24 Aug 2016
A Western Australian-based mining company says a manganese deposit in the Mary Valley, near Gympie in southern Queensland, has the potential to produce up to one million tonnes of ore.
Eclipse Metals has three blocks of land across 200 square kilometres in the Mary Valley and executive chairman Carl Popal said testing at an old manganese mine site at Amamoor in the past year has revealed high-grade ore deposits.
There will be further testing across all seven prospects in the area but Mr Popal said results so far showed excellent potential.
"The Amamoor working is classified as belonging to the Cuban type of subclass volcanic manganese deposit which has got similarities to the Woodie Woodie deposit in WA in the Pilbara region, so if that all materialises the way our assumption is we could be looking at something huge," he said.
Executive director Pedro Kastellorizos said so far it looked promising.
"Our global target will be between 500,000, up to a million tonnes of mineralised ore," he said.
"If that was the case then we'd be looking between 100 million and up to 200 million dollars in-ground value of the project."
Reported from ABC | April 1, 2015
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