Production: 200-300 |
CAPEX | $394M (Nov 2023 DFS) |
| Agreements and arrangements | On 4 July 2024, China Hanking Holdings Ltd announced to the HKSE an agreement to sell 100% of its shares in Primary Gold Pty Ltd to Huineng Gold Pty Ltd, a subsidiary of Inner Mongolia Huineng Coal and Electricity Group Co., Ltd for A$300 million plus the environmental bond amount, subject to a number of outstanding conditions precedent. |
Company | Bacchus Resources Pty Ltd |
|---|---|
Listing | Private |
Contact | Vaughan Cullen – Managing Director
|
Location | Approx 150 km SSE of Darwin and approx 50 kms NW of Tennant Creek |
Mine classification | Reopen mine |
Description | Reopen the historic Brocks Creek and Woolwonga mines. The proposal will involve reprocessing (XRT |
Proposed production | Gold dore; initial 210 kt pa |
Mineral Resource | Woolwonga Mineralised Waste - 4.2 Mt @ 0.75 g/t Au (101 kOz) |
Mine life | 20 years + |
Feasibility | Feasibility study not publicly available |
Approvals | Mining: Woolwonga Bulk Sample 120kt Approved. EML submitted Dec 2023; under assessment |
Proposed schedule | Construction: 2026 Production: 2027 |
Jobs | Construction: 60 Production: 75 |
CAPEX | $65M |
Company | Verdant Minerals Ltd |
|---|---|
Authorised entity | Territory Phosphate Pty Ltd |
Listing | Private |
Contact | Chris Tziolis – Managing Director Phone: (08) 8942 0385 Email: ctziolis@verdantminerals.com.au |
Location | 220 kms SE of Tennant Creek |
Mine classification | New greenfields mine |
Description | Open cut strip mining operations with crushing, screening and beneficiation to produce phosphate rock concentrate for export. The product will be suitable for conversion to phosphoric acid for the manufacture of ammonium phosphate fertilizers. |
Proposed production | 400 kt to 500kt per annum. |
Mineral Resource | 1145 Mt @ 14% P2O5 (10% cut-off) or 338 Mt @ 18% P2O5 (15% cut-off) |
Mine life | 25 years + |
Feasibility | Feasibility on phosphate rock concentrate project released (ASX: 17 May 2018) |
Approvals | Environmental: Oct 2018 (NT) & June 2018 (Federal) for rock phosphate project. Revised Terms of Reference for an EIS for fertiliser production were issued by the NT EPA on 14 June Mining: pending outcome of environmental review, grant of Mineral Leases & approval of EML. |
Proposed Schedule | Construction: 2025/26 Production: 2026/27 |
Jobs | Construction: 400 Production: 250 |
CAPEX | Estimate $700M for full capacity |
Agreements / arrangements | 66.6% ownership by UK-based CD Capital, 33.4% Owned by Washington H. Soul Pattinson (SOL). 25 year 3.6 gl/y water licence granted. ILUA agreed to and signed awaiting registration with the Commonwealth. |
Company | Linecrest Pty Ltd |
|---|---|
Authorised entity | Ridgepeak Holding Pty Ltd |
Listing | Private |
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. |
Mine classification | Reopen mine |
Description | Reopen the Frances Creek Iron Ore Mine to extract remnant ore from existing open pits. Conventional |
Proposed production | 1.5 Mtpa of iron ore lump and fines at ~ 60% Fe |
Mineral Resource | 23 Mt @ 53% Fe |
Mine life | Initial 7 years |
Feasibility | No feasibility study publicly reported |
Approvals | Environmental: Approved 2006. Mining: EML application under assessment |
Proposed schedule | Construction: 2024/25 Production: 2025 |
Jobs | Construction: 50 Production: 150 |
CAPEX | US$5M |
Company | Patronus Resources Ltd |
|---|---|
Listing | ASX : PTN Market capitalisation: $87.1M |
Contact | John Ingram – Chief Executive Officer Phone: (08) 8364 3188 Email: j.ingram@patronusresources.com.au |
Location | Approx 170 kms SSE of Darwin or 45 km NW of Pine Creek |
Mine classification | Reopen mine. New brownfields mine |
Description | Open cut and underground mining operations at the historic Iron Blow and Mt Bonnie mines with |
Proposed production | 18 300 tpa Zn, 14 700 tpa Au, and 1.4 Mozpa Ag in a zinc concentrate and a precious metals concentrate |
Mineral Resource | 4.1 Mt @ 4.35% Zn, 1.81 g/t Au, 124 g/t Ag, 0.91% Pb and 0.25% Cu for contained metals of 177 kt Zn, |
Mine life | 6.6 years |
Feasibility | Scoping Study completed Mar 2016 & PFS completed in July 2017. Updated PFS for sequential |
Approvals | Environment: Terms of Reference for EIS issued by EPA on 2 August 2019. Environmental approvals |
Proposed schedule | Construction: 2025/26 Production: 2026/27 |
Jobs | Construction: 150 Production: 130 |
CAPEX | Approximately $65M (PFS June 2021) |
Agreements / | PNX acquisition of Mount Porter gold project completed (ASX: 12 April 2024). Mining NL and PNX merger complete, entity now known as Patronus Resources Ltd (ASX: 1 October 2024). |
Company | Lucapa Diamond Company Ltd |
|---|---|
Authorised entity | Australian Natural Diamonds Pty Ltd |
Listing | ASX : LOM Market capitalisation: $7.6M |
