Dr Anthony Lynham

STATE MEMBER FOR STAFFORD

New mine going for gold in North Queensland

Agate Creek Mine

21 February, 2019 –

Laneway Resources plans to hit the ground running on its Agate Creek Gold Project in North Queensland, teaming up with Maroon Gold Pty Ltd to allow work to start immediately.

Agate Creek Mine, located approximately 40km south of Forsayth, will be powered by 20 local jobs in the first phase of the project.

This is projected to increase to 80 jobs in Phase Two of the project, when an onsite processing plant is added to increase the mining output from 100,000 tonnes to 700,000 tonnes per annum.

As part of their mining lease application and Native Title agreement, mine owners Laneway Limited, have committed to employing local residents, and will offer training and business opportunities for Traditional Owners the Ewamian People.

The companies involved in this project have met land access agreements and fulfil all existing environmental and Native Title requirements.

The Palaszczuk Government has facilitated more than $9 billion of mining investment in Queensland over the past four years, supporting 5,500 jobs.

A pipeline of almost $25 billion more resources projects will provide resources jobs well into the future.

Agate Creek Project follows a strong 12 months for local gold exploration and continuing high gold prices. Gold exploration expenditure increased to $61.7 million in 2017-18 – up 21 per cent on the previous year.

Forsayth is in the Gulf-Savannah region, 300 km south-west of Cairns. In its gold rush heyday, it was known as the “poor man’s goldfield” because prospectors didn’t need expensive equipment to search for gold.