Queensland s Exploration and Resource Investment Opportunities

Transcription

1 Queensland s Exploration and Resource Investment Opportunities Brad John Chief Government Geologist Geological Survey of Queensland Japan-Australia Mineral Exploration Investment Seminar, Tokyo 15 October 2014

2 Queensland Mining 8.8% of Gross State Product (2012/13) $25.6 billion 60% of State exports (2012/13) $26.6 billion Total at-mine value (2012/13) $29.84 billion 68.3% of Queensland s private capital investment $25.9 billion (2012/13) Haul Road and pit, Century Mine, NW Queensland. Photo courtesy of MMG Source: Australian Bureau of Statistics

3 Current Queensland Exploration and Development Activity Coal Minerals (81 companies) (212 companies) No. of Projects Grass Roots Exploration Advanced Exploration Feasibility Study * Source: Interria September 2014

4 Queensland Minerals Over A$6.6 billion production in Over 100 significant operating mines 32 different minerals 71% of value of State s minerals produced from the North West Queensland Mineral Province

5 Lead-Zinc provinces of the world The North West Queensland Mineral Province is the richest leadzinc province and one of the largest in the world

6 North West Queensland Mineral Province Mineral Occurrences Total Magnetic Intensity image

7 Minotaur Exploration Limited Artemis Project Joint venture with GFR Systematic drill testing of geophysical targets 22 metres at 3.02% copper, 3.81 g/t gold, g/t silver, 6.64% zinc, 1.35% lead and 0.11% Co from 157 metres Chalcopyrite-rich zone (yellow) at m in Artemis hole EL14D10.

8 Japan Oil, Gas and Metals National Corporation JVs with JOGMEC Cloncurry JV with Minatour Exploration Ltd - Co and Cu targets - survey project involving 18 tenements north of Ernest Henry Mine Mount Isa East Project Area JV with GBM Resources Ltd development of exploration and mining projects IOCG targets Bowen Basin Kilmain Project Area JV with Allegiance Coal Limited potential for thermal coal Surat Basin Clifford Project Area JEA with Stanmore Coal Limited - high quality thermal coal exploration

9 Red Metal Limited Maronan Project 14.5% lead, 371 grams per tonne (g/t) silver over 2.5 m 11% lead, 245 g/t silver over 2.5 m Combined true thickness of the separate high-grade silverlead intervals in both banded iron formation (BIF) horizons total over 8 m Copper and gold also intersected Project supported by the Queensland Government under the Collaborative Drilling Initiative

10 Chinalco Yunnan Copper Resources Ltd Jubilee Project 11 metres at 1.76% copper and 0.44 g/t gold from 78 metres 7 metres at 1.25% copper and 0.81g/t gold from 65 metres 7 metres at 1.3% copper from 120 metres 9 metres at 2.8% copper from 73 metres 10 metres at 3.37% copper from 107 metres

11 Orion Gold NL Aurora Flats Project Extensive epithermal quartz vein intersections including 1 metre at 1.14g/t gold and 77g/t silver from 80 metres Adularia casts and common Manganese nodules and encrustations in epithermal textured vein Crustiform-Colloform Quartz with blue chalcedony Banded veins

12 Mineral Development Operating mines Advanced projects

13 Uranium in Queensland Uranium mining to recommence in Queensland MDL 507, 508 MDL 509, 510, 511, Mineral Development licences to date 166 million tonnes of ore with U 3 O 8 content of 107,000 tonnes

14 Strategic Metals and Rare Earth Elements in Queensland Rhenium Lithium Tantalum Zirconium Scandium Yttrium

15 Rare Earth Elements and Uranium in Queensland

16 Central Queensland Coal

17 Coal mines commencing operation in 2014 Grosvenor Eagle Downs Underground longwall coal mine jointly owned by Anglo American and Mitsui Coal Holdings Pty Ltd Surface infrastructure, longwall panels and underground infrastructure Includes 1,100 tonnes per hour coal handling and preparation plant to produce hard coking coal Grosvenor Underground longwall coal mine owned by Anglo American Prefeasibility study for a second longwall is underway The earth pressure balance machine is the first tunnel boring machine used in underground mining in Queensland.

18 Coal Development Operating mines Mines under construction Advanced projects

19 Geological Survey of Queensland Information and promotional products Presentations at conferences Host overseas delegations Information and advice Business matching

20 Major Japanese companies in Queensland Japan Oil, Gas and Metals National Corporation (JOGMEC) Mitsubishi Corporation Nippon Steel Mitsui & Co Limited Idemitsu Kosan Co. Ltd Sumitomo Corporation Itochu Corporation Marubeni Corporation Sojitz Corporation J-POWER Electric Power Development Co. Ltd JFE Group Chubu Electric Power Co. Inc.

21 Reasons to invest in Queensland s mineral and coal industries Queensland Government welcomes foreign investment World-class mineral and coal resources and production New discoveries and further exploration potential Attractive investment opportunities Emerging new mineral industries Supportive government Great place to work Come for the business stay for the lifestyle

22 Brad John Chief Government Geologist Geological Survey of Queensland Phone: brad.john@dnrm.qld.gov.au