China Yunnan Discovers Rare Earth Deposit in Queensland

China Yunnan Copper Australia Ltd has discovered a significant rare earth deposit in northwest Queensland, Australia.

The heavy rare earth element Yttrium was found in the Mt Dorothy region based Mary Kathleen joint venture with Goldsearch Ltd. The mining site was initially being targeted by the mining operators for uranium.

The announcement of the discovery led the shares in the Australian listed China Yunnan Copper company to rise by 68.18 percent to 37 cents. The major shareholder for the company happens to be Chinalco. The shares in the partner company Goldsearch also doubled reaching 6.6 cents.

The managing director of China Yunnan Copper, Jason Beckton said that the discovery of the heavy rare earth element Yttrium at Mount Dorothy was exciting, and the increased element associations they were seeing with HREE-Y suggested a very important target for future drilling after the current wet season.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). China Yunnan Discovers Rare Earth Deposit in Queensland. AZoMining. Retrieved on February 25, 2024 from https://www.azomining.com/News.aspx?newsID=2417.

  • MLA

    Scanlon, Joel. "China Yunnan Discovers Rare Earth Deposit in Queensland". AZoMining. 25 February 2024. <https://www.azomining.com/News.aspx?newsID=2417>.

  • Chicago

    Scanlon, Joel. "China Yunnan Discovers Rare Earth Deposit in Queensland". AZoMining. https://www.azomining.com/News.aspx?newsID=2417. (accessed February 25, 2024).

  • Harvard

    Scanlon, Joel. 2019. China Yunnan Discovers Rare Earth Deposit in Queensland. AZoMining, viewed 25 February 2024, https://www.azomining.com/News.aspx?newsID=2417.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.