Up & Coming Geoscientists - a sample of our AIG Honours Bursary Recipients
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<strong>AIG</strong> News • No 123 • February 2016<br />
<strong>Up</strong> & <strong>Coming</strong> <strong>Geoscientists</strong><br />
- a <strong>sample</strong> <strong>of</strong> <strong>our</strong> <strong>AIG</strong> Hon<strong>our</strong>s<br />
<strong>Bursary</strong> <strong>Recipients</strong><br />
Inside this <strong>AIG</strong> News...<br />
From Y<strong>our</strong> President: Our land abounds in nature’s gifts • Institute News •Membership <strong>Up</strong>dates • Registered Pr<strong>of</strong>essional<br />
<strong>Geoscientists</strong> Applications • Geoscientist Employment in Australia Continues its Slide • Geologists in the age <strong>of</strong> commodity<br />
turmoil • <strong>Up</strong>coming Events • Sequence Stratigraphic Analysis <strong>of</strong> the Epsilon Formation, Merrimelia Ridge, Cooper Basin –<br />
South Australia • Origin <strong>of</strong> ladder dykes and associated rocks, Ravenswood: Implication <strong>of</strong> Magmatic Evolution •<br />
Fluid inclusion and trace element study <strong>of</strong> stockwork quartz at the Red Mountain porphyry copper deposit • 4: Seven<br />
Wonders <strong>of</strong> the Hydrogeological World - Iconic Blue Lake • Industry – Academic Research Projects: The Good, The Bad<br />
and The Ugly • VALMIN CODE 2015: What has changed and why? • Geologists Are Highly Biased—How to take Business<br />
Advantage <strong>of</strong> this Bias • Events Calendar • And much more...<br />
ISSN 0812-6089 · ISBN 1 876118 47 4
AMC Specialist Technical<br />
Workshops<br />
January – December 2016<br />
AMC Consultants (AMC) is a leading independent mining consultancy, providing services exclusively to the minerals sector. We are<br />
pleased to announce dates for <strong>our</strong> specialist technical career development workshops. Participants on all workshops will receive a<br />
bound, full-col<strong>our</strong> workshop manual. AMC can also run these workshops in-house and tailor them for y<strong>our</strong> specific needs.<br />
Discounts are available for participants who attend several workshops in the same week (March, June, August, November).<br />
JORC 2012—Complying with the Code in the<br />
Reporting Environment<br />
Brisbane: 2 March, 22 June, 24 August, 16 November<br />
Presenters: Peter Stoker and Mark Berry<br />
This half-day workshop will present the fundamental<br />
requirements <strong>of</strong> the JORC Code, including new and changed<br />
provisions adopted in 2012. Examples <strong>of</strong> compliant and<br />
non-compliant reports will be reviewed, including case studies.<br />
This workshop is designed for existing and intending<br />
Competent Persons and management staff at all levels.<br />
Lessons Learnt from Auditing Mineral<br />
Res<strong>our</strong>ce Estimates<br />
Brisbane: 3 March, 23 June, 25 August, 17 November<br />
Hong Kong: 4 April (in conjunction with Mines and Money)<br />
Presenters: Peter Stoker and Mark Berry<br />
This one-day workshop will present key learnings from AMC’s<br />
extensive international audits <strong>of</strong> mineral res<strong>our</strong>ce estimates. It<br />
is designed to provide new and senior geological staff with<br />
insights into best practice and common problems. Topics<br />
covered will include drill programme design and drilling,<br />
surveying, <strong>sample</strong> preparation and analytical techniques,<br />
logging and related processes, geological interpretation and<br />
domaining, geostatistics, estimation, classification, reporting,<br />
QA/QC processes, and data management.<br />
Preparing Appropriate Inputs for Robust<br />
Grade Estimation<br />
Brisbane: 29 February, 20 June, 22 August, 14 November<br />
Presenter: Alex Virisheff<br />
This one-day workshop will present fundamental considerations<br />
and understandings in preparing information as inputs for<br />
completing a mineral res<strong>our</strong>ce estimate. It is designed to provide<br />
guidance on addressing issues associated with data inputs to<br />
grade estimates and grade estimation tasks.<br />
Delivering High-quality Grade Estimates<br />
Brisbane: 1 March, 21 June, 23 August, 15 November<br />
Presenter: Alex Virisheff<br />
This one-day workshop will present fundamental<br />
considerations and understandings in carrying out grade<br />
estimation in completing a mineral res<strong>our</strong>ce estimate. It is<br />
designed to provide guidance on setting grade estimation<br />
parameters, selecting grade estimation methods, and<br />
completing validation <strong>of</strong> grade estimates.<br />
Assessment <strong>of</strong> Geological Uncertainty in<br />
Mining and Management <strong>of</strong> Risk<br />
Brisbane: 4 March, 24 June, 26 August, 18 November<br />
Presenter: Mark Berry<br />
This one-day workshop will identify and assess the s<strong>our</strong>ces<br />
<strong>of</strong> geological uncertainty that feed into mineral res<strong>our</strong>ce<br />
and ore reserve estimates, with implications from pit to<br />
port. Case studies and a range <strong>of</strong> risk management<br />
strategies will be presented. This workshop is designed for<br />
geologists, engineers, metallurgists, and management staff<br />
at all levels.<br />
Excellence in Mineral Res<strong>our</strong>ces Estimation<br />
Brisbane: 23–27 May, 17–21 October<br />
Presenters: Peter Stoker, Mark Berry, Alex Virisheff,<br />
Brian Hall, and other industry specialists<br />
This five-day workshop provides geologists with a<br />
comprehensive review <strong>of</strong> all inputs into res<strong>our</strong>ce estimation,<br />
from data collection to reporting. Case studies are used<br />
extensively to illustrate and reinforce concepts. The workshop<br />
is presented by AMC principal consultants, supplemented by<br />
guest presentations covering topics such as <strong>sample</strong><br />
preparation and analysis issues.<br />
Register online at www.amcconsultants.com/training<br />
For more information, contact: Alana Philips: (T) +61 7 3230 9000 (E) bristraining@amcconsultants.com<br />
www.amcconsultants.com<br />
AMC — the business <strong>of</strong> mining<br />
2 <strong>AIG</strong> NEWS Issue 123 · February 2016
Inside this <strong>AIG</strong> news...<br />
4 From Y<strong>our</strong> President: Our land abounds in nature’s gifts<br />
7 Institute News<br />
15<br />
Snippets<br />
NSW Branch Report<br />
Tasmania Branch Report<br />
Education News<br />
14 Membership <strong>Up</strong>dates<br />
30<br />
14 Registered Pr<strong>of</strong>essional <strong>Geoscientists</strong> Applications<br />
15 Geoscientist Employment in Australia Continues its Slide<br />
20 Geologists in the age <strong>of</strong> commodity turmoil<br />
Contents<br />
22 <strong>Up</strong>coming Events<br />
24 Student articles<br />
32<br />
Sequence Stratigraphic Analysis <strong>of</strong> the Epsilon Formation,<br />
Merrimelia Ridge, Cooper Basin – South Australia<br />
Origin <strong>of</strong> ladder dykes and associated rocks, Ravenswood:<br />
Implication <strong>of</strong> Magmatic Evolution<br />
Fluid inclusion and trace element study <strong>of</strong> stockwork quartz at the<br />
Red Mountain porphyry copper deposit<br />
30 4: Seven Wonders <strong>of</strong> the Hydrogeological World - Iconic Blue Lake<br />
32 Industry – Academic Research Projects: The Good, The Bad and The Ugly<br />
42<br />
Cover photo:<br />
Jordan Mill in Uluru, NT - a field trip with the<br />
Australian School <strong>of</strong> Petroleum (University <strong>of</strong><br />
Adelaide).<br />
38 VALMIN CODE 2015: What has changed and why?<br />
42 Geologists Are Highly Biased—How to take Business Advantage <strong>of</strong> this Bias<br />
49 Events Calendar<br />
50 <strong>AIG</strong> Council & <strong>AIG</strong> News<br />
<strong>AIG</strong> Secretariat<br />
Contact: Doug Wiles<br />
Ph: (02) 9431 8662<br />
Fax: (02) 9431 8677<br />
Email: aig@aig.org.au<br />
The Association Specialists (TAS)<br />
PO Box 576<br />
Crows Nest NSW 1585<br />
Australia<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 3
From Y<strong>our</strong> President<br />
Wayne Spilsbury<br />
President’s Report<br />
Our land abounds in nature’s gifts<br />
Just when you thought it couldn’t<br />
get worse – it has. <strong>AIG</strong>’s latest<br />
Employment Survey has shown a<br />
further increase in unemployment (18.7%)<br />
and further deterioration in underemployment<br />
Federal Government<br />
Exploration Development Incentive (EDI):<br />
a creative use <strong>of</strong> tax deductions where<br />
investors deduct a proportion <strong>of</strong> a company’s<br />
eligible exploration expenditure against<br />
<strong>of</strong> 800Mt at 0.8% copper and 0.3g/t gold).<br />
Pace 2020 follows on from the successful<br />
$30.9 million PACE initiative launched in 2004<br />
with a further $10.2 million funding.<br />
(23.4%) amongst geoscientists. It seems<br />
almost flippant to say but “Hang in there”;<br />
it will and must get better. The world’s<br />
population keeps increasing by 3% per year<br />
and each new generation wants more and<br />
better stuff than the last and all stuff has to be<br />
made from natural res<strong>our</strong>ces.<br />
For un(der)employed members this is an<br />
opportune time to upgrade skills and expand<br />
y<strong>our</strong> pr<strong>of</strong>essional network for the inevitable<br />
turnaround. All state Branches are <strong>of</strong>fering<br />
unemployed members discounted rates for<br />
Pr<strong>of</strong>essional Development events or you can<br />
take advantage <strong>of</strong> <strong>our</strong> group discount for<br />
Edumine c<strong>our</strong>ses.<br />
In the depth <strong>of</strong> this unprecedented<br />
downturn in the minerals industry it’s easy to<br />
get despondent and blame <strong>our</strong> governments,<br />
blame NGOs, blame China etc. But let’s focus<br />
on the good; as <strong>our</strong> anthem notes nature has<br />
blessed Australia with the gift <strong>of</strong> tremendous<br />
mineral wealth that contributes more than<br />
10 percent to <strong>our</strong> gross domestic product<br />
and employs more than 300,000 Australians.<br />
While we will continue to press the States and<br />
Federal government to expedite the long and<br />
non-productive process <strong>of</strong> securing access<br />
to land, we should also acknowledge the<br />
assistance they are providing:<br />
their personal taxable income. 84 mineral<br />
exploration companies qualified in the<br />
first year <strong>of</strong> operation <strong>of</strong> the programme.<br />
Their shareholders will be able to claim<br />
accumulated tax <strong>of</strong>fsets <strong>of</strong> $21 million when<br />
lodging their next returns. A further $35<br />
million and S40 million will be available in<br />
2015/16 and 2016/17 respectively.<br />
The Research and Development Incentive:<br />
The Research and Development Incentive:<br />
the current R&D Tax Incentive (capped at<br />
$100 million/yr) gives some innovative junior<br />
miners access to the 45 percent refundable<br />
R&D tax <strong>of</strong>fset. The line between eligible core<br />
R&D activities and exploration exclusions is a<br />
fine one and companies are advised to seek<br />
advice from one <strong>of</strong> the big f<strong>our</strong> accounting<br />
firms or a specialists tax advisor in preparing<br />
their application.<br />
South Australia<br />
Plan for Accelerating Exploration (PACE<br />
2020): SA was the first state to create a<br />
co-funded drilling programme where successful<br />
applicants received up to 50 % <strong>of</strong> the direct<br />
drilling costs, to a maximum <strong>of</strong> $100,000.<br />
Their biggest success was the Carrapateena<br />
discovery (Indicated and Inferred Res<strong>our</strong>ces<br />
The Geoscientist Assistance Program (GAP):<br />
is a collaboration between the Department<br />
<strong>of</strong> State Development, PACE and the South<br />
Australian Chamber <strong>of</strong> Mines and Energy. The<br />
GAP places skilled and graduate geoscientists<br />
into work placements through a salary<br />
subsidy scheme and contributes up to $1000<br />
towards site readiness training e.g. First Aid,<br />
4WD training etc.<br />
Western Australia<br />
Exploration Incentive Scheme (EIS):<br />
has co-funded mineral exploration drilling to<br />
the tune <strong>of</strong> $39.4 million for more than 590<br />
greenfields projects since it began in 2009.<br />
WA has committed a further $10 million per<br />
year to the scheme to June 2017. The Nova<br />
discovery (Mineral Res<strong>our</strong>ce 14.3Mt grading<br />
2.3% nickel, 0.9% copper and 0.08% cobalt)<br />
was in part facilitated by EIS funding.<br />
Mining Legislation Amendment Bill 2015:<br />
many low-impact exploration activities which<br />
present minimal environmental risk or impact,<br />
would soon become eligible for immediate<br />
approval in non-environmentally sensitive areas.<br />
4<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Queensland<br />
Minister for Natural Res<strong>our</strong>ces and Mines<br />
has announced a 50% reduction over the<br />
next two years in the expenditure that an<br />
explorer is required to commit under their<br />
Northern Territory<br />
Creating Opportunities for Res<strong>our</strong>ce<br />
Exploration (CORE): a $3.95 million<br />
initiative which focusses on acquiring new<br />
precompetitive geoscience information as<br />
<strong>AIG</strong> has 6 members on the VALMIN<br />
Committee. They have worked hard to<br />
complete the VALMIN Code (2015 Edition)<br />
which became effective on 30 January 2016<br />
and becomes mandatory from 1 July 2016.<br />
President’s Report<br />
mineral exploration permit (excluding coal).<br />
well as industry collaborative grants for 50%<br />
To access the new Valmin Code go to<br />
Also a dedicated Res<strong>our</strong>ces Investment<br />
<strong>of</strong> costs (up to $100,000) for exploration in<br />
http://www.valmin.org/docs/VALMIN_<br />
Commissioner has been appointed to<br />
unexplored/greenfields areas.<br />
Code_2015_final.pdf<br />
assist mineral explorers compete for<br />
My final note, according to Wikipedia, 3 April<br />
investment capital.<br />
Tasmania<br />
is Geologists Day “… a pr<strong>of</strong>essional holiday<br />
Western Tasmanian Geoscience Initiative:<br />
<strong>of</strong> geologists, hydrogeologists, engineering<br />
New South Wales<br />
Mineral Res<strong>our</strong>ces Tasmania doesn’t have<br />
geologists, geophysicists and geochemists. It<br />
New Frontiers Cooperative Drilling:<br />
the funds to co-fund drilling but is continuing<br />
is traditionally celebrated on the first Sunday<br />
enc<strong>our</strong>ages exploration drilling in greenfields<br />
to collect precompetitive geoscientific<br />
<strong>of</strong> April. … established by decree <strong>of</strong> the<br />
areas that will test new geological ideas and<br />
information, in order to enhance the<br />
Presidium <strong>of</strong> the Supreme Soviet on March 31,<br />
models in regions covered by significant<br />
prospectivity <strong>of</strong> under-explored areas primarily<br />
1966 to commemorate the achievements <strong>of</strong><br />
cover. The program will fund 50% - 100% <strong>of</strong><br />
in Western Tasmania.<br />
Soviet geologists after discovery <strong>of</strong> the West<br />
drilling metre-rate costs, with a maximum<br />
“I’m from government and I’m here to help<br />
Siberian petroleum province.” Na zdorovie!<br />
<strong>of</strong> $200,000 awarded per project. The<br />
you” actually rings true for mineral explorers!<br />
total government allocation for Round 2 <strong>of</strong><br />
I recently queried the WA Department<br />
Cooperative Drilling will be $2 million in<br />
<strong>of</strong> Mines and Petroleum about Annual<br />
2016-2017.<br />
Operations Reports – expenditure on mining<br />
tenements (aka “Form 5”). I don’t know<br />
Wayne Spilsbury<br />
Victoria<br />
the reporting requirements in other States<br />
President<br />
TARGET Minerals Exploration Initiative:<br />
but here in WA anyone can author a Form<br />
provides $11.7 million (over f<strong>our</strong> years), to<br />
5 report. It seems to me that a report to<br />
companies for co-funded minerals exploration<br />
government detailing exploration activity<br />
programs. The TARGET Area for Round 1<br />
should be authored by a pr<strong>of</strong>essional<br />
(2016) is the Stavely Province for base metals<br />
geoscientist bound by an enforceable<br />
and/or gold.<br />
Code <strong>of</strong> Ethics (i.e. an <strong>AIG</strong> member). Such<br />
a requirement could provide consulting<br />
geoscientists with new clients amongst the<br />
junior explorers who lack pr<strong>of</strong>essional staff.<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 5
Res<strong>our</strong>ces advisory, consulting<br />
and training services group<br />
OPTIRO 2016 Pr<strong>of</strong>essional Development C<strong>our</strong>ses:<br />
using real-life data-sets<br />
The Optiro c<strong>our</strong>ses give you the knowledge, skills and tools to<br />
confidently and efficiently work on y<strong>our</strong> own.<br />
We believe that the best way for you to learn, is to take you step-by-step through the<br />
processes - using real-life data sets - to ensure you gain the practical experience you<br />
need to immediately put what you have learned into practice when back at work.<br />
Each training-day has an 8PD HOURS AusIMM rating.<br />
Essential Excel Skills for Geologists<br />
key tips, tricks, tools and templates to save you time and effort – and make y<strong>our</strong> work look great!<br />
Sampling Theory and Best Practice<br />
understanding the key issues - how to optimise the frequency, size and the nature <strong>of</strong> the <strong>sample</strong>, and quantifying the<br />
errors associated with the <strong>sample</strong>. Practice <strong>of</strong> how the <strong>sample</strong> is taken, delimited, reduced, transported and prepared;<br />
and the theory <strong>of</strong> how to measure the errors associated with <strong>our</strong> sampling protocols, and to optimise those protocols.<br />
Getting The Most Out <strong>of</strong> QAQC Data<br />
covers the QAQC life cycle: planning types and frequencies <strong>of</strong> QAQC data to be collected; mechanics <strong>of</strong> collecting,<br />
transporting and submitting <strong>sample</strong>s; analyses for systematic and trending errors; what is and<br />
what isn’t a failure; making changes in the res<strong>our</strong>ce database.<br />
Reconciliation - getting it right the first time<br />
all aspects <strong>of</strong> reconciliation process, including key data to be collected, importance <strong>of</strong> unbiased<br />
measurement <strong>of</strong> volumes, tonnages and grades (among other metrics). How to map out the production data flow<br />
and discuss the important measures <strong>of</strong> performance – using real-life data.<br />
16 May<br />
15 August<br />
7 November<br />
12 December<br />
17 May<br />
16 August<br />
8 November<br />
13 December<br />
18-19 May<br />
17-18 August<br />
9-10 November<br />
14-15 December<br />
20 May<br />
19 August<br />
11 November<br />
16 December<br />
PERTH<br />
PERTH<br />
PERTH<br />
PERTH<br />
Res<strong>our</strong>ce Estimation and Evaluation<br />
uses a real-life data set to cover the entire res<strong>our</strong>ce estimation and evaluation cycle and its requirements - from data<br />
collection and quality assurance through to classification. The 5th day <strong>of</strong> the c<strong>our</strong>se consolidates all that you have<br />
learned by taking you step-by-step through a check-list <strong>of</strong> the res<strong>our</strong>ce estimation and evaluation processes, and<br />
gives you the opportunity to bring y<strong>our</strong> own data along to discuss and get advice on.<br />
Recoverable Res<strong>our</strong>ces: getting to the High Grade<br />
demystifies and solves one <strong>of</strong> the great paradoxes <strong>of</strong> project evaluation – how to do more with less information. How<br />
to assess the recoverable res<strong>our</strong>ces for project valuation when the relative drill spacing does not provide sufficient<br />
coverage for the direct estimation into small blocks or selective mining units (SMU) required at the production stage.<br />
