Compass Resources NL is an Australian

mining Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...

and

mineral exploration Mining engineering is the extraction of minerals from the ground. It is associated with many other disciplines, such as mineral processing, exploration, excavation, geology, metallurgy, geotechnical engineering and surveying. A mining engineer m ...

company listed on the

Australian Stock Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

and currently in voluntary

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal: the process of dealing with or controlling things or people. ** Administrative assistant, traditionally known as a se ...

since 29 January 2009.Compass Resources ASX announcements 2009
accessed: 10 September 2009 The company's main assets are mineral resources at Browns, Browns East and Mount Fitch, adjacent to the former

Rum Jungle Rum Jungle are an Australian indie rock group from Newcastle, New South Wales. The group released released four EPs before their debut studio album, ''Recency Bias'', was released in February 2025. History Rum Jungle were formed by Benny Mc ...

uranium mine in the

Northern Territory The Northern Territory (abbreviated as NT; known formally as the Northern Territory of Australia and informally as the Territory) is an states and territories of Australia, Australian internal territory in the central and central-northern regi ...

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

. Brown's consists of a multi-metal oxide deposit overlying a related sulphide deposit. Compass also has exploration rights over the site of the former uranium mine and some royalty rights on a gold mine in

New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ...

. and

Mining in the Northern Territory

On 29 January 2009, Compass Resources went into voluntary administration, while in the process of commissioning the Brown's Oxide mine. Compass was listed on the ASX with the fourth-largest lead deposit in the world, plus numerous other deposits with the potential value in excess of $15 billion. The company was chaired by mining magnate Gordon Toll. The company was awarded major project facilitation status by the Australian federal government and endorsed as a "Major Project of National Significance". The company formed a joint venture with Hunan Non-Ferrous Metals Corporation . As Compass undertook capital projects to develop and extract lead and other metal ores, costs appear to have blown out.

References

External links

* * {{Mining companies of Australia Mining companies of Australia Uranium mining companies of Australia Nickel mining companies