29.01.2015 Views

South Australia - SA Explorers

South Australia - SA Explorers

South Australia - SA Explorers

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>South</strong> <strong>Australia</strong>’s<br />

Mineral Sector<br />

Highlights for 2007<br />

• Record levels of mineral and<br />

geothermal exploration<br />

expenditure and drilling in 2007<br />

driven by:<br />

• Copper-Gold; Uranium; Gold;<br />

Base Metals; Mineral Sands;<br />

Hot Rocks<br />

• New discoveries and<br />

encouraging intersections<br />

in all mineral provinces and<br />

across all commodities<br />

• New geoscience and<br />

PACE collaborative drilling<br />

successes<br />

• Major mining developments for<br />

Copper-Gold; Uranium; Gold;<br />

Base Metals; Iron Ore;<br />

Mineral Sands


Fraser Report 2006–07 — <strong>South</strong> <strong>Australia</strong> Internationally<br />

Room for<br />

Improvement<br />

Improvement<br />

<strong>South</strong> <strong>Australia</strong> in the Top 10<br />

Policy Potential<br />

Index<br />

Current<br />

Mineral Potential<br />

Labour Reg. &<br />

Employment<br />

Political<br />

Stability<br />

Security<br />

Socioeconom ic<br />

Agreements<br />

Geological<br />

Database<br />

10<br />

9<br />

8<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

International Ranking ( /65)


Exploration Activity


<strong>South</strong> <strong>Australia</strong> – record levels of mineral exploration expenditure<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<br />

0<br />

Exploration<br />

Share<br />

18.00%<br />

16.00%<br />

14.00%<br />

12.00%<br />

10.00%<br />

8.00%<br />

$m<br />

<strong>South</strong> <strong>Australia</strong>’s share of exploration in <strong>Australia</strong><br />

PACE<br />

startup<br />

6.00%<br />

4.00%<br />

2.00%<br />

0.00%<br />

1992-93<br />

1993-94<br />

1994-95<br />

1995-96<br />

1996-97<br />

1997-98<br />

1998-99<br />

1999-00<br />

2000-01<br />

2001-02<br />

2002-03<br />

2003-04<br />

2004-05<br />

2005-06<br />

2006-07


<strong>South</strong> <strong>Australia</strong>’s Mineral Exploration Upswing<br />

Exploration Licence Coverage – a measure of success<br />

January 2004<br />

Pre-PACE<br />

November 2007


<strong>SA</strong> Copper-Gold Tenements<br />

National Expenditure on Copper Exploration 2006/07<br />

51%<br />

49%<br />

<strong>South</strong> <strong>Australia</strong><br />

Others


<strong>SA</strong> Uranium Tenements<br />

National Expenditure on Uranium Exploration 2006/07<br />

44%<br />

56%<br />

<strong>South</strong> <strong>Australia</strong><br />

Others


<strong>SA</strong> Mineral Sands Tenements


<strong>SA</strong> Nickel Tenements


<strong>SA</strong> Geothermal Licences


<strong>South</strong> <strong>Australia</strong>’s mineral exploration work approvals for drilling<br />

June 2007<br />

2005 – 364 010 m<br />

2006 – 828 025 m<br />

2007 – est 1 200 000 m


Total Exploration Drilling Metres* includes Olympic Dam<br />

1400000<br />

1200000<br />

Total drilling metres<br />

Diamond drilling metres<br />

1000000<br />

Estimate<br />

Metres<br />

800000<br />

600000<br />

400000<br />

200000<br />

0<br />

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007<br />

Year


Roxby Downs – delineation drilling 14 rigs


Geological Survey<br />

– PACE Highlights


PACE wins a prestigious Premier's Award<br />

• PACE wins 2007 Premier's<br />

Award for the category<br />

Growing Prosperity during<br />

Public Sector Week<br />

• The inaugural awards<br />

showcase excellence in the<br />

public sector and are an<br />

opportunity to recognise the<br />

best and brightest public<br />

sector initiatives from across<br />

the State


Regulation and Rehabilitation and Land Access branches shine<br />

• Minerals and Energy - Regulation and<br />

Rehabilitation and Land Access branches<br />

win the Chief Executive’s Award and the<br />

Service to PIR<strong>SA</strong> Award<br />

• The teams developed a fit-for-purpose<br />

model now used for mining proposal<br />

assessment and a ‘one window to<br />

government’ engagement and facilitation<br />

process


Geoscience Library Expands<br />

• PIR<strong>SA</strong>’s Geoscience Library<br />

and online catalogue was<br />

launched 23 November 2007<br />

• Largest collection of <strong>South</strong><br />

<strong>Australia</strong>n geological literature<br />

and also includes extensive<br />

general geoscience, mining and<br />

earth science information<br />

• This library has developed a<br />

reputation as a highly valued<br />

resource to industry,<br />

government agencies,<br />

geoscience and educational<br />

institutions as well as the<br />

general public<br />

• The bulk of the collection is<br />

located at PIR<strong>SA</strong>’s Core Storage<br />

Facility at Glenside<br />

• All library services are accessed<br />

through the head office location<br />

in the city


A Plan for Accelerating Exploration – PACE<br />

PACE $22 million initiative<br />

2004–2009<br />

PACE $8.4 million extension<br />

announced in June 2007


PACE – Plan for Accelerating Exploration 2004–2009<br />

THEME 1<br />

THEME 2<br />

THEME 3<br />

THEME 4<br />

THEME 5<br />

THEME 6<br />

THEME 7<br />

THEME 8<br />

Balancing resource development with conservation<br />

Drilling collaboration between PIR<strong>SA</strong> and industry<br />

<strong>South</strong> <strong>Australia</strong>n centre for mineral exploration under cover<br />