Report Writing for Geologists and Engineers<br />
how to plan y<strong>our</strong> document; write y<strong>our</strong> summaries and conclusions; the essential grammar rules; styles and<br />
formatting; key features and time-saving tips in Word; how to review y<strong>our</strong> document and review others’ documents;<br />
how to write the references, abbreviations, acronyms, glossaries and the appendixes; and how to achieve y<strong>our</strong><br />
objective <strong>of</strong> writing an accurate report that grabs y<strong>our</strong> readers’ attention!<br />
Mining & Geology Fundamentals for Non-Miners<br />
this c<strong>our</strong>se has been designed for non-miners working, investing, financing or associated with the mining industry –<br />
who need to understand the key fundamentals about the mine cycle, from exploration through to mine closure.<br />
Understanding Mineral Processing – metallurgy fundamentals for non-metallurgists<br />
this c<strong>our</strong>se has been designed for engineers, geologists, mineralogists, environmental scientists, plant operators,<br />
marketers, financial advisors and anyone who either deals with mineral processing or needs a better understanding<br />
<strong>of</strong> the principles <strong>of</strong> extractive metallurgy. It gives an overview <strong>of</strong> mineral processing – from how metal is geologically<br />
detected, extracted from rocks and minerals to the final metal product.<br />
Surpac Geology Fundamentals<br />
this c<strong>our</strong>se uses a real-life data-set to cover the basics <strong>of</strong> using Surpac as a geologist. You learn about the<br />
fundamental concepts <strong>of</strong> Surpac’s interface, graphics environment, geology database, string files, DTM surfaces,<br />
solids modelling (wireframing), block modelling and macros.<br />
Res<strong>our</strong>ce Estimation and Evaluation with Surpac<br />
this c<strong>our</strong>se uses a real-life data-set to cover the res<strong>our</strong>ce evaluation cycle and its requirements - from data collection<br />
and quality assurance through to classification, using Surpac. All attendees receive a free copy <strong>of</strong> Optiro’s OREpack<br />
Declus Optimiser, and FREE 30 day trial <strong>of</strong> one <strong>of</strong> these OREpack modules: Kriging Neighb<strong>our</strong>hood Analysis;<br />
Localised Uniform Conditioning; Drillhole Spacing Optimiser; or Estimation Manager. Bring y<strong>our</strong> data and Rowdy will<br />
set it up to ensure you’re able to use the modules by the end <strong>of</strong> the c<strong>our</strong>se.<br />
14-18 March<br />
30 May - 3 June<br />
5-9 September<br />
28 Nov - 2 Dec<br />
21-22 March<br />
6-7 June<br />
12-13 September<br />
23 March<br />
29 July<br />
14 September<br />
14 November<br />
5 December<br />
28 April<br />
16 June<br />
8 September<br />
3 November<br />
6 December<br />
29 April<br />
17 June<br />
9 September<br />
4 November<br />
7 December<br />
20 June<br />
21 November<br />
21-24 June<br />
22-25 November<br />
PERTH<br />
PERTH<br />
PERTH<br />
PERTH<br />
PERTH<br />
PERTH<br />
PERTH<br />
You can register online at:<br />
www.optiro.com/training-and-mentoring/<br />
ON-SITE TRAINING: All <strong>our</strong> c<strong>our</strong>ses are available as On-site training. Please<br />
contact Optiro’s Training Manager Diana Titren for further information or a quote<br />
TEL: +61 (0)8 9215 0000 | Email: dtitren@optiro.com or training@optiro.com<br />
www.optiro.com<br />
6 <strong>AIG</strong> NEWS Issue 123 · February 2016
3<br />
Institute News Snippets<br />
NORTHERN TERRITORY GEOLOGICAL SURVEY<br />
AGES2016<br />
ANNUAL GEOSCIENCE EXPLORATION SEMINAR<br />
15–16 March 2016, Alice Springs Convention Centre, Northern Territory<br />
The Territory’s premier<br />
exploration event<br />
Northern Territory<br />
Held over two days (15-16 March) in Alice<br />
The Territory continues to <strong>of</strong>fer outstanding opportunities for<br />
both minerals and petroleum explorers. Major investment in new<br />
geoscience data from the Northern Territory Geological Survey Springs, AGES has a mix <strong>of</strong> Government<br />
Geological Survey<br />
and its partners under the Creating Opportunities for Res<strong>our</strong>ce<br />
Exploration (CORE) initiative, is providing exciting insights and into industry presentations, and range <strong>of</strong><br />
the untapped potential <strong>of</strong> under-explored areas in the Territory.<br />
(NTGS)’s Annual networking events that are attended by most<br />
Join us in Alice Springs on 15–16th March 2016 for the 17th Annual<br />
Exploration Seminar (AGES), where a mix <strong>of</strong> NTGS and<br />
companies active in exploration in the NT. In<br />
industry presentations will showcase the rich minerals and petroleum<br />
Geoscience<br />
potential <strong>of</strong> the Northern Territory. AGES is a technical conference<br />
2016, there will be technical presentations<br />
that presents a unique opportunity for you to access the latest in fresh<br />
exploration ideas and geoscientific data from the Territory and to<br />
network with colleagues who share an interest in the discovery and on recent exploration highlights from<br />
Exploration<br />
development <strong>of</strong> the Territory’s minerals and oil and gas res<strong>our</strong>ces.<br />
Around 220 people attended the event in 2015.<br />
companies including Teck Australia, Santos,<br />
Newmont, Pangaea Res<strong>our</strong>ces, Independence<br />
Seminar AGES 2016<br />
Seminar highlights<br />
The Northern ALICE Territory SPRINGS Geological SEMINAR Survey<br />
(NTGS)’s Annual Geoscience Exploration<br />
Seminar (AGES) is a technical event targeted<br />
at geoscientists with an interest in the<br />
exploration industry in the Northern Territory.<br />
Group, Newmarket Gold, Origin Energy, KGL<br />
Res<strong>our</strong>ces and Emmerson Res<strong>our</strong>ces, as<br />
well as the release <strong>of</strong> new pre-competitive<br />
geoscience from NTGS under the CORE<br />
initiative, and presentations from GA, CSIRO<br />
and CODES. Whether you are already<br />
exploring in the Northern Territory, seeking<br />
new exploration opportunities, or looking<br />
to network and make contacts in the NT<br />
exploration sector, AGES is the only event<br />
where the NT’s minerals and petroleum<br />
explorers are all in one place. Cost <strong>of</strong><br />
registration for the two days is only $390. For<br />
more information visit www.ages.nt.gov.au.<br />
• first release <strong>of</strong> interpreted seismic data across the<br />
Tennant Creek mineral field<br />
• the latest information new geoscience and<br />
exploration success for shale gas in the Beetaloo<br />
<strong>AIG</strong>’s National Graduate<br />
Sub-basin<br />
• technical updates on successful exploration programs<br />
and<br />
Committee<br />
new discoveries from across<br />
Needs<br />
the Territory<br />
Y<strong>our</strong><br />
for<br />
Help VALMIN<br />
copper, zinc, gold, oil and gas and more<br />
• new <strong>AIG</strong>’s concepts National Graduate stratigraphy, Committee basin architecture is asking and members and<br />
For more<br />
mineral fertility <strong>of</strong> the Amadeus Basin<br />
friends to share their experiences gained when establishing<br />
• dedicated session on the McArthur Basin including information<br />
Code<br />
the their release careers <strong>of</strong> new and geoscience working as and an shale early geochemistry<br />
career geoscientist. Visit www.ages.nt.gov.au;<br />
datasets, discussion <strong>of</strong> geophysical techniques for<br />
phone (08) 8999 released<br />
5313<br />
exploration, A short and survey release has <strong>of</strong> been an expanded developed 3D which model aims that to collect or email ages@nt.gov.au<br />
includes the McArthur Group and equivalents<br />
information on:<br />
Hosted by the<br />
• results <strong>of</strong> recent mapping and copper mineral systems NT Geological (2015 Survey Edition)<br />
studies in the Arunta Region<br />
• what advice do you wish you were given during y<strong>our</strong> Department <strong>of</strong> Mines and Energy<br />
• practical information to assist you with issues such as Supported by<br />
land access, early titles career? and accessing geoscience data<br />
Department <strong>of</strong> Business After an extensive review process,<br />
• the AGES dinner – the premier networking and social<br />
event • for what the NT was exploration the best piece industry <strong>of</strong> advice you received?<br />
the VALMIN Committee announces the new VALMIN Code<br />
AGES also • what incorporates issues/traits the Mining do Services you believe Expo – are a showcase evident in recent<br />
(2015 Edition) has now been approved by AusIMM and <strong>AIG</strong>.<br />
<strong>of</strong> Northern Territory businesses and their capabilities to support y<strong>our</strong><br />
exploration students and mining and ventures. graduates that should be addressed?<br />
The 2015 Edition <strong>of</strong> the VALMIN Code is available at<br />
Preface<br />
VALMIN Code, 2015 Edition<br />
The Australasian Code for the Public Reporting <strong>of</strong> Technical Assessments and Valuations <strong>of</strong> Mineral Assets (VALMIN Code) has been<br />
prepared by the VALMIN Committee, a joint commi tee <strong>of</strong> The Australasian Institute <strong>of</strong> Mining and Meta lurgy (AusIMM) and the<br />
Australian Institute <strong>of</strong> <strong>Geoscientists</strong> (<strong>AIG</strong>), with the participation <strong>of</strong> the Minerals Council <strong>of</strong> Australia (MCA) and other key stakeholder<br />
representatives.<br />
There have been three previous versions <strong>of</strong> the VALMIN Code, the first applicable from 1 July, 1995, the second applicable from 1<br />
April, 1998 and the third applicable from 29 April 2005. The Minerals Industry Consultants Association (MICA) was a member <strong>of</strong> the<br />
joint committee and a major contributor to earlier Codes.<br />
The VALMIN Code provides a set <strong>of</strong> fundamental principles (Competence, Materiality and Transparency), mandatory requirements<br />
and supporting recommendations accepted as representing good pr<strong>of</strong>essional practice to assist in the preparation <strong>of</strong> relevant Public<br />
Reports on any Technical Assessment or Valuation <strong>of</strong> Mineral Assets. It is a companion to the Australasian Code for Reporting <strong>of</strong><br />
Exploration Results, Mineral Res<strong>our</strong>ces and Ore Reserves (JORC Code). The VALMIN Code provides guidance on ma ters that may<br />
be subjec to Australian regulations, other provisions <strong>of</strong> law and the published policies and guidance <strong>of</strong> the Australian Securities and<br />
Investments Commission (ASIC) and the Listing Rules <strong>of</strong> the Australian Securities Exchange (ASX) or <strong>of</strong> other relevant securities<br />
exchanges.<br />
The VALMIN Code is wri ten from a Minerals perspective and uses terminology consistent with the JORC Code.<br />
AUSTRALASIAN CODE FOR PUBLIC REPORTING<br />
OF TECHNICAL ASSESSMENTS AND VALUATIONS<br />
OF MINERAL ASSETS<br />
Terminology<br />
Definitions <strong>of</strong> introductory terms are listed at the end <strong>of</strong> the VALMIN Code. Definitions that are associated with the VALMIN Code’s<br />
fundamental principles and minimum requirements are incorporated in the text and are printed in bold text.<br />
The word ‘must’ denotes a VALMIN Code requirement that is mandatory.<br />
The words ‘should’ and ‘may’ indicate that discretion can be used depending on the particular circumstances <strong>of</strong> a Public Report and<br />
providing that the VALMIN Code’s fundamental principles are not transgressed.<br />
Defined terms are capitalised.<br />
Guidelines are in italics.<br />
The singular includes the plural and vice versa.<br />
THE VALMIN CODE<br />
Petroleum<br />
The VALMIN Code is suggested as a guide to good practice for Public Reporting <strong>of</strong> technical assessments and valuations <strong>of</strong><br />
Petroleum Assets. The reader is referred to Chapter 5 <strong>of</strong> the ASX Listing Rules fo requirements on reporting <strong>of</strong> Petroleum assets in<br />
Australia.<br />
Disclaimer<br />
2015 EDITION<br />
The VALMIN Code does not constitute legal advice and may not consider a l ma ters relevan to the preparation <strong>of</strong> a Public Report. It<br />
is the responsibility <strong>of</strong> Practitioners to determine their legal obligations in relation to the preparation <strong>of</strong> a Public Report and to seek<br />
legal advice when necessary.<br />
Note: Procedural and mandatory items are in normal typeface, with the word ‘must’ in bold;<br />
guideline items are in boxes and italics and those definitions incorporated in the text <strong>of</strong> the Code are in bold.<br />
Effective 30 January 2016<br />
Mandatory for AusIMM and <strong>AIG</strong> members from 1 July 2016<br />
Prepared by The VALMIN Committee, a joint committee <strong>of</strong> the Australasian<br />
Institute <strong>of</strong> Mining and Metallurgy and the Australian Institute <strong>of</strong> <strong>Geoscientists</strong><br />
Institute News<br />
• what do you look for when seeking to employ a graduate<br />
geoscientist?<br />
• what advice can you <strong>of</strong>fer to those wanting to survive<br />
the ‘busts’ and thrive in the ‘booms’?<br />
• what are some <strong>of</strong> the most useful things you learnt<br />
during y<strong>our</strong> time at university studying geoscience?<br />
• what have you loved most about y<strong>our</strong> career and what<br />
job during that j<strong>our</strong>ney has been the highlight and why?<br />
www.valmin.org/docs/VALMIN_Code_2015_final.pdf<br />
The VALMIN Code (2015 Edition) will be effective from 30 January<br />
2016 and becomes mandatory for AusIMM and <strong>AIG</strong> members from 1<br />
July 2016.<br />
During the transition period <strong>of</strong> 30 January to 30 June 2016,<br />
Public Reports are able to be published in accordance with either the<br />
2005 or new 2015 Edition <strong>of</strong> the VALMIN Code –all Public Reports<br />
published in this period should clearly state which version <strong>of</strong> the Code<br />
has been applied.<br />
Survey contributions will be used to shape the National Graduate<br />
Committee’s work and <strong>AIG</strong>’s mentoring programme. The survey<br />
is available at https://www.surveymonkey.com/r/R9BX77J<br />
To read more, please refer to the full article here<br />
www.aig.org.au/valmin-code-2015-edition-released<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 7
PACE<br />
Copper<br />
The time is right<br />
for South Australia<br />
to deliver a<br />
new precompetitive<br />
geoscientific initiative<br />
NEW<br />
DISCOVERIES<br />
4th ARGA Conference<br />
a great success<br />
Ken McQueen, IAE, University <strong>of</strong> Canberra<br />
The Australian Regolith<br />
<strong>Geoscientists</strong> Association<br />
recently held the 4th<br />
ARGA Conference at<br />
Thredbo in the Snowy<br />
Mountains from the<br />
7-11 February. ARGA<br />
was formed in 2009 as<br />
a legacy outcome <strong>of</strong> the<br />
Co-operative Research<br />
Centre for Landscape<br />
Environment and Mineral<br />
Exploration (CRC LEME).<br />
The Association holds<br />
$<br />
20<br />
MILLION<br />
INITIATIVE<br />
$<br />
400<br />
MILLION<br />
PRIVATE MINERAL<br />
EXPLORATION<br />
biennial conferences with themes related<br />
to regolith science (including geochemistry and mineral exploration),<br />
landscape evolution, soils, surficial geology and the environment.<br />
The 2016 conference attracted 28 participants from across Australia<br />
and was a very successful, boutique, user friendly scientific meeting.<br />
204744<br />
$<br />
20<br />
MILLION<br />
INVESTMENT<br />
20:1<br />
INVESTMENT<br />
RETURNS<br />
1000<br />
JOBS<br />
DIRECT &<br />
INDIRECT<br />
FUTURE<br />
and<br />
EMPLOYMENT<br />
COPPER<br />
RESOURCES<br />
WORLD’S LARGEST<br />
GEOPHYSICAL<br />
PROGRAM<br />
COLLABORATIVE<br />
DRILLING<br />
WORLD-CLASS DATA<br />
www.minerals.statedevelopment.sa.gov.au/geoscience/pace<br />
Activities included a 1 day pre-conference field trip to parts <strong>of</strong> the<br />
Monaro lava field led by Ian Roach and Jonathon Clarke. This trip<br />
examined volcanic features, weathering pr<strong>of</strong>iles, as well as gullying<br />
processes analogous to those discovered on Mars. There were two<br />
days <strong>of</strong> oral and poster presentations and the award <strong>of</strong> the Keith Scott<br />
Memorial Student Prize. A mid-conference field trip, led by Leah Moore<br />
highlighted glacial and peri-glacial features around the Kosciuszko<br />
track. Leah also led a one day post-conference field trip to Charlottes<br />
Pass and Blue Lake. The proceedings <strong>of</strong> the Conference can be<br />
downloaded from the ARGA website at http://regolith.org.au/<br />
Anyone with an interest in regolith-related science or landscape<br />
evolution is welcome to join ARGA. Membership fees are very<br />
reasonable at $1 and anyone who attends the biennial conference gets<br />
free membership! Contact secretary@regolith.org or check the<br />
ARGA website.<br />
For the latest news,<br />
updates & events<br />
aig.org.au<br />
8 <strong>AIG</strong> NEWS Issue 123 · February 2016
Making a Difference in<br />
Geoscience Education<br />
Earth Science Western Australia is making<br />
a difference to the teaching <strong>of</strong> Earth and<br />
Environmental Science in Western Australia.<br />
In 2015, 1957 educators, 442 schools, 7304<br />
students engaged with ESWA (this includes<br />
requested repeat visits).<br />
Visit http://tinyurl.com/zuh52cy to view<br />
ESWA’s latest newsletter featuring articles on:<br />
• Enthusiasm for Earth and Environmental<br />
Science!<br />
• Primary Australian Literacy Mathematics<br />
& Science Program<br />
• Woodside Australian Science Project<br />
• Reports from the Field – Bunbury<br />
Catholic College in Kalgoorlie and<br />
Rossmoyne SHS Heads to Fremantle<br />
Roy Woodall named AGC’s Inaugural<br />
National Geoscience Champion<br />
Australian Geoscience Council recognises Roy Woodall with inaugural National Geoscience<br />
Champion award.<br />
In recognition <strong>of</strong> his contribution to geoscience in Australia, Roy Woodall AO FAusIMM<br />
has been unanimously elected as the inaugural National Geoscience Champion by the<br />
Australian Geoscience Council (AGC).<br />
Roy Woodall’s scientific approach to exploration contributed to many significant ore<br />
discoveries in Australia. Discoveries include the Kambalda nickel field (1966), uranium at<br />
Yeelirrie (1971), the Olympic Dam copper-gold-uranium deposit (1975), the St Ives gold field<br />
(1980), the East Spar oil-condensate field (1993), plus contributions to many others.<br />
Roy set high scientific standards for the recording <strong>of</strong> scientific data, using the best<br />
equipment and analytical facilities available at the time, leaving a significant legacy <strong>of</strong><br />
scientific methodologies and successes. Roy’s standard <strong>of</strong> training and mentorship <strong>of</strong> other<br />
geoscientists has advanced the capabilities <strong>of</strong> Australia’s mining and exploration industries<br />
and the development <strong>of</strong> <strong>our</strong> nation.<br />
Recognition <strong>of</strong> Roy Woodall AO FAusIMM as a National Geoscience Champion is<br />
made by the AGC on behalf <strong>of</strong> its eight member organisations, representing over 8,000<br />
geoscientists in Australia. This prestigious hon<strong>our</strong> will be accorded to living geoscientists<br />
for contributions to the science, craft and art <strong>of</strong> geoscience by way <strong>of</strong> their technical,<br />
leadership, mentoring and collegial endeav<strong>our</strong>s.<br />
Institute News<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 9
NSW<br />
NSW Branch Report<br />
Verity Borthwick<br />
Institute News<br />
The NSW Branch <strong>of</strong> the <strong>AIG</strong> is active in<br />
organising events during the year. These<br />
include one day seminars, student information<br />
nights and the fabulous bi-annual Mines and<br />
Wines Conference, as well as joint events with<br />
other societies.<br />
