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 January 2024, there were 18 projects in approvals processes. These projects represent a combined capital expenditure of $8.26 billion with the potential to create up to 4,150 jobs in construction and up to 3,100 jobs in operations.

View the list of Northern Territory projects in approvals PDF (291.9 KB).

View the Major mines and developing projects map. PDF (853.7 KB)

View the Northern Territory mineral projects map PDF (773.9 KB).

View the Potential mining developments report PDF (1.0 MB).

Recent mining developments

CompanyProjectLocationProductDescription
Newmont Mining Tanami Expansion 2 Tanami Gold Mine expansion
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 Rare Earths Ltd (Company name change- ASX 26 Nov 2022)

Contact

Catherine Huynh – Company Secretary

Stewart Watkins – General Manager Projects

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, 11% P2O5

29.5 Mt containing 2.9% REO, 13% P2O5

Mine Life

38 years

Approvals

Environmental –NT EIS assessment completed in Dec 2017. Assessment completed by DoEE Canberra with approval issued in May 2018. Section 14A variation 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. Mining Authorisation and access authorities granted Nov 2022 following approval of Mining Management Plan.

Groundwater extraction licence granted in March 2023.

Proposed Schedule

Early works construction underway on site, targeting financial close in 2023 and commencement of a 30 month full construction period in the first half of 2024. Schedule subject to funding.

Construction – 2023, subject to funding     Production – H2 2025

Jobs

Construction – 682                    Production – 366 (full time)

Capex

A$1,590M (Refer to ASX announcement dated 11 Nov 2022)

Company

KGL Resources Ltd

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 released in Nov 2022.

Product

Copper concentrate with silver and gold credits.

Resource

Reserve

23.80 Mt @ 2.02% Cu & 25.3 g/t Ag and 0.25g/t Au (ASX 14 Sept 2022)

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

11.7 Mt @ 2.1% Cu, 29.8 g/t Ag & 0.29 g/t Au (ASX 15 Nov 2022)

Mine Life

Initial mine life 11.75 years (ASX 15 Nov 2022)

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.

Workstreams pre-FID will focus on growing the resource, operating cost optimisation and risk management, with the goal of commencing construction in 2023, subject to FID and favourable market conditions.

Proposed Schedule

Construction – H2 2023, subject to FID & market conditions       Production – H1  2025

Jobs

Construction – 200                                           Production – 200

Capex

Initial Capex of A$298M (ASX 15 Nov 2022)

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.

Amended Mining Management Plan submitted in Feb 2023 & resubmission end Sept 2023. Targeting MMP approval in Q4 2023.

Proposed Schedule

Construction – Q4 2023               Production – Q4 2023

Jobs

Construction – 50                              Production – 150

Capex

US$5M

Company

Northern Iron Pty Ltd

Contact

Nathan Doab – General Manager

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

Location

Approx 50 kms NW of Tennant Creek

Description

Recovery from the Warrego low-grade stockpiles via excavation and processing through a wet magnetic separation plant to produce a magnetite concentrate. Non-magnetic material will be dewatered and deposited back into the existing dams and rehabilitated. The process will reduce the stockpile 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 stockpiles (JORC 2012) containing 2.91 Mt Fe @ +67%

Mine Life

3-6 years

Approvals

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

Proposed Schedule

Construction – Q4 2023, subject to finance           Production – Q1  2024

Jobs

Construction – 20-30                                      Production – 30-40

Capex

A$48M

Company

Hanking Holdings 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, Quest 29 and Tom’s Gully mine sites. The proposal will involve open-cut mining and expansion of all existing open-cut pits (Rustlers Roost & Quest 29) 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. Reopening of Toms Gully with development of underground and surface facilities, including refurbishment of existing process plant. Feasibility Study updated Nov 2021. Ore will be processed at a rate of 5 million tonnes per annum over a 12 year mine life.

Product

Gold dore

Resource

109 million tonnes @ 0.9 g/t gold for 3.0 million ozs (Mar 2022)(RR & Quest 29)

  1. million   tonnes @ 8.9 g/t gold for 315,000 ozs (Toms Gully)

Ore Reserve of 775,000 tonnes @ 6.9 g/t gold for Toms Gully.

