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China Yunnan Discovers Rare Earth Deposit in Queensland

By Joel ScanlonJan 10 2011

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.

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.

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APA
Scanlon, Joel. (2019, March 19). China Yunnan Discovers Rare Earth Deposit in Queensland. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=2417.
MLA
Scanlon, Joel. "China Yunnan Discovers Rare Earth Deposit in Queensland". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=2417>.
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Scanlon, Joel. "China Yunnan Discovers Rare Earth Deposit in Queensland". AZoMining. https://www.azomining.com/News.aspx?newsID=2417. (accessed November 21, 2024).
Harvard
Scanlon, Joel. 2019. China Yunnan Discovers Rare Earth Deposit in Queensland. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=2417.