australia’s minerals initiatives
TRANSCRIPT
Australia’s minerals initiatives: meeting the challenges of our changing world: Dr Andrew Heap, Geoscience Australia
Australia and Japan: partnering in critical minerals: Ms Jessica Robinson, Critical Minerals Facilitation Office
Queensland Overview: Mr Tony Knight, Geological Survey of Queensland
New South Wales: An emerging world–class minerals investment destination: Dr Chris Yeats, Geological Survey of NSW
Victoria: Mr Cameron Cairns, Geological Survey of Victoria
Mineral Investment opportunities in Tasmania: Dr Andrew McNeill, Mineral Resources Tasmania
South Australia: Mr Rohan Cobcroft, Geological Survey of South Australia
Western Australia: Critical Minerals: Ms Michele Spencer, Geological Survey of Western Australia
Northern Territory: Dr Ian Scrimgeour, Northern Territory Geological Survey
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Australia’s minerals initiatives:meeting the challenges of our changing world
Dr Andrew HeapChief, Minerals, Energy and Groundwater Division, Geoscience Australia
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The Australia Minerals collaboration
1. Australia's geological surveys working together
2. Government strongly supports mineral exploration, mining
and investment
3. Government initiatives to make minerals discovery and
development easier
4. ‘Exploring for the Future’—successes and an update
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Australia’s Resources & Energy Sector 2019–2020
GDP 9%
Employment 238,000
Exports $290B
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
National Resources Statement (2019)
1. Deliver the most globally attractive and competitive investment destination for resources projects
2. Deliver new resources, industries and markets
3. Invest in new technologies and approaches, especially to deliver better environmental outcomes
4. Create well paid, secure jobs
5. Support communities to ensure they receive benefits from the development of Australia’s resources
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
National initiatives
Federal stimulus1. Junior Minerals Exploration Incentive
2. Research and development tax incentive
3. Northern Australia Infrastructure Fund
Government agencies6. Australian Trade & Investment Commission (Austrade)
7. Major Projects Facilitation Agency
8. Critical Minerals Facilitation Office
Cooperative Research Centres4. MinEx CRC National Drilling Initiative
5. CRC Ore
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
National initiatives—legislative
Foreign Acquisitions and Takeovers Act 1975
• Updated to keep pace with emerging risks and global developments.
• Supports foreign investment
• Increased public confidence
• Increased clarity
• Streamlined processes
• https://treasury.gov.au/sites/default/files/2020-06/p2020-87595_0.pdf
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
National initiatives—legislative
• National Environmental Standards
• Remove duplication
• Improved indigenous engagement
• Better data and information flow
• https://epbcactreview.environment.gov.au
/resources/interim-report
Environment Protection and Biodiversity Conservation Act 1999
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Recovery from COVID-19
• Australia responded quickly• Minimised health impact
• United through a national cabinet
• Seek to minimise economic impact
• Strong resources sector• Exploration affected
• Mining essential industry
• Government support• Land releases, freezing of fees and charges for explorers, grants
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New Frontiers Initiative
New Frontiers Cooperative Drilling
Program
Exploration Incentive Scheme
Accelerated Geoscience
Program
State of discovery—minerals strategy
Victorian initiatives & projects
Mining Sector Innovation Initiative
Exploration Drilling Grant Initiative (EDGI)
Accelerated Discovery Initiative
Explore SA – The Gawler Challenge
New Economy Minerals Initiative
Collaborative Exploration Initiative
Strategic Resources Exploration Program
Geoscience Data Modernisation Project
Resourcing the Territory
Other government initiatives
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Government initiatives for geological data acquisition
Exploring for the Future Phase 1
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Exploring for the Future—phase 1 results
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New insights—cover thickness and groundwater
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New insights—plate thickness controls
Low High Czarnota et al. (2020)
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Supporting exploration discovery with:
• New data covering ~3,000,000 km2
• >250 new data layers in the data discovery portal
AusAEM 148,000 km Active seismic 1,972 km
Groundwater AEM 34,927 km Geochemistry 776 samples
AusLAMP 147 stations Geochronology120 samples,
400 isotopes
AusARRAY 135 stations Groundwater 118 samples
Gravity2724
stationsDrill holes
70 for 10,370 m
(deepest 2,680.53 m)
www.ga.gov.au/eftf
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Exploring for the Future—industry action
• New exploration
in frontier regions
• Companies quick
to capitalise on
new information
• Groundwater
assessments
also contributing
to development
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Decision support and assessment tools
eftf.ga.gov.au
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Exploring for the Future—Extension 2020–2024
• 23 June 2020 the Australian Government announced a further $125 million investment in the Exploring for the Future program.
• The additional funding extends the program for another four years and expands its reach nationally.
• August 2020 the Australian Government announced an east corridor and a west corridor for focused research.
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Australia’s minerals initiatives: meeting the challenges of
our changing world
1. Australia is a major supplier of minerals and energy and remains highly prospective for further development
2. National Resources Statement – Australian Government strongly supports mineral exploration, mining and investment
3. Government initiatives are making minerals discovery and development easier in Australia
4. ‘Exploring for the Future’ is helping target investment with world-leading geoscience data acquisition programs across the country
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Australia Mineralswww.australiaminerals.gov.au
Thank you for your interest in Australia
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
www.industry.gov.au/criticalminerals
Australia and Japan: partnering in critical minerals
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Japan and Australia: Special Strategic Partnership
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….Japan and Australia’s mutual economic security and prosperity depends on secure and reliable supply chains for critical goods and services. In this context, they emphasised the need to strengthen bilateral cooperation on cyber security, critical technology and energy and natural resources sectors, to ensure secure and resilient critical infrastructure and systems of national significance [….] Critical minerals and communications[…..]were a particular focus.”
