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Australian Mining and Exploration
A National Perspective
Dr Anthony Budd
Resources Advice, Assessment and Mineral Promotions
Geoscience Australia
Photo by Yu Kato on Unsplash
Federation Australia
Established Resources Sector
2017-18
Exports 69% A$217 bn
A$103 bnGDP 6%
Japan accounts for 14.9% of Australia’s total exports
Employment 2% Direct
Mining is in Australia’s
DNA
Commodity World Ranking
Resources Production
Black Coal 4 4
Iron Ore 1 1
Gold 1 2
Bauxite 2 1
Copper 2 5
Lead 1 2
Zinc 1 3
Nickel 1 5
Lithium 3 1
Rare Earths 6 2
Uranium 1 3
LNG * <10 2
Geoscience Australia, Australia’s Identified Mineral Resources 2018
* Office of the Chief Economist, Resources and Energy Quarterly June 2018
World leading resources and production
>400 operating mines
Australia’s geological context
Outcrop and subcrop of limited extent (bright colours)
Extensive regolith cover (~80 %, pale colours)
Major mines and deposits in bedrock dominated areas
Geological features continue under cover (e.g. aeromagnetics)
Australia is largely
unexplored at
depth and has
significant
greenfields
potential
O Major mineral deposit
The greyscale background represents aeromagnetic data(0.5 first vertical derivative of magnetic intensity)
Mines, deposits and occurrences of Technology Minerals
National innovative exploration strategy
http://www.coagenergycouncil.gov.au/publications/national-mineral-exploration-strategy-december-2012
Best geoscientific information – free!
Analysis – mineral potential mapper Mafic-related Ni-Cu-PGE
Exploration for the Future – a collaborative program
Increasing exploration expenditure
0
2000
4000
6000
8000
10000
12000
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Explo
ration
drillin
g (00
0m
)Ex
plo
rati
on
exp
en
dit
ure
($
mill
ion
)
Financial year
Total expenditure Total drilling
Exploration expenditure versus metres drilled (June 2018)
Increasing exploration expenditure
0
200
400
600
800
1000
1200
1400
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Exp
lora
tio
n e
xpe
nd
itu
re (
$ m
illio
n)
Financial year
Copper
Nickel-Cobalt
Gold
Iron ore
Coal
Uranium
Silver-Lead-Zinc
Minor
Exploration spend by commodity (June 2018)
Significant new discoveries - gold
Significant new discoveries – base metals
Significant new discoveries – tech minerals
Australia Minerals for information
www.australiaminerals.gov.au
Australia Minerals for information
Mineral resources information Projects and exploration Publications
Infrastructure Legislation, regulations and guidelines
Conferences and events
• Minerals and Petroleum and the Australian Economy
• Exploring for minerals & petroleum
• Role of Government• Foreign investment guidelines and
business entry into Australia• Onshore and offshore approvals
processes
• Industry growth centres• Social licence to operate (CSR)• Mine health and safety
• Working visas, immigration and skills• Indigenous engagement• Transport infrastructure
• Equipment, technology and services• Tariffs and customs duty concessions• Taxation – general, petroleum and
minerals
• Contacts
Australia Minerals for information
Geoscience Portal Uncover Geoscience Australia
Investing in Australian Resources
Australia –
a minerals innovation powerhouse
For free national and regional geoscientific datasets visit:
www.geoscience.gov.au
www.australiaminerals.gov.au
Source: https://upload.wikimedia.org