October 1, 2022

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Fortescue makes an attempt to discover southern WA searching for important minerals

Billionaire Andrew Forrest’s mining firm Fortescue has utilized for exploration leases for greater than 7,000 sq. kilometers of land in southern Western Australia in its seek for important mineral deposits.

The tenements cowl largely agricultural land from Gnowangerup within the Nice Southern to Ravensthorpe within the Goldfields-Esperance area.

Andrew Forrest’s mining firm, Fortescue, plans to probe for important minerals within the Nice Southern area of Western Australia.Recognition:Trevor Collens/Landtracker

Fortescue is the fourth largest iron ore producer on the planet however has had ambitions in different minerals corresponding to lithium for Australian exploration for a number of years however with out a lot luck discovering new deposits.

The corporate’s lithium exploration was beforehand centered on the Pilbara, however in March 4 exploration leases have been utilized for close to Bridgetown and the Greenbushes mine — the world’s largest hard-rock lithium operation.

An extra 20 properties have been utilized for this month close to Ravensthorpe, which already has lithium, nickel and tantalum mines.

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The Australian authorities considers 26 commodities to be important minerals, together with lithium and tantalum.

Many important minerals are required for the manufacture of batteries in electrical autos and for long-term storage.

Battery minerals exploration spending in WA elevated 62 p.c to $627 million in 2021, whereas income elevated 48 p.c to $9.3 billion in the identical 12 months.

https://www.smh.com.au/enterprise/corporations/fortescue-seeks-to-explore-wa-s-south-in-hunt-for-critical-minerals-20220810-p5b8ur.html?ref=rss&utm_medium=rss&utm_source=rss_business Fortescue makes an attempt to discover southern WA searching for important minerals

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