Sustainable and responsible operations

Transition Resources Pty Ltd (“Transition”) is a privately funded venture. Through its 100% owned subsidiary Future Mines Pty Ltd it owns highly prospective exploration and mining tenements near the regional Queensland township of Cloncurry.

The tenements are located within the Cloncurry Belt of the Mt Isa Inlier, a recognised world class minerals province and host to major deposits, including Tier One class.

The tenements are within short trucking distance of many currently operating mines, planned operating mines and mines on care and maintenance, offering third-party processing options. Cloncurry also boasts excellent modern infrastructure such as rail and national highways, and facilities such as a regional hospital and a large passenger jet airport.


“Plans are worthless, but planning is everything.”

Quote from Dwight D Eisenhower, who ascribed it to an anonymous soldier.

Transition believes that business outcomes are optimised through careful planning and pragmatic response to shifting circumstances, however true success often comes from being malleable enough to embrace opportunities that were not initially planned for.



Self-funded exploration through recurring revenue

Transition is committed to an ongoing positive contribution through its activities, that benefits all stakeholders including: employees, executives and shareholders, the local community; indigenous and pastoral landowners; the environment; local, state and federal economies; and Transition’s shareholders.

Transition embrace’s equal opportunity, respects stakeholder rights to exercise their different forms of freedom, and embed honor, integrity and honesty in our actions.

Transition’s business model objective is to self-fund its activities through recurring revenue that:

sustains the organisation’s development and growth initiatives;

funds exploration and asset activity that builds value; and

enables the return of excess funds to shareholders.

Transition believes it can achieve its objectives by pursuing value-adding initiatives through the concurrent pursuit of exploration and development.



Success is enhanced by meeting the needs of all stakeholders

Transition is pursuing an environmentally, socially and economically sustainable approach to its regional presence that in its simplest form includes;

  • ongoing (self-funded) exploration;
  • concurrent small-scale development;
  • efficient (shared) use of infrastructure; and
  • improved environmental amenity through privately funded rehabilitation of historically disturbed sites.


Transition’s business model would benefit all stakeholders by:

  • Directly and indirectly generating jobs locally (both high-skilled and low-skilled employment), in possible collaboration with local government.
  • Maintaining an operational presence and injecting cash into the local economy.
  • Paying royalties (through ore sales) to the State and Native Title claimants.
  • Providing land improvements for pastoralists (roads, rehabilitation, etc.).
  • Progressively rehabilitating historical areas of disturbance that would otherwise continue to contaminate the local environment.
  • Responsibly self-funding Transition’s ongoing exploration and development activities.
  • Paying taxes to the Federal Government.
  • Providing a return on investment to shareholders!



Focused effort and innovative response to regional opportunities

By successfully dove-tailing exploration, development and rehabilitation activity, all stakeholders can be genuine beneficiaries from an economically sustainable and responsible business model that would aim to facilitate:

Early revenue

Early revenue

Identification of small, near-surface oxide/sulphide ore (Cu, Au, Co) for near-term retrieval, sale or toll treatment by third-parties, to self-fund ongoing operations.

Innovative development

Innovative development

Innovative development, processing and rehabilitation model based on small-scale recurring operations, shared use of infrastructure and net positive environmental impact – supports monetisation of projects too small for larger operators. Do it small, do it quick, do it often!

Self-funded exploration

Self-funded exploration

Focus on shallow to moderate depth, company-making, mid to large-scale exploration targets, that are within Transition’s budget reach.

Tier One strategy

Tier One strategy

Tier One strategy would selectively focus on deeper, larger, more expensive exploration programmes with major company-making appeal, through shared funding via joint venture or similar arrangement with larger third-party groups.

Many paths to growth

Many paths to growth

Options to maximise shareholder wealth may include acquisitions, joint ventures, asset sales, asset spin-offs into separate IPOs, and of course may ultimately involve an IPO of the parent company. Subject to financial capacity, Transition may also look at share buy-backs in certain circumstances.



Transition’s vision is to maximise shareholder wealth and in this regard its intention remains to return excess funds from revenue generating activity as dividends when prudent to do so.



Transition will essentially be the first company to apply modern exploration methods to highly prospective areas based on a developing new depositional model for the region.

High‐resolution geophysical surveys are targeting some of the most densely mineralised areas in the Cloncurry District for the first time.

This has resulted in Transition generating some of the most significant new sub‐surface geophysical records in Queensland.

The developing new mineral system model offers possible game‐changing discovery opportunities throughout the region, as overlooked tenements become fertile new opportunities on three fronts:

1. High‐value rare and technology metals focus
(Au, W, REE+Y, Co, Sc, +/‐ Cu)
2. Shallow, high‐grade mid‐scale copper focus
(Cu, Au, Co)
3. Deeper large‐scale Tier One exploration focus
(Cu, Au, Co, ?)


Transition’s WEST PROJECT tenements include some of the most densely mineralised areas of the Mount Isa Inlier, thought to be indicative of possible hidden orebodies at depth. Despite wide spread Cu and Au mineralisation throughout the area, historically it has been poorly explored because the geology was poorly understood, and as a result its possible economic potential not recognised. This thinking has been enhanced considerably in recent times due to a reappraisal of the source of mineralisation for the region by Emeritus Professor Ken Collerson.

The WEST PROJECT also includes six Mining Leases which offer advanced development opportunities.


Transition’s EAST PROJECT tenements are centred on a highly prospective area that is currently the focus of intense exploration activity, including ongoing drilling of large-scale IOCG targets by Newcrest Mining (ASX:NCM) for the Newcrest-Exco JV, Ausmex (ASX:AMG) for the Ausmex &
Ausmex-Exco JV, and both IOCG and ISCG (under cover) targets by Minotaur Resources (ASX:MEP) for the Minotaur-Oz Minerals JV.

The tenements are characterised by numerous small-scale copper and gold mines that were predominately mined prior to 1960, at a time when lack of infrastructure and transport of ore by bullock or camel train, dictated that only high-grade ore was mined and shipped. Historical mines were generally identified by surface mineral exposures. Deep Exploration activity was rarely undertaken in the area and as a result, the tenements for the most part have been under-explored.



New resources through exploration and discovery success

Transition will pursue new resources through exploration and discovery success including shallow oxide/sulphide ore (Cu, Au) for near-term third-party sale or toll treatment, whilst selectively focusing on larger exploration targets (up to Tier One scale) with company making potential (Cu, Co, Au).

Transition’s exploration focus is best described as pragmatic, with a focus on merging old-school with modern exploration methods.



Monetisation of existing identified resources

Transition plans to generate recurring revenue through planned small-scale mining, including the retrieval of historic mineralised waste piles (identified throughout Transition’s tenements), and upgrading at one of the Transition’s six mining leases for third-party sale or toll treatment.