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Queensland invests millions in critical minerals mine expansion
The Queensland Investment Corporation (QIC) will fund the expansion of EQ Resources’ (EQR) Mount Carbine tungsten mine in the state’s north with a $20 million loan. The funding comes from the Queensland Critical Minerals and Battery Technology Fund, which aims to assist critical minerals development and the manufacturing of battery technologies. EQR will welcome the funding in two instalments over the loan’s three-year period. The first round will see $12 million provided to assist in doubling the site’s processing capacity and commencing underground drill testing. The second round of $8 million will be used ... (full story)