The Government of Queensland allocates A$15m to refurbish Rocklands sulphide processing facility, aiming to resume operations by 2027. The project will generate 250 jobs and produce up to 26,300t of copper annually, contributing to economic growth in the region. This investment is part of Queensland’s strategy to revitalize the resources sector.

Queensland Treasurer David Janetzki emphasizes the government’s business-friendly approach to bring stability and renewed investment to the mining industry. The refurbishment of Rocklands facility, with a three million tonne per annum sulphide plant, will strengthen the state’s copper supply chain once operational. This initiative aims to create local jobs and support regional communities.

Austral Resources chairman David Newling expresses confidence in progressing the refurbishment of Rocklands, positioning the facility as a major regional copper producer. The project will play a significant role in supplying copper for Queensland’s future energy needs. The investment from QIC provides a foundation for long-term copper production in the region.

Read more at Yahoo Finance: Queensland invests in Austral’s Rocklands copper facility refurbishment