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Australia-China Mineral Exploration Investment Seminar 2011
Australia-China Mineral Exploration Investment 2011
Exploration and Mining Opportunities in Australia’s Northern Territory
Dorothy Close
Assistant Director
Northern Territory Geological Survey
Australia-China Mineral Exploration Investment Seminar 2011
Australia’s Northern Territory
Vast and underpopulatedVast and underpopulated• 13% of Australia with 1% of the population
Evolving infrastructureEvolving infrastructure• New port and bulk handling facility in Darwin -
Australia’s closest port to China
• North-south railway through NT
• Abundant natural gas with network of gas pipelines
Economic driverEconomic driver• Mining is the Territory’s largest industry
• Exploration is booming
Australia-China Mineral Exploration Investment Seminar 2011
Commitment to resource investment
Dedicated Chinese investment Dedicated Chinese investment attraction strategy since 2007attraction strategy since 2007
• 8 Ministerial visits to China
• 166 inbound trips to Darwin from Chinese groups
•~ ¥ I billion investment into NT exploration projects
•~ 26 000km2 of exploration tenure held by Chinese companies
• Strategic alliances with key Chinese organisations:
CDB, CGNPC, CCCMC, CMA, ECE
Australia-China Mineral Exploration Investment Seminar 2011
Commitment to resource investment
Northern Territory Investment Guide
• Overview of the requirements for investment in the resource sector within the Northern Territory
Northern Territory Investment Opportunities
• Information on Northern Territory exploration projects seeking investment
Information for Chinese investorsInformation for Chinese investors
Chinese website
• www.nt.gov.au/d/china
Australia-China Mineral Exploration Investment Seminar 2011
Commitment to realising potential
Investment in geoscienceInvestment in geoscience•Improving geoscientific datasets over greenfields areas
•Ensuring improved web delivery of information
•Information and data for free
•Partnering in greenfields exploration
Successful strategySuccessful strategy• Record exploration expenditure
• Record investment in greenfields exploration
Australia-China Mineral Exploration Investment Seminar 2011
Territory’s commodity strengths
World class mineral endowment World class mineral endowment
• 12 operating mines producing gold, uranium, bauxite, zircon, iron, manganese and lead-zinc
New depositsNew deposits• Gold – revitalised exploration in historical fields with
numerous projects approaching development
• Manganese – world leader in manganese production, current opportunities limited to greenfields exploration
• Pb-Zn - Myrtle Zn-Pb (43.6 Mt @ 4.1% Zn, 0.95% Pb)
• REEs – Nolan’s REE-P-U 30.3Mt @ 2.8% REO, 12.9% P2O5, 0.02% U3O8
Projects across the NT rich in HREE/LREE
• Zircon sands -Kilimiraka, SW Bathurst Island
56.2 Mt @ 1.6% heavy mineral (HM) for 893,700 t HM
Australia-China Mineral Exploration Investment Seminar 2011
Territory’s commodity strengths
Exploration Highlights - UraniumExploration Highlights - Uranium
Western Arnhem Land• Unconformity style• Hosts Ranger U mineCaramal: 11m @ 0.36% U3O8 from 18m
13m @ 0.31% U3O8 from 2m
20m @ 0.22 % U3O8 from 24m
Company: Alligator Energy
Narbalek areaBoomerang : 5m @ 0.16% U3O8
Clapstick : 12m @ 0.13% U3O8
Coopers : 23m @ 0.20% U3O8
U40 U-Cu-Au-PGE 6.8m @ 6.71% U3O8
4.8m @ 1.85 % U3O8
7.3m @ 1.68% Cu 3.1m @ 6.89g/t Au 2.6m @ 1.57g/t Pd,
0.96g/t PtCompany: Uranium Equities
Pine Creek Orogen•Numerous new, locally high-grade uranium prospects Thunderball: 11m @ 3.4% U3O8 incl.
4.6m @ 8.0% U3O8 15m @ 1.5% U3O8 incl.
