Resource companies are seeing some very promising results in Tennant Creek and the broader Barkly region, supported by new geoscience data and exploration grants from the Territory Government.
Under the multimillion dollar Resourcing the Territory initiative, the Territory Government is supporting mineral and petroleum exploration and development across the region.
The initiative provides high quality geoscience data to attract companies into the area and offers grants to support innovative exploration activities. Now it is seeing some really promising results in the Barkly region.
Emmerson Resources Limited has been searching for gold at its exploration sites near Tennant Creek and their recent gold intercept results are very encouraging.
The WA based company has announced a joint venture with the Tennant Consolidated Mining Group (TCMG) and has announced high-grade gold deposits have been discovered during recent exploration.
These encouraging exploration results will help support the case for development of a gold processing hub in Tennant Creek, which is currently the subject of a feasibility study by TCMG.
Strategic Energy Resources Ltd has also acknowledged the key role that geoscience data and grant funding from the Territory Government has played in attracting them to explore the Barkly and supporting their exploration efforts.
Numerous other companies are currently exploring for gold and copper in the Tennant Creek and Barkly region, including Newcrest Mining, Rio Tinto, Castile Resources, Encounter Resources, Inca Minerals, Greenvale Mining, King River Resources and more.