Greenwing Resources has renewed its Que River mining lease through to 2035, solidifying tenure and enabling advancement of its two-stage development strategy focused on mining restart and data infrastructure opportunities.
- Mining Lease ML 68M/1984 renewed to 2035
- Pre-Feasibility Study underway for mining restart
- Discussions with mining and processing partners initiated
- Long-term data infrastructure opportunity being assessed
- Project benefits from existing industrial and power infrastructure
Lease Renewal Secures Long-Term Tenure at Que River
Greenwing Resources Ltd (ASX:GW1) has achieved a significant milestone with the renewal of Mining Lease ML 68M/1984 at its 100%-owned Que River Polymetallic Project in Tasmania, extending tenure through to March 2035. This renewal provides the company with the foundational certainty to push ahead with its development plans, marking what Managing Director Peter Wright describes as an "inflexion point" for the project.
The lease renewal, granted under Tasmania's Mineral Resources Development Act 1995, does not itself permit new mining or infrastructure activities but clears a critical regulatory hurdle. It allows Greenwing to continue progressing its Pre-Feasibility Study (PFS) and advance regulatory and commercial workstreams necessary for any future operations.
Two-Stage Development Strategy: Mining Restart and Data Infrastructure
Greenwing’s approach at Que River is notably dual-pronged. The immediate focus is on recommencing open pit mining by leveraging existing third-party processing infrastructure nearby. The PFS underway aims to refine mine design, production schedules, and economic parameters to deliver a low capital intensity pathway targeting up to AUD 90 million in potential cash flow. This builds on prior work, including an updated Mineral Resource Estimate and a scoping study that highlighted the project’s robust economics.
Alongside mining, Greenwing is exploring a longer-term opportunity to develop data infrastructure on site. The Que River location offers several advantages for such a venture: established industrial footprint, proximity to renewable hydro power, cool ambient conditions, water availability, and secure, remote access. The company intends to pursue this through strategic partnerships rather than direct operation.
Partner Engagement and Regulatory Progress
Greenwing has initiated discussions with potential mining and processing partners, signalling a collaborative approach to unlocking value at Que River. These engagements are critical given the company’s strategy to utilise third-party processing capacity for the mining restart.
Regulatory and environmental approvals remain a key focus, with ongoing dialogue involving Mineral Resources Tasmania, EPA Tasmania, TasNetworks, and the Tasmanian Government. The company’s constructive relationship with these bodies has been highlighted as a positive factor in advancing project workstreams.
Further updates on the PFS and other development activities are expected throughout 2026, as Greenwing continues to push forward with its staged development plan.
Bottom Line?
The lease renewal cements Greenwing’s foothold at Que River, but the path to mining restart and data infrastructure hinges on successful partner deals and regulatory approvals.
Questions in the middle?
- Will Greenwing secure binding agreements with mining and processing partners to enable the mining restart?
- How will the Pre-Feasibility Study outcomes influence investment and operational timelines?
- What scale and scope will the proposed data infrastructure development achieve alongside mining?