Queensland Government Invests $20 Million to Extend Tungsten Mine Life and Create Jobs,

The Queensland government has announced a $20 million investment to extend the life of Australia’s largest tungsten mine in Far North Queensland. The funding from the Queensland Critical Minerals and Battery Technology Fund will enable EQ Resources to commence drill testing and trial mining at the Mt Carbine Tungsten Mine. This investment will create up to 100 new jobs and significantly increase the capacity of the mine.

Tungsten is a critical mineral used in various renewable energy applications, including solar cells, wind turbines, and batteries. With global shortages of tungsten predicted over the next 15 years, the investment in the Mt Carbine Tungsten Mine will help meet the growing demand for this key component.

Deputy Premier, Treasurer, and Minister for Trade and Investment, Cameron Dick, stated that the investment provides a pathway for EQ Resources to extend the mine’s life by exploring underground tungsten resources. The project is expected to increase capacity and extend the mine’s life by at least five years.

Minister for Resources and Critical Minerals, Scott Stewart, highlighted the success of the tungsten production in Queensland and the commitment to supporting workers and communities in the Far North.

The investment in the Mt Carbine Tungsten Mine not only secures local opportunities but also contributes to the development of clean energy technologies and supports the global decarbonization efforts.

Source