1m @ 20.3% U3O8
Goldeneye:3m @ 0.28% U3O8
Company: Thundelarra Exploration
Ngalia Basin• Sandstone-hosted and newly discovered palaeochannel• Hosts 21 Mlb uranium resource at Bigrlyi (owned by CGNC) • Afghan Swan: 7m @ 0.14% U3O8 extensive palaeochannel system – mineralisation over 15 km length
Company: Thundelarra Exploration
Australia-China Mineral Exploration Investment Seminar 2011
Territory’s emerging commodities
Exploration Highlights - CopperExploration Highlights - Copper
Tennant Creek• Cu-Fe-Bi, Cu-AuNew copper discoveries generated through HeliTEM surveyMonitor - 27m @ 1.75% Cu including 6m @ 3.53% Cu, 13.7% Fe and 847ppm Bi Goanna - 21m @ 2.63% Cu including 7m @ 4.96% Cu
Company: Emmerson Resources Ltd
Rover 1 - 6.8Mt @ 1.7g/t Au, 1.2% Cu, 0.1% Co, 0.1% Bi, 2.1g/t Ag
Planning exploration decline and bankable feasibility study
Company: Westgold Resources Ltd
Pine Creek Orogen• New discoveriesAllamber: 7m @ 9.7% Cu (15m @
610ppm U3O8)
Company: Thundelarra Exploration
Arunta Region• Range of mineralisation styles• Major new copper-silver-gold project at Jervois (8.8 Mt @ 1.3% Cu, 27 g/t Ag)Company: Kentor Gold
• Basil Cu-Co Contuining promising exploration
Company: Mithril Resources
Australia-China Mineral Exploration Investment Seminar 2011
Territory’s emerging commodities
Exploration Highlights – Phosphate, Iron oreExploration Highlights – Phosphate, Iron ore
Roper Iron Field• Oolitic ironstone (hematite)• High tonnage, moderate grade
Roper River projectMaiden resource – 107 Mt @ 47% FeFlat-lying, 4-6m thick ironstone unit
Beneficiated product: 60-62% Fe; <0.1% P; 2.0-2.5% Al and <6-7% SiO2
Company: Sherwin Iron Ltd
Roper Bar projectTotal resource: 312 Mt @ 40% FeArea F (East): 20 Mt @ 48% Fe incl 9.8 Mt @ 58.3% FeArea E (East): 14.1Mt @ 49.5% Fe incl 4.7 Mt @ 55.6% Fe
Company: Western Desert Resources Ltd
Georgina Basin• Australia’s premier phosphate province• Hosts Wonarah deposit - 620 Mt @ 18% P2O5 incl. 66 Mt @ 28% P2O5
Ammaroo
New discovery of near-surface high-grade phosphate, locally > 30% P2O5
Maiden Resource: 52 Mt @ 18% P2O5
80 km from railway
Company: Rum Jungle Resources
Australia-China Mineral Exploration Investment Seminar 2011
Territory’s emerging commodities
Exploration Highlights – Tungsten-Molybdenum,Exploration Highlights – Tungsten-Molybdenum,
Vanadium-TitaniumVanadium-Titanium
Molyhil W-Mo project
•3.75 Mt @ 0.32% WO3, 0.19% MoS2, 28% Fe
•Scheelite-molybdenite-magnetite skarn
•2007 Definitive Feasibility Study being revised, drilling program underway to increase size and confidence of resource
Company: Thor Mining PLC
Mount Peake V-Ti-Fe project•139 Mt @ 0.3% V2O5 , 5.3% TiO2, 24% Fe•Concentrate: >1.2% V205, 18% Ti02, 55% Fe
• Potential production of V205, FeV, Fe2O3 and TiO2 through patented hydrometallurgical technique
• LOI signed with major Chinese company (ECE) for investment and development
Company: TNG Ltd
Australia-China Mineral Exploration Investment Seminar 2011
• Expanding resources sector with the closest port to China
• World class endowment of uranium, lead-zinc, gold, manganese, bauxite, and phosphate
• Numerous deposits and exploration potential for copper, rare earths, vanadium, tungsten, iron and more.
• Supportive government, world-class geoscience data available for free
• New discoveries are being made
Australia’s Northern Territory
Australia-China Mineral Exploration Investment Seminar 2011
For more information
Please contact us:
Dorothy CloseAsst. Director Northern Territory Geological SurveyPh: +61 8 8999 5389
Email: [email protected]
Adam CunneenDirector Resource Trade DevelopmentPh: +61 8 8999 1385
Email: [email protected]