South Australia Mineral Resources Investment...
Transcript of South Australia Mineral Resources Investment...
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South Australia Mineral Resources Investment Opportunities
Dr Steve Hill Director, Geological Survey of South Australia [email protected]
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This presentation Four main components: 1. South Australia 2. South Australian Commodities 3. Deep cover impediments become opportunities 4. Further Information
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South Australia …
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South Australia: central hub for national resources sector
• Mining Services • Research and
Development • Education, Skills and
Training • Advanced Manufacturing • Resource rich • Transport, Power, Water
infrastructure • Access to Asia markets • Clean, high quality
produce (e.g. food and wine)
Adelaide is Australia’s most livable city!
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Geological setting
3 Ancient crustal regions:
KILOMETRES
0 500
PHANEROZOIC Undifferentiated
PROTEROZOIC Sedimentary basin Block, inlier, fold belt or orogen —
metamorphic and igneous complex ARCHAEAN Sedimentary basin Block or inlier
93-0594 MESA
ROCKY CAPE BLOCK
MOUNT ISA INLIER
GEORGETOWN INLIER
ARNHEM
YAMBO
PINE CREEK INLIER
INLIER
INLIER
PROVINCE LITCHFIELD
KING LEOPOLD OROGEN
INLIER COEN
MUSGRAVE BLOCK
BLOCK ARUNTA
PEAKE AND
INLIERS
STUART SHELF
GAWLER CRATON
WILLYAMA
CURNAMONA CRATON
COOMPANA BLOCK
NORTHAMPTON COMPLEX
GASCOYNE COMPLEX
YILGARN CRATON
GRANITES– TANAMI BLOCK
TENNANT CREEK INLIER
TYENNAN BLOCK
BIRRINDUDU BASIN
AMADEUS BASIN
NGALIA BASIN BASIN
CANNING
ASHBURTON BASIN
KIMBERLEY BASIN
VICTORIA RIVER BASIN
BANGEMALL BASIN
HAMERSLEY BASIN
NABBERU BASIN
McARTHUR BASIN
OFFICER BASIN
DENISON INLIERS
ADELAIDE GEOSYNCLINE
MOUNT PAINTER INLIER
PROVINCE DAVENPORT
A
HALLS CREEK OROGEN
1.
1. Gawler Craton
2.
2. Curnamona Province 3.
3. Musgrave Province
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A Decade of Growth Mineral production value Mineral exploration
Mineral royalties Mineral exports
Lead
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influ
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South Australian Minerals Industry Indicators 2001–2012
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South Australian Mineral Exploration Licences 2013
January 2004 September 2013
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South Australian Mineral and Petroleum Exploration Expenditure 1993/94 – 2012/13
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
Minerals Petroleum SA % share of Australia
$ M
illio
ns
Minerals and Petroleum exploration for 2012/13 was $616.7m ($230.4m – Minerals and $386.3m – Petroleum)
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South Australian mineral exploration expenditure by commodity 2012-13
Copper 106.3 46%
Iron ore 47.9 21%
Other 44
19%
Base metals 19.3 8%
Uranium 10.3 5%
Gold 2.6 1%
Copper Iron ore Other Base metals Uranium oxide Gold
$230.4 million
Source: ABS Cat. 8412.0
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20 Major Mines / 30 Developing Projects
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PACE: Program of Accelerated Exploration • South Australian Government initiative to reduce
exploration risk and increase investment – Regional pre-competitive geoscience surveys – Collaborative drilling and surveys (co-investment) – Streamline tenement applications and mining approvals
• One-stop-shop • Online application and tracking
– High quality, free, mineral resources data and information delivery
– International and National collaborations
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South Australian Commodities…
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Selected South Australian Commodities • Opal and Jade • Salt • Gypsum • Dolomite and Limestone • Silica • Dimension stone • Processed petroleum
products • Kaolin • Graphite
• Copper • Iron Ore and Steel • Uranium • Zircon & Mineral Sands • Gold and Silver • Lead and Zinc • Natural Gas • Oil • Coal • Shale Gas
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Copper • 70% of Australia’s Economic
Demonstrated Copper Resources
• 2012 production almost 300 000t
• South Australia hosts the 3 most significant new Cu discoveries in past 10 years in Australia • Carrapateena
OzMinerals Ltd
• Prominent Hill OzMinerals Ltd
• Hillside
Rex Minerals Ltd
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Gawler Craton: Olympic IOCG Province
ADELAIDE
Prominent Hill
Carrapateena
Olympic Dam
Moonta – Wallaroo
Hillside
• Cu-Au ± U deposits and prospects
• c. 1590–1580 Ma timing • Related to felsic and mafic intrusions and volcanics – Hiltaba Suite and Gawler Range Volcanics •Equivalent geology in northern Curnamona Province
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Top 20 Copper Deposits: Selected Countries
Chile Peru
USA South Australia
51
Mt Cu-eq
South Australia, unlike other locations, has a huge gap between the largest and second-largest known copper deposit … which suggests there is a good opportunity to find more giant deposits.