From craton to basin: new geophysics<br />

Resource development and sustainable communities<br />

Baseline geochemical survey<br />

Next generation data delivery<br />

<strong>South</strong> <strong>Australia</strong>n Minerals and Petroleum Expert Group


Geological Survey – PACE Highlights<br />

THEME 1 Balancing resource development with conservation<br />

• 2 Ph.D’s in progress, focusing on the ecology and impacts of mineral exploration in Pinkawillinie<br />

Conservation Park<br />

THEME 2 Drilling collaboration between PIR<strong>SA</strong> and industry<br />

• 4 Rounds – 269 proposals received, 139 awarded funding (130 Minerals, 8 geothermal, 1 petroleum)<br />

• Almost $8 million in government funds allocated<br />

• 15 technical successes inc. Carrapateena, 4 Mile, Gullivers, <strong>South</strong>ern Eyre Peninsula<br />

• Round 5 called closes December 2007<br />

• New PACE layers added to <strong>SA</strong>RIG<br />

THEME 3 <strong>South</strong> <strong>Australia</strong>n centre for mineral exploration under cover<br />

• 6 full time staff<br />

• Working towards 4D geological model of <strong>South</strong> <strong>Australia</strong><br />

• 2 major <strong>Australia</strong>n Research Council grants awarded<br />

• Currently 13 Industry Collaborators


Geological Survey – PACE Highlights<br />

THEME 4 From craton to basin: new geophysics<br />

• 22 000 gravity stations added the State Gravity Database<br />

• 100 000 line km of airborne magnetics, radiometrics and digital terrain data acquired<br />

• 8 000 line km of ground radiometric data acquired<br />

• Northern Olympic Domain Gravity Survey completed<br />

THEME 5 Resource development and sustainable communities<br />

• 5 exploration licences active in APY Lands<br />

• 10 ELA’s approved for negotiation<br />

• PIR<strong>SA</strong> geological mapping continues<br />

• 3 Anangu artworks completed - depicting a Tjukurpa (traditional knowledge map) of Watarru area<br />

• Rio Tinto Indigenous Challenge Cup<br />

THEME 6 Baseline geochemical survey<br />

• Additional 25 000 m core scanned under the HyLogger Program (inc. Tunkillia, OD, Challenger)<br />

• 11 500 stream sediment samples added to Mt Painter database<br />

• 3 000 Gawler Craton calcrete samples completed as Phase 1 of Calcrete Re-analysis Project


Geological Survey – PACE Highlights<br />

THEME 7 Next generation data delivery<br />

• 1 400 000 Open file pages scanned<br />

• Preliminary State 3D model of <strong>SA</strong> geology completed<br />

• Transfer of <strong>SA</strong>RIG to new server completed<br />

• New PACE data layers uploaded<br />

• 2000 drillholes and 60 000 samples added to database<br />

THEME 8 <strong>South</strong> <strong>Australia</strong>n Minerals And Petroleum Experts Group (<strong>SA</strong>MPEG)<br />

• PDAC Toronto Canada, <strong>SA</strong>MPEG Dinner<br />

• Diggers and Dealers Conference, Kalgoorlie, Western <strong>Australia</strong>, <strong>SA</strong>MPEG Dinner<br />

• Paul Dowd joined <strong>SA</strong>MPEG<br />

• <strong>SA</strong>MPEG Annual Meeting – April 2007<br />

• PACE wins 2007 Premier’s Award – Growing Prosperity<br />

• Canada’s Fraser Institute ranks <strong>SA</strong> 4 th in Mineral Prospectivity


A map of our lands


Theme 2 Drilling Schedule<br />

• Successful PACE drilling proposals will be announced at the <strong>SA</strong>COME<br />

lunch on the 8th of Feb 2008<br />

• Successful companies can begin drilling directly after the announcement<br />

• Grant funding for completed projects can be claimed in the 2008/2009<br />

financial year


Phase 2 calcrete analyses


New Products


New Products<br />

Maps<br />

• Kingscote 1:250 000 mapsheet<br />

• Palaeodrainage and Tertiary Coastal Barriers of <strong>South</strong> <strong>Australia</strong><br />

• <strong>South</strong> <strong>Australia</strong>n Uranium Occurrences<br />

• Wudinna Regolith CRC-LEME/PIR<strong>SA</strong><br />

• Gawler Craton IOCG Prospectivity Map Geoscience <strong>Australia</strong>/PIR<strong>SA</strong><br />

• Solid Geology time slices Archaean – Ordovician, Archaean – Early Mesoproterozoic,<br />

Middle - Late Mesoproterozoic, Neoproterozoic – Ordovician<br />

• Peak 1:100 000 mapsheet<br />

• Engenina 1:100 000 mapsheet<br />

• Gravity, TMI and Depth to Basement Coincidence Image<br />

• State Gravity Contour<br />

• State TMI Contour<br />

• Burra 1:100 000 map series (Print on Demand)<br />

Explanatory Notes<br />

• Ooldea 1:250 000 Mapsheet<br />

• Childara 1:250 000 Mapsheet<br />

• Kingscote 1:250 000 Mapsheet


New Products<br />

Scientific Publications – 44<br />

<strong>SA</strong> Exploration for Minerals,<br />

Energy and Geothermal<br />

• Hou, B, Alley, NF, Frakes, LA, Stoian, L, and Cowley, WM, 2006. Eocene stratigraphic succession in the Eucla<br />

Basin of <strong>South</strong> <strong>Australia</strong> and correlation to major regional sea-level events. Sedimentary Geology, 183:297-319.<br />