Prime Minister of Australia, Prime Minister of Japan, Press Release, paragraph 7, 9 June 2020
The Partnership has a growing focus on critical minerals
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Long history of Japanese investment in Australia’s resources, critical minerals a prospective sector for more commercial cooperation
Japan is already seizing opportunities in Australia’s rare earths sector
Japan is Australia’s second largest source of FDI and there are 421 Japanese firms and subsidiaries in Australia
Long history of Japanese investment developing Australia’s resources sector
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Australia has abundant critical mineral resources and a natural competitive advantage in minerals processing
Mineral Australia’s Resource Rank
Australia’s Production
Rank
Development Potential
Cobalt 2nd 3rd HighestNickel 1st 6th Highest
Rare Earths 6th 2nd HighestGraphite 7th - SignificantLithium 3rd 1st Significant
Vanadium 3rd - Significant
Moving down the value-chain
Magnet Mineral
Australia’s Resource Rank
Australia’s Production
Rank
Iron ore 1st 1st
Rare Earths
6th 2nd
Boron - -
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Australia has the experience and potential to be a world leader in the sustainable exploration, extraction, production and processing of critical minerals
Market leader in Mining Equipment, Technology and Services (METS) sector and home to top tertiary education institutions for mineral and mining engineering
World’s biggest robot – first automated heavy-haul long distance rail network – AutoHaul project
At the forefront of global safety and sustainable development practice Minerals Council Australia. 2019. Critical Minerals Investment Opportunities in Australia.
Western Australia is the top jurisdiction in the world for investment based on the Investment Attractiveness Index; South Australia ranking 6th
Fraser Institute. 2019. Fraser Institute Annual Survey of Mining Companies.
•Release of Australian Critical Minerals Prospectus (2nd
Edition)
The Critical Minerals Facilitation Office (CMFO) has a leading role as the Government’s central coordination point to help grow Australia’s critical minerals sector
March 2019
•Australia’s Critical Minerals Strategy and the first edition of Australia’s Critical Minerals Prospectus released
November 2019
•Announcement of new government measures including establishment of a Critical Minerals Facilitation Office
January 2020
•Critical Minerals Facilitation Office opens
April 2020
•Commonwealth of Australian Governments Critical Minerals Work Plan endorsed
October 2020
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35The Prospectus can be found on the Austrade website: https://www.austrade.gov.au/International/Invest/Opportunities/Resources-and-energy
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Creating demand
Enabling and
attracting investment
International
engagement
Ethical certification
and mineral
provenance
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Supporting Critical Minerals Markets through the CMFO
National Critical Minerals
Roadmap
Expanding Supply
Investing in research
& development
Supporting
Australian projects
to produce and move
downstream
Critical Minerals Hubs &
Precincts
Boosting exploration
Improve operations of global markets
Participation in governance programs Participation in standards setting
Role: Growing Australia’s critical
minerals sector and diversifying
supply
Vision: Establish a global hub for
batteries, magnets, precision alloys
and components
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International developments
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Other Key Australian Government Support and Initiatives
• $25 million government support
• Jointly supported by:• the Government;• industry participants; and• research organisations.
Cooperative Research Centres Projects
• $20 million in 2019-2020 for critical minerals projects (incl. lithium)
• Supports pilot and R&D activities.
Modern Manufacturing Initiative (MMI)
• $1.3 billion in the next four years
• Critical minerals (incl. lithium) identified as one of the six priority areas
• Assists manufacturing businesses to scale-up, commercialise ideas, and integrate into local and international value chains
R&D Tax Incentive
• $2 billion to support R&D activities
• The minerals sector frequently receives rebate
• Open to foreign companies for R&D activities undertaken in Australia
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The Australian Government and the CMFO continue to welcome engagement with international partners
Excellent ESG standards and practices for lithium production and processing
Diversify and secure global supply chains
Investment and offtake agreements
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Critical Minerals Facilitation Office
Phone: +61 2 6213 7080
Email: [email protected]
Web: www.industry.gov.au/criticalminerals
Subscribe to our newsletterAustralian Critical Minerals News
Jessica RobinsonHead, Critical Minerals Facilitation Office
Contact us
Current government initiatives
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Australia Minerals
Exploring for the Future
Future Battery Industries Cooperative Research Centre (FBICRC)
Cooperative Research Centre for Optimising Resource Extraction (CRC ORE)
MinEx Cooperative Research Centre (MinEx CRC)
Junior Minerals Exploration Incentive
National Mineral Exploration Strategy
Further informationCritical Minerals Facilitation OfficeAustralia’s Critical Minerals Strategy Australia’s Critical Minerals Prospectus Australian Government: Supporting critical minerals projectsAustralian Government: Investing in critical minerals
Queensland overview
Tony Knight
Chief Government Geologist
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Queensland – State overview
• State Election – 31 October 2020
• COVID-19 response & support initiatives• Increased support to explorers, including direct grants
• Work program deferment
• Critical worker assessment process – to allow entry to the state
• Streamlining of reporting requirements
• Industry development• “CopperString” project supported by Government – to join
Northwest Minerals Province to National Electricity Market
• Release of “New Economy Minerals Investment Opportunities” document
• “New Economy Minerals Precincts Strategy” in development
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – CopperString projectWhy?