The NSW Branch <strong>of</strong> the <strong>AIG</strong>, in collaboration<br />
with the local state branches <strong>of</strong> the GSA and<br />
the ASEG, is co-sponsoring a c<strong>our</strong>se entitled<br />
Geophysics for the Mineral Exploration<br />
Geoscientist, presented by UWA Pr<strong>of</strong>essor<br />
Mike Dentith. The c<strong>our</strong>se is based on the<br />
recently published award-winning textbook<br />
<strong>of</strong> the same name, written by Pr<strong>of</strong>essor<br />
Dentith and well known minerals consultant<br />
Roger Smyth-King and Kim Stanton-Cook<br />
Steve Mudge, and will be held at the Rugby<br />
Club in the Sydney CBD from 16 and<br />
17 February 2016. Fees are especially<br />
attractive for members who are unemployed/<br />
underemployed, postgraduate students and<br />
early career geoscientists.<br />
This short c<strong>our</strong>se provides a state-<strong>of</strong>-the art<br />
overview <strong>of</strong> geophysical exploration methods<br />
without rec<strong>our</strong>se to complex mathematical<br />
descriptions. It includes descriptions <strong>of</strong> all the<br />
main geophysical methods used in mineral<br />
exploration, including gravity, magnetic,<br />
electrical, electromagnetic methods. C<strong>our</strong>se<br />
participants are guided through the basic<br />
physical phenomena, the acquisition and<br />
processing <strong>of</strong> geophysical data, to the<br />
creation <strong>of</strong> subsurface models and their<br />
geological interpretation, with many local and<br />
international case studies.<br />
The NSW branch also has a number <strong>of</strong><br />
other workshops in the pipeline including<br />
career support for geoscientists looking for<br />
a job and a core logging c<strong>our</strong>se that will be<br />
held at the Londonderry Drillcore Library most<br />
probably in the 2nd quarter <strong>of</strong> 2016.<br />
We also take a leading role in organising<br />
Mines and Wines Conference every two years.<br />
The latest Mines and Wines conference was<br />
held in September last year, in Queanbeyan<br />
and was a fantastic event with the theme<br />
‘Uncorking the Tasmanides’. Planning for the<br />
next conference will begin this year, with the<br />
first committee meeting set for February.<br />
For those who couldn’t make it to the<br />
conference, the presentations are up on the<br />
SMEDG website (see below). So make sure to<br />
check them out!<br />
<strong>AIG</strong> NSW has a close association with<br />
SMEDG. SMEDG meetings are held on the<br />
last Thursday <strong>of</strong> the month at the Rugby Club.<br />
Gatherings are very informal with a free bar<br />
at the beginning, an interesting speaker and<br />
<strong>of</strong>ten dinner afterwards. For more details go<br />
to the SMEDG web site www.smedg.org.au<br />
and scroll down to “Join the SMEDG mailing<br />
list” to register for y<strong>our</strong> free membership.<br />
You will then receive an email once a month<br />
reminding you <strong>of</strong> the meeting and the topic.<br />
If you’re interested in giving a talk about<br />
mineral exploration please get in touch with<br />
the committee members (you can find their<br />
details on the SMEDG web site).<br />
SMEDG also hosts harb<strong>our</strong> cruises twice<br />
a year, which are always great events and<br />
an excellent opportunity to catch up with old<br />
10<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
“<br />
SMEDG meetings<br />
are held on the last<br />
Thursday <strong>of</strong> the month<br />
at the Rugby Club.”<br />
friends and network. The 2015 Christmas<br />
cruise held on the 18th <strong>of</strong> December was<br />
SMEDGers catching some sun out on the deck.” Rupert Osborn and Neil Rutherford<br />
Limited funding is available to provide<br />
NSW-based <strong>AIG</strong> members with opportunities<br />
i<br />
Institute News<br />
another great day out on the harb<strong>our</strong>, the<br />
weather was beautiful, the drinks were<br />
flowing, conversation was excellent and a<br />
good time was had by all.<br />
NSW <strong>AIG</strong> provides funding support for<br />
young and for unemployed geoscientists.<br />
to participate in pr<strong>of</strong>essionally organised<br />
geological field trips, conferences and c<strong>our</strong>ses<br />
(see the <strong>AIG</strong> web site under the Education tab,<br />
NSW <strong>AIG</strong> Support Fund).<br />
The branch committee continues<br />
to assist in the assessment <strong>of</strong><br />
applicants from NSW, seeking<br />
Registered Pr<strong>of</strong>essional Geoscientist<br />
status with the <strong>AIG</strong>.<br />
The NSW branch committee meets<br />
every two months in Sydney –<br />
visitors, guests, members and<br />
potential committee members<br />
are always welcome. If anyone is<br />
interested in joining the committee,<br />
or helping in any capacity they should<br />
contact any NSW branch committee<br />
member or email nsw@aig.org.au.<br />
In particular we are looking for young<br />
pr<strong>of</strong>essionals and graduates who<br />
might be interested in joining.<br />
Russell Meares and Dan Cronin<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 11
TAS<br />
Tasmania Branch Report<br />
Dr Alistair Reed<br />
Chairman<br />
Institute News<br />
Dear all,<br />
New Year’s Greetings from the <strong>AIG</strong>s newest<br />
branch.<br />
It was a busy final quarter to 2015. With<br />
the end <strong>of</strong> year fast approaching, an initial<br />
group <strong>of</strong> members met, subsequently formed<br />
a committee and over the next two months,<br />
outlined out what we hope will be the starting<br />
Dr Robert Findlay, Ben Jones, Shelley Greener, Dr Alistair Reed.<br />
point <strong>of</strong> a dynamic and productive state branch.<br />
The Tasmanian branch <strong>of</strong> the <strong>AIG</strong> aims to<br />
be a voice for members working or living in<br />
Tasmania. The committee are only too aware<br />
that residing in Tasmania is <strong>of</strong>ten seen as<br />
a hindrance by perspective employers. We<br />
will aim to try and reduce this view and to<br />
enc<strong>our</strong>age more companies and persons to<br />
look at Tasmania (and its geologists) to see<br />
the opportunities and benefits that they have.<br />
In line with this aim, one <strong>of</strong> the larger<br />
items <strong>of</strong> committee business has been the<br />
establishment <strong>of</strong> a timely and appropriate<br />
social calendar, suitable and reachable<br />
for <strong>our</strong> members. This would not only<br />
include a chance for members to catch up<br />
and network but also raise any issues. In<br />
time, the committee also plan to include<br />
Tasmanian hosted geoscience conferences<br />
and importantly, training and education<br />
opportunities for Tasmanian based geologists<br />
within the state, when and where the<br />
opportunities can be found.<br />
With this in mind and the 2016 year<br />
rapidly gaining pace, to kick-<strong>of</strong>f the social<br />
calendar the committee warmly invite all <strong>of</strong> its<br />
Tasmanian members (and anyone else who<br />
might be interested) to attend the first <strong>of</strong> <strong>our</strong><br />
events, the March ‘Geo Pub’ at the Shipwright<br />
Arms in Battery Point, Hobart on Thursday<br />
March 3rd from 5pm. Geo Pub is an informal<br />
atmosphere, where members can take a break,<br />
enjoy a beer and perhaps a spin a story or two.<br />
If you can’t make this one, Geo Pub will be<br />
held on the first Thursday <strong>of</strong> every month at<br />
the same time and venue. The committee are<br />
very keen to meet <strong>our</strong> members and importantly<br />
hear their views and gain their support.<br />
All events will be advertised on the <strong>AIG</strong><br />
state branch Tasmanian webpage and you<br />
can contact the committee by emailing<br />
tas@aig.org.au.<br />
Y<strong>our</strong>s faithfully<br />
Dr Alistair Reed - Chairman<br />
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12<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
EDU<br />
Education Report<br />
Kaylene Camuti<br />
Chair, <strong>AIG</strong> Education Committee<br />
This year’s <strong>AIG</strong> Student <strong>Bursary</strong> Program is underway and application<br />
forms will be distributed to students and universities in a few weeks.<br />
This year we will again be <strong>of</strong>fering bursaries to third year, hon<strong>our</strong>s and<br />
postgraduate geoscience students enrolled at Australian universities.<br />
A reminder that this year, as in previous years, the <strong>AIG</strong> is <strong>of</strong>fering<br />
bursaries to students working in all geoscience field, and is also<br />
<strong>of</strong>fering a number <strong>of</strong> sponsored bursaries to students working in<br />
specific fields <strong>of</strong> geoscience or geological terrains, or enrolled at<br />
specific universities. These bursaries on <strong>of</strong>fer include:<br />
• The <strong>AIG</strong> Third Year, Hon<strong>our</strong>s and Postgraduate Bursaries:<br />
<strong>of</strong>fered to geoscience students working in all fields <strong>of</strong> geoscience<br />
(sponsored by the <strong>AIG</strong> State Branches and Federal Council).<br />
• The Macquarie Arc Conference-GSNSW – <strong>AIG</strong> <strong>Bursary</strong>: <strong>of</strong>fered to<br />
geoscience students working on mapping-based hon<strong>our</strong>s projects<br />
in the Lachlan Orogen, in or around the Macquarie Arc.<br />
• The SMEDG – <strong>AIG</strong> Bursaries: <strong>of</strong>fered to NSW geoscience<br />
students working on projects related to mineral exploration.<br />
• The Davis – <strong>AIG</strong> Bursaries: <strong>of</strong>fered to geoscience students enrolled<br />
at JCU or UWA to assist with costs associated with field work.<br />
If you know any current geoscience students eligible for a bursary,<br />
please let them know about the <strong>AIG</strong> <strong>Bursary</strong> Program and enc<strong>our</strong>age<br />
them to apply for a 2016 bursary.<br />
<strong>AIG</strong> <strong>Bursary</strong> Sponsors –<br />
February 2016<br />
The <strong>AIG</strong> wishes to than the following individuals and<br />
organisations for their support <strong>of</strong> the<br />
Geoscience Student <strong>Bursary</strong> Program<br />
DIAMOND<br />
• CHRIS BONWICK<br />
Sponsoring the Bonwick-<strong>AIG</strong> Geoscience<br />
Student Bursaries<br />
• GEOFF DAVIS<br />
Sponsoring the Davis-<strong>AIG</strong> Geoscience Student Bursaries<br />
• MACQUARIE ARC CONFERENCE – GEOLOGICAL<br />
SURVEY NSW<br />
Sponsoring the Macquarie Arc Conference-<strong>AIG</strong><br />
Geoscience Student Bursaries<br />
• SYDNEY MINERAL EXPLORATION DISCUSSION GROUP<br />
Sponsoring the SMEDG-<strong>AIG</strong> Geoscience<br />
Student Bursaries<br />
PLATINUM<br />
• <strong>AIG</strong> STATE BRANCHES<br />
• ALEXANDER RESEARCH – JONATHAN BELL<br />
Sponsoring the Alexander Research-<strong>AIG</strong> Geoscience<br />
Student <strong>Bursary</strong><br />
• SA DEPARTMENT OF STATE DEVELOPMENT (DSD)<br />
Sponsoring the DSD-<strong>AIG</strong> Geoscience Student <strong>Bursary</strong><br />
GOLD<br />
• GNOMIC EXPLORATION SERVICES PTY LTD<br />
• TERRA SEARCH PTY LTD<br />
SILVER<br />
• CRYPTODOME PTY LTD<br />
Institute News<br />
BRONZE<br />
• DOUG YOUNG<br />
For more information on the Student <strong>Bursary</strong> Programme visit<br />
www.aig.org.au/education-training/student-bursary-programme<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 13
Membership <strong>Up</strong>date<br />
A warm welcome to <strong>AIG</strong>’s new members<br />
New/<strong>Up</strong>grades NOVEMBER 2015<br />
New/<strong>Up</strong>grades FEBRUARY 2016<br />
RPGeo Applications<br />
Membership <strong>Up</strong>dates<br />
Students<br />
Allan Rebecca Kate • Balis James • Cox Morgan •<br />
Cichosz Jacob Przemyslaw • Dempsey Dan •<br />
Dormer Ben • Elsley Matthew Stephen •<br />
Fitch Alex • Godfrey Jessica • Gray Kelly •<br />
Griffin Elliot • Kearney Lisa • Latta Marcus •<br />
Linkert Amy • Marosz Gabrielle • McWhirter Kirsten<br />
• Miller Michael • Morgan Zoe • Payten Bailey James<br />
• Potter Larissa Carmel • Potter Tamara •<br />
Pretorius Sion • Schmidt Olivia • Tobin Joanna •<br />
Vasconcelos Gomes Igor • Waddy Garricle •<br />
Whiting Timothy Michael<br />
Students<br />
Boateng Asamoah Obeng • Crepin Julia Ruby •<br />
Darvell Jade Alana • Fox Jack Thomas •<br />
Gregson Gail • Halloran Landon J.S. •<br />
Harmsworth Lewis • Hopkins Hayley-Jane •<br />
Jackson Jim • Lamsal Bijay • Madhoji Sunny •<br />
Mckelvey Sarah • Mclellan Brennan • Pereira Craig<br />
• Saxvik Alec Anthony<br />
GRADUATE<br />
Ageneau Mathieu Puthenpurayil • Beltan Mete •<br />
Garner Brendan • Greentree James •<br />
CANDIDATES APPROVED BY <strong>AIG</strong><br />
COUNCIL IN NOVEMBER, 2015<br />
Mr Ganzurkh Chuluunbaatar <strong>of</strong><br />
Ulaanbataar, Mongolia, in Coal.<br />
Mr Garry Straughton <strong>of</strong> St Leonards,<br />
NSW, in Hydrogeology.<br />
Mr Troy Crozier <strong>of</strong> Mt Colah, NSW, in<br />
Geotechnical and Engineering.<br />
Dr Mark Pirlo <strong>of</strong> Brisbane, Queensland,<br />
in Geochemistry.<br />
GRADUATE<br />
Harris Michael • Hetherington Michael •<br />
Jumeau Anthony • Klein Thomas Ian • Mackay-<br />
Mr Peter Caristo <strong>of</strong> The Gap, Queensland,<br />
in Mineral Exploration.<br />
Booth Jessica • Hill Richard Andrew •<br />
Scollay Ben • Oehlman Adam Alexander •<br />
Mr Scott McManus <strong>of</strong> Port Macquarie,<br />
McDonagh Genna Beth • Pugh Richard Tomos •<br />
Paul Matthew David • Primmer Matthew Wayne •<br />
NSW, in the further field <strong>of</strong> Mining.<br />
Thomas Matthew Charles • Wesby Tom Frederick<br />
Stokes Natalie Derek Reid • Tait Douglas Corinne<br />
MEMBERS<br />
MEMBER<br />
New Candidates Published<br />
for Peer Review by<br />
<strong>AIG</strong> Members<br />
Anderson Heath Clark • Azad Hemant • Bateman Jane<br />
Bax Danique • Begg Graham Selina Michelle •<br />
• Bilyarski Stoimen Dimitrov • Bramall Emma Louise •<br />
Du Jumin • Freeman David Francis • Garbuzov Ilya •<br />
Halford Derek Daniel • Harris Catherine Morag •<br />
Besir Deniz Cameron • Bremner Genevieve •<br />
Cairns Benjamin • Chapman Robert • Chubb Andrew<br />
• Davidson Mark • Diemar Glen • Doyle Christopher<br />
Ms Lauren Helm <strong>of</strong> Brisbane, Queensland,<br />
is seeking registration in the field <strong>of</strong><br />
Hydrogeology.<br />
Hope David Gregory • Jansen Nicholas Herbert •<br />
Johnson Benjamin Nigel • Littlewood Nathan Matthew<br />
• Lower Chantelle Suzanne • Mullan Darrena •<br />
Nigel • Durnev Pavel • Fraser Hamish Aaron •<br />
Froud Jason • Garrett Craig Andrew •<br />
Groves Lara Cheryl • Harvey Jane • Helm Lauren Cree<br />
Mr Kim Boundy <strong>of</strong> Narrabeen, New South<br />
Wales, is seeking registration in the field <strong>of</strong><br />
Mineral Exploration.<br />
Pariana Gina Ulpa • Park Julie Anna • Sinnott John<br />
• Huisman Danny • Ignacio Allan Maglaya •<br />
Mr Christopher Chamberlain <strong>of</strong> Mount<br />
Kenneth • Stannard David Linton • Thom James David<br />
• Toni David A • Walker Ricky Johnathan •<br />
Williams Jed • Wilton Dean Theodore • Yavi Robert M<br />
Jafarov Fizuli • Kabilo Pascal Lachlan •<br />
Latorre Alfonso • MacDonald Grant • Moore Leah<br />
Robert • Morgan Graeme • Mortimer Russell Neil •<br />
Cotton, Queensland, is seeking registration in<br />
the fields <strong>of</strong> Geotechnical and Engineering and<br />
Structural Geology.<br />
FELLOW<br />
Elliott Stanley Mark<br />
Morton Tracey Helen • Oonnunny John McRae •<br />
Paterson Andrew • Saganyuk Vladimir Bogdanovich •<br />
Sparrow Robert George • Stacpoole John •<br />
Uemoto Takeshi George • Usher Brent • Walker<br />
Mr John Stacpoole <strong>of</strong> Freshwater,<br />
Queensland, is seeking registration in the field<br />
<strong>of</strong> Geotechnical & Engineering.<br />
Robert McRae • West Simon • Winternitz Michael<br />
RETIRED<br />
Mutton Andrew • Turner Richard<br />
FELLOW<br />
Glacken Ian Martin<br />
14<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Geoscientist Employment in<br />
Australia Continues its Slide<br />
Andrew Waltho<br />
<strong>AIG</strong> Councillor, Australian Institute <strong>of</strong> <strong>Geoscientists</strong><br />
Employment prospects for Australia’s<br />
pr<strong>of</strong>essional geoscientists declined<br />
further in the last quarter <strong>of</strong> 2015<br />
according to the results <strong>of</strong> the latest,<br />
quarterly survey by the Australian Institute <strong>of</strong><br />
<strong>Geoscientists</strong> (<strong>AIG</strong>). At 31 December 2015,<br />
the unemployment rate amongst Australian<br />
Latest Employment Survey<br />
geoscientists was 18.7% and the underemployment<br />
rate was 23.4%. The combined<br />
unemployment and under-employment rate <strong>of</strong><br />
42.1% was the highest recorded since the <strong>AIG</strong><br />
surveys commenced in mid-2009.<br />
Less than 50% <strong>of</strong> self-employed<br />
geoscientists were able to secure more than<br />
one quarter <strong>of</strong> their desired workload, pointing<br />
to a real unemployment rate <strong>of</strong> 31.1%, also<br />
the highest rate recorded by the <strong>AIG</strong> surveys<br />
to date and more than 10% higher than at the<br />
peak <strong>of</strong> the global financial crisis <strong>of</strong> 2009.<br />
Geoscientist employment declined in<br />
every state, except NSW where it remained<br />
static, and Victoria where unemployment<br />
actually fell but under-employment increased.<br />
The greatest increase in unemployment<br />
was observed in Queensland, where<br />
unemployment and underemployment rates<br />
were more than 15% higher than those<br />
observed in September 2015, followed by<br />
South Australia.<br />
© ingimage.com<br />
Geoscientist unemployment and<br />
under-employment in Australia<br />
June 2009 – December 2015<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 15
Latest Employment Survey<br />
Geoscientist unemployment and underemployment by State<br />
Changes in geoscientist employment since the previous survey in<br />
September 2015<br />
“<br />
Almost 70% were<br />
not confident <strong>of</strong> regaining<br />
employment within the<br />
next 12 months ... ”<br />
Well over 40% <strong>of</strong> unemployed and<br />
underemployed geoscientists have been out<br />
<strong>of</strong> work, or unable to secure their desired level<br />
<strong>of</strong> work for more than 12 months, pointing<br />
to a growing pool <strong>of</strong> long-term unemployed<br />
in Australian geoscience. Almost 70% were<br />
not confident <strong>of</strong> regaining employment within<br />
the next 12 months and more than one in 20<br />
indicated that they were turning their backs<br />
on their chosen pr<strong>of</strong>ession due to the dire<br />
situation that has surrounded geoscientist<br />
employment in Australia for more than two<br />
and a half years.<br />
Sentiment amongst geoscientists currently<br />
in employment varied. Some 36% expressed<br />
confidence in maintaining their employment<br />
for the next 12 months, but 17% were not<br />
confident <strong>of</strong> retaining employment beyond the<br />
first quarter <strong>of</strong> 2016.<br />
The survey questionnaire was changed<br />
for the most recent survey to collect<br />
information on employment conditions<br />
and how unemployed and under-employed<br />
geoscientists were coping with the extended<br />
downturn in employment opportunities facing<br />
their pr<strong>of</strong>ession.<br />
Specialist res<strong>our</strong>ces advisory<br />
and consulting services group<br />
Our expertise and fresh thinking ensures<br />
strong sustainable relationships with <strong>our</strong><br />
clients<br />
TALK WITH CONFIDENCE TO OPTIRO TODAY<br />
WE LOOK FORWARD TO TALKING WITH YOU<br />
Paul Blackney: pblackney@optiro.com<br />
Christine Standing: cstanding@optiro.com<br />
Level 1, 16 Ord St, West Perth 6005<br />
T: +61 8 9215 0000<br />
www.optiro.com<br />
KRiGitt<br />
Warwick Nordin<br />
BSc (Hons), M<strong>AIG</strong><br />
Surpac, Vulcan, GEMS,<br />
MapInfo, Gridding,<br />
Micros<strong>of</strong>t Access.<br />
Data QAQC and compositing.<br />
warwick@geologist.com<br />