• Boult, PJ, McKirdy, DM, Blevin, J, Heggeland, R, Lang, S and Vinall, D, 2006. The oil-prone Morum Sub-basin<br />

petroleum system, Otway Basin, <strong>South</strong> <strong>Australia</strong>. PE<strong>SA</strong> News, 80:24-27.<br />

Technical Publications/Report Books – 41<br />

• Fanning, CM, Reid, A.J. and Teale, GS, 2007. A geochronological framework for the Gawler Craton, <strong>South</strong><br />

<strong>Australia</strong>. <strong>South</strong> <strong>Australia</strong>, Geological Survey. Bulletin, 55.<br />

• Szpunar, MA, 2006. Geological notes on the Coppertop, Montstephen, southern Morialpa and southeastern<br />

Plumbago Inliers. <strong>South</strong> <strong>Australia</strong>. Department of Primary Industries and Resources. Report Book, 2006/17.<br />

Information Sheets – 13<br />

• Uranium in <strong>South</strong> <strong>Australia</strong>. <strong>South</strong> <strong>Australia</strong>. Department of Primary Industries and Resources. Earth Resources<br />

Information Sheet, M50.<br />

• <strong>South</strong> <strong>Australia</strong>’s new mining projects — August 2006. <strong>South</strong> <strong>Australia</strong>. Department of Primary Industries and<br />

Resources. Earth Resources Information Sheet, M39.<br />

• Summary geology of <strong>South</strong> <strong>Australia</strong>. <strong>South</strong> <strong>Australia</strong>. Department of Primary Industries and Resources. Earth<br />

Resources Information Sheet, M51.<br />

Seminars/Conference Proceedings – 52<br />

• Luo, X, Hou, B, Keeling, JL, Fidler, R, Fabris, AJ, Zhen, N and Wen, M, 2006. CHIM-geoelectrochemical method<br />

in exploring for concealed mineralisation in China and <strong>Australia</strong>. In: 12th Quadrennial IAGOD Symposium,<br />

Moscow, 2006. Abstracts, p. 11; Extended Abstracts DVD.


New Geophysics<br />

• NEW PACE GRAVITY SURVEY<br />

• Northern Olympic Domain<br />

• of the Gawler Craton<br />

• 16 000 new stations<br />

• 1.5km x 1.5km grid<br />

• covering 45 000 sq kms<br />

• Released Nov 2007


New Geophysics<br />

• NEW PACE GRAVITY SURVEY<br />

• Northern Olympic Domain<br />

• of the Gawler Craton<br />

Musgrave<br />

Province<br />

• 16 000 new stations<br />

• 1.5km x 1.5km grid<br />

• covering 45 000 sq kms<br />

• Released Nov 2007<br />

Gawler<br />

Craton<br />

Curnamona<br />

Province


New Geophysics<br />

Musgrave<br />

Province<br />

• NEW PACE GRAVITY SURVEY<br />

• Northern Olympic Domain<br />

• of the Gawler Craton<br />

• 16 000 new stations<br />

• 1.5km x 1.5km grid<br />

• covering 45 000 sq kms<br />

Gawler<br />

Craton<br />

Curnamona<br />

Province<br />

• Released Nov 2007


New Geophysics


Digital data<br />

• <strong>SA</strong>REIC 2007 Presentation and Poster DVD<br />

• Geological Monuments in <strong>South</strong> <strong>Australia</strong><br />

• Mineral Exploration Through Cover 2007 Conference: Abstracts and<br />

Presentations CD PIR<strong>SA</strong>/CRC-LEME<br />

• <strong>South</strong> <strong>Australia</strong>n Mineral Resources Commodity Information Pack DVD<br />

• Bulletin 55: A geochronological framework for the Gawler Craton, <strong>South</strong><br />

<strong>Australia</strong><br />

• Solid Geology of <strong>South</strong> <strong>Australia</strong> CD Version 1.1.2<br />

• <strong>South</strong> <strong>Australia</strong>n Investors and <strong>Explorers</strong> CD<br />

• Historical Geological Mapping 1:250 000 Map series, <strong>South</strong> <strong>Australia</strong> DVD<br />

• State Detailed Geology DVD<br />

• PACE – Theme 2 – Drilling Collaboration Between PIR<strong>SA</strong> and Industry –<br />

2007 Core Display CD


This DVD is the one-stop-shop for<br />

geochronology of the Gawler Craton,<br />

a must for explorers trying to understand<br />

the geology of their tenements<br />

Available for $50 through<br />

Minerals and Energy Customer Services<br />

Level 7, 101 Grenfell Street, Adelaide<br />

Phone: 8463 3000<br />

Email: pirsa.customerservices@saugov.sa.gov.au


Current Activity


Geological Mapping GSB – PACE<br />

1. Davies 1:100 000 mapsheet<br />

2. Tieyon 1:100 000 mapsheet<br />

3. Compilation Rio Tinto Exploration<br />

licences<br />

4. Mt Woods Inlier<br />

5. Wudinna Regolith<br />

6. Port Augusta 1:250 000 mapsheet<br />

7. Mingary 1:100 000 Mapsheet<br />

8. Bimbowrie Station<br />

9. <strong>South</strong>ern Mt Lofty Ranges<br />

10.<strong>South</strong>ern Curnamona<br />

<strong>SA</strong> Exploration for Minerals,<br />

1,2,3<br />

Energy and Geothermal<br />

5<br />

4<br />

6<br />

9<br />

10<br />

7,8


Drilling density – open file drillholes intersecting basement 2006<br />

ave. 0.5 / 100 2 km<br />

ave. 4.2 / 100 2 km<br />

ave. 9.3 / 100 2 km<br />

Drillholes per 20 km x 20 km cell


Drilling density – open file drillholes intersecting sedimentary cover 2006<br />