Designed to improve viability of Northwest Minerals Province new project developments by providing access to national electricity network
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – New geoscience data system
https://geoscience.data.qld.gov.au/
All Queensland’s exploration data in one place
Can search by text or spatial methods
Allows machine-to-machine connection
Designed to enable advanced analytics and machine learning
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – Coal sector update
• There are currently ~30 advanced coal projects in
Queensland:
• 20 Greenfields or new projects;
• 10 Brownfields extensions or expansions
• ~25 are in the Bowen Basin
• China has imposed unofficial import restrictions
on Australian coal
• Relatively little impact from COVID-19
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – Coal Mining Lease approvals
Ironbark No. 1
Fitzroy CQ
Underground
Metallurgical
Production: 2.6 Mtpa ROM
Grevillea (Saraji)
(Extension)
BHP Coal
Open cut
Metallurgical
Production: Continuation of: 55 Mtpa ROM (Whole
of Project)
Isaac Plains (Extension)
Stanmore Coal
Open cut
Pulverized Coal Injection (PCI)
Production: 1.4 Mtpa ROM; 1.2 Mtpa Saleable
Mackenzie North
(Extension)
Jellinbah Group JV
Open cut
Coking
Production: 1-2.5 Mtpa Product
CamebyDowns
(Extension)
Syntech Resources
Open Cut
Thermal
Currently 2.8 Mtpa, will increase to 3.5 Mtpa once in full
production
Olive Downs
Pembroke Resources
Open Cut
Metallurgical & PCI
15 Mtpa (forecast)
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – Adani mine progress
• First mine in Galilee Basin
• Mine & supporting infrastructure in development
• First coal 2021
• Export via Abbot Point
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – Minerals
1700 – Exploration Permits in force
584 – companies holding Exploration
Permits
268 – companies in application for
Exploration Permits
Area held by companies in market
capitalisation terms:
18% – major
8% – mid-tier
74% – junior (including unlisted)
Largest holder – Anglo American
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – New Economy Minerals
New economy = critical minerals
Major focus of Queensland Government
Northwest & Northeast Minerals Provinces
$23 million – 5-year program (2019–2024)
Queensland work is aligned to national
level works through “Critical Minerals
Facilitation Office”
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – geoscience & research works
• New Discovery Program
• Aimed to fast-track discovery of major new base metal deposits in northwest minerals province
• New Economy Minerals Initiative
• To fast-track development of mineral resources used in renewable energy and advanced technologies:
• Strong focus on cobalt, especially in tailings and low-grade ores
• Strong focus on research – alternate means of mineral recovery – for example using biological or chemical methods
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
NW Queensland – Minerals
• Mt Isa region• 23 operating mines
Cu, Pb, Zn, Ag
• 10 mines on care and maintenance Opportunity for sale and re-start
• 1142 abandoned mines Opportunity for exploration, resource
expansion, re-processing mine waste, co-located critical minerals
• Deposit atlases completed for 28 major sites
https://geoscience.data.qld.gov.au/dataset/ds000036
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NW Queensland – Minerals
Copper
Zinc
Lead
Graphite
Cobalt
Silver
Vanadium
Gold
Uranium
Rare Earth Elements
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
NE Queensland – Minerals
Copper
Gold
Bauxite
Cobalt
Nickel
Tin
Tungsten
Indium
Scandium
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New Opportunities and Developments
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Critical Minerals in Mine Waste
• Collaboration with University of Queensland
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Sustainable Extraction of Rare Earth Elements
• Experiments in collaboration with University of Queensland
• Bioleaching
• Phytomining
• Low T/low acid metallurgy
• Test REE ore types• Mary Kathleen type
• Phosphorites
• Peralkaline Volcanics
• Project 2020–2024
Image credit: Antony van der Ent, University of Qld
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Queensland – contacts and more information
Trade and Investment QueenslandTokyo representative: Tak Adachi• 15F Shiroyama Trust Tower
4-3-1 Toranomon Minato-KuTOKYO 105-6015
• Tel: +81 3 6841 0595Email: [email protected]
Geological Survey of QueenslandChief Government Geologist: Tony [email protected]
State Development Qld – Investment Prospectushttps://www.statedevelopment.qld.gov.au/resources/plan/nwmp/nwmp-investment-prospectus.pdf
Geoscience and exploration informationhttps://geoscience.data.qld.gov.au/
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New South Wales
An emerging world–class minerals investment destination
Dr Chris Yeats, Executive Director, Geological Survey of NSW
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New South Wales is a world–class exploration destination
• World class coal, copper–gold, lead–zinc, antimony and mineral sand provinces.
• Significant producer of black coal, gold, copper, lead–zinc, silver and mineral sands.
• Discovery and development opportunities for REEs, niobium, zircon, scandium, nickel-cobalt, PGEs, fluorine, tin and tungsten.
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New South Wales coal
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Japan is the major market for NSW coal
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
NSW Government Strategic Statement on Coal
• Released in June 2020.
• Sets out the NSW’s Government’s approach and a four-point action plan built around:
• Improving certainty about where coal mining should not occur
• Supporting responsible coal production
• Reducing the impact of coal mining
• Supporting diversification of coal–reliant regional economies to assist with the phase-out of thermal coal mining.
https://www.resourcesandgeoscience.nsw.gov.au/miners-and-explorers/programs-and-initiatives/future-of-coal-statement
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
NSW Government Strategic Statement on Coal
• The statement was accompanied by a map that identifies:
• a limited number of areas the government may consider for proactive release for coal in the future (blue)
• certain areas where coal mining will be prohibited (red).
