Gold mining and renewable energy and storage projects on show

An event targeted at investors interested in Queensland exploration projects has provided an insight into the diverse range of investment opportunities in Queensland’s resource sector.

Queensland Exploration Council (QEC) Chair Kim Wainwright said the explorer-focused member organisation was pleased to be showcasing flagship operations from companies that explore and produce new economy minerals such as gold, as well as leading solar power generation and pumped hydro storage technologies.

“The QEC is proud to represent the many member companies that are sharing the story behind their world-class operations to produce new economy minerals essential for future technologies,” Ms Wainwright said.

Guest speaker Brad Cox, General Manager Geology at Aeris Resources told approximately 60 guests at the Investment Showcase event in Brisbane about the company’s Cracow Gold Operation project located just 500km north-west of where guests were sitting.

“Cracow Gold mine has consistently been producing around 80,000 ounces a year over its 15 years of operating and we have enjoyed this success since acquiring the operation from Evolution Resources in June 2020,” Mr Cox said

“As our flagship gold operation, plans are underway to further explore our newly acquired tenements.

“We see significant potential at Cracow and are committing $13M to exploration in FY22,” Mr Cox said.

Investors also heard from guest speaker Simon Kidston, Executive Director at Genex Power who said the company is focused on developing a portfolio of renewable energy generation and storage projects across Australia, including its flagship Kidston Clean Energy Hub, located in North Queensland.

“Our Kidston Clean Energy Hub is made up of the first pumped storage hydro project to be built in Australia in 40 years and the first to be developed from a disused gold mine,” Mr Kidston said.

“When the Kidston Pumped Storage Hydro Project is operating it will generate enough energy to power over 110,000 homes,” Mr Kidston said.

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