Drillholes per 20 km x 20 km cell


Promotional Events<br />

Priority Events – 18<br />

• <strong>Australia</strong>’s Uranium Conference 2007<br />

• JOGMEC 2007 (Team <strong>Australia</strong>)<br />

• PDAC 2007, Toronto Canada (Team <strong>Australia</strong>)<br />

Including <strong>SA</strong>MPEG International Meeting<br />

• <strong>South</strong> <strong>Australia</strong>n Resources, Energy and Investment Conference 2007<br />

Including GSB Technical Forum<br />

• Diggers and Dealers 2007, Kalgoorlie Western <strong>Australia</strong><br />

Including <strong>SA</strong>MPEG National Meeting<br />

• Mining 2007 (Team <strong>Australia</strong>)<br />

• China Mining 2007 (Team <strong>Australia</strong>)<br />

• NewGen Gold Conference 2007<br />

• <strong>Australia</strong>n Nickel Conference 2007<br />

• PACE APY Artwork Launch<br />

Represented at a further 20 events/conferences/workshops


<strong>South</strong> <strong>Australia</strong>’s Expanding Minerals and Energy Sector<br />

2001 2007<br />

Beverley<br />

Leigh Creek<br />

Olympic Dam<br />

OneSteel<br />

Arckaringa Basin<br />

CSM<br />

Cairn Hill<br />

Yerila<br />

Peculiar Knob<br />

Prominent Hill<br />

Challenger<br />

Beverley 4 Mile Paralana 1B-DW1<br />

Olympic Dam Leigh Creek Beverley<br />

Mount Gee<br />

Ambrosia<br />

Blanche 1<br />

Beltana & Mt Painter<br />

Tunkillia<br />

Jacinth<br />

Carrapateena Goulds Dam Oban<br />

Tripitaka<br />

Punt Hill Crockers Well Portia<br />

Kalkaroo Honeymoon<br />

Gullivers<br />

Crockers Well<br />

Mutooroo<br />

Menninnie Dam<br />

White Dam<br />

Wilcherry Hill Radium Hill<br />

Project Magnet<br />

Wilgerup<br />

Habanero 1, 2<br />

Projects to watch<br />

Major Mine<br />

Mining Development<br />

Geothermal Projects<br />

Bird in Hand Mindarie<br />

Kanmantoo<br />

Angas<br />

Heat Flow 1, 1A, 3, 3A, 4


Mineral Projects 2007 and the list is growing!<br />

New Mines:<br />

Honeymoon (U)<br />

Mindarie (HMS)<br />

Prominent Hill (Cu-Au)<br />

Angus (Zn-Pb)<br />

Mine Expansion Projects:<br />

Olympic Dam (Cu-Au-U)<br />

Project Magnet (Iron Ore)<br />

Leigh Creek (Coal)<br />

Beverley (U)<br />

Challenger (Au)<br />

Proposed Mining Developments:<br />

Kanmantoo (Cu)<br />

Jacinth, Ambrosia (HMS)<br />

Beltana/Reliance (Zn White Dam (Au)<br />

Portia (Au)<br />

Beverley Extension (U)<br />

Cairn Hill (Iron Ore)<br />

Advanced Exploration:<br />

Arkaringa Basin (CSM) Mutooroo (Cu-Co)<br />

4 Mile (U) Oban (U)<br />

Bird in the Hand (Au) Peculiar Knob (Iron Ore)<br />

Cairn Hill (Iron Ore) Punt Hill (Cu-Au-U)<br />

Carrapateena (Cu-Au-U) Tripitaka (HMS)<br />

Crocker’s Well (U) Tunkillia (Au, Ag)<br />

Gullivers (HMS)<br />

Wilgerup (Iron Ore)<br />

Gould’s Dam (U)<br />

Wilcherry Hill (Iron Ore)<br />

Kalkaroo (Cu, Mo)<br />

Kingston (Coal)<br />

Menninnie Dam (Pb, Zn)<br />

Mount Gee (U)<br />

Arckaringa Basin<br />

CSM<br />

Cairn Hill<br />

Peculiar Knob<br />

Yerila<br />

Prominent Hill<br />

Challenger<br />

Beverley 4 Mile Paralana 1B-DW1<br />

Olympic Dam Mount Gee Beverley<br />

Leigh Creek<br />

Ambrosia<br />

Blanche 1 Beltana<br />

Tunkillia<br />

Jacinth<br />

Carrapateena Gould’s Dam<br />

Oban<br />

Tripitaka<br />

Punt Hill Crockers Well Portia<br />

Kalkaroo Honeymoon<br />

Gullivers<br />

Menninnie Dam White Dam<br />

Mutooroo<br />

Wilcherry Hill Radium Hill<br />

Project Magnet<br />

Wilgerup<br />

Projects to watch<br />

• Major Mine<br />

• Mining Development<br />

• Geothermal Projects<br />

Habanero 1, 2<br />

Bird in Hand Mindarie<br />

Kanmantoo<br />

Angas<br />

Kingston<br />

Heat Flow 1, 1A, 3, 3A, 4


Exploration Activity


<strong>SA</strong> Overseas Mineral Exports and Target,<br />

Actual and Forecast 1996/97 to 2014<br />

$5.8b<br />

6.0<br />

5.0<br />

4.0<br />

Export Target (2005) = $3b<br />

Annual Ave growth required 10% pa<br />

3.0<br />

$ Billion<br />

2.0<br />

Est. Mineral Industry Exports<br />

(2.3b 2006/07)<br />

1.0<br />

Forecast (May07)<br />

Export<br />

= $5.5b by 2014<br />

0.0<br />

1996-97<br />

1997-98<br />

1998-99<br />

1999-00<br />

2000-01<br />

2001-02<br />

2002-03<br />

2003-04<br />

2004-05<br />

2005-06<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12<br />

2012-13<br />

2013-14


Primary Industries and Resources<br />