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30 October 2020
NSW opportunities for copper and gold
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Japan-Australia Mineral Resources Investment Webinar
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NSW: a world-class copper–gold exploration destination
• The location of Australia’s first gold rush in 1851
• Australia’s second largest Au and Cu producer
• The location of Australia’s largest gold mine
• Known endowment of over 100 Moz of Au and 20 Mt of Cu
• The Lachlan Orogen is an underexplored world-class Porphyry Cu–Au province, with huge potential for future discovery
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
New England Orogen
• Orogenic Au–Sb
• IR Au
Curnamona
• IOGC
Delamerian Orogen
• Orogenic Au
• VHMS
Lachlan Orogen
• Porphyry–epithermal Au–Cu
• Orogenic Au (2 events)
• Cobar Basin IR Au–Cu
• VHMS
Copper and gold in NSW69
Mineral exploration in NSW is at record levels
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Federation (Aurelia)Maiden indicated & inferred resource: 2.6 Mt @ 7.7% Pb, 13.5% Zn, 9 g/t Ag, 0.8 g/t AuRecent drilling: 21.6 m @ 18% Pb, 26.8% Zn, 31.9 g/t Au, 23 g/t Ag, 1.6% Cu Boda (Alkane)
1,167 m @ 0.55 g/t Au, 0.25% Cu
Roswell–San Antonio (Alkane)Maiden inferred resource:San Antonio: 7.92 Mt @ 1.78 g/t AuRoswell: 7.02 Mt @ 1.97 g/t AuRecent drilling: 69 m @ 9.12 g/t Au
Cullarin (Sky Metals)
93 m @ 4.24 g/t Au
Wagga Tank/Southern Nights (Peel)Indicated & inferred resource: 4.950 Mt @ 5% Zn, 2% Pb, 78 g/t Ag, 0.3% Cu, 0.4 g/t AuRecent drilling: 40.4 m @ 7.25% Zn, 3.34% Pb, 95 g/t Ag, 0.87 g/t Au, 0.89% Cu
Trundle Park (Kincora – RareX)51m @ 1.17 g/t Au, 0.54% Cu
Cowal underground (Evolution)Indicated & inferred resource: 264.6 Mt @ 1.06 g/t Au
Recent announcements
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Critical minerals in NSW
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Japan-Australia Mineral Resources Investment Webinar
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NSW critical mineral projects
• 45 current projects, including 10 advanced projects, covering 17 commodities
• High potential for:• REEs (+zirconium)
• Scandium
• Cobalt
• Antimony
• Tin-tungsten
• PGEs
• Heavy mineral sands (Ti–Zr–REE).
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Advanced critical mineral projects in NSW
Project Critical Minerals
Dubbo REE (+ Zr, Nb, Hf, Ta)
Narraburra REE (+ Zr, Nb, Hf, Th, Ga, Li)
Broken Hill Cobalt
(Thackaringa)Co
Nyngan Scandium Sc
Platina Scandium (Owendale) Sc
Sunrise Co, Sc
Hillgrove Sb
Atlas–Campaspe Minerals sands (Ti, Zr)
Balranald Minerals sands (Ti, Zr)
Copi Minerals sands (Ti, Zr)
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Information and support
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Japan-Australia Mineral Resources Investment Webinar
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Accessing information—MinView
Easy public access from a single interface to all validated non-confidential geoscientific and supportive reference data stored by the Geological Survey of NSW.
https://minview.geoscience.nsw.gov.au
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Mineral potential mapping—15 major mineral systems
New England Orogen
• Orogenic Au–Sb
• IR Sn–W
• IR Au
E Lachlan Orogen
• Porphyry-epithermal Cu–Au
• Orogenic Au (x 2)
• Volcanic-associated Cu–Pb–
Zn–Ag
• Polymetallic skarns
Curnamona Province
• Broken Hill type Pb–Zn–Ag
• Iron oxide Cu–Au
Delamerian Orogen
• Orogenic Au
• Volcanic-associated
Cu–Pb–Zn–Ag
W Lachlan Orogen
• Cobar-style Cu–Au
• Cobar-style Pb–Zn–Ag
• IR Sn–W
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Japan-Australia Mineral Resources Investment Webinar
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NSW mineral potential mapping on MinView
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Japan-Australia Mineral Resources Investment Webinar
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Cooperative Drilling grants program round 3
• $2.2 million awarded in April 2020 to 22 projects:
• Mostly in the Lachlan Orogen
• Strong focus on copper–gold
• Drilling must be completed by 30 June 2021
• Future rounds planned
https://www.resourcesandgeoscience.nsw.gov.au/
miners-and-explorers/programs-and-
initiatives/new-frontiers-cooperative-drilling
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Supportive government with a strong focus on ESG
https://www.resourcesandgeoscience.nsw.gov.au/
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Discover New South Wales
• Supportive government
• Strong ESG credentials
• World-class, freely available precompetitive geoscience data
• Skilled workforce, with a strong history of mining
• High-quality infrastructure
• Booming exploration, exciting discoveries and huge potential for development of new base, precious and critical metal deposits
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Dr Chris Yeats
Executive Director, Geological Survey of NSW
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#AustraliaMinerals
Manager Minerals Geoscience
Geological Survey of Victoria
earthresources.vic.gov.au
Victoria
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Victoria
• Capital: Melbourne (World’s second most
liveable city)
• Area (land): 227,436km2 (6th)
• Population: 6.59 million (2nd)>75% in Melbourne, 4 in top 20 city/urban centres
• Second best performing Australian economyFirst in 2 of 8 indicators, including construction
• Highly skilled: One third of Australian
graduates
• Melbourne Airport: Busiest passenger and
container airport, 33 direct international
destinations
• Port of Melbourne: Largest container and
automotive port in Australia
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Current relationships
• Victorian Government – JOGMEC MoU October 2018 – October 2021
• JOGMEC Victoria investment report
• Hydrogen Energy Supply Chain pilot projectKawasaki Heavy Industries consortium
• Victorian Government Trade and Investment (Global Victoria) Tokyo Office
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Mineral Resources Strategy
1. Confident communities and responsible explorers
2. Advancing geoscience and encouraging mineral exploration and development
3. Victoria as a global mining hub
4. Improve regulation practice and industry compliance
5. Deliver modern, fit-for-purpose laws
TARGET Minerals Exploration Grants
Mining, Engineering, Technology Services accelerator
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Geoscience
Pre-competitive data and knowledge
• free maps, reports, data
• GeoVic: online GIS application
Geology
• Seamless: 1:250k and 1:50k
• 3D geology model full crust
Geophysics
• Modern state-wide
• Magnetics: 200-400m line spacing
• Ground gravity: 1.5 km nominal spacing
• Deep 2D seismic reflection transect
Drill Core Library
• 1.5 million metres drill core/cuttings
• >18,000 drill holes
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Deep seismic reflection
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Commodities—a systems approach
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Victoria’s 3D Geology Model
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Increasing mineral explorationYear Drill metres
2012/2013 177,077
2013/2014 133,596
2014/2015 87,321
2015/2016 147,164
2016/2017 191,658
2017/2018 191,229
2018/2019 348,192Source: GSV
Source: ABS
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Increasing mineral exploration
Source: ABS
Sharp quarterly increases
Outperforming national growth
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Victoria’s gold
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Fosterville - approaching ~10MozProduction 2019
619,366oz @ 39.6g/t Au
Recovery: 98.8%
Operating Cash Cost/oz: $119/oz
AISC: TBA
Current reserves (February 2020)
2.1Moz @ 21.8g/t Au
Guidance
2020: 590,000-610,000k ($130-150/oz)
2021: 550,000-600,000k
2022: 500,000-600,000k
Exploration 2020
$70M
Robbins HillSource: KLG, Fosterville Gold Mine Update, AIG (Victoria) Minerals Roundup 2019
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Fosterville - Swan Zone
Source: KLG, Fosterville
Gold Mine Update, AIG
(Victoria) Minerals
Roundup 2019
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World–class gold
Gold Undercover
Multi-disciplinary modern applied geoscience
24 reports, new (free) data, two seminal papers
Potentially 75 Moz yet to find
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Victoria’s copper
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The Cayley Lode
Cu-Au-Ag (chalcopyrite, bornite, chalcocite)
Cambrian (Arc) volcanics
Thursday’s Gossan Prospect
Porphyry affinity – Magma/Butte analogy(?)
