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Mount Isa minerals research plan wins A$965,000 feasibility funding

2026-11-14

Illustrative stock photograph, not the reported people, event or location.

A proposed critical minerals research centre in Mount Isa has secured A$965,000 for feasibility work, with the Australian and Queensland governments each committing A$241,250 and the city council contributing A$482,500. The funding announced on November 13 supports investigation of the proposal. It does not approve the estimated A$145 million construction budget or mean the centre is already operating.

The council and the University of Queensland developed the business case for a facility near Mount Isa Airport, between the airport and George Fisher Mine. Companies could use it to examine rock samples, identify the minerals present and test how those minerals might be extracted. The proposal covers metallurgical testing, pilot work and treatment of critical minerals and rare earth elements, bringing some early technical work closer to the deposits.

University of Queensland Sustainable Minerals Institute director Rick Valenta said samples currently sent elsewhere in Queensland, Australia or overseas can create costs and delays. A local centre could help establish what a deposit contains and whether processing is viable before a developer tries to scale up. If the project proceeds, initial testing in Mount Isa would connect with small-scale pilot work in Mackay and larger trials in Townsville.

The proposal forms part of Mount Isa's search for a broader economic base after its underground copper mine closed in July 2025, with nearly 500 jobs lost in a community of about 19,000. Around 85 critical minerals projects are under way in the wider North West Minerals Province, according to the account of the proposal. The business case estimates up to 50 permanent jobs if the centre is developed; that is a projection, not employment already created.

Mayor Peta MacRae said the aim is to retain more research and processing value locally rather than only extract material and send it away. Federal Assistant Minister for Resources Anthony Chisholm described the next task as proving the opportunity and attracting industry investment. The feasibility study remains the immediate step: construction and operation depend on later decisions and funding. The mineral-specimen photograph is illustrative and does not show a Mount Isa sample or the proposed centre.

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