The Courier-Mail

Min­ing ex­plo­ration targets iden­ti­fied in $225m project

- MICHAEL WRAY Business · Oceania News · Australia News · Energy · Industries · Australia · Queensland · South Australia · New South Wales · South Wales · South Australia · Victoria · Darwin · Northern Territory · Western Australia · Geoscience Australia · Gulf of Carpentaria · Mount Isa

TWO land cor­ri­dors stretch­ing the length of Aus­tralia with a “high po­ten­tial” for new re­sources dis­cov­er­ies will be tar­geted un­der a $225m ex­plo­ration pro­gram.

Re­sources Min­is­ter Keith Pitt said the ex­plor­ing for the fu­ture pro­gram, which re­cently re­ceived a $125m fund­ing boost, would fo­cus on two rib­bons of land iden­ti­fied by

Geo­science Aus­tralia. Sci­en­tific ex­ports at the agency have iden­ti­fied the north-south rib­bons as hav­ing promis­ing ge­ol­ogy for dis­cov­er­ies of ground­wa­ter, con­ven­tional and un­con­ven­tional oil and gas and min­er­als, in­clud­ing gold, di­a­monds, base met­als and crit­i­cal min­er­als.

“The chal­lenge for ex­plor­ing for the fu­ture is to nar­row down where the new min­eral, en­ergy and ground­wa­ter re­sources are lo­cated along these cor­ri­dors, which each run for thou­sands of kilo­me­tres through re­mote parts of Aus­tralia,” Mr Pitt said.

“The east cor­ri­dor will start at the edge of the Gulf of Car­pen­taria and run through Mount Isa in Queens­land and down the bor­ders of New South Wales, South Aus­tralia and Vic­to­ria. On the other side of the coun­try, the west cor­ri­dor will start just south of Dar­win and strad­dles the bor­ders of the North­ern Ter­ri­tory, Western Aus­tralia and South Aus­tralia fin­ish­ing at the edge of the Great Aus­tralian Bight.”

The EFTF pro­gram re­ceived a fund­ing boost in June af­ter be­ing es­tab­lished in 2016 with $100m.

Geo­science Aus­tralia will use some of the new fund­ing to col­lect data across south­ern Aus­tralia, repli­cat­ing a sim­i­lar ef­fort across north­ern Aus­tralia over the past four years. “In its first four years, the pro­gram car­ried out more than 20 ac­tiv­i­ties across three mil­lion square kilo­me­tres of North­ern Aus­tralia, in­clud­ing geo­phys­i­cal sur­veys, geo­chem­i­cal sam­pling, hy­dro­ge­o­log­i­cal map­ping and strati­graphic drilling,” Mr Pitt said. It had de­liv­ered a de­tailed pic­ture of po­ten­tial re­sources in north­ern Aus­tralia, in­clud­ing al­most 250 new datasets, he said.

Newspapers in English

Newspapers from Australia