15 January 2025
15 January 2025
The project is expected to produce 4,440 tonnes per annum (tpa) of of neodymium and praseodymium (NdPr) oxide over its 38-year lifespan.
The Environmental Protection Agency (EPA) approval covers a development envelope at the northern end of the orebody, including mining lease M51/883.
Ivanhoe Electric has secured exclusivity on three XMT rigs for contracts lasting up to a period of five years.
This partnership aims to deliver comprehensive and integrated solutions that enhance productivity and safety, while achieving decarbonisation targets.
The funds will be allocated towards project development and may also facilitate the retiring or refinancing of debt.
The alliance comes at a crucial time as the US prioritises the security of its critical minerals supply chain.
This follows the completion of Stage 1 activities including the operation of a pilot plant and a demonstration plant engineering study.
Dale Last, the new Minister for Natural Resources and Mines, Manufacturing, and Rural and Regional Development in Queensland spoke with Mining Technology about his priorities in his new role.
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