EQ Resources Limited (ASX: EQR) has advanced its growth strategy through the successful acquisition of an exploration permit-minerals (EPM), covering the historical Wolfram Camp mine for resource exploration activities.
This permit signifies another milestone for EQR, as it expands its exploration and development interests in the Herberton tin-tungsten field.
EQR’s commitment to fostering regional economic growth, environmental stewardship, and job creation is reflected in this strategic move.
Resources minister, Scott Stewart, commented, “EQ Resources has a proven track record in revitalizing former mines, having established significant mine waste reprocessing operations and recently announcing the commencement of open cut mining at its nearby Mt Carbine tungsten project, creating up to 135 good jobs.”
The permit covers a 477km² RA442 licence area, and approximately 5Mt low-grade stockpile and tailings containing tungsten, molybdenum, and bismuth are available for further environmental and economic evaluation.
The company is planning a comprehensive regional review with soil and geophysical programmes to unlock the mine and surrounding area’s potential.
EQR has stated that the permit aligns with its mineral hub growth strategy and supports the Queensland government’s critical minerals strategy and resources industry development plan to re-commercialize former mines.
Mr. Stewart continued, “The re-commercialization of Wolfram Camp is a key action of the Queensland resources industry development plan. Queensland has many of the critical minerals needed to make the renewable energy technologies the world needs for a net zero emissions future,”
“That’s why we have now also released the Queensland critical mineral strategy, which will oversee A$245M of investment into growing this sector in Queensland.”
To find out more, please visit www.eqresources.com.au
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