Discovering the deposit
Employees of Queensland Metals Corporation (QMC) discover the Kunwarara deposit, 260 million tonnes of high-grade cryptocrystalline magnesite.
After extensive drilling, engineering consultants commence a full feasibility study.
The Kunwarara feasibility project shows strong results – magnesite that requires only simple primary beneficiation, plus low production costs and excellent proximity to labour, energy and transport infrastructure.
QMC and CSIRO, Australia’s national science agency, establish a research laboratory and testing facility in Rockhampton.
QMC and CSIRO establish a collaborative, long-term commercial R&D contract. It’s the first time CSIRO holds shares in a publicly listed company.
The Queensland Government establishes the Magnesium Task Force to develop the magnesite resources.
‘QMAG’ is registered as a product name.
Local contractors, Kinhill Engineers Pty Ltd, complete an A$6.6 million infrastructure feasibility study and produce project plans.
The capital required to construct the mine, beneficiation plant, plus processing plant and ancillary facilities is estimated at A$154 million.
Davy McKee Pacific Pty Ltd wins the tender for EPCM contractor for the Parkhurst plant construction.