EQ Resources Ltd says it has successfully secured A$600,000 ($422,386) in co-investment from the Australian Federal Government’s Advanced Manufacturing Growth Centre (AMGC) via the A$30 million Commercialisation Fund. Combined investment from EQ Resources, its partners and AMGC, totalling A$1.97 million, will assist in commercialising industrial-scale operations for advanced minerals processing flowsheet developed for the Mt Carbine Expansion Project, in Queensland, EQ said.
Technologies to be incorporated include the advanced X-ray Transmission ore sorting technology from TOMRA Sorting Pty Ltd, as well as hyperspectral imaging sensors developed by Plotlogic Pty Ltd. The implementation will further be supported by Cronimet Australia Pty Ltd and The University of Queensland – Sustainable Minerals Institute, it said.
The formal co-funding agreement between AMGC and the company has been finalised and signed.
AMGC is an industry-led, not-for-profit organisation established through the Australian Government’s Industry Growth Centres Initiative. AMGC’s vision is to transform Australian manufacturing to become an internationally competitive, dynamic, and thriving industry with advanced capabilities and skills at its core.
AMGC’s Managing Director, Dr Jens Goennemann, said: “EQ Resources’ project brings together industry and research leaders to commercialise a world-leading technology which will convert what was once a mining waste product into new revenue streams. The project proves that Australia’s manufacturing industry is stepping forward to develop globally relevant solutions which will improve operations and add value in the process.”
EQ Resources, as a result of the acquisition of Mt Carbine Quarries in June 2019, now has 100% ownership of the two mining leases and surrounding exploration projects at the project. In a joint venture with Cronimet, the tungsten processing plant has been refurbished, commissioned and expanded to 300,000 t/y capacity. The installation of the pilot sensor-based sorting technology has seen a 20-plus times upgrade of feedstock grade, the company says.
The company is in the process of completing the required environmental amendments to allow the operation to process 300,000 t/y and eventually 1 Mt/y. Once the bulk test work is completed, a feasibility study will be completed for the design of the 1 Mt/y operation.