CopperString on track for greatness says proponent
The project was on track to be “shovel-ready” by October with the continuing support of the State and Federal Governments and was expected for completion in 2024, CuString managing director Joseph O’Brien said.
Speaking at the Smart Energy Council’s Queensland State Summit in Brisbane recently, Mr O’Brien said the company’s transformational energy infrastructure could deliver opportunities akin to the railway, which had delivered economic returns to rival any infrastructure investment in Australia’s history.
“CopperString 2.0 offers to grow this ‘Clean Industrial Ecosystem’ across the Townsville to Mount Isa Corridor developing our vast mineral and renewable energy resources,” Mr O’Brien said.
“It is estimated the value of these known in-situ reserves in the North West Minerals Province is $740 billion, 12 months ago it was $680 billion; that’s an increase of about $1b per week. And when you dig into the exploration data you realise we have barely scratched the surface.
“The North West Minerals Province has the critical, new economy minerals that are in great demand around the world. We need to develop these mineral reserves not just for ourselves, but for the rest of the world.
“The development of renewable energy, advanced manufacturing and battery storage technologies is dependent on access to these minerals. Our ability to develop these minerals and all the opportunities afforded across Northern Queensland relies on building energy infrastructure that aligns most closely with our long-term economic development opportunities.”
Mr O’Brien said northern Queensland was one of the most important regional zones in Australia boasting massive potential and a long list of unique inputs.
“We have the North West Minerals Province, the largest city in Northern Australia, the largest garrison city in Australia, the largest container and commodities port in Northern Australia, and amongst the highest water availability in Australia, and we have some of the lowest land-use constraints in Australia,” Mr O’Brien said.
“This is the status quo, the opportunities ahead of us building on this existing and mature platform are enormous, and they are important to economic growth and environmental objectives.”
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