25 October 2023
25 October 2023
The additional funding will bring Australia’s Critical Minerals Facility to A$6bn ($3.81bn) to finance critical mineral mining.
Kraken plans to begin the drilling programme at the uranium project before this year-end.
Pirra Lithium has also agreed to acquire a further 348km² of lithium rights in the East Pilbara from Haoma Mining.
Lower prices of the metal have been driven by fears of a widening Middle East conflict and weaker Chinese demand.
Monadelphous has received contracts from companies, including Lynas Rare Earths, BHP and Rio Tinto.
HWNM owns and operates a refinery with an annual capacity of 4.8 million tonnes of metallurgical grade calcined alumina.
The two companies will study and evaluate wind and solar power projects, as well as battery energy storage systems.
The copper project is expected to begin first copper concentrate production in the second half of 2024.
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