MGT Minerals is an emerging mineral producer and explorer. It controls a range of mining licenses and explorations permits, all geographically situated within the Mount Garnet region of North Queensland, three hours from Cairns. Located within the mining lease #4349 is the Mt Veteran Mill. This mill will be upgraded in June 2018, following the grant of the environmental permit for the exploitation of this lease (#4349). This first producing operation for MGT will be composed of two open-pit tin mines that will exploit the ore within Dalcouth and Summer Hill which has a combined mine life of 6 years. Starting from July 2019, MGT expects to produce 1,600 metric tons of tin concentrate per annum (approx. AUD $30 million). In addition, MGT has several additional options to extend its production life and make full use of Mt Veteran mill, which is the only production mill in the region. In particular, MGT intends to enter into joint venture agreements, to fully utilize them, to explore the other tenements/exploitation permits it owns for new mineral resources, or to potentially acquire additional lease(s) in the neighbouring grounds.
MGT Minerals is an emerging mineral producer and explorer. It controls a range of mining licenses and explorations permits, all geographically situated within the Mount Garnet region of North Queensland, three hours from Cairns. Located within the mining lease #4349 is the Mt Veteran Mill. This mill will be upgraded in June 2018, following the grant of the environmental permit for the exploitation of this lease (#4349). This first producing operation for MGT will be composed of two open-pit tin mines that will exploit the ore within Dalcouth and Summer Hill which has a combined mine life of 6 years. Starting from July 2019, MGT expects to produce 1,600 metric tons of tin concentrate per annum (approx. AUD $30 million). In addition, MGT has several additional options to extend its production life and make full use of Mt Veteran mill, which is the only production mill in the region. In particular, MGT intends to enter into joint venture agreements, to fully utilize them, to explore the other tenements/exploitation permits it owns for new mineral resources, or to potentially acquire additional lease(s) in the neighbouring grounds.
Company Information
- Industry
- Mining & Metals
- Company Type
- Privately Held
- Founded
- unknown
- Employee Range
- 1-10
- Revenue Range
- Not available
Location
- Address
- QLD Mount Garnet
- City
- Singapore
- Region
- Central Singapore
- Postal Code
- 4872
- Country
- Singapore