M Critical Minerals is pleased to announce the acquisition of two copper projects from Rio Tinto, located in Queensland’s North West Minerals Province.
The projects are located in a region with extensive copper mineralisation including two active copper mines and well known copper projects (see map below). The Mittigudi project straddles the Mt Gordon Fault Zone and is along strike of the Capricorn Copper Mine, Mount Oxide Copper Project and also neighbours “the Big One” copper Mine Licence Application.
The Leichardt project towards the East is across two tenements with anomalies consistent with IOCG (Iron Oxide Copper-Gold) prospects supported by historic copper occurrences. M Critical Minerals remains at the forefront of exploration of critical minerals projects in Queensland. With our existing tenements, these new acquisitions, and applications, M Critical Minerals holds rights over and is exploring thousands of square kilometres of prospective critical minerals opportunities.
We are working to help supply the world with the copper and other critical minerals it needs for sustainable electrification, expanding power usage due to AI adoption, and a range of civilian and defence uses. Statement from Leadership
“Acquisition of two, highly prospective copper projects is part of M Critical Minerals’ plan for growth. The company is building a strong stable of projects across copper, vanadium and graphite for exploration, development and production,” said Mr Matt Latimore, Co-Founder of M Critical Minerals.
“As energy transition and electrification continue at pace around the world, demand for copper is increasing,” said Mr Gerhard Redelinghuys, Co-Founder and Managing Director of M Critical Minerals.
“Demand for copper is outstripping supply at present, resulting in historically high prices, while analysts project annual copper production shortfalls of 10 million tonnes by 2040. M Critical Minerals is acquiring, exploring and developing today to meet this demand.”
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