Industry welcomes North West blueprint - QRC

THE Queensland Resources Council (QRC) has welcomed the state government’s ongoing commitment to the development of the mineral rich North West Minerals Province as a major driver of prosperity in North Queensland.

QRC Chief Executive Ian Macfarlane said the targeted incentives announced by Minister Lynham would encourage investment and deliver jobs for regional communities.

“The QRC commends the Palaszczuk government on its proactive and consultative approach by working with industry, local government, unions and the community to ensure all stakeholders were considered in mapping out this blueprint for the North West,” Mr Macfarlane said.

“Locating a hyperspectral logger in Mount Isa at the government’s existing drill core facility is an excellent initiative. It’s a simple practical approach that can deliver cost savings and efficiencies for explorers in the region.

“Already one of the world’s largest zinc companies Teck has been granted a tenure to explore 102km2 near Cloncurry which would be a huge short in the arm for the local economy.”

Newly appointed Queensland Exploration Council (QEC) Chairman, Brad John said the blueprint would attract investors both domestically and from overseas.

“It was pleasing to see the Minister announce an investor forum in Townsville which recognises the significant level of economic activity that is driven out of the North West and the Port of Townsville,” Mr John said.

The state’s North West has the potential to unearth vast amounts of copper, zinc and gold which are the minerals used in new technologies including batteries, mobile phones and solar panels.

“Last year the QRC launched its ‘Resourcing Innovation’ campaign about the importance of minerals for new cutting edge technologies and the state’s contribution to the future of these technologies could be secured with the North West,” Mr Macfarlane said.

The blueprint includes the Resources Development (Royalties) Policy and builds on the work of the Collaborative Drilling Initiative. In previous years this initiative had been a staggering technical success for exploration, specifically the discovery of mineral occurrences in Queensland.

www.qrc.org.au

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