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Press Release: Tennant Creek estimated to be worth billions

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    Interesting little read from Geoscience Australia on the estimated $12.5b worth of potential mineral resources in the East Tennant. A slice of that for Inca would be nice! Will be interesting to see how close reality comes to the estimation. Patient Poet.

    5 August 2020

    Mineral deposits near Tennant Creek estimated to be worth billions

    Minister for Resources, Water and Northern Australia Keith Pitt today issued a joint media release with Senator for the Northern Territory Dr Sam McMahon about the economic potential of natural resources in underexplored areas of the Northern Territory.

    Minister Pitt highlighted analysis of new geological data and mineral potential assessments that found an area east of Tennant Creek could possibly hold new deposits worth about $12.4 billion in gross value.

    "Detailed data collected in the East Tennant area suggests it could host a new mineral deposit with characteristics similar to those of the Ernest Henry near Mount Isa – one of the largest copper-gold mines in Australia,” Minister Pitt said...

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