THE first shipment of iron ore from processed waste materials at Frances Creek Mine are being celebrated this week as a huge sign of strength and confidence in the Territory’s mineral industry.
The territory 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 mine – has been using innovative x-ray technology from German company Steinert to screen waste rock stockpiles at the site to produce export quality iron ore.
NT Bullion thereby converts low-grade ore to export-quality iron ore at a low cost.
As part of the Territory’s Economic Reconstruction, a focus on becoming a globally significant hub for minerals producing, processing and manufacturing centre is a high priority.
Developing the mining industry is also creating more jobs in regional areas for Territorians, which will keep the economy rolling and the Northern Territory’s comeback on track.
Minister for mining and industry Nicole Manison said, “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”.
“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.”