Mine Life

12 years

Approvals

Environmental –Tom’s Gully environmental approval issued in Feb 2020. Rustlers Roost and Quest 29 approvals issued in June 2023.

Mining – Mining approvals subject to Mining Management Plan. A MMP incorporating all three mine sites is being prepared for submission in late September 2023.

Proposed Schedule

Construction – 2024/25                    Production – 2025/26

Jobs

Construction – 150                             Production – 314

Capex

A$412M

Company

Tennant Consolidated Mining Group Pty Ltd

Contact

Michael Tennant – Territory Manager

Phone: 1800 879 028 Email: mtennant@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

8 years

Approvals

Environmental – Not required

Mining Management Plan (MMP) approved in August 2022.

Proposed Schedule

Construction – Q1 2024              Production – Q1  2025

Jobs

Construction – ~80                          Production –   ~160

Capex

A$90M

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

Company

Avenira Ltd (Minemakers Australia Pty Ltd)

Contact

Brett Clark – Chairman

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

Location

250 kms east of Tennant Creek

Description

Stage 1 -Trial mining proposed for H2 2023 (subject to approvals), followed by Direct Shipping Ore (DSO) operation at Wonarah.

Stage 2 - Proposed Lithium Iron Phosphate LFP cathode plant to be built in Darwin. Initial capacity 10,000tpa increasing to 30,000tpa. Licencing agreement with Aleees in Taiwan. Only 2 LFP production manufacturers outside of China at present. BFS to commence Q4-2023.

Stage 3 - Yellow Phosphorous and Battery Grade Thermal Phosphoric Acid Plant proposed to be built in two sections, at mine and in Darwin.

Product

Phosphate rock, Thermal Phosphoric Acid and Lithium Iron Phosphate.

Resource

Total – 66Mt @ 30.0% P2O5 (27% cut-off); 812 Mt @ 18.1% P2O5 (10% cut-off );

533 Mt @ 13.5% P2O5 (15% cut-off )

Mine Life

30 + years

Approvals

Environmental: June 2013      Mining – pending Mining Management Plan

Proposed Schedule

DSO trial mining proposed for H2 2023, and full mining operations proposed to commence soon after subject to economics and FID. TPA Scoping Study progressing.

BFS for LFP Cathode Plant to commence mid-2023. Financial close in H1 2024.

Jobs

DSO- 50 jobs. LFP Construction – above 200    Production – Circa 200 jobs at 30,000 tpa of LFP across Wonarah and Darwin operations rising up to 500 jobs at 100,000 tpa of LFP production and 800 jobs at 200,000 tpa of LFP production.

Capex

DSO - A$3M direct capex investment in assets at Wonarah

LFP 10,000tpa circa A$180M

Company

Castile Resources Ltd

Contact

Mark Hepburn – Managing Director

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

Location

Approx 75 kms WSW 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 west south west of Tennant Creek. The Project will involve the development of an underground mine with onsite processing facility and associated infrastructure. A Pressure Oxidation (POX) plant will dissolve the copper and cobalt and completely oxidise the sulphides associated with the gold. The Pre-Feasibility Study was released in Dec 2022 with the Bankable Feasibility Study aiming for completion in late 2023.

Product

Gold Dore, Copper Metal 99%, Pure Cobalt Metal 99%, and High Grade 96.4% Coal Washing Magnetite Product. (All products are for direct sale to “End Users”)

Mineral Resource

Ore Reserve

Material Processed

5.58 Mt @ 1.76 g/t Au, 1.49% Cu, 0.07% Co and 23.2% Magnetite. (JORC 2012)

3.11 Mt @ 2.02 g/t Au, 1.52% Cu, 0.07% Co and 22.92% Magnetite (JORC 2012)

4.31 Mt @ 1.94 g/t Au, 1.42% Cu, 0.07% Co and 22.33 % Magnetite (from PFS)

Mine Life

Initial mine life of 8 years

Approvals

Environmental –. Environmental studies ongoing. Environmental Referral to be submitted in mid-2023. Anticipate 18-24 months for approvals process.

Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

Construction – 2024/25                     Production – TBA

Jobs

Construction – 200                              Production – 140

Capex

Pre-Production Capex A$279.5 Million (ASX: 5 Dec 2022)

Company

Core Lithium Ltd

Contact

Mike Stone – Chief Operations Officer

Phone: 08 8317 1700    Email: mstone@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).

