With both mining and processing capabilities, RZ Resources is one of the few emerging mineral development companies that can establish sovereign supply chains to deliver critical minerals directly from Australia to local customers and those in the U.S., Japan, Europe and elsewhere.
RZ Resources has a portfolio of 17 tenements, including the flagship Copi Mine Project. Four more tenements are under application for an exploration area totaling 6,403 km2.
While RZ Resources has a portfolio of tenements, it will first develop the flagship Copi Mine Project, which currently covers three tenements. While it develops the Copi Mine Project, RZ Resources will continue to drill, evaluate, and progress the other tenements in its portfolio.
The Copi Mine Project is currently progressing through mining and environmental approvals. At the same time, a mineral processing plant in Brisbane is the only operational plant of its type on Australia’s east coast.
Critical minerals are metals and non-metals that are considered vital for the economic well-being of the world’s major and emerging economies. Australia has identified 31 minerals that are critical for development and among these important minerals are metals and semi-metals used in the manufacture of mobile phones, flat screen monitors, wind turbines, electric cars, solar panels, and many other high-tech applications.
Mineral sands typically comprise zircon, rutile, leucoxene, ilmenite, monazite and xenotime, which are the feedstocks in the production of zirconium and hafnium metal, titanium metal and the rare earth elements vital in a low-carbon world.
This global demand for critical minerals is instrumental for the development and expansion of clean technology applications, like high-powered magnets and batteries, is growing exponentially. Australia is already among the world’s top suppliers of some of the world’s most sought-after critical minerals.
Titanium feedstocks are defined by their titanium dioxide (TiO2) content, with the higher the content, the more valuable the product.
The worldwide demand for zircon is being driven by urbanisation of developing economies, world economic growth and the increasing end applications of zircon. However, the global supply of zircon is declining due to current mines coming to their end of life and associated declining grades.
Rare Earth Elements (REE) are a group of 17 metals made up of 15 lanthanides, plus scandium and yttrium. At the Copi Project the rare earths bearing minerals are found in the form of monazite and xenotime grains.
RZ Resources has submitted its Environmental Impact Statement (EIS), and is now compiling a response to Submissions report (RTS). The development of the EIS follows comprehensive discussions with local communities, planning authorities, and engineers over a few years.