Graphitecorp has submitted an application for a mining lease with the Queensland Department of Natural Resources and Mines for the Mount Dromedary Graphite Project located 125km north of Cloncurry in North Queensland.
According to the company, the application has also been submitted for an environmental authority for the project with the Queensland Department of Environment and Heritage Protection.
The applications, which are 100% in the name of Graphitecorp, incorporate a mining and milling for the Mount Dromedary graphite Project with production of up to 50,000tpa of graphite concentrate.
Graphitecorp said the area of the mining lease is approximately 1,132 ha and has been selected to capture the Company’s graphite resource and allow for appropriate infrastructure.
“Receipt of these applications has been confirmed and ML number 100121 assigned,” the company told the ASX.
“Following pre-lodgment meetings held with Graphitecorp, the relevant government departments will now commence their assessments.”
The Mount Dromedary project is Graphitecorp’s flagship project and is considered to be one of the highest grade flake graphite deposits in the world.
Given the project’s favourable grade and location fundamentals and positive demand outlook for specialised graphite products, Graphitecorp is diligently progressing a feasibility study to assess the economic opportunity of establishing a business to mine, process, manufacture and market high quality graphite products into Asian and other global markets.