Mineral Resource

Ore Reserve

10.1 Mt @ 1.48% Li2O (ASX: 26 Apr 2023)

3.9 million tonnes @ 1.4% Li2O. (ASX: 12/06/2022) – update expected

Mine Life

Approx 4 years (from NOI)

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 granted in April 2023. (ASX: 11 May 2023)

FID for BP33 by end Q1 2024. (ASX: 19 May 2023)

Proposed Schedule

Construction – 2024 Production – 2024/25

Jobs

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

Capex

Board approves early works funding of A$45-50M (ASX: 19 May 2023) Project scope and capital cost estimate will now be determined using recent increased Mineral Resource.

Company

PNX Metals Ltd

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)

681 kt @ 2.2 g/t gold (Mt Porter)

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. Second Supplement submitted in July 2022. Enviro approvals issued Feb 2023.

Targeting Mining approvals in 2023.

Proposed Schedule

Construction – 2024                       Production – 2025

Jobs

Construction – 50                            Production – 134

Capex

A$46M (ASX 20 Dec 2021)

Company

PNX Metals Ltd

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.

Hayes Creek sulphide approvals have commenced. 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

Tellus Holdings Ltd                           www.tellusholdings.com.au

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

Description

Underground mine development and integrated hazardous 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).

Product

Industrial salt (and permanent isolation of hazardous waste)

Resource

309 Mt Halite (NaCl) JORC Measured Resource

Mine Life

25 years (minimum)

Approvals

Environmental – NT environmental assessment report issued on 30 November 2017. Federal EPBC Act approvals issued 5 September 2018.

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

Mining –Mining Authorisation and MMP approval not yet granted.

Proposed Schedule

Pre-Feasibility Study completed. Native Title – ILUA negotiations ongoing.

Bankable Feasibility Study – On Hold.

Construction 3-4 years. Operations 25 years minimum.

Institutional Control Period (ICP) – 100 years (minimum).

Jobs

Construction – 300 (direct)                               Production – 150 (direct)

Capex

Approx A$1,000M

Company

Investigator Resources Ltd

Contact

Nicole Galloway Warland – Managing Director

Phone: (08) 7324 1935      Email: nicole@thorenergyplc.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. Thor have entered into a $8M farm-in agreement over 7.5 years with Investigator Resources to accelerate the Molyhil Project.

Product

Tungsten (scheelite) and Molybdenum concentrates.

Resource

4.7Mt at 0.28% WO3 and 0.13% Mo (indicated and inferred) – Thor ASX 23 Aug 2018.

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) – DFS study results as reported by Thor to ASX 23 Aug 2018.

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 with Investigator as nominated Operator.   NT Major Project Status granted in July 2020.

Proposed Schedule

Development subject to obtaining project finance and securing the balance of concentrate off-take agreements. Timeframe for construction and development under review subject to Joint Venture partnership with Investigator Resources.

Jobs

Construction – 60                                  Production – 70

Capex

A$69M

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. Potential to commence operations with phosphate rock export.

Bankable Feasibility Study (DSO) was completed in May 2018. Takeover by CD Capital in June 2019 & company privatised – currently assessing onsite ammonium phosphate fertiliser production option. Variation to the Project submitted Nov 2022.

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

Approvals

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

A variation to the Project for onsite production of ammonium phosphate fertilisers was submitted to the EPA in Nov 2022. Revised Terms of Reference for an EIS were issued by the NT EPA on14 June 2023. Proponent is preparing the EIS.

Mining – pending outcome of environmental review, grant of Mineral Leases & approval of Mining Management Plan.

Proposed Schedule

Construction – 2025                          Production – 2028

Jobs

Construction – Peak at 1600            Production – 400

Capex

Estimate A$3B

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. Feasibility 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. A further update of the Pre-Feasibility Study released in Sep 2019. Feasibility Study released Feb 2022.

The Mt Todd Agreement between the NT Government and Vista Gold has been extended until 2029. Vista completed an internal scoping study of smaller scale development alternatives for Mt Todd. Since then there has been both new and renewed interest in the optionality of Mt Todd under different development strategies.

