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Australian Government announces $2b critical minerals boost The Federal Government has announced a $2b expansion in critical minerals financing, solidifying Australia’s position as a world leading provider and helping the transition to net zero. Critical minerals, including rare earths, are the building-blocks for a clean energy future and are essential to achieving Australia’s energy transition. This expansion will double the capacity of the critical minerals facility to finance Australian critical minerals mining and processing projects. Further, the expansion takes the Government’s investments in Australian resources to $6b. Prime Minister Anthony Albanese says Australians will benefit from this investment. “Australians will benefit through this investment in critical minerals, through technology, skills, jobs and...

URANIUM explorer Toro Energy created WA history in early April, receiving final environmental approval from the Federal Government for its Wiluna uranium project in the state’s Mid West. The project is the first of its kind in WA and just the sixth in Australia, with an estimated worth of $269 million. The prospective mine comprises two deposits, Lake Way and Centipede, 30km south of the town of Wiluna. Centipede, adjacent to Toro’s on-site processing plant, will be the first site to be developed, with first production anticipated by the end of 2015. The mine is expected to process 1.3 million tonnes per annum, producing approximately 780t of uranium oxide concentrate, based on up to 14 years of mine life. Toro...

Venture Minerals (ASX:VMS) says new drilling at the Mount Lindsay Tin-Tungsten Project in Tasmania, Australia continues to deliver “exceptional” intersections of high grade mineralisation whilst targeting high grade zones within the existing Main Skarn deposit. The intersection in ML343M included a high-grade zone of 23.2 m @ 1.6% Sn and 0.03% WO3 from 75.8 m or 3 m @ 4.1% Sn and 0.1% WO3 from 90 m. The drill program, designed to confirm the continuity of high-grade zones and provide additional metallurgical samples, is part of the company’s updated Feasibility Study for an underground mine. The significant intersections from ML343M included: 2 m @ 0.8% Sn and 0.2% WO3 or 1.0% Sn Eq from 75.8 m including 45 m @...

The demand for Australia’s minerals and metals is growing as several industries embrace advances in technology. Artificial intelligence, big data, automation and remote work are all becoming mainstays in our homes and workplaces. New technology can make workplaces safer and healthier, especially within the Australian mining industry, where the growing demand for minerals and metals is driving the demand for highly skilled employees. The mining industry added 40,000 jobs in the past five years, and it aims to create 5,000 new apprenticeships within the next few years. The Minerals Council of Australia (MCA) has continued its recruitment of diverse future talent with the release of the ‘Make Your Career in Mining’ careers guide during National Skills Week, which runs from...