Queensland Unlocks More Land For Resource Exploration

More land has been unlocked in Queensland, Australia, to be explored in a hunt for potential future resource projects.

On Friday (February 1), the Minister for Natural Resources, Mines and Energy Anthony Lynham announced the recipients of mineral and coal tenders in the North West Minerals Province and the Bowen and Surat basins.

This included junior explorer Red Metal (ASX:RDM), which now has access to 400 square kilometers of land, located 250 kilometers north of Mount Isa, to explore for new zinc, lead, copper and silver deposits.

“Unlocking land for resource exploration — whether it is to uncover coal, gas or minerals — is vital to continuing resource development, whether it’s for mining jobs or royalties to fund our hospitals and schools,” Lynham said in a statement.