The Department of Regional NSW (Department), MEG has issued a notice of proposed decision to grant ELA 6706. The Company has accepted the proposed terms and have paid the required security bond, the first year’s rent and administration levy. The Department will now prepare the formal grant documents and the Company will be issued with the formal Exploration Licence number within the next two weeks.
The Mundi Mundi Project, a Group 2 (non-metallic minerals) exploration license. The total area covers 35.1km2 with two historic fluorite mines, Mount Eltie and Mount Robe 40km north-west of Broken Hill, NSW.
Fluorite (CaF2) is predominantly extracted from hydrothermal veins deposits like Mount Eltie and Mount Robe. Fluorite has numerous industrial and metallurgical uses from flux in iron and streel production through to next generation lithium-ion batteries
Coolabah Metals Limited
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