Contact | Neil Kaner – Project Director |
Location | 80 km south of Borroloola |
Mine classification | Reopen mine |
Description | Proposed open pit and veritcal pit mining of existing and remaining kimberlite diamond pipes. The mine operated from 1999-2003, during which time it produced about 500,000 carats (100 kg) of high quality diamonds. |
Proposed production | ~0.35 Mtpa |
Mineral Resource | 27.8 Mt @ 0.16 ct/t diamonds |
Mine life | 14 years |
Feasibility | Scoping Study released in 2022 (ASX: 3 March 2022). Results of smaller scale project study released (ASX: 25 November 2024). |
Approvals | Mining: EML application for smaller scale project under assessment. |
Proposed schedule | Construction: 2025 Production: Q4 2025 |
Jobs | Construction: TBA Production: 128 |
CAPEX | Initial $9M & post mining $37M |
| OPEX | $117M |
Company | Winchelsea Mining Pty Ltd |
|---|---|
Listing | Private |
Contact | Mark Hewitt – CEO Winchelsea Mining Phone: TBA Email: mhewitt@wmining.com.au |
Location | Winchelsea Island, off NW coast of Groote Eylandt Verdant but after Molyhil. |
Mine classification | New greenfields mine |
Description | The Winchelsea project involves extraction of manganese ore from nine separate areas on Winchelsea |
Proposed production | Between 0.64-1.01 Mtpa of lump and fine manganese ore |
Mineral Resource | 18.9 Mt @ 23.6 % Mn (From Draft EIS) |
Ore Reserve | 11.8 Mt @ 26.4% Mn (From Draft EIS) |
Mine life | Estimated 11 years |
Feasibility | Feasibility Study completed, not publicly released |
Approvals | Environmental: EIS submitted December 2023; currently under assessment. NT EPA request for additional information in the supplement (16 July 2024). |
Proposed schedule | Construction: 2025 Production: 2026 |
Jobs | Construction: 100 Production: 55 plus 100 personal support services staff |
CAPEX | $212M |
Agreements / | Winchelsea Mining Pty Ltd is a joint venture between the Anindilyakwa Advancement Aboriginal |
Company | Investigator Resources Ltd |
|---|---|
Authorised entity | Molyhil Mining Pty Ltd |
Listing | ASX : IVR Market capitalisation: $40.2M |
Contact | Andrew McIlwain – Managing Director |
Location | 240 kms northeast of Alice Springs |
Mine classification | New brownfields mine |
Description | Proposed open pit mining operation with on-site processing by flotation to produce tungsten and |
Proposed production | Total production 8583 t WO3 and 3133 t Mo in scheelite and molybdenite concentrates, over 7 year |
Mineral Resource | 4.65 Mt @ 0.26% WO3, 0.09% Mo (ASX: 28 May 2024) |
Ore Reserve | Open cut Ore Reserve of 3.5 Mt at 0.29% WO3 and 0.12% Mo (probable) (2018 DFS) |
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. |
Feasibility | DFS released (THR ASX: 23 Aug 2018). |
Approvals | Environmental: Approved Nov 2011 |
Proposed schedule | Construction: TBA Production: TBA |
Jobs | Construction: 60 Production: 70 |
Capex | $69M |
Agreements / | Investigator Resources are earning in to the project through an $8M farm-in agreement over 7.5 years |
Company | Tellus Holdings Ltd |
|---|---|
Listing | Private |
Contact | Mr Nate Smith – Managing Director and CEO Phone: (02) 8257 3395 Email: info@tellusholdings.com.au |
Location | Approx 120 kms south of Alice Springs |
Mine classification | New greenfields mine |
Description | Underground mine development and integrated waste facility. Development of an underground halite (rock salt) mine, reusing the mined voids for the permanent isolation of hazardous wastes (as listed under the NT Schedule 2 of the Waste Management Pollution Control Regulations). |
Proposed production | Mining of up to 750,000 tpa of salt. Receive up to 400,000 tpa of hazardous waste at the facility gate |
Mineral Resource | 309 Mt Halite (NaCl) (JORC Measured Resource) |
Mine life | 25 years (minimum) |
Feasibility | PFS completed but not public |
Approvals | Environmental: NT EPA assessment report issued 30 Nov 2017. Project section 14A Amendment approved by NT EPA in June 2020. Federal EPBC Act approvals issued 5 September 2018. Mining: Pending submission |
Proposed schedule | Construction: TBA 3-4 years Production: TBA |
Jobs | Construction: 300 Production: 150 |
CAPEX | Approx $1,000M |
Company | Northern Territory Iron Ore Pty Ltd |
|---|---|
| Authorised entity | NRR Mining Pty Ltd |
Listing | Private |
Contact | Simon Peat – Project Director |
Location | 135 km ENE of Mataranka |
Mine classification | Reopen mine |
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. |
Proposed production | Iron Ore (1-5 Mtpa) |
Mineral Resource | 529.3 Mt @ 42.9% Fe incl. 41.1 Mt @ 57.8% Fe |
Mine life | 25 years + |
Approvals | Environmental: NT EPA in May 2014 & EPBC in April 2015. |
Proposed schedule | Construction – TBA Production – Q2 2026 |
Jobs | Construction – 100 Production – 120 |
Capex | $312M (from 2022) |