Shift in Export Share Contribution 2005/6 to 2013/14 ‘Base Case’<br />

2013/14<br />

$11.6b<br />

Minerals<br />

51%<br />

Petroleum<br />

3%<br />

2005/6<br />

$6b<br />

Grains<br />

12%<br />

Petroleum &<br />

Gas<br />

5%<br />

Grains<br />

19%<br />

Minerals<br />

32%<br />

Livestock<br />

11%<br />

Dairy<br />

1%<br />

Livestock<br />

9%<br />

Horticulture<br />

1%<br />

Wine<br />

25%<br />

Horticulture<br />

2%<br />

Seafood<br />

5%<br />

Wine<br />

17%<br />

Seafood<br />

7%


Major Projects Update<br />

Copper-Gold and Base<br />

Metals


Olympic Dam – Copper-Gold-Uranium-Silver<br />

BHP Billiton<br />

Olympic Dam<br />

• 7 738 Mt at 0.87%Cu, 0.029% U 3 O 8 , 0.3 g/t Au and 1.61 g/t Ag<br />

• Gold only (non-sulfide) resource 117 Mt at 1.19g/t Au<br />

• Expansion Pre-Feasibility study continuing<br />

• Pre-Feasibility study proposed completion 2007<br />

• Full Feasibility study proposed completion 2008<br />

• Full production is set down for 2014<br />

• New 40 Mt pa Olympic Dam will have an approximate<br />

annual production of:<br />

- 500 000 t Cu<br />

- 15 000 t U 3 O 8<br />

- 500 000 oz Au<br />

- 2 091 000 oz Ag<br />

September 2007


Prominent Hill – Copper-Gold-Silver<br />

Oxiana<br />

Prominent Hill<br />

• Construction currently pre-stripping phase<br />

• $775 million project with initial mine life of 10 years<br />

• Mineral Resource 102.01 Mt @ 1.45% Cu, 0.51 g/t Au and 3.3 g/t Ag<br />

- Total contained metal 1.48 Mt Cu, 2.576 Moz Au and 11.68 Moz Ag<br />

• Ore Reserve 68.2 Mt @ 1.31% Cu, 0.59 g/t Au and 3.25 g/t Ag<br />

- Total contained metal 0.892 Mt Cu, 1.297 Moz Au and 7.132 Moz Ag<br />

• Annual production for first four years<br />

- 8 Mt of ore<br />

- 104 000 t Cu, 115 000 ozs Au and 400 000 ozs Ag<br />

• Employment<br />

- 1 000 during construction, 400 when in production<br />

• January 2007 drilling results indicate significant extension to ore body with high<br />

grade Cu and Au mineralisation up to 500 m below planned open pit<br />

• Best results include;<br />

- D276 – 28m @ 2.1% Cu and 0.6 g/t Au, 135 m @ 1.5% Cu and 1.0 g/t Au<br />

- D277 – 62m @ 1.45% Cu and 0.8 g/t Au<br />

September 2007


Carrapateena – Copper-Gold<br />

Teck Cominco / RMG Services<br />

Carrapateena<br />

• PACE funded discovery hole CAR002<br />

• Aggressive drilling program for 2007 approx. $11.6 m<br />

• Over 75 000m drilled including spectacular results:<br />

- Drillhole 50: 905m grading 2.1% Cu and 1.0 g/t Au<br />

incl. 191m grading 3.0% Cu and 0.9 g/t Au<br />

95m grading 3.3% Cu and 0.6 g/t Au<br />

• Presence of bornite and chalcopyrite indicate the presence of a potentially large Cu-<br />

Au system<br />

• IP resistivity surveys are ongoing as part of exploration program<br />

• MIMDAS survey completed over main target area<br />

• Metallurgical test work, resource modelling and environmental baseline studies<br />

continue<br />

September April 2007


Kalkaroo – Copper-Gold-Molybdenum<br />

Havilah Resources<br />

Kalkaroo<br />

• Copper-Gold-Molybdenum deposit<br />

• February 2007 Measured and Indicated Resource updated from 85 Mt to<br />

108 Mt (28% increase) combined copper, gold and molybdenum<br />

• Mineable resource of 85 Mt of 0.51 g/t Au and 0.45% Cu<br />

• $14m feasibility study (funded by Glencore International) to be completed by end 2008<br />

• Current objectives – resource definition and extension, metallugical studies<br />

• A deposit containing the equivalent of more than 100 Mt of 2g/t Au or over<br />

6 Moz of gold equivalent is envisaged<br />

• Deposit remains open in both directions and down dip<br />

September 2007


Kanmantoo – Copper-Gold<br />

Hillgrove Resources<br />

Kanmantoo<br />

• Significant new high grade Cu–Au zones intersected;<br />

- Main Zone 84m @ 1.34% Cu (inc. 17m @ 2.11% Cu)<br />

- North East Zone 16m @ 4.34% Cu (inc. 4m @ 6.49% Cu)<br />

- O’Neil Zone 11m @ 2.05% Cu and 6.47 g/t Au (inc. 7m @ 2.3% Cu and 10.15 g/t Au)<br />

- <strong>South</strong> East Zone 22m @ 1.51% Cu (inc. 13m @ 2.09% Cu)<br />

- Eastern Zone 20m @ 1.13% Cu (inc. 6 m @ 2.16% Cu)<br />

• Definitive feasibility study expected completion September 2007, production targeted<br />

for 2009<br />

• Current resource 33.44 Mt @ 0.9% Cu and 0.2 g/t Au containing 290 000 t of Cu and 216<br />