8m @ 9.69% Cu, 0.40g/t Au, 16.8g/t Ag from 177m
Incl 2m @17.3% Cu, 0.57g/t Au, 13.1g/t Ag
8m @ 5.12% Cu, 1.48g/t Au, 34.3g/t Ag from 121m
Incl 1m @ 26.8% Cu, 8.48g/t Au, 201g/t Ag*
GSV-GA Stavely Project
Pre-competitive data, 22 reports
3D geology (structural) model
Presentations
Short film
32m @ 5.88% Cu, 1.0g/t Au, 58g/t Ag from 62m, Incl 12m @ 14.3% Cu, 2.26g/t Au, 145g/t
Ag, incl 2m @ 40% Cu, 3.0g/t Au, 517g/t Ag
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Hill 800
Copper–Gold ± Silver
Cambrian (Arc) volcanics
Gold at surface
Multiple porphyry targets
Western Tasmania affinity
101m @ 1.44g/t Au from 21m
incl 12m @ 4.32g/t Au from 83m
17m @ 6.62g/t Au, 0.3% Cu from 157m
incl 2m @ 37.5g/t Au, 0.3% Cu from 172m
1m @ 20.2g/t Au, 0.2% Cu from 166m
11m @ 9.87g/t Au, 0.3% Cu and 14.6g/t Ag from 179m
incl 4m @ 26.7g/t Au, 0.7% Cu and 38.7g/t Ag
H8DD002, 187m, 6.7g/t Au, 1.1% Cu
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Victoria’s critical minerals
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Antimony
Costerfield
Australia’s largest producer (World top 5)
2019: 2,032 antimony tonnes & 15,258 gold
ounces
Recent exploration drilling intersections:
1.18m @ 159.2g/t Au, 38.3% Sb
0.37m @ 303g/t Au, 52.1% Sb
Multiple early stage exploration projects
underway by other explorers
Melbourne Zone
Bendigo Zone
Costerfield (Youle): 2.12m @ 85.3g/t Au, 6.5% Sb
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Rare Earth Elements
Murray Basin – Heavy Mineral SandsWest/Northwest Victoria
World–class province
• Strandline deposits
• Wimmera (WIM) deposits
• Multiple deposits, billions of tonnes each
• zircon, ilmenite, rutile, leucoxene, monazite,
xenotime
Gippsland Basin – Heavy Mineral SandsSoutheast Victoria
Emergence province
• zircon, ilmenite, rutile, monazite
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Lithium, tin, tantalum
Northeast Victoria
Lithium-Cesium-Tantalum
Pegmatite dykes
Petalite, Spodumene
Early stage exploration
Tin
Historical production
Tungsten
Historical production Dorchap North:
Pegmatite dyke with
large (14 x7 cm)
petalite crystals GSV Search Catalogue
Mitta Mitta geological map
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
>7,000 delegates from >100 countries
>350 mining and resource experts
>35 international mining ministers
>100 hours networking opportunities
FREE Exhibition
>200 leading service companies
Exploration, Investment and Finance; Future Energy; International and Local opportunities; People,
Projects and Infrastructure; Technology, Innovation and Operational Excellence; Country Focus sessions
imarcmelbourne.com
November 23-30 2020
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Thank you
Manager Minerals Geoscience
Geological Survey of Victoria
+61 3 9452 8972
earthresources.vic.gov.au
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30 October 2020
Minerals Investment opportunities in Tasmania
Dr. Andrew McNeill
Mineral Resources Tasmania
30 October 2020
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Why Tasmania?
Mineral endowmentCurrent production of, and projects for, a diverse
commodities:
• Cu, Zn, Pb
• Au, Ag
• Sn, W
• Ni, Co
• Fe (magnetite, hematite), Mg
• Al (bauxite)
• Si (silica flour)
• Heavy mineral sands
• Coal, oil, geothermal
• Limestone, dolomite
• Dimension stone
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Why Tasmania?
Infrastructure
• Electricity generation – >90% renewable; plan for 100% renewable by 2022.
• Port – capacity upgrades funded by Govt.
• Rail and Road – <150km to port from main mining districts.
• Skilled local workforce (<1% FIFO)
• Established METS and Research sectors
• Minerals industry is Tasmania’s largest exporter
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Why Tasmania?
