As electrification and decarbonization efforts ramp up around the world, Northern Queensland and its rich deposits and well-developed mining infrastructure will continue to be a copper hub. Government programs to bolster copper mining, smelting and refining will support the industry even further.
In the 1860s, copper was first mined and smelted in Queensland. The northern town of Mount Isa became a mining hub after a huge copper, lead, zinc and silver deposit was found there in 1923.
Nearby Cloncurry has also been home to historical mines, with many in the area still in production.
Today, Northern Queensland is abuzz with copper mining and exploration activities, signifying the region’s important role in providing the world with new copper supply.
The Rocks Reef project is also located near Chillagoe and comprises an exploration permit that covers the Georgetown Tectonic Province. Rock Reefs has historical exploration data that confirms the presence of a mineralized vein system at the China Wall prospect. In addition to China Wall, FNR has also identified several other exploration targets, including: Roadside Copper, where FNR’s preliminary exploration revealed the presence of gold, copper and associated minerals; Savannah Way and Single Peak, located about 1.3 km north of China Wall; and North Drift Breccia and South Drift, where rock chip samples have also indicated mineralization potential.
Copper is in demand worldwide, with efforts in many jurisdictions to increase production. Favourable political forces in Northern Queensland are leading to increased infrastructure and funding to further develop this resource-rich area into a hub for high-quality copper mining and processing.
This INNSpired article was written according to INN editorial standards to educate investors.
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