900 oz Au<br />

• Estimated annual production: 2 Mtpa of ore for 19 000t Cu, 6 000oz Au and<br />

113 000 oz Ag<br />

• Economically enhanced by high garnet grades in host rock<br />

September 2007


Mutooroo – Copper-Cobalt<br />

Havilah Resources / Heilongjiang Resources<br />

Mutooroo<br />

• Current Resource 11.5 Mt @ 1.1% Cu and 0.1% Co<br />

• Drilling results indicate wide sulphide zone within potential resource<br />

- Best results include 27m @ 1.75% Cu and 0.22% Co<br />

• Feasibility study due for completion late 2007<br />

- Aiming for annual production of 20 000t Cu and 2 000t Co<br />

• Application for mining lease submitted<br />

• Potential to be <strong>Australia</strong>’s largest cobalt producer<br />

September April 2007


Major Projects Update<br />

Gold<br />

April 2007


Challenger Mine – Gold<br />

Dominion Mining<br />

Challenger<br />

• Significant upgrade to resource announced June 2007 – contained commodity now<br />

exceeds 1 Moz (1.09 Moz) inc. 512 000oz reserve and additional resource of 544 000 oz<br />

of gold<br />

• New resource substantially increases the life of the mine to more than five years and<br />

contains 280 000oz above and adjacent to the existing decline which can be accessed<br />

with minimal capital expenditure<br />

• Gold Production 2006–07, 108 191 ounces at an average cost of $309/oz, Dominion<br />

expects annual gold production for 2007–08 to be greater than 100 000 oz pa<br />

• Exploration continues with best drill intersections for June quarter 2007:<br />

- 2.5m at 257.29 g/t Au<br />

- 3.75m @ 169.54 g/t Au<br />

• Continued good drilling results are expected to lead to a resource upgrade to be<br />

announced in December 2007. When combined with investigations underway to<br />

upgrade the processing mill, Dominion has hopes that future production may reach<br />

125–130 000oz pa<br />

September 2007


White Dam – Gold<br />

Exco Resources<br />

White Dam<br />

• Total Indicated and Inferred Resource 7.4 Mt with a gold grade of 1.09 g/t containing<br />

258 600 ozs Au<br />

• Potential for a further 1 Mt of ore to be added to resource from drilling at White Dam<br />

and nearby Vertigo prospect<br />

• Planned to open cut and heap leach treat approximately 4.3 Mt oxidised<br />

ore @ 1.25 g/t Au containing 115 000 ozs Au<br />

• Mine life of 2–3 years based on planned throughput 2 Mt pa<br />

• Current work activities:<br />

- Sourcing adequate water supply<br />

- Native title agreements<br />

September 2007


Tunkillia – Gold<br />

Minotaur Exploration / Helix Resources<br />

Tunkillia<br />

• Total oxide resource of 5.7Mt at 1.3 g/t Au<br />

• Total primary resource of 8.6Mt at 2.1g/t Au and 5.7 g/t Ag<br />

• Total primary and oxide mineralisation of 800 000oz Au and 1.6Moz Ag<br />

• Oxide mineralisation is tabular, flat lying, and generally in sharp contact with an<br />

underlying sub-vertical vein-related primary mineralisation<br />

• Drilling results from outside mineralised zone include:<br />

- LEAC 209, 13m at 6.2g/t Au from 38m and<br />

3m at 16.2 g/t Au from 54m<br />

- LEAC 240, 10m at 8.3g/t Au from 51m<br />

- LEAC 244, 11m at 3.3g/t Au from 42m<br />

- LEAC 261, 18m at 3.3g/t Au from 37m<br />

• Pit optimisation study in progress<br />

September 2007


Portia – Gold<br />

Havilah Resources/Glencore International<br />

Portia<br />

• Coarse gold in high grade base of Tertiary layer overlying bedrock gold<br />

mineralisation that remains open at depth<br />

• New method of assaying has overcome coarse gold sampling problems<br />

• Mining Lease application for proposed trial open pit<br />

• Diamond drillhole - PTDD 206: 56m at 4 g/t Au, incl. 6m (at base of Tertiary) at 7.7g/t<br />

Au<br />

• PTAC 191: 26m at 15.4 g/t Au (aircore)<br />

• PTAC 193: 13m at 33.5 g/t Au (aircore)<br />

September April 2007


Eyre Peninsula – Gold<br />

Adelaide Resources<br />

Eyre Peninsula<br />

• Prior exploration discovered gold mineralisation at Barns, White Tank and Baggy<br />

Green prospects<br />

• New drilling program commenced<br />

• Will test targets delineated by IP resistivity surveys conducted in 2005 in the<br />

immediate vicinity of Baggy Green and west of Barns<br />

• Drilling partly funded through the PACE collaborative drilling program<br />

September 2007


Angas – Zinc<br />

Terramin <strong>Australia</strong><br />

Angas<br />

• Indicated resource estimated at 3.04 Mt grading 8.0% Zn, 3.1% Pb, 33 g/t Ag, 0.5 g/t Au<br />

and 0.3% Cu with mineralisation averaging around 7 m in thickness in the main<br />

Rankine orebody<br />

• Annual ore throughput when fully operational is expected to ramp up to<br />

400 000 t, producing at peak 65 000 t of Zn and 16 000 t of Ag-Pb concentrate<br />

respectively<br />

• Construction of portal complete, tunnelling of decline to access zinc orebody in<br />

progress<br />

• Plant construction to commence in October 2007 with commissioning in July 2008<br />