Facilitation and support - Approvals
Exploration• Single point - all processes, including environmental approvals, managed by
Mineral Resources Tasmania (www.mrt.tas.gov.au)
Mining• Mining title – process managed by MRT• Mining permit – issued by local government with input from State and (possibly)
Commonwealth environmental agencies(www.epa.tas.gov.au)
Investment• Single point for advice and information at Office of the Coordinator General
(www.cg.tas.gov.au)
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Japan-Australia Mineral Resources Investment Webinar
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Why Tasmania?
Government Support
Legislation & policy – streamlining and reducing sovereign Risk
• Mineral Resources Development Regulations – updated 2016
• Mineral Resources Development Act – updated 2017
• Land Use Planning and Approvals Amendment (Major Projects) Bill 2020
• Strategic Minerals - Planning scheme overlay
• Mining (Strategic Prospectivtiy Zones) Act 1993– protection from adverse change
of Crown land status
Initiatives
• $1.0M Mining Sector Innovation Initiative (2017-2021)
• $2.0M co-funded greenfield exploration drilling – EDGI (2018-2022)
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Why Tasmania?
Pre-competitive data
• Detailed geological mapping – 55% of state at
1:25,000 (all at 1:250,000).
• Geophysically corroborated 3D modelling of
prospective regions using state wide petrophysical
datasets.
• Mandated release of historic exploration data
• Data delivery is free; regular data dumps and on-line
• On-line Portals:
• MRTs TIGER system (www.mrt.tas.gov.au)
• TheLIST viewer for Tasmanian Government spatial datasets
(www.thelist.tas.gov.au)
• AusGIN: Australia-wide data viewer (www.goesicence.gov.au)
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Investment Opportunities
Strategic and Critical Minerals:
• Tin and Tungsten: 80% and 20% of EDR, respectively
• Defined resources:
• 530,000 t contained Sn (33% at Renison)
• 183,000 t contained WO3 (52% on King Island)
• Opportunities:
• Exploration
• Advanced Projects
• Tailings dams
• Increased production (e.g. Kara)
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Investment Opportunities
Base and precious metals:
• Polymetallic VHMS (Cu, Pb, Zn, Ag, Au)
• VHMS Copper (Cu, Au)
• Carbonate-hosted (Pb, Zn, Ag)
• Hydrothermal Ni, Co
• Opportunities in:
• Exploration
• Acquistion (Mt Lyell, 50 mt @ 1% Cu and 0.3 g/t Au)
• Existing small projects
• Remnant mining
• Tailings & slag re-treatment
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30 October 2020
Summary• Diverse mineralisation with long-life (>100 years) mining operations
• >90% of electricity generated by renewables (target is 100%)
• Products of mining and mineral processing constitute >55 per cent of mercantile
exports
• Highly supportive Government with legislation to reduce Sovereign risk
• High quality, freely available geoscience data sets to de-risk exploration
• Battery and new technology minerals including tin, tungsten and silica flour
• Low interest rates, a favourable $AU/$US exchange rate, and low inflation make
an attractive investment environment
• There are many ways in which Japanese groups can become involved; as
examples through direct and indirect equity interests and off-take agreements
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30 October 2020
Thank youFor more information:
www.mrt.tas.gov.au
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Rohan Cobcroft, DirectorGeological Survey of South Australia
Tokyo, 30 October 2020
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South Australia: Building on our energy and mining strengths
Japan-Australia Mineral Resources Investment Webinar
30 October 2020120
South Australia: Building on our strengths in renewables
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
WORLD’S BIGGEST BATTERY
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South Australia: Miners building on our renewables
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South Australia: Building on our exports
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• South Australia’s major mineral exports:
• Copper, Iron Ore, Lead, Zircon & Uranium
• Producers continued exporting at expected rates throughout the COVID19 containment
• Export growth from:
• New mines and mine re-start; Carrapateena, Peculiar Knob
• Mine expansion; Olympic Dam, Prominent Hill and Carrapateena
• Mineral processing transformation; Port Pirie multi-metal recovery facility, globally significant lead exporter
• Hydrogen export potential
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South Australia: Building on our exploration
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Copper, Gold, Iron Ore, Silver, Uranium – exploration continues to expand resources and discoveries
• More critical minerals to explore for
• Nickel – NEW discovery!
• Cobalt
• Graphite
• Manganese
• Magnesite
• REE
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South Australia: Building on our strengths
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Diverse co-funding program—aims to accelerate greenfield
mineral discovery
• Three-year $10m program—round 1 allocated across 14
projects
• Round 2—schedule to be announced in November, $4.5m
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30 October 2020
South Australia: Building on our strengths
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South Australia: Building on our strengths
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Globally, it’s becoming harder to find new
mineral deposits, and the next generation of
discoveries will need to go beyond traditional
geology.
ExploreSA: Gawler Challenge PART 1
• $250,000 prize pool—winners announced
in September 2020
Gawler Challenge PART2
• $5 million to develop winning concepts into
prospects to assist exploration companies
make new discoveries.
• Deliver Next Generation Mineral Systems
maps for explorers.
