The first shipment of iron ore from processed waste materials at Frances Creek Mine are being celebrated this week as a sign of strength and confidence in the Northern Territory’s mineral industry.
The Northern Territory government approved the Mining Management Plan for the Frances Creek Mine in March 2020, enabling the processing of existing ore stockpiles at the mine.
NT Bullion, the operator of the Frances Creek mine, has been using innovative x-ray technology from German based company Steinert to screen waste rock stockpiles at the site, to produce export quality iron ore.
NT Bullion is focused on using world-first technology to convert low grade ore to export-quality iron ore at a low cost and take advantage of the Northern Territory’s strong minerals sector.
As part of the state’s Economic Reconstruction, a focus on becoming a globally significant hub for minerals producing, processing and manufacturing is a high priority.
In developing the mining industry, more jobs are also being created for Territorians in regional areas, which will keep the economy rolling and the Northern Territory’s economic recovery on track.
“We know the Territory is resource rich and that a healthy mining sector will deliver more jobs, significantly boost the economy and keep us on track as the Comeback Capital,” minister for Mining and Industry Nicole Manison said.
“Jobs are critical to Territorians and companies like NT Bullion are well placed to take advantage of the fantastic investment opportunities in the Territory and the record high iron ore.”