Grant of Key Productive Minerals Leases for Ammaroo Project
Significant milestone advances one of the world's largest undeveloped phosphate resources.
Verdant Minerals is pleased to announce the granting of the key productive mineral leases for Ammaroo Phosphate Project, by the Finocchiaro Government.
This significant milestone advances one of the world's largest undeveloped phosphate resources, located about 220km southeast of Tennant Creek.
Acting Chief Minister and Minister for Mining and Energy, Gerard Maley, stated, “This is a significant milestone in progressing a world-class resource project that will support jobs, drive investment, and strengthen the NT’s position as a leader in resource development.”
The project promises approximately 400 construction jobs and 250 operational jobs, driving local economic benefits and supporting global agricultural productivity. Verdant Minerals is nearing the final stages of securing its Mining Authorisation, which will enable construction to commence.
Minister Maley highlighted, “The Finocchiaro CLP Government is backing the resources sector because it is the backbone of our economy and a key driver of long-term prosperity for the Territory.”
Verdant Minerals Managing Director, Chris Tziolis, expressed appreciation for the NT Government's support, emphasizing the project's crucial role in regional economic growth.
More information and the full NT Government media release can be found here: https://createsend.com/t/t-2F780B2CCE8962CB2540EF23F30FEDED