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
South Australia: Building on our strengths in R&D
World’s largest mineral exploration collaboration joining industry, government and research organisations
• More productive, safe and environmentally-friendly drilling methods
• New technologies for data capture during drilling
• National Drilling Initiative led by Australia’s Geological Surveys in under-explored areas
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South Australia: Building on our commodities
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Major Mines and Projects
• Sustainable, reliable production from South Australia’s mines
• Production continued throughout COVID19 at expected rates
• 10 year high in commodity sales to export partners
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South Australia: Building on our Copper66% of Australia’s
COPPER
Courtesy: BHP
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• 66% of Australia’s copper
• World’s 4th largest copper deposit—Olympic Dam
• Major copper producers are multi-commodity IOCG
• Gold credits add considerable value
• Potential for copper discoveries in new mineral systems
• Annual Copper to the World Conference to drive innovation in the sector
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Courtesy: WPG
South Australia: Building on our Gold 25% of Australia’s
GOLD
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• World’s largest gold deposit - Olympic Dam
• Major gold producers are multi-commodity IOCG
• Gold only opportunities
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South Australia: Building on our Uranium79% of Australia’s
25% of the World’s URANIUM
Courtesy: Heathgate Resources
• 80% of Australia’s
uranium exports
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Courtesy: GFG Alliance
South Australia: Building on our Iron Ore5% of Australia’s
IRON ORE
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Plans for Green Steel at Whyalla steelworks from South Australia’s abundant magnetite resources and growing renewable energy sources
• Export growth potential significant
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
South Australia: Building on our Critical Minerals
Massive sulphide intersected in 20WGDD0005 (340.4-340.5) grading 1.38% Ni
Courtesy: Western Areas
65% of Australia’s GRAPHITE• World’s largest zircon mine—Jacinth-Ambrosia
• 65% of Australia’s graphite resources
• Cobalt deposits
• Nickel discovery
• Prospective for Manganese, Magnesite and REEs
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
South Australia: Building on our strengths in R&D
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
South Australia: Building on our strengths in
Mining Regulation
• Risk based approaches to regulation in SA aim to deliver the certainty needed to
secure investment in high quality resources projects by capable companies.
• Current mining regulatory review is focused on delivering efficiency, effectiveness,
transparency and early engagement – to the benefit of all stakeholders.
• Many synergies between SA’s reforms and leading practices
• Tenure to support investment and jobs
• Scoping framework
• Social impact assessment and early engagement
• Modern compliance and enforcement powers
• Digital technology and data management systems
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
South Australia: Building on our strengths in
Trade and Investment
• Significant investment opportunities in the exploration/geology sector
• Significant investment opportunities in establishment of secondary processing facilities for value-adding to the extractive industry
• https://invest.sa.gov.au/sectors/energy-and-mining
• Mining, Equipment, Technology & Services (METS) companies – part of the supply chain of mining/resources industry sector contributes to the export success of the state
• Government of SA works collaboratively with METS companies to support their access to overseas markets/international opportunities
• Government of SA forged a public-private foundation partnership with the CORE Innovation Hub (https://www.corehub.com.au/) – a cluster to encourage growth of the ecosystem across Oil & Gas, Mining and METS, Defence, Space, and Energy industries
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
https://dti.sa.gov.au/investment/opportunities-for-industry/energy-mining
South Australia: Building on our Strengths
https://www.energymining.sa.gov.au/
growing_our_energy_and_mining_industry
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Geological Survey of Western Australia
Department of Mines, Industry Regulation and Safety
Western Australia
Critical Minerals
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What does Western Australia offer?
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Japanese Ministry of Economy, Trade and Industry strategic minerals list:
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Japan’s Strategic Minerals
Li, Co, Ni, Cu, REE, PGM, W, Mg, Be, Re, Ti, Cr, Mo, Mn, Nb, P, Zn, Sn, Pb, Sb, Ta, In, Ga, C, Ge, Zr, Sr, V, F, Au and Ag.
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Nickel
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Western Australia is the sole supplier of
nickel in Australia
• Worlds 2nd largest nickel reserves
• Large, high-grade nickel resources
suitable for nickel sulphate production,
suitable for use in batteries.
• Current resources: 34.0 Mt contained Ni
• Current Reserves: 17.9Mt contained Ni
• Production in 2019: 154kt
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Western Australia 2nd largest cobalt
Resources after DRC
• Resources: 2.74 Bt @ 0.05% Co (46
deposits)
• Production ranked 3rd globally in 2019
• Produced at present only as by-product
from nickel mines
• A focus on defining standalone cobalt
resources
• Ethically sourced cobalt
Cobalt
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Worlds 3rd largest producer of Rare
Earth Elements
• Two operating mines: Mt Weld and
Browns Range
• Three projects in advanced exploration,
development or construction:
• Yangibana 21Mt @ 1.12% TREO
• Brockman 41Mt @ 0.21%TREO
• Cummins Range 13Mt @1.13% TREO
Lynas Mt Weld Mine. Source: Bloomberg
Rare Earth Elements
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Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Titanium, Zirconium (and Hafnium)
• One of the worlds leading suppliers of
rutile, ilmenite and zircon
• All production in WA is from heavy
mineral sands
• Significant potential for Ti-Zr in hard
rock deposits
• Hastings-Brockman also has a
hafnium resource: 36.2 Mt @ 0.032%
HfO2 for 11.6 kt HfO2
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Lithium
• Western Australia is world’s largest Lithium
producer (56% global production)
• World’s largest deposit at Greenbushes in
the States south
• 5 operating Lithium Mines: Greenbushes,
Mt Marion, Pilgangoora (Pilbara Minerals),
Mt Cattlin, Pilgangoora (Altura Mining)
• Several exploration stage projects with
resources: Buldania (14.9 Mt @0.97%),
Pioneer Dome (8.2Mt @1.23%) and Lynas
Find ([email protected]%)
• All deposits are ‘hard rock’
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Western Australia’s downstream potential
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Company Product Status
Tianqi Lithium Australia Lithium Commissioning
Abermarle Corporation Lithium Construction
Covalent Lithium Lithium Feasibility
Northern Minerals Rare Earth Carbonates Pilot
Lynas Corporation * REE Feasibility
FYI Resources* High Purita Alumina Feasibility
King River Resources HPA, V, Ti, Fe Feasibility
NeoMetals Ltd V, Ti, and Fe Feasibility
Australian Vanadiuim* V, Ti, and Fe Feasibility
Technology Metals Australia V, Ti, and Fe Feasibility
Ecograf* Spherical Graphite Feasibility
Lepidico Ltd Li-Carbonate Pilot
Lithium Australia Li-Hydroxide Proposal
NeoMetals Ltd Li-Titanite Feasibility
Ardea Resources Co, Ni Feasibility
BHP Nickel West Ni Construction
* Government Lead Agency Support or Major Project Status
Credit: Greenbushes Lithium Operation149
Western Australia’s comparative advantage
• Low cost, low sovereign risk
• State government project
facilitation services
• Investment ready industrial
areas
• Large export infrastructure
• Highly educated and skilled
workforce
• World-class pre-competitive
geoscientific data available
for free
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Western Australia’s comparative advantage
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Western Australia’s world-class standards
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30 October 2020
• Industry-leading environmental and
social standards
• Stable and transparent regulatory
framework
• Extensive government experience in
project facilitation and regulation
• Industry led and government backed
innovation
Image: Ravensthorpe Plant at night
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Key contacts
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
Jeff Haworth
Executive Director
Geological Survey and Resource Strategy
T: +61 8 9222 3291
Email: [email protected]
Michele Spencer
Director Mineral and Petroleum Resources
Geological Survey and Resource Strategy
T: +61 8 9222 3831
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Northern Territory
Ian Scrimgeour
Executive Director, NT Geological Survey
Darwin
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6.3 Mt
12.4 Mt
16.0 t
610 kt conc.
