Queensland’s Crisafulli Government said on April 1 that UltraHPQ’s Sugarbag Hill ultra-purity quartz sand project has been approved. announced a scheduled projectA step that will accelerate development.
Sugarbag Hill It currently has JORC-compliant measured and indicated resources of approximately 1.2 million tonnes and an estimated mine life of 12.4 years. The deposit is open with strike.
UltraHPQ plans to build a manufacturing facility in the Lansdowne Eco-Industrial Precinct in Townsville.
“This project will help strengthen Queensland’s significant mineral potential, bring millions of dollars of investment and create hundreds of jobs in North and Far North Queensland,” Deputy Prime Minister Jarrod Blazey said.
Quartz is recognized as an important mineral in Australia, and is used in the manufacture of advanced manufacturing equipment such as semiconductors and special glasses.
Dale Last, Minister for Natural Resources and Mines, Manufacturing and Regional and Rural Development and Member for Burdekin, said the announcement underlines the Crisafulli Government’s commitment to supporting resource projects that grow regional economies and create jobs for people in Queensland.
Sugarbag Hill is expected to create 600 construction jobs and 140 ongoing jobs in the state.
“We welcome the support of the Queensland Government, which reinforces the strategic importance of our project to the state’s critical minerals strategy,” said Stuart Jones, CEO of UltraHPQ.
“This announcement allows us to pursue project approval more efficiently and with greater certainty as we move through the detailed feasibility study and engineering phase,” he said.
A final investment decision for Sugarbag Hill is expected in early 2027, while construction is targeted for 2028.
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Securities Disclosure: I, Gabriel de la Cruz, do not have any direct investment interest in any of the companies mentioned in this article.
