From coal to
critical minerals
Conzinc Riotinto of Australia Ltd (CRA, now Rio Tinto) explored the Wimmera in the late 1970s looking for coal. CRA presumed the geology of the Murray Basin would mirror the La Trobe Valley and the Gippsland Basin. But, instead of coal, CRA discovered vast mineral sands deposits containing titanium, zircon, and rare earth minerals. Back then, only titanium was a well-known commodity with a stable market. So, CRA relinquished the tenements in late 1990 after merging with Rio Tinto.
By the 2000s, growing global urbanisation and electrification had created strong markets for zircon and rare earth minerals. Astron acquired the tenement rights in 2004. After 20 years, and more than $100M investment - in engineering, design, land, water acquisition and environmental and heritage studies - the project is on the cusp of development. Some 50 years on from discovery, this once discarded mineral deposit promises critical ingredients for the technology we increasingly rely on.