• First concentrates scheduled for August 2008<br />

• Sempra Metals and Concentrate Corp have signed off take agreements for the life of<br />

the mine<br />

September 2007


Major Projects Update<br />

Heavy Mineral Sand<br />

September 2007


Mindarie Mine – Heavy Mineral Sands<br />

<strong>Australia</strong>n Zircon<br />

Mindarie<br />

• Construction phase, first product dispatched from Mindarie rail export facility<br />

October 2007<br />

• Measured and Indicated Resources of 171 Mt containing 3.2% HMS<br />

(Mine Resource 44.7 Mt @ 3.6%)<br />

• Current planned mine life in excess of 14 years<br />

• Mining Operation to treat 3–4 Mt ore pa producing 150 000 t of HM concentrate<br />

containing:<br />

- 30 000 t zircon<br />

- 6 000 t rutile<br />

- 4 000 t leucoxene<br />

- 60 000 t ilmenite<br />

September 2007


Jacinth / Ambrosia – Heavy Mineral Sands<br />

Iluka Resources<br />

Heavy Mineral Sands Jacinth/Ambrosia<br />

• Jacinth/Ambrosia – Total resource ~9.2 Mt, average HM grade 4.3%, average zircon<br />

content 48%, over 4.4 Mt zircon<br />

• Definitive feasibility study due for completion mid 2008<br />

• Subject to approvals, indicative timeframe for production is mid 2010<br />

• Additional resource - Tripitaka<br />

- straddles ELs - Iluka(100%) and Colona JV (Iluka and Adelaide Resources)<br />

- 1 Mt HM grade 2.4% average zircon assemblage 65%, ~650 000t zircon<br />

- pre-feasibility study commenced<br />

• In principal Native Title agreement that will deliver employment, training and<br />

business development benefits for the Aboriginal community together with programs<br />

to protect Aboriginal heritage<br />

• Other rich prospects in the region include Typhoon and Gullivers<br />

September 2007


Major Projects Update<br />

Iron Ore<br />

September 2007


Project Magnet – Iron (Magnetite)<br />

OneSteel<br />

Project Magnet<br />

• Construction phase conversion of the Whyalla Steelworks from haematite to<br />

magnetite feed, and exporting haematite<br />

• Cost $390m<br />

• Capital works program expected completion mid 2007<br />

• Extend operations from 2020 to at least 2027<br />

• 60 Mt haematite/magnetite proven ore reserves<br />

• Sell over the next 10 years:<br />

- 30 Mt of haematite ore<br />

- 3.2 Mt of iron pellets<br />

- approximately 1 Mt of steel slab<br />

• Revenues in excess of $1b over 10 years<br />

September 2007


Peculiar Knob – Iron Ore (haematite)<br />

Western Plains Resources<br />

Peculiar Knob<br />

• Total resource estimate of 19.4 Mt averaging 63.7% Fe<br />

• High grade specular haematite low levels of impurities<br />

• Feasibility study commenced December 2006<br />

• Additional resource - Buzzard deposit at nearby Hawks Nest project,<br />

6.7Mt 60%Fe<br />

• Anticipated 2 Mtpa from Peculiar Knob alone, or 3Mtpa combined project for a mine life<br />

of up to 10 years<br />

• Ore would be direct shipped via the nearby Adelaide-Darwin railway<br />

September 2007


Cairn Hill – Iron(magnetite)-Copper-Gold<br />

Goldstream Mining<br />

Iron(magnetite)-Copper-Gold Cairn Hill September 2007<br />

• Coarse grained magnetite/copper-gold orebody<br />

• Total resource for initial pit area and eastern pit extension (diluted)<br />

- 15.2 Mt at 48.1% Fe, 0.28% Cu, 0.09 g/t Au<br />

• Feasibility study underway to evaluate two options:<br />

- On-site production of 1.4 Mtpa magnetite concentrate, 4500 t Cu and<br />

5500 oz of Au (metallurgical testwork completed for processing options )<br />

- Direct shipment of 2.5 Mt pa for processing in China<br />

• First shipment aimed for 2008<br />

• Initial pit area to cover western most 800m of a well defined 18km magnetic anomaly to<br />

be drill tested later in 2007<br />

April 2007


Wilgerup – Iron (Haematite)<br />

Centrex Metals<br />

Wilgerup<br />

• Hematite rich banded iron formation<br />

• JORC compliant Indicated Resource 8 Mt grading 59.8% Fe, 3.3% SiO 2 , 2.3%, Al 2 O 3 ,<br />

0.48% P (based on Iron cut-off of 55%)<br />

• Additional resources<br />

- Inferred Resource of 1.1 Mt massive hematite<br />

- 3.2 Mt of hematite clay and hematite carbonate<br />

• Mine design, economic modelling and ore scheduling studies in progress<br />

• 12 300 m of drilling completed to February 2007<br />

• Currently drilling additional 6 000m targetting gravity anomalies<br />

September April 2007


Major Projects Update<br />

Uranium<br />

September 2007


Beverley Mine – Uranium<br />

Heathgate Resources<br />

Beverley<br />

• Largest in-situ leach (ISL) mine in the world<br />

• 2006 U 3 O 8 production 976 t<br />

• Exploration continued in the east and south of mineral lease included:<br />

- Extensive drilling program coupled with induced polarisation/resistivity survey<br />

- High definition seismic survey south of the lease<br />

• The $5m exploration program has been successful in all areas<br />

September 2007


Four Mile West – Uranium<br />

Quasar Resources / Alliance Resources<br />

Four Mile West<br />

• Discovered 2005 north of the Beverley Uranium Mine<br />

• Initial resource Four Mile West – 3.9 Mt @ 0.37% U 3 O 8 (15 000 t or 32 Mlbs)<br />

