Mining prospects grow in Tasmania

From reports in The Advocate, 23 January, 2007

Explorers are set to gain licences in new areas on the west coast and in the north-west of Tasmania. Unexpected mining hot-spots may be opened up.

Tasmania’s mineral exploration and mining industries are booming due to high commodity prices, increased demand from China and India, and improved exploration techniques.

On Saturday alone The Advocate carried advertisements for the granting of exploration licences over 436 square kilometres of leases.

The Director of Mines will recommend to the Tasmanian government that the new licences be approved. They involve:

  • Copper Strike Ltd exploring 24 square kilometres in Mt Lyell and Queenstown area;
  • Rosebery-based c b & g d mcdermott exploring 27 square kilometres, five kilometres south of Gawler, near ulverstone;
  • Major miner zinifex looking in 20 square kilometres, 13 kilometres south of Rosebery at White Spur Lake;
  • Mincor Zinc Pty Ltd exploring 103 square kilometres in the area of Round Mountain, near Cethana, taking in land in the central coast, kentish and meander valley municipalities;
  • Newcrest Operations Limited exploring 141 square kilometres in the Gowrie Park area; and
  • Rubicon Mintech Ventures Pty Ltd looking in the Corinna area.
This news item is presented as being of general interest on the state of economic development in Tasmania. It is not intended as investment advice. The author and the owners of T CHANGE do not hold shares in, nor do they derive any benefit whatsoever from the company/companies mentioned in this report.

minerals in tasmania

There are substantial high-grade mineral deposits in Tasmania.
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