Northern Territory Minister for Primary Industry and Resources Ken Vowles
Delivering Local Jobs And Economic Development For Tennant Creek
Victor P Taffa
Northern Territory Government is promoting Tennant Creek as a mining and services hub to create jobs, and this development took a big step forward today with the announcement of a new strategic alliance between Emmerson Resources and Territory Resources Ltd.
“Northern Territory Government’s number one priority is creating local jobs, which is why we are developing Tennant Creek as a mining and services hub. Today’s announcement shows industry has recognised the progress being made.” Minister for Primary Industry and Resources Ken Vowles said.
“Our Government is working every day to attract investment and we worked with Emmerson Resources and Territory Resources to pro-actively manage this legacy site into a modern regulatory setting under the Mining Management Act.”
In a deal clincher for the Barkly region economy, Territory Resources Ltd has committed to the construction of a new, modern 300,000 tpa ‘Carbon in Pulp’ mill on the site of the Warrego Mill.
“Tennant Creek is well known as the golden heart of the Territory and this latest development proves that gold is not only part of our historical story and contemporary success, but an integral element of our future as well.” Member for Barkly Gerry McCarthy said.
“This strategic alliance between Emmerson Resources and Territory Resources will realise Emmerson’s long-held ambition of Tennant Creek being re-established as an integrated exploration, mining and minerals processing hub. We welcome the continued support of the NT Government for this initiative and look forward to making a positive economic contribution in the region.” Emmerson Resources Managing Director Rob Bills said.
This new milling facility will help unlock the potential of Tennant Creek by providing a central processing facility for gold deposits and potential new mines which means more jobs and more investment for Tennant Creek.
“We are pleased to announce this joint venture with Emmerson Resources which complements the recent option we acquired over the prolific Nobles Nob and Juno mining areas. Our aim is to have the Warrego processing facility back online by the end of 2018.” Territory Resources Ltd Director Stephen Parnell said.
Today’s announcement will also see an additional $5 Million of exploration over 5 years by Territory Resources Ltd. This investment builds on the Territory’s significant recent growth in exploration, with ABS figures released earlier this week showing exploration expenditure in the Northern Territory surged by 43 % last financial year.
ABS Australian Bureau of Statistics
NT Northern Territory