NT mineral production value 2019/20
Australia’s Northern Territory
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Northern Territory – Japan co-operation
LNG
• US$37 billion Ichthys LNG Project in Darwin
(INPEX): Japan’s largest ever direct foreign
investment
• Darwin LNG also supplies LNG to Japan
• 12 Mt per year of LNG produced from
Darwin (>10% of Japan’s current LNG
imports)
Critical minerals
• NT seeks to co-operate with Japan on
establishing secure supply chains for rare
earths and other critical minerals
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Exploration in the Northern Territory
• Main commodities being sought by explorers
in the NT are copper, zinc, gold and lithium
• Large areas very underexplored
• Other main commodities with large
undeveloped resources in the NT include
vanadium, rare earths, tungsten, iron ore,
phosphate, uranium
• Shale gas exploration is currently underway,
appraising the large resources of the Beetaloo
Sub-basin
On-ground mineral exploration expenditure by
commodity reported in 2019
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Impacts of COVID-19
X Northern Territory exploration was hard hit by COVID-19
travel restrictions
X Closure of state borders has been an impediment to
exploration
X Access to Aboriginal land still subject to tighter restrictions
X NTGS field programs largely cancelled for year
Mines in the NT continued operating with minimal disruption
NT has seen zero community transmission cases
NT economy has been rebounded faster than national
economy
Exploration has recovered in second half of 2020
Large amounts of data released by NTGS
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4 year (2018-2022), $26 million NT Government
initiative to grow the exploration sector
Geoscience data to de-risk and attract exploration
investment, and promote the Territory’s potential
Grants to co-fund industry drilling and geophysical
surveys in greenfields areas
Upgrading the Territory’s coverage of geophysical data
Multi-disciplinary collaborative geoscience programs to
open up new areas for exploration
Making exploration and geoscience data more
accessible
resourcingtheterritory.nt.gov.au
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• Substantial new geoscience by Geoscience Australia
and NT Geological Survey has highlighted undercover
copper-gold potential
• Land release in October 2019—large uptake of
ground (>30,000 km2) in previously unexplored areas
• Numerous companies including Newcrest
commencing exploration for IOCG deposits under
100-300m of cover
• BHP: $22 million agreement with Encounter
Resources to explore for sediment-hosted copper
• MinEx CRC drilling currently in progress—10-12 holes
to be drilled, information to be released in early 2021
East Tennant - emerging copper-gold province
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Other exploration highlights
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Scoping study completed and further drilling planned at Angularli uranium discovery (Vimy Resources)
• Drilling and feasibility studies underway at Rover 1 Cu-Au-Co deposit (Castile Resources)
• High-grade zinc-copper discovery (Hendrix) (Todd River Resources)
• New Au and Cu-Au-Ag prospects discovered in Lake Mackay region (IGO Ltd -Prodigy Gold)
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Core Lithium –
Finniss lithium project
Capex: A$80M
14.7 Mt @ 1.3% Li2O
• Multiple resources in spodumene
pegmatites
• Located adjacent to Darwin port
• All approvals in place for project
commencement at Grants deposit
• Simple dense media separation to
produce 6% Li2O concentrate
• Resource can support 10+ year mine
life in project area
• Targeting production in 2022
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Arafura Resources –
Nolans rare earths project56 Mt @ 2.6% REO, 11% P2O5 (NdPr/TREO = 26.4%)
Capex: ~A$1 billion
• World-class resource of magnet-feed rare earths
(NdPr)
• On-site downstream processing to produce rare earth
products (including NdPr oxide) and phosphoric acid
• Environmental approvals in place, mining lease
granted
• Final mining approvals pending
• >33 year mine life
• Earliest possible construction – H2 2021
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KGL Resources – Jervois
copper-silver project
21.0 Mt @ 2.03% Cu, 31.9 g/t Ag
Capex: A$190 M
• Environmental approvals in place
• Mining approvals under assessment
• > 12 year mine life with scope to
substantially grow resources
• Final investment decision planned for
H1 2021
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Other mining developments
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
• Ranger uranium mine scheduled to close in 2021
• Iron ore production recommencing from Roper iron field (Nathan River Resources) and Frances Creek deposit
• Numerous gold projects seeking to commence production
• A$1 billion expansion of Newmont’s Tanami gold operations underway
• Mount Peake vanadium-titanium-iron project (TNG Ltd): mine has most approvals in place, processing plant is finalising environmental approvals
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Resourcing the Territory website
www.resourcingtheterritory.nt.gov.au
Geoscience data and products
gemis.nt.gov.au
or email: [email protected]
Geoscience and titles web mapping
strike.nt.gov.au
Contact me directly
Ian Scrimgeour
+61 8999 5377
Japan-Australia Mineral Resources Investment Webinar
30 October 2020
For more information:
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