EQ Resources granted permit to explore historic mine site

Re-commercialisation of former mines is a key component of the Queensland Government’s Critical Minerals Strategy and Resources Industry Development Plan.
Re-commercialisation of former mines is a key component of the Queensland Government’s Critical Minerals Strategy and Resources Industry Development Plan.

EQ Resources (ASX: EQR) has been granted an Exploration Permit for Minerals (EPM) for critical minerals at the Wolfram Camp in Queensland’s Far North.

The EPM approval allows EQ Resources to begin drilling, geological mapping, and soil and rock sampling over a 480 km2 area to unlock tungsten resources at the site, which includes the former Wolfram Camp and Bamford Hill mines.

EQ Resources chief executive officer Kevin MacNeill says they are excited to get boots on the ground.

“At EQ Resources, we understand the importance of responsible and sustainable mining practices,” he said.

“As we did with the Mt Carbine mine, we are committed to engaging closely with all local communities around Wolfram Camp to create shared prosperity and opportunities.

“Our team of experienced professionals will apply modern exploration techniques and state-of-the-art technologies to maximise Wolfram Camp and the surrounding site’s potential while minimising its environmental footprint.”

This marks the next step in the re-commercialisation of this historic site, furthering Queensland’s commitment to sustainable mining, economic growth and more jobs.

Queensland Resources and Critical Minerals Minister Scott Stewart says this approval is a crucial step in transforming former mines in Queensland.

“EQ Resources has a proven track record in revitalising former mines,” he said.

“Revitalising Wolfram Camp will not only provide significant economic benefits but also ensures a steady supply of tungsten, critical for renewable energy technologies.

“This will not only create more good jobs for the region but helps us meet the challenge of leading the world towards a decarbonised future.”

The Wolfram Camp mine was abandoned in late 2018 and has since been a part of the Queensland Government’s Abandoned Mine Lands Program.