VICTORIA - Earth Resources · 2019-04-01 · VICTORIA - SUMMARY Capital: Melbourne (World’s...
Transcript of VICTORIA - Earth Resources · 2019-04-01 · VICTORIA - SUMMARY Capital: Melbourne (World’s...
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VICTORIA
Manager Minerals Geoscience
Geological Survey of Victoria
earthresources.vic.gov.au/
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VICTORIA - SUMMARYCapital: Melbourne (World’s second most
liveable city)
Area (land): 227,436km2 (6th)
Population: 6.43 million (2nd)>75% in Melbourne
Best performing Australian economyRanks first on economic growth, retail trade,
unemployment and construction work done
Melbourne Airport: Busiest passenger and
container airport, 33 direct international
destinations
Port of Melbourne: Largest container and
automotive port
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RESOURCES - SUMMARYVictoria is the biggest exporter of mining equipment, technology and services (METS) in
Australia
➢ Victoria is an Australian leader in the METS sector, exporting skills and expertise to the
domestic and international mining market.
➢ Melbourne is an Australian mining hub with >100 mining and resources companies
headquartered in the city center.
➢ Victoria has excellent infrastructure including road, rail, port and power (incl renewables).
The Victorian Government’s approach is to target prospective geological provinces at the
pre-competitive stage and undertake a coordinated set of activities to reduce exploration
risk, encourage investment and build community confidence:
➢ Build the geoscience understanding
➢ Engage local communities early
➢ Understand the natural resource and land use of the region
➢ Develop enduring relationships with quality investors
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GEOSCIENCEPre-competitive data and knowledge
• free maps, reports, data
Geology
• Seamless: 1:250k and 1:50k
• 3D 1:250k full-crust model
Geophysics
• Modern state-wide
• Magnetics: 200-400m line spacing
• Ground gravity: 1.5 km nominal spacing
• Deep seismic reflection
Drill Core Library
• 1.5 million metres drill core/cuttings (~A$2.3B)
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Deep Seismic Reflection
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1. Base Metals
2. Nickel-PGE’s
3. Copper-Base Metals-
Gold
4. Gold
5. Gold-Antinomy
6. Gold-Base
Metals
7. Tin-Tantalum
8. Gold-Base
Metals
9. Gold-Base
Metals
10. Base Metals
Key Commodities
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Victoria – State-wide informed 3D model
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Health of Sector (FY16-17)• Victoria is Australia’s largest exporter of
mining equipment, technology and services
(METS), a sector estimated to be worth
$13.6 billion annually and accounting for
over 120,000 jobs.
• Victorian resources capital expenditure:
$805M
• Minerals production value: $750M
• ~190,000m pa exploration drilling
• One of the highest grade, low cost gold
mining operations in the world: Fosterville
>2% Au, Fosterville
Drill hole STAVELY12
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Mineral exploration expenditure 2010-2018
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Mineral exploration expenditure from 2010 -2018
Victoria
Australia
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VICTORIA - STATE OF DISCOVERY
TARGET Minerals Exploration Grants
Stavely Minerals Exploration Initiative
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
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imarcmelbourne.com/
Melbourne
>6,000 delegates from >90 countries
>350 mining and resource experts
>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
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THANK YOU
Manager Minerals Geoscience
Geological Survey of Victoria
+61 3 9452 8972
earthresources.vic.gov.au/