8 Romaine C<strong>our</strong>t, Mackay. Qld. 4740<br />
+61(0)7 49422905; 0475433550<br />
Linear Geostats<br />
Variography, block models.<br />
OK and ID 2 interpolation.<br />
Res<strong>our</strong>ce Categorisation.<br />
16<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Latest Employment Survey<br />
Unemployed and under-employed<br />
geoscientists were asked how they were<br />
coping with their current situation.<br />
Responses in the “Other” category included:<br />
• establishing new businesses to take<br />
advantage <strong>of</strong> an eventual upturn in<br />
Australia’s res<strong>our</strong>ce industries;<br />
• becoming a stay at home parent while<br />
their spouse worked;<br />
• living on superannuation or other<br />
savings;<br />
• reluctantly accepting early retirement;<br />
• working for free to maintain<br />
qualifications and broaden their<br />
experience;<br />
• leaving Australia to pursue opportunities<br />
overseas; and,<br />
• drafting case studies and papers for<br />
publication based on their experience.<br />
The employment crisis has also had an<br />
impact on the fields in which Australian<br />
geoscientists are employed, with mineral<br />
exploration feeling the greatest impact.<br />
More than 87% <strong>of</strong> Australia’s geoscientists<br />
currently in employment work as full-time<br />
employees. Survey respondents were asked<br />
whether their conditions <strong>of</strong> employment, in<br />
terms <strong>of</strong> salary, associated benefits, h<strong>our</strong>s<br />
<strong>of</strong> work etc., had improved, remained the<br />
same or deteriorated since September 2014.<br />
Some 16% <strong>of</strong> respondents considered their<br />
employment conditions to have improved,<br />
59% thought their conditions had remained<br />
the same, while the remainder reported that<br />
their conditions had deteriorated. These<br />
results are considered enc<strong>our</strong>aging from the<br />
point <strong>of</strong> view that the majority <strong>of</strong> employers<br />
are not seeking to use the difficult conditions<br />
facing Australia’s res<strong>our</strong>ce industries to<br />
reduce working conditions for their staff.<br />
The survey received just over 800<br />
responses, considered to be an excellent<br />
result that both provides a statistically robust<br />
<strong>sample</strong> <strong>of</strong> employment conditions and<br />
highlights the commitment <strong>of</strong> geoscientists to<br />
supporting their peers and pr<strong>of</strong>ession.<br />
How Australia’s geoscientists are coping with unemployment and under-employment<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 17
Latest Employment Survey<br />
“<br />
It’s pr<strong>of</strong>oundly troubling to see<br />
so many highly qualified, experienced,<br />
committed pr<strong>of</strong>essionals unable to<br />
apply their skills to contributing to<br />
Australia’s economic security”<br />
<strong>AIG</strong> President, Wayne Spilsbury, expressed<br />
disappointment but no surprise in the latest<br />
survey results. “It’s pr<strong>of</strong>oundly troubling to<br />
see so many highly qualified, experienced,<br />
committed pr<strong>of</strong>essionals unable to apply their<br />
skills to contributing to Australia’s economic<br />
security” Mr Spilsbury said. “The situation<br />
in mineral and energy res<strong>our</strong>ce exploration<br />
is particularly troubling as the prolonged<br />
downturn in the sector is damaging Australia’s<br />
exploration project pipeline”. “The low levels<br />
<strong>of</strong> geoscientist employment reflect low levels<br />
<strong>of</strong> exploration activity, which means that<br />
we are not making discoveries to maintain<br />
Australia’s res<strong>our</strong>ce inventory which now has<br />
potential to create gaps in critical mineral<br />
supplies in coming years” Mr Spilsbury said.<br />
“Discoveries do not turn into mines<br />
overnight”. “We’re not exploring now and<br />
the industry cannot be switched back on<br />
overnight, so we’re facing a real prospect<br />
<strong>of</strong> reduced development <strong>of</strong> new projects to<br />
support Australia’s economy and standard <strong>of</strong><br />
living into the latter half <strong>of</strong> the next decade”.<br />
“Its also very concerning that both the<br />
Federal and State governments are failing to<br />
act on important issues to enhance Australia’s<br />
ability to attract investment in exploration;<br />
most notably the time and expense <strong>of</strong><br />
securing access to land for exploration” Mr<br />
Spilsbury said.<br />
18<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Latest Employment Survey<br />
“There are a couple <strong>of</strong> cold, hard facts we<br />
Changes in fields <strong>of</strong> employment for Australian geoscientists 2014-2015<br />
need to recognise and deal with” Mr Spilsbury<br />
said. “When we talk about a geologist or<br />
geophysicist being unemployed in the<br />
exploration sector, we’re also talking about<br />
three or f<strong>our</strong> other Australians not having a<br />
job”. “We also cannot escape the fact that<br />
minerals are essential to <strong>our</strong> daily life, from<br />
generation <strong>of</strong> electricity by any means, to<br />
providing raw materials used to ensure <strong>our</strong><br />
future economic and social well-being”.<br />
“Australian geoscientists working in<br />
exploration and mining are demonstrably the<br />
best in the world when it comes to optimising<br />
res<strong>our</strong>ce utilisation and ensuring that<br />
production proceeds in an environmentally<br />
sustainable and responsible manner” M
Mining pr<strong>of</strong>essionals in today’s market<br />
Geologists in the age <strong>of</strong><br />
commodity turmoil<br />
Erik Ronald<br />
(Modified after originally published on LinkedIn on 19 Jan 16)<br />
Being a mining geologist, whether with<br />
a junior explorer, major producer, midtier<br />
or a private consultant, tends to<br />
be a challenge even when the global economy<br />
is firing on all cylinders. Unfortunately, the<br />
bad news keeps rolling in these days with the<br />
you stop and think about it, geologists should<br />
be one <strong>of</strong> the key roles kept in tight times as<br />
they have the unique skill set to truly add value<br />
to the company or operation. It’s the Mining<br />
Geologist’s role to help a business when<br />
prices plunge by optimising mining areas and<br />
pr<strong>of</strong>essional geologists at the executive level<br />
in mid- to major mining companies resulting<br />
in a de-emphasis <strong>of</strong> orebody knowledge<br />
in decision making and lack <strong>of</strong> mentoring<br />
opportunities for company geoscientists.<br />
On the first point, when browsing university<br />
recent article on Mining.com stating the U.S.<br />
is experiencing its worst year for mining since<br />
1986 (http://www.mining.com/2015-one<strong>of</strong>-the-worst-year-ever-for-us-mining-jobs/)<br />
and the AusIMM publishing their annual<br />
employment survey stating 20% <strong>of</strong> exploration<br />
geologists in Australia are currently<br />
unemployed (http://www.ausimm.com.au/<br />
Content/docs/policy/pep2015/emploment_<br />
survey_2015_full_report_20151007.pdf). So<br />
the facts are: jobs are scarce, commodities<br />
are in over-supply and investment is nonexistent.<br />
It’s certainly not a pretty picture for<br />
mining in 2016.<br />
Not to be too pessimistic, but geologists,<br />
especially exploration geologists, tend to be<br />
the first staff let go when times get tough. If<br />
grade to maximise NPV. It’s the Exploration<br />
Geologist’s role to ensure successful<br />
discovery and generate a robust project<br />
pipeline for future business development.<br />
It’s the Res<strong>our</strong>ce Geologist’s role to ensure<br />
grades, tonnages, and Mineral Res<strong>our</strong>ces are<br />
sound to allow for optimisation <strong>of</strong> the mine<br />
plan. So with that said, why are geologists the<br />
first to get the boot?<br />
There are likely some conspiracy theories<br />
out there (personally, I like The Brotherhood<br />
<strong>of</strong> Evil Mine Engineers theory) but the reality<br />
appears to come down to a few items: 1)<br />
Geologists are not trained to think in business<br />
terms, 2) they rarely have a true appreciation<br />
<strong>of</strong> how they contribute to the mining<br />
value-chain, and 3) there are not enough<br />
curriculum for a Bachelor’s or even Master’s<br />
in Geology, you’ll be hard-pressed to find an<br />
economics or management c<strong>our</strong>se. This is<br />
in stark contrast to most Mining Engineering<br />
programs let alone Business schools. Some<br />
may argue that Geology is a science therefore<br />
the c<strong>our</strong>ses need to be focused on the maths,<br />
chemistry, physics and upper-level geology<br />
c<strong>our</strong>ses, which is certainly true. Unfortunately<br />
as a result <strong>of</strong> the pure science requirements,<br />
there are a lot <strong>of</strong> very bright young geologists<br />
in industry who honestly don’t have a clue<br />
about business drivers, capital management,<br />
macro- and micro-economics nor a clear<br />
understanding <strong>of</strong> how a geologist directly<br />
impacts a company’s bottom line.<br />
To my second point, I find it the unfortunate<br />
exception when a mine geologist understands<br />
exactly how the geology <strong>of</strong> an ore deposit<br />
impacts saleable product and how it affects<br />
customers’ processes or end-products. This<br />
is true for coal, industrial minerals, iron ore<br />
and even in the base and precious metals<br />
world. Understanding and communicating<br />
the downstream impacts geology has on the<br />
value-chain can make or break a business<br />
when commodity prices fall and margins<br />
tighten. A base metals example would be<br />
the geologic understanding <strong>of</strong> a porphyry<br />
20<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
copper deposit in which small increases in<br />
anhydrite/gypsum or talc can have major<br />
detrimental effects on concentrate processing<br />
and flotation recoveries (added cost per unit).<br />
Additionally, the distribution <strong>of</strong> fluorine and<br />
arsenic in the orebody is critical in smelting as<br />
law and operations all hold equal voices in<br />
board-level discussions.<br />
In summary, I enc<strong>our</strong>age all the mining<br />
and exploration geologists out there to<br />
continue to excel in mineralogy, mapping,<br />
modelling, ore control and reporting, and<br />
appreciate this is y<strong>our</strong> expertise and why<br />
you were hired. But, without sound business<br />
understanding, market context and the ability<br />
to communicate the value you bring to y<strong>our</strong><br />
company, we’ll likely see a growing number <strong>of</strong><br />
geologists left on the sidelines until the next<br />
boom when the industry comes screaming<br />
for more discoveries. So go spend time at the<br />
mill with y<strong>our</strong> Mets, talk to the accountants,<br />
visit y<strong>our</strong> sales department, befriend y<strong>our</strong><br />
References cited:<br />
AusIMM, 2016, “The AusIMM Pr<strong>of</strong>essional<br />
Employment Survey Report 2015 – An Analysis<br />
<strong>of</strong> Pr<strong>of</strong>essional Employment in the Mineral<br />
Sector”, AusIMM, Oct., 2015.<br />
Mining pr<strong>of</strong>essionals in today’s market<br />
concentrations above a set threshold will yield<br />
business analyst, challenge management and<br />
Els, F., 2016, “The Worst year for mining in the<br />
incremental penalties (lost revenue) or product<br />
most importantly understand y<strong>our</strong> business.<br />
U.S. since 1986”, Mining.com, Jan. 2016<br />
rejection (more lost revenue and unhappy<br />
Hopefully we can help change this trend for<br />
Waltho, A. 2016, “Geoscientist Employment in<br />
customers). These deposit attributes can<br />
the better and come out the other side <strong>of</strong> this<br />
Australia Continues its Slide”, Australian Institute<br />
and should be clearly understood at the<br />
downturn a little wiser this time around.<br />
<strong>of</strong> <strong>Geoscientists</strong> (<strong>AIG</strong>) News, Feb. 2016.<br />
exploration and evaluation stage, not first<br />
realised after the ore enters the mill.<br />
Lastly, the lack <strong>of</strong> geoscientists at upper<br />
management levels across the industry is<br />
worrying to say the least. During the past<br />
boom, we witnessed numerous operational<br />
issues and acquisition errors that were likely<br />
understood by on-the-ground geologists but<br />
not effectively communicated to the ultimate<br />
decision-makers at the executive level. The<br />
lack <strong>of</strong> geological understanding at the<br />
executive and board-levels has resulted in the<br />
de-emphasis <strong>of</strong> geology in mining along with<br />
creation <strong>of</strong> a “chicken and the egg” scenario<br />
for future leaders. An increase in executivelevel<br />
mentors could assist junior or midcareer<br />
geologists navigate into management<br />
and potentially help balance the engineers<br />
and finance personnel which traditionally<br />
dominate leadership roles due to their better<br />
understanding <strong>of</strong> the business. I believe<br />
success in the mining game is achieved<br />
when a diverse set <strong>of</strong> experiences including<br />
geoscience, engineering, finance, corporate<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 21
<strong>Up</strong>coming events<br />
<strong>Up</strong>coming Events<br />
8-9 March 2016<br />
Adelaide, South Australia<br />
Project<br />
Evaluation<br />
2016<br />
Value From Exploration Geology<br />
Adelaide<br />
Wednesday 2 March, 12pm<br />
Historian Hotel, 18 Coromandel Pl<br />
ADELAIDE, SA<br />
Register Here<br />
Melb<strong>our</strong>ne<br />
Thursday 3 March, 12pm<br />
CQ Melb<strong>our</strong>ne, 113 Queen St<br />
MELBOURNE, VIC<br />
Register Here<br />
The AusIMM Geoscience Society and<br />
Special guest: Dr Julian Vearncombe<br />
<strong>AIG</strong> invite you to attend the Distinguished<br />
Adelaide Bendigo<br />
Wednesday 2 Thursday March, 312pm<br />
March, 7:00pm<br />
Historian Hotel, To 18 be confirmed Coromandel Pl<br />
BENDIGO, VIC<br />
ADELAIDE, SARegister Here<br />
Register Here<br />
Brisbane<br />
Monday 7 March, 4:15 for 4:30pm<br />
Melb<strong>our</strong>ne<br />
Royal on the Park, 152 Alice St<br />
Thursday 3 March, BRISBANE, 12pm QLD<br />
CQ Melb<strong>our</strong>ne, Register 113 Queen Here St<br />
MELBOURNE, VIC<br />
Townsville<br />
Register HereTuesday 8 March, 5:45 for 6pm<br />
Townsville Yacht Club, 1 Plume St<br />
TOWNSVILLE, QLD<br />
Bendigo<br />
Register Here<br />
Thursday 3 March, 7:00pm<br />
To be confirmed Cairns<br />
BENDIGO, VICThursday 10 March, 5:30pm<br />
Cairns Sheridan Hotel, 295 Sheridan St<br />
Register HereCAIRNS, QLD<br />
Brisbane<br />
Monday 7 March, 4:15 for 4:30pm<br />
Royal on the Park, 152 Alice St<br />
BRISBANE, QLD<br />
Register Here<br />
Lecture Series featuring guest speaker<br />
Dr Julian Vearncombe who will be<br />
Value from Exploration Geology<br />
Two things impact value, (1) the fundamentals <strong>of</strong> supply and demand, and (2)<br />
sentiment. Whilst messages given and received are not exactly the same as<br />
sentiment they feed <strong>of</strong>f each other. This thought provoking one-h<strong>our</strong> talk will<br />
examine some <strong>of</strong> the messages geologists send, and those that the exploration<br />
industry gives and receives. Discussion topics will include:<br />
presenting Value from Exploration Geology.<br />
The AusIMM’s Project Evaluation 2016 conference is presenting a<br />
• Brownfields gold cannot be Special distinguished guest: from green-fields Dr Julian gold. Vearncombe<br />
conference built around a theme <strong>of</strong> ‘Good Practice and Communication’.<br />
Two things impact value, • (1) Unrealistically the fundamentals large exploration targets <strong>of</strong> are supply doomed to and fail!<br />
This theme is intended to stimulate discussion around the importance <strong>of</strong><br />
demand, and (2) sentiment.<br />
• Value As<br />
Whilst<br />
an industry from messages<br />
we Exploration need to cease the<br />
given<br />
habit Geology<br />
<strong>of</strong><br />
and<br />
assessing<br />
received<br />
(gold) exploration as<br />
value-less.<br />
good practice for decision makers as either developers <strong>of</strong>, or investors in,<br />
Register Here<br />
are not exactly the same • as Two We sentiment must things increase impact the they intellectual value, feed (1) effort the <strong>of</strong>f in fundamentals exploration each other. <strong>of</strong> supply and demand, a<br />
mineral projects.<br />
Orange<br />
sentiment. Whilst messages given and received are not exactly the sam<br />
Monday 14 March, 7:00pm for 7:30pm<br />
Parkview Hotel, This 281 Summer thought St provoking one sentiment - h<strong>our</strong> they talk feed will <strong>of</strong>f examine each other. some This thought <strong>of</strong> provoking one-h<strong>our</strong> tal<br />
ORANGE, NSW<br />
Dr Julian Vearncombe is the Principal Consultant at SJS Res<strong>our</strong>ce<br />
Register Here<br />
Management. examine Julian some has <strong>of</strong> athe record messages <strong>of</strong> highly successful geologists exploration send, for and base those and that the exp<br />
www.projectevaluation2016.ausimm.com.au<br />
the messages geologists precious send, metals, and with those emphasis that the on quality exploration<br />
management decisions, target<br />
Cobar<br />
industry gives and receives. Discussion topics will include:<br />
i<br />
Townsville Wednesday 16 March, 6:30 for 7:pm<br />
generation, field structural geology, res<strong>our</strong>ce to reserve conversion, mine<br />
Cobar Bowling and Golf Club, Bloxham St<br />
Tuesday 8 March, 5:45 industry for 6pm gives and receives. geology and training. Julian brings expertise in executive and strategic<br />
COBAR, NSW<br />
management, • Brownfields public listing gold experience, cannot be capital distinguished raising, the identification from green-fields <strong>of</strong> key gold.<br />
Townsville Yacht Register Club, Here 1 Plume St<br />
TOWNSVILLE, QLD<br />
projects, technically-focused mineral exploration and res<strong>our</strong>ce evaluation. Julian<br />
Tullah • Adelaide | Wednesday has world-leading 2 March, expertise 12pm<br />
Register Here<br />
in the process and application <strong>of</strong> structural geology<br />
Monday 21 March<br />
• Unrealistically large exploration targets are doomed to fail!<br />
to mineral exploration. His experience encompasses all continents except<br />
TULLAH, TAS<br />
Cairns Registrations will open shortly. Historian Hotel, 18 Antarctica, Coromandel most commodity Pl types , ADELAIDE, and geological settings. SA<br />
Thursday 10 March, 5:30pm<br />
• As an industry we need to cease the habit <strong>of</strong> assessing (gold) explo<br />
Cairns Sheridan Hotel, 295 Sheridan St<br />
• Melb<strong>our</strong>ne | Thursday value-less. 3 March, 12pm<br />
CAIRNS, QLD<br />
Register Here<br />
CQ Melb<strong>our</strong>ne, 113 • Queen We must St, increase MELBOURNE, the intellectual VICeffort in exploration<br />
Orange<br />
Monday 14 March, 7:00pm for 7:30pm<br />
Proudly • supported Bendigo by: | Thursday 3 March, 7:00pm<br />
Parkview Hotel, 281 Summer St<br />
ORANGE, NSW<br />
Dr Julian Vearncombe is the Principal Consultant at SJS<br />
Register Here To be confirmed, BENDIGO, Management. VICJulian has a record <strong>of</strong> highly successful exploration for<br />
Silver Sponsor <strong>of</strong> the<br />
precious metals, with an emphasis on quality management decision<br />
Cobar<br />
• Brisbane | Monday generation, 7 March, field 4:30pm<br />
Wednesday 16 March, 6:30 for 7:pm<br />
structural geology, res<strong>our</strong>ce to reserve conversi<br />
<strong>AIG</strong> Education Endowment<br />
Cobar Bowling and Golf Club, Bloxham St<br />
geology and training. Julian brings expertise in executive and<br />
COBAR, NSW Royal on the Park, 152 management, Alice St, public BRISBANE, listing experience, QLD capital raising, the identificatio<br />
Register Here<br />
Foundation<br />
