Earth resource investment opportunities in Victoria, Australia

Transcription

1 Your Logo here Earth resource investment opportunities in Victoria, Australia ADELE SEYMON GeoScience Victoria Department of Primary Industries

2 Victorian earth resources diverse and rich Gold world-class province Base metals emerging province Brown coal principal province Mineral sands world-class Oil & gas world-class Geological Carbon Storage - potential Coal seam methane potential Geothermal emerging province

3 Victoria commodity overview Mineral sands Gold Copper Lead Zinc Molybdenum Copper Geothermal Gas Brown Coal Oil Gas C storage

4 Operating and development projects Potential investment opportunities Major mines Stawell (Au), Fosterville (Au), Bendigo (Au), Douglas Mineral Sands, Costerfield (Au); Coal: Loy Yang, Yallourn, Hazelwood, Anglesea Key projects 20 mining and petroleum projects commenced over last 10 years worth AUD$7 billion Petroleum - 11 projects worth AUD$6 billion Minerals - 9 projects worth nearly AUD$1 billion (Mineral sands: AUD$650 million; Gold: AUD$293 million) In addition there has been significant pipeline (AUD$1.5 billion) and gas-fired power station (AUD$1.9 billion) activity

5 Advanced exploration projects Potential investment opportunities Mineral Prospects Gold A1 Gold Mine, Ballarat, Burkes Flat, Castlemaine, Morning Star, Hill 800, Glen Wills Base metals Ararat (Cu), Mount Unicorn (Mo-Au), Stavely Project (Cu), Stockman Project (Cu-Pb-Zn) Mineral sands Douglas Mineral Sands, Glenaladale zircon deposit, WIM150 Mineral Sands Project

6 Key reasons to invest in Victoria Grass roots exploration Gold under cover 73 million ounces yet-to-find Nickel Copper Macquarie arc porphyry belt extension?

7 Key reasons to invest in Victoria Mining intensive state but with large areas which are currently poorly explored e.g. a potential 73 million ounces gold not currently subject to development More world-class 2D & 3D geoscience data sets per sqm than other Australian states $5M Rediscover Victoria initiative for targeted drilling and state-wide 3D model Improved land access (45% of Victoria is available for exploration)

8 Key reasons to invest in Victoria Rates alongside well-known mining districts e.g. Western Australia, South Australia, British Columbia Largest producer of accumulated coal - Latrobe Valley Easy access to new technologies and innovation Exploration areas yet to be discovered offering major resource opportunities A pro-investment environment i.e. 20 mining and petroleum projects over last 10 years worth $7 billion Government minimising risk for investors and explorers

9 Low Sovereign Risk New MRSDA the benefits Stage 1 benefits Most modern earth resources act in the world Aligns government licensing processes with industry development processes Increases tenure security for those actively exploring/developing Tenements not being explored/developed will become available for new applicants More efficient works approval process Bipartisan support Stage 2 improve interactions with other Government agencies

10 Mineral Sands opportunities World class province Murray Basin Established industry with infrastructure Large under-developed resource - able to supply 15% of world demands over next 40 years High-value, fine grained deposits are a huge underdeveloped prize Technologies to process fine-grained deposits will soon be publicly available Under explored provinces Gippsland & Otway basins

11 Mineral Sands opportunities World class province Established industry Large, under-developed resource Under-explored provinces Gippsland and Otway Basins Gippsland Basin Otway Basin

12 Mineral Sands opportunities Supportive Government Encouraging development, industry competition and resource trading Promoting resource husbandry and downstream processing to maximise long-term value Upgraded rail and port infrastructure Low cost and reliable electricity supply Improved security of water resources New Traditional Owner Settlement Bill

13 Victoria s Brown Coal Large coal deposit Latrobe Valley 33 billion tonnes economic Melbourne

14 Brown coal basics % weight WATER CARBON 67% OXYGEN 25% Energy value (net wet) 5.8 to 11.5 MJ/kg Energy value (gross dry) 25 to 29 MJ/kg Overburden thickness 10 to 20 metres Strip ratio (coal:o/burden) 0.5:1 to 5:1 Water 48 70% Carbon 65 70% Oxygen 25 30% Hydrogen 4 5.5% Ash <4% Nitrogen <1% Sulphur <1%

15 Brown coal - opportunities Up to 10 billion tonnes unallocated

16 Brown coal - opportunities A wide range of products

17 Rediscover Victoria 3D Accelerated development of a fully attributed 1: scale 3D model linking the onshore and offshore geology Regional 3D geological models 1:1M and 1:250K scale models Full crust Moho to the surface

18 Rediscover Victoria 3D Outputs and progress Bendigo structural zone model Faults Biostratigraphy Intrusives Mineral occurrences Other models available Melbourne zone Western Victoria Basin models Various numerical models and simulations

19 Area selection overlays Top Cambrian Volcanics Top St Arnaud Group Top Lancefieldian

20 Depth to basement Depth to basement from borehole and AutoMag estimate (depth below ground)

21 Source rock distribution analysis Allows explorers to refine their search area based on distribution of potential source rocks and fluid pathways

22 Crustal architecture Link to mineralisation 132 t Au 4 > 1t 1950 t Au 143> 1t

23 3D Data delivery 3D Model Management System Storage Data management Data delivery Co-ordinate, datum and format conversion Visualisation capability

24 Victoria state wide datasets Geology Magnetics Radiometrics (K, Th, U, TC) Gravity Electromagnetics Digital terrain Databases tenements, drill holes, geochemistry, geological sites, mines and mineral occurrences

25 Free data easy internet access World-class 2D & 3D geoscience data 24/7 free access via Online store Web mapping