South Australia - SA Explorers
South Australia - SA Explorers
South Australia - SA Explorers
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<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