TWO Cape York projects have been given state government funding to explore critical mineral deposits in the region.
Rhumb Resources has been given a grant to drill a prospect near Laura, “testing for nickel-copper and platinum group element mineralisation in an undeveloped area”.
Colt Resources also won a grant to “fly an airborne gravity survey to look for dense nickel-copper ore bodies in a relatively under-explored area” near Palmerville Station.
The state government said that a record number of projects received funding under round seven of the $5 million program.
The latest round supports 25 projects across the state, providing up to $250,000 each, to find minerals the world needs to decarbonise.
Nearly three-quarters of all successful projects are focused on finding new copper deposits – a mineral needed for solar, hydro and wind energy systems.
“Our program will give our explorers the resources they need to take on financially risky projects that could lead to Queensland’s next big critical minerals discovery,” Resources Minister Scott Stewart said.