• Mineralisation extends over 1.2km strike length and is typically high grade, 1% or<br />

greater U 3 O 8<br />

• Preliminary results from 32 holes, July 2007 (PFN logging, pU 3 O 8 ):<br />

- 5.4 m grading 0.85% eU 3 O 8<br />

- 4.5 m grading 0.47% eU 3 O 8<br />

- 1.2 m grading 1.1% eU 3 O 8<br />

- 2.5 m grading 0.9% eU 3 O 8<br />

- 2.6 m grading 0.6% eU 3 O 8<br />

• Mineral claim pegging has commenced in prep. for Mining Lease applications<br />

September 2007


Honeymoon – Uranium<br />

Uranium One<br />

Honeymoon<br />

• Current mineral resource ~ 1.2 Mt at an average grade of 0.24% containing 2 900t<br />

(6.5 Mlb) U 3 O 8 for annual production of 400t (880 000 lb) U 3 O 8<br />

• Project well into final approvals phase<br />

• Construction of in situ leach uranium mine (est. capital cost $53 m) progressing with<br />

a new design using pulse columns being finalised<br />

• Production scheduled for 2 nd quarter 2008<br />

September 2007


Crocker Well / Mt Victoria – Uranium<br />

PepinNini Minerals/Sinosteel<br />

Crockers Well<br />

• Hard rock uranium prospect<br />

• 1970–80s – Feasibility Study first completed<br />

• March 2006 – Scoping Study completed<br />

• February 2007 – Agreement finalised between PepinNini Minerals and Sinosteel Co.<br />

with an aim to form Joint Venture by mid 2007<br />

• Crocker Well uranium field – six deposits containing a resource of 14.85 Mlbs of U 3 O 8<br />

with an Inferred JORC compliant resource of 12.5 Mt @ 0.5 kg/t (0.05%) U 3 O 8<br />

• Mt Victoria – Inferred JORC compliant resource of 250 000 t @ 1.6 kg/t (0.16%) U 3 O 8<br />

• Impending Feasibility Study to include<br />

- Upgrade of current resource<br />

- Improved uranium ore recovery rate<br />

- Refinement of geological, mining and processing models<br />

September 2007


Radium Hill – Uranium<br />

Havilah Resources<br />

Radium Hill<br />

• <strong>Australia</strong>’s first hard rock uranium mine<br />

• 1954–1961 — Radium Hill mine produced approximately 1150 t of uranium with 954<br />

000 t of davidite ore mined for an average grade of 1.2 kg/t U 3 O 8<br />

• First systematic exploration for hard rock uranium mineralisation in the region since<br />

the closure of the Radium Hill mine more than 45 years ago<br />

• 2007 exploration to focus on<br />

- surface sampling of davidite<br />

- trenching to examine alteration minerals in host rocks along strike<br />

- drilling<br />

• Good potential for new discoveries using ultra-detailed airborne radiometric and<br />

magnetic surveys and shallow RC drilling<br />

September 2007


Warrior – Uranium<br />

Toro Energy / Stellar Resources<br />

Warrior<br />

• Kingoonya Palaeochannel system<br />

• Non-JORC Inferred Resource of 4000 t with an average U 3 O 8 grade of 0.034% (1980’s)<br />

• 251 drillhole program completed June quarter 2007, these results indicate significant<br />

area of continuous mineralisation in the northern Area A. New assay results up to<br />

0.05% compiled with previous drilling assays up to 0.09% U 3 O 8<br />

• Mineralisation occurs at a depth of 26–30m below surface within carbonaceous<br />

sediments associated with a redox zone<br />

• Range River and Stellar Resources JV’s and Access agreement in place<br />

• Further drilling to evaluate mineralisation scheduled for late 2007<br />

September 2007


Gould’s Dam – Uranium<br />

Uranium One<br />

Goulds Dam<br />

• 75 km west of Honeymoon<br />

• An under-explored prospect within the Billeroo palaeochannel<br />

• Non-JORC compliant inferred resource of 2300 t U 3 O 8 @ 0.149%<br />

• 2007 Program – 15 000 m rotary mud drilling expected to commence April<br />

• Pre-Feasibility and feasibility studies possibly completed in 2–3 years<br />

• Production commencement expected to coincide with completion of production at<br />

Honeymoon<br />

September 2007


Oban – Uranium<br />

Curnamona Energy<br />

Oban<br />

• Sand-hosted uranium mineralisation<br />

• Like Beverley and Honeymoon, Oban is coarse-grained sandy aquifer amenable to<br />

in-situ leach (ISL) extraction<br />

• 2006 drilling produced numerous economically significant uranium intersections,<br />

mineralisation up to 6.5 m thick and grades up to 0.44% eU 3 O 8<br />

• Mineral claim pegged with intention to commence field leach trials<br />

• Following a successful trial<br />

- Obtain Mineral Lease<br />

- Upgrade of trial treatment plant to full scale operation<br />

September 2007


Mount Gee – Uranium<br />

Marathon Resources<br />

Mount Gee<br />

Hard-rock uranium deposit - Paralana Mineral System<br />

Resource of 42. Mt at 0.063% U 3 O 8 for ~31 200 t U 3 O 8 (300ppm cut-off)<br />

Down-hole gamma logging results<br />

RC07MN041 – 36m – 43m for 7m @ 0.10% e U 3 O 8<br />

RC07MN041 – 52m – 60m for 8m @ 0.10% e U 3 O 8<br />

RC07MN051 – 119m – 140 m for 21m @ 0.07% U 3 O 8<br />

RC07MN057 – 23m – 39m for 16m @ 0.10% e U 3 O 8<br />

including 30m – 37m for 7m @ 0.14% e U 3 O 8<br />

Proposed mining method - underground<br />

September 2007

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!