projects, technically-focused mineral exploration and res<strong>our</strong>ce evaluatio<br />
• Townsville | Tuesday 8 March, 6pm<br />
Tullah<br />
has world-leading expertise in the process and application <strong>of</strong> structura<br />
Monday 21 March<br />
Townsville Yacht Club,<br />
to mineral<br />
1 Plume<br />
exploration.<br />
St, TOWNSVILLE,<br />
His experience<br />
QLD<br />
encompasses all continent<br />
TULLAH, TAS<br />
Registrations will open shortly.<br />
Antarctica, most commodity types and geological settings.<br />
• Cairns | Thursday 10 March, 5:30pm<br />
Cairns Sheridan Hotel, 295 Sheridan St, CAIRNS, QLD<br />
Proudly supported by:<br />
• Orange | Monday 14 March, 7:30pm<br />
Parkview Hotel, 281 Summer St, ORANGE, NSW<br />
• Cobar | Wednesday 16 March, 7pm<br />
Cobar Bowling and Golf Club, Bloxham St, COBAR, NSW<br />
• Tullah | Monday 21 March<br />
To be advised, TULLAH, TAS<br />
For more information or to book visit<br />
www.aig.org.au/events<br />
22<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Keep up to date with <strong>AIG</strong> and other geoscientific events at www.aig.org.au/events<br />
ADAPTING FOR BETTER!<br />
PERFORMANCE!<br />
Careers, Discovery and Personal Transitions!<br />
Monday 14 th March 2016!<br />
CSIRO ARRC Auditorium, !<br />
26 Dick Perry Avenue,<br />
Kensington!<br />
IOCG and Other Mineral Systems in the<br />
World-Class Cloncurry District:<br />
New Advances in Exploration and<br />
Deposit Understanding<br />
March 16-18, 2016 | Cloncurry, Cloncurry QLD<br />
<strong>Up</strong>coming Events<br />
What will Mining and Res<strong>our</strong>ces in Australia look<br />
like towards 2025?<br />
What are the sector, company, and geoscientist – level strategies<br />
to success?<br />
For more information visit<br />
How do businesses and individuals anticipate and plan for change?<br />
www.aig.org.au/events/adapting-for-better-performance<br />
What are the educational and research priorities to sustain a pipeline <strong>of</strong><br />
adaptable people, innovative governance, and data and technology<br />
developments?<br />
This is a follow-up to the highly successful workshop “IOCG Deposits:<br />
The Cloncurry Experience” held in Cloncurry in March 2015.<br />
C<strong>our</strong>se Convenors: Assoc. Pr<strong>of</strong>. Zhaoshan Chang, Dr Richard Lilly<br />
For full details visit www.aig.org.au/events<br />
The Day!<br />
!<br />
Join us for a boutique event to hear and debate how geoscientists can proactively manage<br />
likely pr<strong>of</strong>essional transitions in cyclical downturns, while looking ahead to consider how<br />
we work, and how innovation in the sector will shape <strong>our</strong> changing job descriptions.<br />
A forward looking, one day workshop, motivated by the need for new discoveries and<br />
better ways <strong>of</strong> working will consist <strong>of</strong> three sessions, with time in-between for breakout<br />
group discussions. We will reconvene together at the end <strong>of</strong> the day for a group discussion,<br />
before retiring for sundowner drinks, lovingly provided by local brewers Gage Roads and<br />
winemakers Wine by Brad.!<br />
Keynote Speaker<br />
Register online:<br />
geosymposia.com.au<br />
This c<strong>our</strong>se may assist<br />
with CPD compliance<br />
for <strong>AIG</strong> Registered<br />
Members<br />
Pr<strong>of</strong>essor Lyn Beazley AO FTSE, West Australian <strong>of</strong> the year, 2015 & Former Chief<br />
Scientist <strong>of</strong> WA<br />
Looking Forward in WA<br />
We are delighted to have Pr<strong>of</strong>essor Lyn Beazley join us for the Keynote presentation. Lyn will present on<br />
looking forward in Western Australia, focusing on areas <strong>of</strong> Data & Technology, Deposits <strong>of</strong> the Future,<br />
Culture, Companies & Talent.<br />
Delegate Fees<br />
(Including GST)<br />
Student/Unemployed $40<br />
Grad <strong>AIG</strong> $50<br />
Member <strong>AIG</strong> $60<br />
Non <strong>AIG</strong> Member $70<br />
(Maximum attendance: 90)<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 23
Student report: Mill<br />
Sequence Stratigraphic<br />
Analysis <strong>of</strong> the Epsilon<br />
Formation,<br />
Merrimelia Ridge,<br />
Cooper Basin –<br />
South Australia<br />
Jordan Mill, University <strong>of</strong> Adelaide<br />
2015 DSD – <strong>AIG</strong> Hon<strong>our</strong>s <strong>Bursary</strong> Recipient<br />
The majority <strong>of</strong> successful gas<br />
fields within the Cooper Basin have<br />
historically been associated with f<strong>our</strong>way<br />
dip, intra-basin highs. This conventional<br />
model will have to be challenged in order for<br />
future exploration and field development to<br />
continue to be successful within the Cooper<br />
Basin.<br />
The mid-Permian fluvio-deltaic Epsilon<br />
Formation has complex geomorphologies<br />
and is largely considered to be transgressive.<br />
This study integrated a wide variety <strong>of</strong><br />
datasets including; seismic, wireline, core<br />
and image logs that identified two sequences<br />
(described as Tu95 and Tu35) within<br />
the Epsilon Formation. Their associated<br />
sequence boundaries and systems tracts<br />
were interpreted onto 26 wells covering 5<br />
traverses over the study area. Image logs<br />
and core confirmed typical lowstand and<br />
highstand lith<strong>of</strong>acies assemblages supporting<br />
the wireline sequence and electr<strong>of</strong>acies<br />
interpretations. Two paleogeographic maps<br />
that related to the two LST conditions <strong>of</strong> the<br />
Tu95 and Tu35 sequences were constructed.<br />
The dominant pale<strong>of</strong>low direction was<br />
approximately south-east. Previous empirical<br />
studies, analogue field calculations and<br />
measurements from Google Earth found<br />
channel belt widths <strong>of</strong> up to approximately<br />
2500m. These results highlighted the potential<br />
<strong>of</strong> LST sandstones as hydrocarbon reservoirs.<br />
Tu95 and Tu35 LST has the best chance <strong>of</strong><br />
lateral reservoir connectivity because <strong>of</strong> the<br />
increased sediment dispersion and limited<br />
accommodation space that allows fluvial<br />
sand sheets with high interconnectivity to be<br />
deposited.<br />
The Tu95 LST could be considered to be a<br />
forced regressive deposit (FRD) as it displayed<br />
an extremely sharp log signature at its base<br />
out <strong>of</strong> the HST. Intra-formational systems<br />
tract thickness variations over the study area,<br />
along with the absence <strong>of</strong> Roseneath Shale in<br />
the NW, could also be evidence <strong>of</strong> basin tilting<br />
towards the SE. A period <strong>of</strong> a renewed tectonic<br />
compression, just prior to the Daralingie uplift<br />
event, may have caused additional sub-aerial<br />
exposure and basin tilting. This would support<br />
the weakly positive gradient assumed to be<br />
leading into the Nappamerri Trough at the<br />
time <strong>of</strong> deposition, which could have resulted<br />
in a substantially faster lowstand lake level<br />
retreat and FRD’s. The Tu35 SB appears to<br />
vary in time according to local subsidence and<br />
uplift rates due to the diachronous nature <strong>of</strong><br />
systems tracts.<br />
24<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Detailed seismic mapping <strong>of</strong> the Epsilon<br />
Formation identified eight ‘sub-horizons’<br />
that generally relate to separate onlapping<br />
transgression events. As a result it was<br />
RFT and production perforation data found<br />
that the Tc90 and Tc20 Epsilon Sands within<br />
the Swan Lake field area were potentially<br />
isolated, whereas the Tc90 sands in the<br />
determined that an onlap fairway, represented<br />
by the Epsi_00 sub-horizon, could hold<br />
potential for stratigraphic trapping. Seismic<br />
onlap versus truncation geometries also<br />
suggested a combination <strong>of</strong> non-deposition<br />
and post-depositional erosion is the likely<br />
reason for the lack <strong>of</strong> Epsilon Formation that<br />
is observed on the GMI structural lineaments<br />
Meranji field were possibly connected.<br />
Shoreface, mouthbar and distributary channel<br />
facies were found to have the highest φ and k.<br />
After considering all the factors <strong>of</strong><br />
the sequence stratigraphic architecture,<br />
paleogeography, reservoir connectivity and<br />
reservoir quality; the fluvial-deltaic LST sands<br />
associated with the Tu95 LST were identified<br />
Student report: Mill<br />
today.<br />
to be the most prospective and hold the<br />
greatest chance <strong>of</strong> technical success.<br />
Res<strong>our</strong>ce Industry Consultants<br />
CSA Global<br />
For expertise and services from project<br />
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CSA Global cover all stages <strong>of</strong> the<br />
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solutions for <strong>our</strong> clients in areas such as:<br />
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E csaaus@csaglobal.com<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 25
Student report: Pang<br />
Origin <strong>of</strong> ladder dykes and associated<br />
rocks, Ravenswood: Implication <strong>of</strong><br />
Magmatic Evolution<br />
Cheng Pang, James Cook University<br />
2015 Davis – <strong>AIG</strong> Hon<strong>our</strong>s <strong>Bursary</strong> Recipient<br />
Many large granitic plutons<br />
preserve little evidence <strong>of</strong><br />
how the magmatic structures<br />
during construction <strong>of</strong> this mafic plutonic<br />
body. I use detail field mapping and field<br />
observations <strong>of</strong> metre-scale “ladder dykes”<br />
formed. In a few localities worldwide, granite<br />
pluton preserve magmatic layering features<br />
known as “ladder dykes”. The origin <strong>of</strong> these<br />
structures are seldom described however<br />
they may be fundamental to improving <strong>our</strong><br />
understanding <strong>of</strong> magma chamber dynamics.<br />
These structures could be related to magma<br />
flow structures developed during magma<br />
crystallization and magma emplacement.<br />
A gabbro unit exposed near the town<br />
<strong>of</strong> Ravenswood in North Queensland<br />
contains complex magmatic structures<br />
that can be considered to be ladder dykes.<br />
The structure may provide a wealth <strong>of</strong><br />
information <strong>of</strong> magma flow and evolution<br />
near Ravenswood, together with petrography<br />
studies and quantitative chemical analyses <strong>of</strong><br />
minerals to demonstrate that these features<br />
are developed from multiple pulses <strong>of</strong> crystal<br />
mush intrusion while the host rock was<br />
largely crystalized. The exposed outcrop in<br />
Ravenswood provide plan view and cross<br />
section view <strong>of</strong> these structures, which allows<br />
a three dimensional perspective view <strong>of</strong> how<br />
these dykes were formed. Ladder dykes from<br />
Ravenswood, contains multiple wispy, and<br />
curved to concentric or ellipsoid banding<br />
with leucocratic plagioclase rich bands and<br />
melanocratic ferromagnesian mineral rich<br />
bands.<br />
26<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
The host rock and ladder dyke have<br />
Quantitative chemical analyses <strong>of</strong> minerals<br />
Orthogonal brittle fractures and curved ductile<br />
a similar mineralogy comprised <strong>of</strong> 50%<br />
show plagioclase in the ladder dykes have<br />
deformation structures coexist at the same<br />
plagioclase, 30% pyroxene, and 20%<br />
reverse zoning from An27 to An85, with a<br />
outcrop suggest the host rock was probably<br />
amphibole. Petrographic studies show that<br />
distinct core with high albite component.<br />
largely crystallised. This caused sudden<br />
there are two main crystal orientations relative<br />
Ferromagnesian minerals (clinopyroxene,<br />
undercooling <strong>of</strong> this crystal free melt allowed<br />
to the banding <strong>of</strong> the dykes (1) elongation <strong>of</strong><br />
orthopyroxene, hornblende) have Mg#<br />
comb layering formation in the centimetres<br />
the plagioclase crystals parallel to the banding<br />
in the ladder dyke (2) comb layering - crystals<br />
growth perpendicular to the layering and the<br />
boundary <strong>of</strong> the dyke. Crystals in the ladder<br />
dykes are oriented parallel to the banding.<br />
Comb layering occurs at the contact between<br />
the ladder dyke and host rock as acicular<br />
plagioclase and clinopyroxene crystal growth<br />
perpendicular to the margin. This can be<br />
varies from Mg66 to Mg81. Reverse zoned<br />
plagioclase shows three separate population<br />
<strong>of</strong> crystal growth with no oscillatory zoning.<br />
Sodic core to calcic rim plagioclase in both<br />
host rock and ladder dykes suggest magma<br />
mixing occurred prior to the intrusion. The<br />
initial magma was felsic in composition then<br />
later intruded by more mafic magma.<br />
The formation <strong>of</strong> the ladder dyke is<br />
width dyke. A later crystal rich melt (mush)<br />
reactivated and fractured the comb layering<br />
structure dyke in the middle. This is evidenced<br />
by comb layering occurs on the margin <strong>of</strong><br />
the ladder dyke. This crystal rich melt is<br />
plagioclase rich and developed flow banding<br />
structure hence the ladder dyke.<br />
Student report: Pang<br />
explained by sudden undercooling which leads<br />
postulated to be an early crystal free melt<br />
to high crystal growth with low nucleation<br />
fractured the largely crystallised Ravenswood<br />
rates in the crystal free magma pulse.<br />
host rock gabbro in brittle-ductile fashion.<br />
SYDNEY MINERAL EXPLORATION<br />
DISCUSSION GROUP<br />
bringing<br />
geoscientists<br />
together<br />
SMEDG has been a part <strong>of</strong> the Mineral Exploration<br />
industry in NSW since 1972. Set up as a group <strong>of</strong><br />
enthusiastic geoscientists to discuss techniques and<br />
concepts <strong>of</strong> mineral exploration on an informal basis<br />
Come along to <strong>our</strong><br />
monthly meetings<br />
to enjoy great talks<br />
and network with<br />
like minded people<br />
UP-COMING EVENTS !<br />
Meetings<br />
Mid-year Cruise<br />
(last Thursday <strong>of</strong> month)<br />
Mines & Wines 2017<br />
(Friday 8th July)<br />
Christmas Cruise (to be advised)<br />
(to be advised)<br />
Stay in-touch at<br />
www.smedg.org.au for up-coming events<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 27
Fluid inclusion and trace element<br />
study <strong>of</strong> stockwork quartz at the Red<br />
Mountain porphyry copper deposit<br />
Student report: Philippa<br />
Elizabeth Philippa, Australian National University<br />
2015 <strong>AIG</strong> Hon<strong>our</strong>s <strong>Bursary</strong> Recipient<br />
Porphyry copper deposits (PCD) are<br />
complex hydrothermal-magmatic<br />
systems which provide a large s<strong>our</strong>ce<br />
<strong>of</strong> base and precious metals. Debate exists<br />
over the fluid responsible for mineralisation<br />
as a direct proxy for<br />
temperature in PCD.<br />
The stockwork quartz<br />
was deposited by a fluid<br />
with a strong magmatic<br />
and the mechanism for precipitation leading<br />
to the formation <strong>of</strong> PCD. This study presents<br />
new evidence for the formation <strong>of</strong> PCD and<br />
explores the possibility <strong>of</strong> a single-phase<br />
magmatic fluid as the ore-forming fluid.<br />
Temperatures found using the (Thomas<br />
et al., 2010) calibration <strong>of</strong> the Ti-in-quartz<br />
thermobarometer (TitaniQ) range between<br />
~417°C to ~850°C in the stockwork quartz.<br />
These temperatures correlate strongly with<br />
cathodoluminescence brightness and trace Ti<br />
content in the quartz.<br />
Veins hosting sulfides exhibit temperatures<br />
in the range ~420°C to ~660°C, suggesting<br />
sulfide precipitation may occur at<br />
temperatures greater than previously thought.<br />
The direct link found in this study between<br />
Ti content, CL brightness and temperature<br />
delivers the prospect <strong>of</strong> using CL brightness<br />
signature, as found<br />
through oxygen isotopes<br />
ranging between +8.9‰<br />
to +12.6‰. This range<br />
discounts the potential<br />
input <strong>of</strong> meteoric<br />
water, and its use as a<br />
mechanism for ore deposition.<br />
Fluid inclusions found in the stockwork<br />
show both immiscible fluids (vapors and<br />
brines) and single-phase supercritical fluids.<br />
LA-ICP-MS analysis <strong>of</strong> fluid inclusions reveal<br />
a potential mineralising intermediate-density<br />
fluid enriched in metals and semi-metals,<br />
similar to those found being released from<br />
current arc volcanoes.<br />
The findings in this study support recent<br />
porphyry copper deposit formation models<br />
proposed by Blundy et al., (2015) and<br />
Henley et al., (2015) in that a single-phase<br />
supercritical ‘gas’ is likely responsible for the<br />
deposition <strong>of</strong> ore in mineralised porphyry<br />
systems. The high temperatures found using<br />
TitaniQ, the magmatic isotopic composition<br />
<strong>of</strong> the stockwork quartz and the identification<br />
<strong>of</strong> an intermediate-density, enriched fluid<br />
contradict several facets <strong>of</strong> conventional PCD<br />
formation models, and provide support for<br />
alternatives.<br />
Kim Frankcombe<br />
Senior Consulting Geophysicist<br />
Phone +61 (0) 8 6201 7719<br />
E-mail kim@exploregeo.com.au<br />
GEOPHYSICAL CONSULTANTS TO EXPLORERS<br />
Riaan Mouton<br />
Consulting Geophysicist<br />
Phone +61 (0) 8 6201 0715<br />
E-mail riaan@exploregeo.com.au<br />
www.exploregeo.com.au<br />
PO Box 1191 Wangara WA 6947 Australia<br />
Unit 6, 10 O’Connor Way, Wangara WA 6065 Australia<br />
PETROLOGICAL (CONSULTING) SERVICES <br />
Roger G Taylor (PhD, DIC, M<strong>AIG</strong>) <br />
Descriptive and overview interpretation <strong>of</strong>:-‐ <br />
• Ore Textures <br />
• Breccias <br />
• Alteration <br />
• Paragenetic sequencing <br />
• Gossans-‐leached outcrops/supergene enrichment <br />
Porphyry copper, IOCG, Skarn, Carbonate replacement, Tin-‐Tungsten <br />
Epithermal and Granite related gold systems <br />
roger-‐taylor@bigpond.com <br />
Mobile 0417621273 Phone 0363265562 <br />
28<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
NORTHERN TERRITORY GEOLOGICAL SURVEY<br />
AGES2016<br />
ANNUAL GEOSCIENCE EXPLORATION SEMINAR<br />
ANNUAL GEOSCIENCE EXPLORATION SEMINAR<br />
15–16 March 2016, Alice Springs Convention Centre, Northern Territory<br />
ALICE SPRINGS SEMINAR<br />
The Territory’s premier<br />
exploration event<br />
The Territory continues to <strong>of</strong>fer outstanding opportunities for<br />
both minerals and petroleum explorers. Major investment in new<br />
geoscience data from the Northern Territory Geological Survey<br />
and its partners under the Creating Opportunities for Res<strong>our</strong>ce<br />
Exploration (CORE) initiative, is providing exciting insights into<br />
the untapped potential <strong>of</strong> under-explored areas in the Territory.<br />
Join us in Alice Springs on 15–16th March 2016 for the 17th Annual<br />
Geoscience Exploration Seminar (AGES), where a mix <strong>of</strong> NTGS and<br />
industry presentations will showcase the rich minerals and petroleum<br />
potential <strong>of</strong> the Northern Territory. AGES is a technical conference<br />
that presents a unique opportunity for you to access the latest in fresh<br />
exploration ideas and geoscientific data from the Territory and to<br />
network with colleagues who share an interest in the discovery and<br />
development <strong>of</strong> the Territory’s minerals and oil and gas res<strong>our</strong>ces.<br />
Around 220 people attended the event in 2015.<br />
Seminar highlights<br />
• first release <strong>of</strong> interpreted seismic data across the<br />
Tennant Creek mineral field<br />
• the latest information on new geoscience and<br />
exploration success for shale gas in the Beetaloo<br />
Sub-basin<br />
• technical updates on successful exploration programs<br />
and new discoveries from across the Territory for<br />
copper, zinc, gold, oil and gas and more<br />
• new concepts on stratigraphy, basin architecture and<br />
