Queensland`s Exploration and Resource Investment

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
Queensland Mining
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8.8% of Gross State Product (2012/13)
60% of State exports (2012/13)
Total at-mine value (2012/13)
68.3% of Queensland’s private capital investment
(2012/13)
Haul Road and pit, Century Mine, NW Queensland. Photo courtesy of MMG
$25.6 billion
$26.6 billion
$29.84 billion
$25.9 billion
Source: Australian Bureau of Statistics
Current Queensland Exploration
and Development Activity
450
400
350
Coal
(81 companies)
Minerals
(212 companies)
168
300
250
No. of
Projects
52
108
200
150
100
257
224
187
50
0
30
67
Grass Roots
Exploration
Advanced
Exploration
Feasibility Study
* Source: Interria – September 2014
Queensland Minerals
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Over A$6.6 billion production in 2012-13
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Over 100 significant operating mines
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32 different minerals
•
71% of value of State’s minerals
produced from the North West
Queensland Mineral Province
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
North West Queensland
Mineral Province
Mineral Occurrences
Total Magnetic
Intensity image
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, 111.6 g/t
silver, 6.64% zinc, 1.35% lead and 0.11% Co from
157 metres
Chalcopyrite-rich zone (yellow) at 129.05m in Artemis hole EL14D10.
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
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
Chinalco Yunnan Copper Resources Ltd
Jubilee Project
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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
Orion Gold NL
Aurora Flats Project
Adularia casts and common Manganese
nodules and encrustations in epithermal textured vein
Crustiform-Colloform Quartz with blue
chalcedony
Banded veins
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Extensive epithermal
quartz vein intersections
including 1 metre at
1.14g/t gold and 77g/t
silver from 80 metres
Mineral
Development
• Operating mines
• Advanced projects
Uranium in Queensland
MDL 507, 508
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Uranium mining
to recommence
in Queensland
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6 Mineral
Development
licences to date
•
166 million
tonnes of ore
with U3O8
content of
107,000 tonnes
MDL 509, 510, 511, 513
Strategic Metals and
Rare Earth Elements in Queensland
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Rhenium
Lithium
Tantalum
Zirconium
Scandium
Yttrium
Rare Earth Elements and Uranium
in Queensland
Central Queensland Coal
Coal mines commencing operation in
2014
Eagle Downs
Grosvenor
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Underground longwall coal mine jointly owned by Anglo
American and Mitsui Coal Holdings Pty Ltd
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Surface infrastructure, longwall panels and underground
infrastructure
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Includes 1,100 tonnes per hour coal handling and
preparation plant to produce hard coking coal
Grosvenor
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Underground longwall coal mine owned by Anglo American
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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.
Coal Development
• Operating mines
• Mines under
construction
• Advanced projects
Geological Survey of
Queensland
• Information and promotional products
• Presentations at conferences
• Host overseas delegations
• Information and advice
• Business matching
Major Japanese companies in
Queensland
Japan Oil, Gas and Metals National Corporation (JOGMEC)
Nippon Steel
Mitsubishi Corporation
Idemitsu Kosan Co. Ltd
Mitsui & Co Limited
Sumitomo Corporation
Itochu Corporation
Marubeni Corporation
J-POWER Electric Power Development Co. Ltd
Chubu Electric Power Co. Inc.
Sojitz Corporation
JFE Group
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
Brad John
Chief Government Geologist
Geological Survey of Queensland
Phone: +61 7 3035 5200
Email: [email protected]