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 2024.

All the approvals are maintained as development activities identify optimisations.

Proposed Schedule

Construction – 2025 Production – 2027

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 a single stage crushing and wet screening plant for processing and then moved to product stockpiles adjacent to the barge loading facility (BLF). Multiple lump and fines manganese products will be produced. 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 Supramax vessels in the offshore anchorage location.

Product

Lump and fine manganese ore

Mineral Resource

Ore Reserve

Estimate of 18.9 million tonnes @ 23.6 % Mn  (Aug 2023 BFS by Xenith)

Estimate of 11.8 Mt @ 26.4% Mn (Aug 2023 BFS by Xenith)

Mine Life

Estimated mine life of 11 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 requires variation for new marina design, and expected to be re-submitted end of Sept 2023.

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 approval.

Proposed Schedule

Construction – 2024                 Production – 2025

Jobs

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

Capex

A$212M

Company

TM Gold Pty Ltd

Contact

admin@pcgold.com.au

Location

Approx 27 km NNW of Pine Creek

Description

Reopen existing open cut mine.

Product

Gold

Resource

6.9 Mt @ 1.74 g/t Au

Company

Nathan River Resources Mining Pty Ltd

Contact

info@nathan-river.com.au

Location

Approx 760 kms SE of Darwin

Description

Reopen existing open cut mine.

Product

Iron Ore

Resource

279 Mt @ 41.5% Fe including 28 Mt DSO @ 59.4% Fe

Company

Lucapa Diamond Company Ltd

Contact

Neil Kaner – Project Director, Australian Natural Diamonds Pty Ltd

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

Location

Approx 720 kms SE of Darwin

Description

Reopen the Merlin Diamond mine on existing granted Mineral Lease. The project will involve mining of diamondiferous kimberlite pipes by conventional open pit mining followed by vertical pit mining below the base of the open pits. A new 1.2 Mtpa processing plant will be constructed. Scoping Studies were released in Dec 2021 and March 2022 and a Feasibility Study is due to be completed in H2 2023. A pilot program is being designed to mine and recover diamonds from some of the major pipes ahead of the larger project.

Product

Diamonds (average of 153,000 carats/annum)

Resource

27.8 million tonnes @ 16 carats per tonne for 4.4 million carats (JORC 2012)

Mine Life

14 years

Approvals

Environmental – Referral to NT EPA in H2 2023.

Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

Construction – 2024/2025 Production – 2025

Jobs

Construction – 120+                            Production – 200 +

Capex

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

Company

Enova Mining Ltd (formerly Crossland Strategic Metals Ltd)

Contact

Eric Vesel – CEO/Executive Director

Phone: +61419802839 (Aust)                Email: contact@enovamining.com

Location

Approx. 95 km WNW of Alice Springs

Description

Potential new mine. Open cut mining & processing to recover heavy rare earth minerals from alluvial sands using a wet gravity concentrator, followed by dry separation processes to produce concentrates for leach extraction. Further potential to mine and process in situ weathered rock (saprolite/clays) below the sand horizon to recover scandium and rare earth metals using acid leach processes. Planned refinement of leachates to produce scandium oxide and rare-earth group products onsite.

Product

Rare earths, 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 (not currently 2012 JORC compliant)

Approvals

Development proposals yet to be submitted.

Proposed Schedule

Drilling program completed in March 2019. Since 2020 the company has completed numerous laboratory hydrometallurgical tests to assess leach extraction of rare earth and scandium metals. Bulk sampling field work at Cattle Creek began in Sept 2023. This will be followed by large scale heavy mineral separation testwork in Brisbane. Specialist consultants SRK Perth 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 as required by JORC 2012. Resource estimate for gravity separation project is expected to be complete by mid-2024 and Scoping Study in 2024. Scoping Study for acid-leach project expected for completion in 2024. Refer Company presentation of 31/08/2022 & Quarterly Report of 28/07/2023.

Jobs

150

Capex

A$250M

Company

Korab Resources Ltd

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.

The Project is currently undergoing a Scoping Study into magnesium metal production using alternative processing technology with results due in 2023.

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 – 2024                       Production – 2024/25

Jobs

Construction – TBA                         Production – Up to 120

Capex

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

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