mineral fertility <strong>of</strong> the Amadeus Basin<br />
• dedicated session on the McArthur Basin including<br />
the release <strong>of</strong> new geoscience and shale geochemistry<br />
datasets, discussion <strong>of</strong> geophysical techniques for<br />
exploration, and release <strong>of</strong> an expanded 3D model that<br />
includes the McArthur Group and equivalents<br />
• results <strong>of</strong> recent mapping and copper mineral systems<br />
studies in the Arunta Region<br />
• practical information to assist you with issues such as<br />
land access, titles and accessing geoscience data<br />
• the AGES dinner – the premier networking and social<br />
event for the NT exploration industry<br />
For more<br />
information<br />
Visit www.ages.nt.gov.au;<br />
phone (08) 8999 5313<br />
or email ages@nt.gov.au<br />
Hosted by the<br />
NT Geological Survey<br />
Department <strong>of</strong> Mines and Energy<br />
Supported by<br />
Department <strong>of</strong> Business<br />
AGES also incorporates the Mining Services Expo – a showcase<br />
<strong>of</strong> Northern Territory businesses and their capabilities to support y<strong>our</strong><br />
exploration and mining ventures.<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016<br />
29
IAH Seven Wonders<br />
Seven Wonders <strong>of</strong><br />
the Hydrogeological<br />
World (in Australia)<br />
In an effort to raise the national pr<strong>of</strong>ile<br />
<strong>of</strong> hydrogeology, the Australian branch<br />
<strong>of</strong> the International Association <strong>of</strong><br />
Hydrogeologists (IAH Australia)<br />
launched a competition in 2010,<br />
challenging interested parties to<br />
nominate Seven Wonders <strong>of</strong> the<br />
Hydrogeological World (in Australia).<br />
4: Seven Wonders <strong>of</strong> the<br />
Hydrogeological World -<br />
Iconic Blue Lake<br />
Jeff Lawson<br />
SA Department <strong>of</strong> Water, Land and Biodiversity Conservation<br />
Reproduced with thanks to the International Association <strong>of</strong> Hydrogeologists,<br />
Australia National Chapter<br />
With a $1000 cash prize on <strong>of</strong>fer<br />
for the best submission, entries were<br />
impressive, varied and reflective <strong>of</strong> the<br />
diverse and abundant hydrogeological<br />
wonders Australia has to <strong>of</strong>fer.<br />
Submissions were assessed on the<br />
basis <strong>of</strong> scientifc merit, interest to<br />
scientific media, visual amenity, quality<br />
<strong>of</strong> submission and public interest. Of<br />
the wonders nominated, there were<br />
seven clear standouts.<br />
Over coming issues <strong>of</strong> the <strong>AIG</strong><br />
News, we will be featuring each<br />
<strong>of</strong> these wonders, continuing with<br />
number 4: The Blue Lake.<br />
The Blue Lake is located on the edge <strong>of</strong><br />
a city named after the local volcano<br />
and should be considered as one<br />
<strong>of</strong> Australia most unique hydrogeological<br />
wonders.<br />
Hydrogeological Wonder<br />
The hydrogeological wonder that is the Blue<br />
Lake has many unique features. It is a window<br />
into the unconfined aquifer <strong>of</strong> the region, has<br />
storage <strong>of</strong> about 30,000 megalitres and has<br />
the most brilliant unique col<strong>our</strong> change twice<br />
a year.<br />
Through the winter months the lake is a dull<br />
grey col<strong>our</strong>, but as soon as the weather starts<br />
to warm, it undergoes a spectacular change<br />
to vivid cobalt blue and holds this until the air<br />
temperature begins to cool again in April.<br />
While many Blue Lakes exist in the world,<br />
this lake stands out because <strong>of</strong> the unique<br />
col<strong>our</strong> change which for many years kept<br />
many people theorising as too what may be<br />
the cause. Some <strong>of</strong> these theories are quite<br />
humorous. Science has now explained the<br />
change mechanism; however the local t<strong>our</strong>ist<br />
bodies would rather explain how the col<strong>our</strong><br />
change is still a mystery.<br />
Legend also held that the lake was about<br />
200 metres deep after some original rope<br />
depthing in the late 1800’s.<br />
30<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
The Peoples Hydrogeological Wonder<br />
Geological Wonder<br />
Research Wonder<br />
The Blue Lake along with the volcanic crater<br />
As a geological wonder the Blue Lake:<br />
Studying the lake has provided gainful<br />
has had a human connection since its<br />
employment to at least two PhD students,<br />
formation, as it has been part <strong>of</strong> the local<br />
Buandig (also known as Boandik) Aboriginal<br />
dream time legend.<br />
This lake plays a wonderful part in<br />
thousands <strong>of</strong> people’s lives. Firstly for such<br />
a unique geological structure, it is on the<br />
doorstep <strong>of</strong> a city <strong>of</strong> about 30,000 people.<br />
Other Blue Lakes in the world, whilst very<br />
• Is one <strong>of</strong> Australia’s most recently<br />
formed volcanoes with an age <strong>of</strong> about<br />
28,000 years.<br />
• Formed during Australia’s last ice age<br />
and the lake was originally dry as the<br />
water levels were 100 to 150 metres<br />
lower than today.<br />
• Formed on a fault upon which the<br />
along with CSIRO and government<br />
researchers. But still it refuses to give up all its<br />
secrets<br />
Water Supply Wonder<br />
The Lake is the municipal water supply to<br />
the people <strong>of</strong> Mount Gambier. It provides on<br />
average about 3,700 million litres <strong>of</strong> water<br />
IAH Seven Wonders<br />
beautiful are quite <strong>of</strong>ten removed from<br />
volcanic pressure exited through.<br />
each years from a reservoir <strong>of</strong> about 30,000<br />
population centres and do not play unique<br />
• The lake has a maximum depth <strong>of</strong><br />
million litres. It recharges its volume from<br />
roles in peoples lives.<br />
72 metres, a circumference <strong>of</strong> 3.75<br />
groundwater storage about every 8 years.<br />
This lake has a walking path which sees<br />
kilometres and a water surface area <strong>of</strong><br />
hundreds <strong>of</strong> people walk or jog around it every<br />
about 60 hectares.<br />
day as part <strong>of</strong> fitness routines. Additionally it<br />
• It has a unique col<strong>our</strong> change related to<br />
has a strong social function with many <strong>of</strong> the<br />
temperature and water purity.<br />
morning walker’s stopping at the t<strong>our</strong>ist centre<br />
• It has different water qualities to the<br />
for a c<strong>of</strong>fee after the walk. These walks/ runs<br />
surrounding unconfined aquifer, <strong>of</strong> which<br />
are very relaxing as at so many parts around<br />
it is a part.<br />
the lake the beauty <strong>of</strong> the whole crater is<br />
• A little known fact is that it may have<br />
viewed.<br />
originally been a dual crater.<br />
T<strong>our</strong>ist Hydrogeological Wonder<br />
The lake is appreciated by so many people in<br />
Australia but it also receives many thousands<br />
<strong>of</strong> international visitors. As part <strong>of</strong> the<br />
Kanawinka Geopark it forms part <strong>of</strong> Australia’s<br />
first geopark and because it is a part <strong>of</strong> the<br />
global network, it is promoted internationally<br />
both in Europe and Asia. It has appeared on<br />
many television shows related to t<strong>our</strong>ism and<br />
children’s education.<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 31
Industry – Academic Research Projects<br />
Industry –<br />
Academic<br />
Research<br />
Projects: The<br />
Good, The Bad<br />
and The Ugly<br />
© ingimage.com<br />
Richard Lilly<br />
Mount Isa Mines Embedded Research Fellow, University <strong>of</strong> Adelaide<br />
Industry-Academic research projects should<br />
be a win-win; the company gets access to<br />
a knowledgeable specialist team who are<br />
able to dedicate valuable time and res<strong>our</strong>ces<br />
to a range <strong>of</strong> geological questions, and the<br />
academics get funding to generate new data<br />
and progress their research careers. As a<br />
bonus, any students involved get invaluable<br />
hands-on industry experience. What could go<br />
wrong? Why are there not more collaborative<br />
projects happening all the time? What can we<br />
do to make these projects work?<br />
Over the last 15 years I have been fortunate<br />
to have been involved in over 25 collaborative<br />
research projects with 6 different companies<br />
and 8 research institutions on projects all<br />
around the world including Australia, Sweden,<br />
Morocco, United Arab Emirates and Oman.<br />
Most have been good, some have been bad<br />
and a couple have been ugly. The following<br />
is a personal viewpoint from someone who<br />
is still very passionate about trying to use<br />
applied research to assist the full spectrum<br />
<strong>of</strong> economic geology from exploration to<br />
production.<br />
Getting past stereotypes<br />
Being an industry-academic research-fellow/<br />
liaison is certainly not an easy job; after years<br />
in exploration I don’t think I grasped how<br />
many h<strong>our</strong>s academics actually work. There<br />
is no clock-on and clock-<strong>of</strong>f; it’s certainly a<br />
lifestyle rather than a job. I also quickly found<br />
out that academics have completely different<br />
KPIs (Key Performance Indicators) and that<br />
the success <strong>of</strong> a research project is not<br />
measured in metres drilled, tonnes hoisted<br />
or targets tested (although it would be nice if<br />
that was the end-result <strong>of</strong> some research!).<br />
In fact, in the first few months <strong>of</strong> my current<br />
role, rather than feel like an industry-academic<br />
boundary-spanner, it was like I was slipping<br />
through the crack between both worlds. This<br />
made me wonder: is this why there are so<br />
few embedded researchers? Is the role itself<br />
doomed to sit in neither camp? Why is this?<br />
One <strong>of</strong> the most consistent barriers for<br />
effective industry-academic research projects<br />
is stereotyping. Ask just about anyone in the<br />
industry about academics and you will be<br />
treated to tales <strong>of</strong> b<strong>of</strong>fins and their projects<br />
that become ‘too academic to be useful’, and<br />
academics who are ’only thinking about where<br />
their next research grant is coming from’. Or<br />
(as happened to me last year) when at the end<br />
<strong>of</strong> a research project meeting the industry geo<br />
says: ‘Right, I’d better get on with some real<br />
work now’. This example clearly demonstrates<br />
the lack <strong>of</strong> value that industry <strong>of</strong>ten places on<br />
geological knowledge and understanding.<br />
However, stereotyping works both ways and<br />
I have heard frustrations from the academic<br />
side <strong>of</strong> the fence referring to their industry<br />
partners’ ‘short-term goals’ and the recipients<br />
<strong>of</strong> the research who ‘don’t understand the<br />
results’ and ‘probably won’t read it anyway’.<br />
The high turnover <strong>of</strong> staff during the boom<br />
years is also a hindrance; it is common for<br />
the company geo who initiated the research<br />
project to have moved on by the time the<br />
research has been completed. Likewise,<br />
industry priorities change with the market and<br />
a three year study may find itself high and dry<br />
32<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
© ingimage.com © ingimage.com<br />
MRGraphics, a team that KNOWS<br />
Geology, Exploration & Mining.<br />
We specialise in...<br />
Annual reports<br />
Powerpoint presentations<br />
Industry – Academic Research Projects<br />
Business material design<br />
(business cards, letterheads, etc..)<br />
if the topic and/or outcomes are not business<br />
relevant by the delivery date. Because <strong>of</strong><br />
this, it is important for all industry-academic<br />
research projects to try to retain flexibility<br />
where possible.<br />
Other speed bumps that can get in the way<br />
<strong>of</strong> collaborative research include industry<br />
pricing cashing in on the good years (‘let’s just<br />
add some more to the budget; the company<br />
can afford it’). Confidentiality agreements can<br />
be stifling (and <strong>of</strong>ten unnecessary) and hobble<br />
academics’ ability to publish their results.<br />
This alone would be enough to prevent many<br />
promising early career researchers from<br />
ever getting into collaborative economic<br />
geology studies because their career path is<br />
essentially publish-or-perish.<br />
Appropriate fieldwork is also a key hurdle;<br />
nothing can replace time spent in the field<br />
and face-time at the operation/camp. An old<br />
stereotype is where the academic has flown<br />
in, looked at one drill-hole, and solved all the<br />
problems in an afternoon <strong>of</strong> arm-waving and<br />
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<strong>AIG</strong> NEWS Issue 123 · February 2016 33
Industry – Academic Research Projects<br />
then spends the next 6 months writing it<br />
up. This is fine until you go around the next<br />
corner, or drill the next hole and the model<br />
doesn’t fit and the project has now finished<br />
(or the academic is unwilling to change their<br />
mind!). This point also highlights the value<br />
<strong>of</strong> long-standing working relationships;<br />
companies are not so fond <strong>of</strong> fair-weather<br />
friends who arrive when times are good and<br />
are not to be seen when the research money<br />
starts to dry up (or the individual academics<br />
personal interest has been quenched). In<br />
some cases this may be unavoidable as<br />
academics can only take on limited projects,<br />
The Good, The Bad and The Ugly<br />
The Good collaborative project represents<br />
the majority, by far; most projects achieve<br />
their target and build geological knowledge.<br />
Outcomes from short- to mid-term (Hons,<br />
PhD and Post-Doctoral) projects can provide<br />
geological constraints for specific targets,<br />
prospects and systems and can assist<br />
companies to make business decisions<br />
based on sound geological understanding.<br />
Good projects lead directly to more projects,<br />
which can build knowledge quickly. This is<br />
especially true if they are coordinated by a<br />
‘research champion’ within the company;<br />
not necessarily a senior figure, but someone<br />
to get a job or go onto further study (PhD).<br />
As well as research outcomes, the Hon<strong>our</strong>s<br />
process also allows companies’ access<br />
to these potentially high-calibre future<br />
employees.<br />
The Bad isn’t that bad. Some projects do<br />
not achieve what was originally intended.<br />
Students can go <strong>of</strong>f the rails and research can<br />
go <strong>of</strong>f at a tangent. Often this comes down to<br />
how much mentoring the student had from<br />
supervisors and whether key deliverables have<br />
been requested. This kind <strong>of</strong> project should<br />
have a learning outcome for both industry and<br />
but it does support a ‘baby-steps’ approach. I<br />
with a keen drive to progress geological<br />
academic supervisors. In most cases though,<br />
like to think <strong>of</strong> projects as Lego bricks; maybe<br />
understanding. The students involved in<br />
the cost <strong>of</strong> the project was minimal and the<br />
individually each study is not breathtaking, but<br />
these projects are normally self-starters and<br />
data generated will be <strong>of</strong> use to aid geological<br />
once several are joined together you can start<br />
interested in geology. Many gain enough<br />
understanding.<br />
to build something substantial.<br />
industry experience through their project<br />
Terra Search Pty. Ltd.<br />
Mineral Exploration and Data Management Specialists<br />
www.terrasearch.com.au<br />
Current Major Collaborative Projects<br />
in 2014<br />
In addition to <strong>our</strong> standard array <strong>of</strong> exploration services, Terra Search has a strong history <strong>of</strong> collaboration with Government<br />
agencies to provide pre-competitive exploration data sets.<br />
PNG MINERAL RESOURCES AUTHORITY (MRA) PROJECT<br />
As part <strong>of</strong> the World Bank sponsored 2nd Mining Sector Institutional<br />
Strengthening Technical Assistance Project (MSISTAP) in PNG, Terra Search has<br />
commenced a 12 month contract designed to add sigificant further historical<br />
Geological and Geochemical Data to the over 450,000 data points already<br />
captured by Terra Search during the 1st MSISTAP in 2002-2005.<br />
With over 15 years <strong>of</strong> experience providing database services to government and<br />
industry, Terra Search is well placed to deliver the best possible outcome for the<br />
MRA.<br />
All data compiled and validated during this project will be made available<br />
globally to exploration companies through the MRA.<br />
INTRUSION-RELATED MINERALIZATION SYSTEMS IN NE QLD<br />
Terra Search and Klondike Exploration Services are undertaking a comprehensive<br />
study <strong>of</strong> the geology and metallogeny <strong>of</strong> gold-bearing magmatic hydrothermal<br />
systems incorporating:<br />
• A new metallogenic database <strong>of</strong> the Charters Towers Region, GIS data package<br />
and map<br />
• Metallogenic model documenting genetic types & spatial controls in Charters<br />
Towers region<br />
• Revision and update <strong>of</strong> the geology <strong>of</strong> the Charters Towers District<br />
• Templates <strong>of</strong> geophysical & geochemical signatures <strong>of</strong> deposit styles<br />
This study is a part <strong>of</strong> a North QLD research initiative in collaboration with local<br />
Industry, EGRU (James Cook University) and the Geological Survey <strong>of</strong> QLD, funded<br />
through the Queensland Government Future Res<strong>our</strong>ces Program.<br />
Terra Search Pty. Ltd.<br />
Specialists in Mineral Exploration,<br />
Geology, and Computing<br />
for over 25 years<br />
TOWNSVILLE<br />
Simon Beams, Travers Davies<br />
T: (07) 4728 6851<br />
E: admin@terrasearch.com.au<br />
PERTH<br />
Dave Jenkins<br />
T: (08) 9472 8546<br />
E: tswa@iinet.net.au<br />
BATHURST<br />
Richard Lesh<br />
T: (02) 6337 3133<br />
E: richard.lesh@bigpond.com<br />
34<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
© ingimage.com © ingimage.com<br />
Industry – Academic Research Projects<br />
THE GOOD COLLABORATIONS<br />
THE BAD COLLABORATIONS<br />
Case Study Examples<br />
• Student does a great project - gets directly <strong>of</strong>fered a job<br />
• Student does a great project - industry experience helps<br />
them get a job with another company<br />
• Student does a great project - continues research<br />
with PhD<br />
• Company get a detailed Hon<strong>our</strong>s project on a<br />
previously undescribed style <strong>of</strong> mineralisation.<br />
• Geological data allows company to avoid paying many<br />
millions to stay in joint venture project.<br />
• Another company spends many hundreds <strong>of</strong><br />
thousands on the project and concludes finding based<br />
on original (Hon<strong>our</strong>s) project was correct.<br />
• Data from project allows company to explore more<br />
effectively for buried mineralisation; discovery is made.<br />
• Newly described style <strong>of</strong> mineralisation allows more<br />
efficient exploration and leads to buy-in from other<br />
companies also interested in research.<br />
• Additional exploration benefits state economy.<br />
Recommendations<br />
• Build interrelated projects up like Lego blocks.<br />
Case Study Examples<br />
• Student goes <strong>of</strong>f the rails and Hon<strong>our</strong>s Project<br />
doesn’t get submitted<br />
• Data still relevant and supervisor writes up technical<br />
report and project still adds value<br />
• Research goes <strong>of</strong>f on a tangent and final project<br />
doesn’t address primary aim<br />
• May be due to lack <strong>of</strong> supervision from both<br />
academic and industry supervisors<br />