Source: MinEx Consulting March 2012
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Uranium • 78% of Australia’s total uranium
resources
• South Australia has been producing uranium for 25 years
• Efficient legislation, assessment and approvals processes, with best practice environmental regulation
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China – South Australia – Saskatchewan Uranium Geoscience Partnership established
October 2012
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Olympic Dam (BHP Billiton Ltd) • World’s largest uranium deposit (9576 Mt at 0.26 kg/t U3O8 resource)
• Eastern Gawler Craton IOCG hosted (large copper and gold producer as well)
Olympic Dam
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Sediment Hosted Uranium
Frome AEM survey
Palaeochannel System hosted U Mines • Beverley
Heathgate Resources Ltd • Beverley North
Heathgate Resources Ltd • Honeymoon
Uranium One Inc
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Iron • In 2012 production was around
11Mt • Emerging as Australia’s second
major iron ore producing state (5% national production)
• Magnetite • Cairn Hill
• IMX Resources NL
• Wilcherry Hill • IronClad Mining Ltd
• Hematite • Peculiar Knob
• Arrium Ltd
• Wilgerup • Centrex Metals Ltd
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Heavy Minerals (zircon, rutile, ilmenite, leucoxene)
Projects to watch • Major Mine
Mindarie
Adelaide
Gullivers
Tripitaka
Jacinth/Ambrosia Barton West
Dromedary
Typhoon
Immarna
Overland Corner
Balmoral
Derrick
Jacinth-Ambrosia • Iluka Resources Ltd • World’s largest zircon deposit • Resource 293.9 Mt @ 4.7% HM • 39% zircon • 29% ilmenite • 4% rutile
Mindarie • Murray Zircon Pty Ltd • Reserve 58.1 Mt @ 4.3% HM • 21.2% zircon • 64.8% ilmenite • 4.8% rutile • 6.4% leucoxene
EUCLA BASIN
MURRAY BASIN
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Eucla Basin Heavy Mineral Sand deposits – ancient shorelines
Jacinth zircon mining
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Graphite
• Gawler Craton Eastern Eyre Peninsula - best geological environment for flake graphite in Australia
• High-grade metamorphism of Late Archean – Early Paleoproterozoic chemical and organic-rich sediments
24
50 km
Graphite locality
Waddikee
Sugarloaf Hill Campoona
Kookaburra Gully
Koppio Gum Flat
Uley
Carpa
TMI image eastern Eyre Peninsula
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Moon Plain, Stuart Shelf, SA (photo: SHill)
Deep cover impediment becomes opportunity…
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The Exploration Challenge: 80% of South Australia has transported cover
A New Search Space
Deep Exploration Targeting
(From James Cleverley, CSIRO) South Australian Government is major participant in Deep Exploration Technologies Cooperative Research Centre (DET CRC)
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After R E Smith & B Singh, 2007
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Mapping buried mineral systems: enlarging buried target and provides framework for next drillhole
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Regional Mineral System Drilling
An approximate 10x10 km drilling array would provide undercover mapping and detection of buried IOCG mineral systems in the highly prospective eastern Gawler Craton We are planning for this to commence in 2015 in collaboration with DET CRC researchers and emerging technologies
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Four Mile rangefront (Photo: S Hill)
Further Information …
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Free SmartPhone App for South Australia Mining Investors…
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South Australia Resources Information Geoserver (SARIG)
http://www.minerals.dmitre.sa.gov.au
WINNER Geospatial Category in the 2013 Australian Government Excellence in eGovernment Awards
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Mineral Exploration in South Australia 2012/13 Report
• Company exploration data releases outlining successful discovery of diverse range of mineral commodities
• Comprehensive statistical analysis of mineral exploration expenditure in South Australia
• Overview of opportunities for investors
• Download from website http://www.minerals.dmitre.sa.gov.au
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Program for Accelerated Exploration
(PACE)
minerals.pir.sa.gov.au/pace2020
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South Australia – Key Points • Proven Minerals prospectivity • New Exploration Frontiers and Opportunities
– especially under deep cover • Joint venture opportunities for many existing
projects • Supportive Government – PACE initiative
– Free Pre-competitive geoscience information – Co-funded drilling and collaborative surveys – Streamline Approvals – Best Practice Regulation
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Disclaimer
• The information contained in this presentation has been compiled by the Department for Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) and originates from a variety of sources. Although all reasonable care has been taken in the preparation and compilation of the information, it has been provided in good faith for general information only and does not purport to be professional advice. No warranty, express or implied, is given as to the completeness, correctness, accuracy, reliability or currency of the materials.
• DMITRE and the Crown in the right of the State of South Australia does not accept responsibility for and will not be held liable to any recipient of the information for any loss or damage however caused (including negligence) which may be directly or indirectly suffered as a consequence of use of these materials. DMITRE reserves the right to update, amend or supplement the information from time to time at its discretion.
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Murphy’s “Haystacks” (Photo: S.Hill)