Compass Resources NL is an Australian

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...

and mineral exploration company listed on the Australian Stock Exchange and currently in voluntary

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative assistant, Administrative Assistant, traditionally known as a Secretary, or also known as an admini ...

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 is a locality in the Northern Territory of Australia located about 105 kilometres south of Darwin on the East Branch of the Finniss River. It is the site of a uranium deposit, found in 1949, which has been mined. The area deriv ...

uranium mine in the

Northern Territory The Northern Territory (commonly abbreviated as NT; formally the Northern Territory of Australia) is an states and territories of Australia, Australian territory in the central and central northern regions of Australia. The Northern Territory ...

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

. 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 ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

. 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 Gordon Toll (born 1947) is a career mining industry professional and company director, with long term interests in iron ore mining and magnetite project development. In 2020 he was appointed non-executive director of Free Eyre Ltd and its subsidia ...

. 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.

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