• Academic arrives on site in Hawaiian shirt and thongs<br />
with a hastily put-together presentation (which<br />
includes basic spelling errors).<br />
• Academics reputation doesn’t carry across to<br />
industry.<br />
Recommendations<br />
• Have at least one industry ‘research champion’ who<br />
has responsibility for project.<br />
• Mentor students and emphasise the need for<br />
appropriate behavi<strong>our</strong> while on-site.<br />
• Maintain a pr<strong>of</strong>essional approach: relaxed working<br />
relationships can be enjoyable and productive, but a<br />
careless attitude does not promote confidence in the<br />
project.<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 35
Industry – Academic Research Projects<br />
“<br />
Any failure <strong>of</strong> large-scale projects<br />
can damage the reputations <strong>of</strong> the<br />
institutions and can make companies<br />
think twice about where (and how much)<br />
research funding they make available.”<br />
The Ugly. Well, there have been a few cases<br />
over the years <strong>of</strong> large-scale (high budget),<br />
all-singing and all-dancing paradigm-changing<br />
projects that just fizzled out. Big words can<br />
be used in the proposal, big names can be<br />
THE UGLY COLLABORATIONS<br />
Case Study Example<br />
• Six-figure PA spend from company matched by ARC<br />
linkage.<br />
• Ambitious ‘industry leading’ project with ‘paradigm<br />
changing’ aims.<br />
• Poor communication from start, field visits quickly became<br />
fewer as project progressed.<br />
• Late delivery <strong>of</strong> reports with basic errors.<br />
• Break-down <strong>of</strong> trust. Project funding cancelled after 2<br />
years.<br />
Recommendations<br />
involved and big outcomes can be promised,<br />
only for the projects to underachieve. Any<br />
failure <strong>of</strong> large-scale projects can damage the<br />
reputations <strong>of</strong> the institutions and can make<br />
companies think twice about where (and how<br />
much) research funding they make available.<br />
There can, <strong>of</strong> c<strong>our</strong>se, be many reasons for<br />
this outcome, but key among them may be a<br />
lack <strong>of</strong> open and transparent communication:<br />
without mutual trust and respect there will be<br />
no ‘true’ collaboration and this is especially<br />
pertinent for projects with higher budgets and<br />
more participants.<br />
• Communicate: be open and transparent and, if things go<br />
wrong, don’t try to hide it.<br />
• Maintain a pr<strong>of</strong>essional approach: a collaborative research<br />
project is a contractual relationship with the expectation<br />
that key deliverables will be provided as specified and on<br />
time.<br />
• Regular field visits are essential to provide updates and<br />
communicate results to industry partners.<br />
• Try to maintain project flexibility to be able to adjust to<br />
business needs.<br />
36<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Some Final Thoughts<br />
The topic <strong>of</strong> industry-academic research<br />
projects is a large one and there are some<br />
fundamental issues with the way the<br />
academic system is funded (e.g. the reliance<br />
on citations as a measure <strong>of</strong> an academics’<br />
worth). However, it would seem from recent<br />
activities by the current government there may<br />
be some changes on the horizon<br />
(and, as much as I welcome those changes, I<br />
won’t be holding my breath). I have some final<br />
personal tips on maximising the chances <strong>of</strong><br />
a collaborative industry-academic research<br />
project succeeding;<br />
• Maintain open and transparent<br />
communication; building trust and<br />
effective communication <strong>of</strong> results<br />
is vital.<br />
• For the academics: try to keep technical<br />
jargon to a minimum (nobody likes<br />
Finally: one <strong>of</strong> the most positive and<br />
undervalued outcomes <strong>of</strong> any research project<br />
is the training and experience that it gives<br />
the student(s). The bigger picture <strong>of</strong> applied<br />
research is that even if this project didn’t kick<br />
all the goals it aimed for, the next one might<br />
surprise us. Adding geological understanding<br />
and constraints to exploration campaigns<br />
and learning more about the ore body you<br />
are mining is fundamental to progressing the<br />
Australian minerals industry and tackling the<br />
UNCOVER challenge <strong>of</strong> finding the ore bodies<br />
<strong>of</strong> tomorrow.<br />
© ingimage.com<br />
Note about the Author<br />
Richard Lilly completed his PhD at Cardiff<br />
University in the UK on ophiolite geochemistry<br />
in collaboration with the British Geological<br />
Survey and a short structurally-focussed<br />
post-doc working with Chevron in Morocco. He<br />
then worked for 8 years for Mount Isa Mines<br />
based in Mount Isa, Queensland and was Senior<br />
Geologist for Cloncurry Projects, specialising<br />
in exploration geochemistry for IOCG and<br />
related targets in covered terrain. Richard has a<br />
passion for using applied research to improve<br />
<strong>our</strong> understanding <strong>of</strong> mineral systems to<br />
benefit exploration and is currently the Mount<br />
Isa Mines funded Embedded Research Fellow<br />
at the University <strong>of</strong> Adelaide conducting and<br />
coordinating a wide range <strong>of</strong> applied research<br />
projects.<br />
Industry – Academic Research Projects<br />
reading an overly wordy technical report<br />
when a couple <strong>of</strong> PowerPoint slides<br />
could suffice).<br />
• Establish key deliverables and to deliver<br />
them on time: if plans and timelines<br />
change, be open about it.<br />
• There are no substitutes for fieldwork<br />
and relationship building.<br />
• Maintain project flexibility where<br />
possible.<br />
Glenn Coianiz<br />
M<strong>AIG</strong> RPGeo<br />
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or staff. ExplorIS can do that for you.<br />
1 h<strong>our</strong> minimum charge out.<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 37
Valmin Code Changes<br />
VALMIN CODE<br />
2015: What has<br />
changed and why?<br />
Jonathan Bell and Louis Rozman<br />
Disclaimer: The content <strong>of</strong> this article contains the personal views <strong>of</strong> two individuals and does not<br />
constitute advice nor represent the <strong>of</strong>ficial view <strong>of</strong> the VALMIN Committee. For details on specific<br />
issues refer to the VALMIN Code 2015 or contact the VALMIN Committee.<br />
Members <strong>of</strong> the Australian Institute<br />
<strong>of</strong> <strong>Geoscientists</strong> (<strong>AIG</strong>) and<br />
Australasian Institute <strong>of</strong> Mining<br />
and Metallurgy (AusIMM) are bound to three<br />
codes, namely the Code <strong>of</strong> Ethics, JORC Code<br />
and VALMIN Code. On 13 January 2016, the<br />
VALMIN Code (2015 Edition) was <strong>of</strong>ficially<br />
released and on 30 January 2016, it became<br />
effective. The VALMIN Code (2005 Edition)<br />
remains in effect until 30 June 2016, and<br />
until 30 June 2016 either the VALMIN Code<br />
(2005 Edition) or the VALMIN Code (2015<br />
Edition) can be used. From 1 July 2016 it will<br />
be mandatory to use the VALMIN Code (2015<br />
Edition). This article outlines the extensive<br />
review process and highlights key changes to<br />
the new VALMIN Code (2015 Edition).<br />
The VALMIN Code is a companion to<br />
the JORC Code which addresses both the<br />
technical assessment and valuation <strong>of</strong><br />
mineral assets. The VALMIN Code also<br />
provides guidance for assessment and<br />
valuation <strong>of</strong> petroleum assets. The VALMIN<br />
Code’s first incarnation was in July 1995, with<br />
updates released in April 1998, April 2005<br />
and now, January 2016. The most notable<br />
changes in the latest version <strong>of</strong> the Code are<br />
that:<br />
1 it no longer mandates the principle <strong>of</strong><br />
Independence. This brings the Code<br />
into alignment with the three principles<br />
<strong>of</strong> the JORC Code, namely Competence,<br />
Materiality and Transparency;<br />
2 the requirements <strong>of</strong> Technical<br />
Assessments are separated from the<br />
requirements <strong>of</strong> Valuation Reports; this<br />
allows for a more succinct document<br />
that reflects its dual purpose;<br />
3 the terms and definitions are in greater<br />
alignment to those <strong>of</strong> the JORC Code,<br />
Australian Securities and Investments<br />
Commission (ASIC) and the International<br />
Valuation Standards (IVS);<br />
4 it provides guidance on additional<br />
reporting requirements, such as the<br />
Peter Komyshan BSc (HonS), MAuSIMM, M<strong>AIG</strong><br />
Consultant GeoloG ist<br />
▲ Corporate Advice<br />
▲ Project and Target Generation<br />
▲ Project Management<br />
Omap Pty Ltd (ACN 154 607 977)<br />
Perth Western Australia<br />
Mobile (+61) 414 918 515 ▲ Telephone (+61) 8 9447 1142<br />
Email: omap@iinet.net.au<br />
Corporations Act, ASIC’s regulatory<br />
guidelines, the Australian Securities<br />
Exchange (ASX) listing rules; and<br />
5 petroleum technical assessments and<br />
valuations can use the VALMIN Code as<br />
guidance, but it is not mandatory.<br />
38<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
“<br />
Arguably the biggest change to the VALMIN Code<br />
is the removal <strong>of</strong> the principle <strong>of</strong> Independence.”<br />
The changing Australian regulatory<br />
new committee member, with each working<br />
framework surrounding the VALMIN<br />
group focussed on a set section <strong>of</strong> the draft<br />
Code necessitated additional stakeholder code. The intent <strong>of</strong> this process was to share<br />
consultation and resulted in delays to the knowledge and provide fresh perspectives<br />
Valmin Code Changes<br />
© ingimage.com<br />
These changes are the result <strong>of</strong> a review<br />
process that began in 2010 with the VALMIN<br />
Committee undertaking an extensive<br />
stakeholder consultation process. Initially,<br />
this involved interviews with a cross-section<br />
<strong>of</strong> stakeholders to determine what were<br />
issues that needed to be addressed and<br />
improvements that could be made. Having<br />
gained an insight into stakeholder perceptions,<br />
seminars were run in Perth in October 2011<br />
and a second seminar held in Brisbane in<br />
April 2012. These seminars served to raise<br />
the awareness <strong>of</strong> the VALMIN Code’s review<br />
process and gain additional feedback. The<br />
VALMIN review process coincided with a<br />
period when a number <strong>of</strong> significant changes<br />
in regulatory reporting had also come into<br />
effect, such as:<br />
• ASIC Regulatory Guide 111 (Content<br />
<strong>of</strong> Expert Reports) and 112 RG112<br />
(Independence <strong>of</strong> Experts) which were<br />
released on 1 March 2011; and<br />
• Finalisation <strong>of</strong> the draft edition <strong>of</strong> the<br />
2012 edition <strong>of</strong> the JORC Code and<br />
the corresponding ASX Listing Rules<br />
(Chapter 5).<br />
process. The initial draft was circulated<br />
in November 2013 to key stakeholders<br />
comprising <strong>of</strong> <strong>AIG</strong>, AusIMM, MCA , ASX,<br />
ASIC, PESA and key industry practitioners.<br />
Extensive suggestions and comments on<br />
this draft were received by April 2014, but<br />
unfortunately it took until late 2014 to get the<br />
necessary feedback from all the stakeholders.<br />
Having incorporated the comments from<br />
the regulators, a public exposure draft was<br />
released for comment in April 2015.<br />
To assist in putting the proposed changes to<br />
the VALMIN Code into context and to collate<br />
further feedback, an exposure draft webinar<br />
was held in June 2015 prior to the closure<br />
<strong>of</strong> the public consultation process on<br />
17 July 2015.<br />
In recognition <strong>of</strong> the increasing workload<br />
due to the public submissions and subsequent<br />
marketing, the VALMIN Committee was<br />
expanded from seven to twelve members. In<br />
selecting the new members, an emphasis was<br />
placed on diversifying the skill and experience<br />
base <strong>of</strong> the committee. This expansion<br />
allowed the VALMIN Committee to benefit<br />
from insights from regulatory, legal, JORC<br />
Code and international perspectives.<br />
The public consultation submissions<br />
were allocated to small working groups<br />
comprised <strong>of</strong> at least one existing and one<br />
on the code. In December 2015 following<br />
engagement with the regulators on the<br />
penultimate draft, the <strong>AIG</strong> and AusIMM<br />
parent bodies <strong>of</strong> the VALMIN Code gave their<br />
approval and the finalised document was<br />
publicly released on 13 January 2016.<br />
A side-by-side comparison between the<br />
VALMIN Code (2005 Edition) and VALMIN<br />
Code (2015 Edition) is difficult due to the<br />
reorganisation <strong>of</strong> the document. The VALMIN<br />
Code now separates technical assessments<br />
and valuations into distinct sections. This<br />
structure makes the document more<br />
readable, easier to follow and more concise<br />
for practitioners only wanting to read the<br />
requirements <strong>of</strong> a technical assessment.<br />
Arguably the biggest change to the<br />
VALMIN Code is the removal <strong>of</strong> the principle<br />
<strong>of</strong> Independence. This former requirement<br />
resulted in the VALMIN Code becoming<br />
a code that was exclusively applied to<br />
consultants. The effect <strong>of</strong> removing the<br />
Independence principles is that it allows<br />
the author <strong>of</strong> a report to be an employee<br />
<strong>of</strong> the commissioning entity, as is the case<br />
with the JORC Code. The author(s) are still<br />
required to be reasonable and objective, and<br />
the Corporations Act, as discussed in ASIC<br />
RG111, outlines when there is a need to be<br />
independent.<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 39
A less obvious, but important change to<br />
accounting firm; in comparison, the VALMIN<br />
The divergence in terminology between<br />
the VALMIN Code was to the definitions. With<br />
Code (2005 Edition) definition <strong>of</strong> expert<br />
the JORC Code and the PRMS guidelines<br />
some pre-existing terms within the VALMIN<br />
largely refers to mining sector expertise. It is<br />
combined with the requirements <strong>of</strong> the ASX<br />
Code (2005 Edition) being inconsistent with<br />
common for a VALMIN Report to be part <strong>of</strong><br />
Listing Rules led to compromises for both<br />
definitions already defined by Australian<br />
an overarching document published by an<br />
sectors using VALMIN Code. Recognising the<br />
and International regulatory language. This<br />
AFSL holder, leading to a situation where all<br />
mineral-centric nature <strong>of</strong> the VALMIN Code,<br />
Valmin Code Changes<br />
included inconsistencies with the JORC<br />
Code and ASX listing rules, as well as other<br />
international terms. For example, the VALMIN<br />
2005 Code’s term Fair Market Value was<br />
changed to Market Value, the definition <strong>of</strong><br />
which is similar to that published in the IVS<br />
Glossary. The definition <strong>of</strong> Technical Value<br />
was aligned with the IVSC term Investment<br />
Value. Another area <strong>of</strong> misaligned terms<br />
authors were describing themselves as ‘the<br />
expert’ in a report that leads to a Valuation <strong>of</strong><br />
Securities. To provide clear guidance and to<br />
reduce any ambiguity or misinterpretation <strong>of</strong><br />
broader regulations, the VALMIN Code (2015<br />
Edition) adopted the term Specialist, a term<br />
which is consistent with what is described<br />
in the ASIC definitions. By updating the<br />
definitions and terms in this manner, VALMIN<br />
the wording around petroleum is changed<br />
from ‘mandatory’ to ‘guidance’. This change<br />
allows for the general concepts and good<br />
practice outlined in VALMIN (2015 Edition) to<br />
be applied in the Reporting and Valuation <strong>of</strong><br />
petroleum assets without running the risk <strong>of</strong><br />
incorrectly attributing a ‘must’ statement to<br />
a similar sounding, but significantly different<br />
petroleum term. Counterintuitively, this<br />
concerned ‘who is the expert?’. In the ASIC<br />
Code (2015) is clear and consistent, providing<br />
strengthens the VALMIN Code in relation to<br />
regulatory guides, the expert is typically the<br />
a better framework that interdisciplinary<br />
petroleum, as it gives disciplinary panels and<br />
entity that holds an Australian Financial<br />
teams can understand and with less risk <strong>of</strong><br />
regulators more latitude to make a case while<br />
Services Licence (AFSL), such as an<br />
misinterpretation.<br />
minimising the risk <strong>of</strong> a potential loophole<br />
being exploited.<br />
The VALMIN Code is part <strong>of</strong> a complex<br />
regulatory framework with a wide range<br />
<strong>of</strong> stakeholders within Australia and<br />
internationally. This framework includes<br />
government regulations, security exchange<br />
listing rules and financial standards relating to<br />
the mineral and petroleum industry. Changes<br />
to the regulatory environment occurring<br />
immediately before and during the VALMIN<br />
review process, necessitated a significant<br />
restructure and realignment <strong>of</strong> the Code.<br />
While containing many common elements,<br />
the VALMIN Code (2015 Edition) has a new<br />
structure and feel to its predecessor. The<br />
result is a new Code which is clear, concise<br />
and more effective in communicating<br />
international good practice in Public Reporting<br />
and Valuation in the mineral and petroleum<br />
Industries.<br />
40<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
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<strong>AIG</strong> NEWS Issue 123 · February 2016<br />
41
The Fold Experiment - Geologists Bias<br />
Geologists Are Highly Biased —<br />
How to take Business Advantage <strong>of</strong> this Bias<br />
Jun Cowan<br />
Recently I wrote a post about how a<br />
90% mineral res<strong>our</strong>ce downgrade<br />
could easily occur as a result <strong>of</strong> bias<br />
in the form <strong>of</strong> habitual behavi<strong>our</strong>. People<br />
<strong>of</strong>ten do not fully realise how extreme or<br />
entrenched human bias can be, nor the<br />
implications it has with regard to <strong>our</strong> scientific<br />
and business decisions. The purpose <strong>of</strong> this<br />
post is to illustrate a simple geological bias<br />
that can be demonstrated by anyone. As is<br />
the nature <strong>of</strong> any bias, this particular bias is<br />
virtually unknown in the geological pr<strong>of</strong>ession.<br />
We’ll examine the origin <strong>of</strong> this bias, and then I<br />
will share how I take advantage <strong>of</strong> widespread<br />
bias in my own business as a mining industry<br />
consultant.<br />
My epiphany<br />
Around 1990 when I was studying for my<br />
PhD at the University <strong>of</strong> Toronto, I learned<br />
something that was to change the way I<br />
viewed fellow geologists. It was nothing to<br />
do with my research, but a single sentence<br />
that I overheard at a student-faculty party that<br />
stopped me in my tracks and changed the<br />
way I thought. That sentence?<br />
“Did you know that most geologists will<br />
draw an antiform, as opposed to a synform, if<br />
you ask them to draw a fold?”<br />
The person who made the statement<br />
couldn’t tell me the s<strong>our</strong>ce <strong>of</strong> this claim, but<br />
it was the implication <strong>of</strong> this statement that<br />
really fascinated me. After all, if asked to draw<br />
a fold pr<strong>of</strong>ile, I would instinctively draw an<br />
antiform too.<br />
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42<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
“<br />
Could geologists be<br />
this biased?” I wondered.<br />
This claim bothered me for years, so I set<br />
up an experiment to test this hypothesis. I<br />
want to share the experiment with you in this<br />
post, as well as its outcome and implications,<br />
because the result <strong>of</strong> this simple experiment<br />
unexpectedly shaped my career direction<br />
in the mining industry. It might shift y<strong>our</strong><br />
perspective as well.<br />
Figure 1.<br />
Non-geologists who<br />
choose between<br />
synform or antiform<br />
produce results similar<br />
to the computer<br />
results (Figure 2).<br />
The Fold Experiment - Geologists Bias<br />
The Fold Experiment<br />
Eight years later I was in Perth working<br />
as a Postdoctoral Research Fellow at the<br />
University <strong>of</strong> Western Australia (UWA) and I<br />
decided to test this hypothesis. I devised a<br />
simple experiment, but first let me explain<br />
what I was testing.<br />
If you ask someone to choose between<br />
black or white, there’s a 0.5 probability for<br />
Figure 2.<br />
each <strong>of</strong> black or white to be selected. If you<br />
repeat this experiment many times by asking<br />
a population <strong>of</strong> people, approximately 50%<br />
will choose white, and the other 50%, black.<br />
This is a binary choice experiment, and the<br />
outcome is very predictable.<br />
With the fold experiment, instead <strong>of</strong> a<br />
choice between black or white, the choice<br />
is based on a geological choice, and the<br />
question is:<br />
“Imagine a single fold pr<strong>of</strong>ile. Do you see a<br />
synform or an antiform?”<br />
The choice between an antiform and a<br />
synform each has a 0.5 probability, so it’s<br />
identical to a choice between black or white.<br />
If you get a computer to randomly select<br />
between a synform and an antiform and do<br />
this experiment many times, the probability<br />
curve <strong>of</strong> the antiform bias would look like<br />
Figure 1. The peak <strong>of</strong> the bell curve sits right<br />
in between the synform and antiform options.<br />
The results in Figure 2 are based on a<br />
random survey <strong>of</strong> 32 people I conducted on<br />
UWA arts and commerce students who had<br />
no prior exposure to geology. I just walked<br />
up to a student at the UWA campus and my<br />
first screening question was “Do you know<br />
anything about geology?” If a student hadn’t<br />
studied geology or wasn’t exposed in any<br />
way to geology, then they became part <strong>of</strong> the<br />
control group.<br />
The students had to complete the activity<br />
sheet shown in Figure 3 and Figure 4 shows a<br />
completed example.<br />
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<strong>AIG</strong> NEWS Issue 123 · February 2016 43
The Fold Experiment - Geologists Bias<br />
Figure 3.<br />
Figure 4. A completed<br />
activity sheet. The<br />
question about the circle<br />
was to see if there<br />
was a relationship<br />
between the type <strong>of</strong><br />
fold drawn and the<br />
way people drew<br />
circles. There was no<br />
statistical relationship<br />
between the two.<br />
Geologists are not like computers<br />
So, given that I knew the control group <strong>of</strong> nongeologists<br />
acted pretty much like a random<br />
choice, it was time to find out how geologists<br />
responded to the same question.<br />
The result is illustrated in Figure 5. The<br />
pink bell curve shows a very strong antiform<br />
bias, and is the result <strong>of</strong> my 1998 experiment<br />
at UWA with 32 geology students and staff<br />
using the same activity shown in Figure 3.<br />
The statement I heard at that party almost a<br />
decade before was thus proven correct with<br />
this simple experiment.<br />
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44<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
“<br />
The bell curve<br />
indicates that 9 out <strong>of</strong> 10<br />
geologists, if asked the<br />
question <strong>of</strong> what fold they<br />
are imagining, will answer<br />
antiform in preference to<br />
synform.”<br />
In fact, the results between the geologists<br />
and non-geologists are so different they<br />
can be considered two completely different<br />
Figure 5.<br />
I haven’t had the opportunity to conduct a<br />
similarly large-scale control experiment using<br />
a large number <strong>of</strong> non-geologists.)<br />
What I have found from experience is that<br />
what ought to be a 0.5 probability outcome, is<br />
a 0.9 to 0.95 probability in fav<strong>our</strong> <strong>of</strong> antiforms<br />
The Fold Experiment - Geologists Bias<br />
populations.<br />
For the larger crowds I have not used the<br />
if you ask the fold question <strong>of</strong> a geologist.<br />
The overlap <strong>of</strong> the probability curves is<br />
worksheet from Figure 3, but instead have<br />
Several people have told me that they<br />
so minimal that we are likely to get a biased<br />
asked the participants to imagine a “pr<strong>of</strong>ile <strong>of</strong><br />
conducted their own experiments in their work<br />
result from geologists, no matter how many<br />
a fold.” I then asked them to raise their hand<br />
environments and, predictably, the results<br />
geologists we ask.<br />
if they imagined a synform, and followed with<br />
were the same as mine.<br />
The bell curve indicates that 9 out <strong>of</strong> 10<br />
asking for a show <strong>of</strong> hands if they imagined<br />
Try it now on an unsuspecting geologist<br />
geologists, if asked the question <strong>of</strong> what fold<br />
an antiform. Figure 6 shows a typical result in<br />
colleague who shares y<strong>our</strong> <strong>of</strong>fice, or phone a<br />
they are imagining, will answer antiform in<br />
a classroom setting Figure 6.<br />
geologist and ask the question. Repeat this<br />
preference to synform.<br />
During a 3D modelling c<strong>our</strong>se at University<br />
ten times and see whether you get the same<br />
<strong>of</strong> Tasmania, 21 MSc geology students<br />
9/10 result that I got every time.<br />
Testing on a larger population<br />
were asked to participate in the fold test.<br />
In his bestselling book The Signal and the<br />
These results were so striking that I wanted<br />
10 students did not vote, but out <strong>of</strong> the<br />
Noise, Nate Silver discusses how pr<strong>of</strong>essional<br />
to repeat this experiment at a much larger<br />
11 students that did vote, 11 imagined an<br />
gamblers take advantage <strong>of</strong> the very small<br />
gathering <strong>of</strong> geologists. I finally got around<br />
antiform. No one imagined a synform.<br />
percentages in their fav<strong>our</strong> to make a living<br />
to doing this at two large geoscience<br />
conferences more than a decade after<br />
my original experiment. The conferences<br />
were the 2011 AusIMM Mining Geology<br />
conference (Queenstown), and the 2012 <strong>AIG</strong><br />
Structural Geology and Res<strong>our</strong>ces conference<br />
(Kalgoorlie). At both conferences, about<br />
300 people were in each <strong>of</strong> the auditoriums<br />
when I asked the fold question. In each case<br />
about 15 people put up their hands in fav<strong>our</strong><br />
<strong>of</strong> synform, while the majority <strong>of</strong> the crowd<br />
fav<strong>our</strong>ed antiform, thus providing pro<strong>of</strong><br />
and confidence that the results <strong>of</strong> my 1998<br />
experiment can be scaled. (Unfortunately<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 45
from gambling. In the case <strong>of</strong> geologists<br />
The Fold Experiment - Geologists Bias<br />
and the question about synforms and<br />
antiforms, there’s a 9 out <strong>of</strong> 10 certainty<br />
that you can predict their answer—not 5 out<br />
<strong>of</strong> 10! This is a remarkable contrast and is<br />
probably unprecedented for such a simple<br />
binary choice experiment. View the pictures<br />
<strong>of</strong> the roulette wheel that represents how<br />
a computer sees this antiform (black) vs<br />
synform (red) draw (Figure 7), as opposed to<br />
how the geological community sees antiform<br />
vs synform (Figure 8), and you’ll realise the<br />
startling difference.<br />
But why this highly skewed result?<br />
The result <strong>of</strong> these fold experiments are quite<br />
remarkable.<br />
It’s a bit like discovering a group <strong>of</strong> people<br />
somewhere in the world who, when given<br />
a free choice between black and white,<br />
Figure 7:<br />
A computer’s<br />
antiform vs synform<br />
pick shown as a<br />
roulette wheel<br />
(50% red, 50% black).<br />
Figure 8: The<br />
geologists’ antiform<br />
(black) vs synform<br />
(red) pick shown as a<br />
roulette wheel.<br />
consistently pick one col<strong>our</strong> 9 out <strong>of</strong> 10 times.<br />
This is remarkable, <strong>of</strong> c<strong>our</strong>se, but what is truly<br />
remarkable is most geologists are completely<br />
unaware <strong>of</strong> this bias.<br />
While geologists are curious about this<br />
result, they are <strong>of</strong>ten not shocked by it.<br />
Astonishingly, most geologists think this result<br />
is natural and quite normal, and I have found<br />
that they’ve <strong>of</strong>ten come up with imaginative<br />
reasons why geologists behave this way.<br />
But there is nothing normal about this<br />
asymmetry and departure from what should<br />
be a coin-toss probability, so the next obvious<br />
question is: Why is the outcome so skewed?<br />
Well, I don’t exactly know why, and I will<br />
speculate here, but I did search for research<br />
papers on the psychology <strong>of</strong> geological<br />
interpretations. However, there’s very little and<br />
although I’ve not done an exhaustive search,<br />
I speculate that fewer than 20 papers have<br />
been written on the subject since the 1970s.<br />
I could only find one experimental study<br />
that was anything like my experiment and<br />
that was conducted by structural geologist<br />
Peter K. Chadwick who published his result<br />
in the j<strong>our</strong>nal Nature in 1975. The conclusion<br />
Chadwick reached was that humans were<br />
hardwired to see antiforms over synforms<br />
(Chadwick, 1975, 1982). This conclusion was<br />
based on eye tracking experiments performed<br />
on 20 geologists and 20 non-geologists. The<br />
eyes <strong>of</strong> both groups <strong>of</strong> people preferentially<br />
looked at antiformal closures.<br />
However, the results <strong>of</strong> my experiment are<br />
not consistent with Chadwick’s conclusion—<br />
my control group <strong>of</strong> 32 non-geologists<br />
showed a completely different result<br />
compared to 32 geologists. When I chose<br />
my test candidates from the UWA campus<br />
in 1998, I made sure that the students in<br />
the control <strong>sample</strong> did not have any prior<br />
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exposure to geology. I deliberately chose<br />
those who had no idea about geology, so if<br />
a student asked “What’s geology?” then they<br />
were the perfect candidate for my experiment.<br />
My guess is that the antiform bias seen in<br />
the results from the geological community<br />
is due to subliminal conditioning caused by<br />
the geological education process. The only<br />
difference between a non-geologist and a<br />
geologist is their education. If you think back<br />
46<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
The Fold Experiment - Geologists Bias<br />
Figure 9. Most geology text books show pictures <strong>of</strong> antiforms when they<br />
introduce the concept <strong>of</strong> folding.<br />
to y<strong>our</strong> undergraduate years, you may recall<br />
that when you were first introduced to folding,<br />
you were most likely shown a picture <strong>of</strong> an<br />
anticline, not a syncline. If you examine any<br />
number <strong>of</strong> geological text books, you will<br />
notice that this pattern <strong>of</strong> biased illustration <strong>of</strong><br />
antiforms over synforms is repeated (Figure 9).<br />
Implications <strong>of</strong> the ‘Fold test’<br />
I’m suggesting that the antiform bias that<br />
we geologists have is a consequence <strong>of</strong><br />
unintentional brainwashing, and a sure<br />
sign <strong>of</strong> brainwashing is that those who are<br />
brainwashed have no idea that they were<br />
brainwashed. Perhaps there is a bias in the way<br />
academic geologists preferentially illustrate<br />
antiforms in textbooks, as Chadwick (1975)<br />
had speculated, but I think this effect is further<br />
amplified by geology students who absorb<br />
and then repeat this pattern without thinking.<br />
If this extreme bias that we see in <strong>our</strong><br />
geological community is due to passive and<br />
unintended brainwashing, then consider the<br />
outcome if a message is pounded into us<br />
intentionally and repeatedly by an enthusiastic<br />
and charismatic academic or industry leader.<br />
These ideas could be mineralisation models<br />
(eg Shear-Zone Hosted Gold, SEDEX, VMS), or<br />
some geological theory (eg Plate Tectonics,<br />
Expanding Earth), or they may be a habitual<br />
analytical process, as I’ve addressed recently<br />
about mineral res<strong>our</strong>ce estimation downgrades.<br />
This brainwashing is no different to that<br />
used in product advertisements—after a while<br />
you become oblivious to what you are told<br />
repeatedly, and eventually it just becomes<br />
part <strong>of</strong> y<strong>our</strong> language and even thinking. You<br />
don’t question it, but simply accept it, and the<br />
ideas are interwoven with y<strong>our</strong> beliefs, without<br />
you ever realising that you were brainwashed<br />
in the first place. Any ideas that are counter<br />
to what you are told are rejected without any<br />
rigorous testing. Everyone else exposed to the<br />
same brainwashing messages is in the same<br />
boat and everyone agrees with each other.<br />
But what if the message you were told for<br />
decades was actually wrong? What if the<br />
exploration model that y<strong>our</strong> company uses<br />
is incorrect and cannot represent nature,<br />
yet everyone around you is brainwashed<br />
to believe it? This could be costing y<strong>our</strong><br />
company a lot <strong>of</strong> money, perhaps millions <strong>of</strong><br />
dollars every year.<br />
It would be a difficult job to turn y<strong>our</strong><br />
thinking around because you’ve been told the<br />
message over and over again. It just becomes<br />
part <strong>of</strong> you so you vigorously defend it, even if<br />
it was an idea invented by someone else. It’s<br />
been in y<strong>our</strong> system for so long that it simply<br />
becomes part <strong>of</strong> y<strong>our</strong> thinking. In fact, it<br />
becomes part <strong>of</strong> the community so when the<br />
bias is pointed out (such as the fold bias), you<br />
don’t quite grasp the extreme (9/10!) nature <strong>of</strong> it.<br />
With this sort <strong>of</strong> bias and entrenched<br />
thinking, it’s not surprising that major<br />
scientific breakthroughs don’t happen very<br />
<strong>of</strong>ten.<br />
This is the scary implication <strong>of</strong> the fold<br />
bias if extrapolated to other parts <strong>of</strong> <strong>our</strong><br />
pr<strong>of</strong>essional lives, but how can we learn and<br />
make practical use <strong>of</strong> the realisation that such<br />
biases exist?<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 47
The Fold Experiment - Geologists Bias<br />
I became a contrarian because <strong>of</strong> that<br />
simple statement I overheard at a party when<br />
I was a grad student nearly 30 years ago. A<br />
contrarian consciously determines what the<br />
majority are doing or thinking (this is not as<br />
easy as it sounds), and then thinks exactly the<br />
opposite to seek out untapped opportunities.<br />
Fifteen years ago, I came up with the<br />
Leapfrog s<strong>of</strong>tware concept, which is now<br />
regarded as mainstream mining/exploration<br />
s<strong>of</strong>tware, but back in 2001 I was completely<br />
alone in thinking that 3D interpolation could<br />
replace traditional sectional digitisation. In<br />
my mind, I could visualise this happening.<br />
However, most geologists, including many <strong>of</strong><br />
way herds behave. Herds rarely head <strong>of</strong>f in<br />
a direction unprompted, unless they see a<br />
substantial number <strong>of</strong> animals heading that<br />
way. Herds are not easily led by a delusional<br />
lone animal.<br />
But as a contrarian thinker, I soon realised<br />
that actively thinking the opposite can present<br />
untapped business opportunities because <strong>of</strong> the<br />
complete lack <strong>of</strong> competition. A lone sheep can<br />
come across vast green pastures where there<br />
are no other sheep to compete with.<br />
However, pr<strong>of</strong>ound changes that go against<br />
the herd mentality do not happen overnight—it<br />
took many years for the mining industry to see<br />
the value <strong>of</strong> Leapfrog s<strong>of</strong>tware, and even now,<br />
my experiment and ask an unsuspecting<br />
geologist the fold question:<br />
“Imagine a single fold pr<strong>of</strong>ile. Do you see a<br />
synform or an antiform?”<br />
This post (modified from the original The<br />
System), and many more like this, can be<br />
found on the Orefind website. Dr Jun Cowan<br />
is a structural geologist and a co-director <strong>of</strong><br />
Orefind along with fellow structural geologist<br />
Dr Brett Davis. Orefind’s mission is to make<br />
a material difference to mining operations,<br />
exploration companies and to investors.<br />
We achieve this through the investigation<br />
<strong>of</strong> structural geology at all scales and in the<br />
quickest possible time.<br />
my work colleagues, and, without exception,<br />
most geologists who use it don’t realise how<br />
all the mining s<strong>of</strong>tware companies I talked to,<br />
powerful it is.<br />
thought the idea was a bit loopy. The hardest<br />
There are many untapped business<br />
sell was to mining consulting companies, and<br />
opportunities in the mining industry that are<br />
in the early years I never achieved long-term<br />
the direct consequence <strong>of</strong> human bias (which<br />
sales to any <strong>of</strong> the consulting companies.<br />
I will cover in future posts), but before you can<br />
It is ironic to see consultants who rejected<br />
see these opportunities, you must become<br />
the s<strong>of</strong>tware back then are now singing the<br />
aware that geologists are highly biased. If<br />
praises <strong>of</strong> Leapfrog s<strong>of</strong>tware, but that is the<br />
you don’t believe me, I dare you to try out<br />
Acknowledgement<br />
Dr Stefan Revets for discussions and help with the statistics in the original 1998 UWA study.<br />
References<br />
Chadwick, P.K., 1975, A psychological analysis <strong>of</strong> observation in geology. Nature 256, p. 570-573.<br />
Chadwick, P.K., 1982, “Earth-boundness” in geological observation. Geology Teaching – J<strong>our</strong>nal <strong>of</strong> the Association <strong>of</strong> Teachers <strong>of</strong> Geology, 7(1), p. 16-22.<br />
Sliver, N., 2012, The Signal and the Noise: The Art and Science <strong>of</strong> Prediction. Penguin Books, London.<br />
48<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016
Events calendar<br />
Keep up to date with upcoming <strong>AIG</strong> and Geological events at www.aig.org.au/events<br />
March 2016<br />
May 2016<br />
17th Annual Geoscience Exploration Seminar<br />
Mineral Res<strong>our</strong>ce and Ore Reserve Review<br />
2015 VALMIN Code Roadshow: Sydney<br />
- AGES 2016<br />
Workshop<br />
May 3, 2016<br />
March 15-16, 2016<br />
March 30, 2016<br />
To be advised, Sydney NSW<br />
Alice Springs Convention Centre, Alice Springs NT<br />
SRK Consulting, West Perth WA<br />
IOCG and Other Mineral Systems in the<br />
World-Class Cloncurry District: New<br />
Advances in Exploration and Deposit<br />
Understanding<br />
March 16-18, 2016<br />
Cloncurry, Cloncurry QLD<br />
The Record <strong>of</strong> Past Climates in Tsunami<br />
Deposits<br />
March 30, 2016<br />
Woolnough Lecture Theatre, 1.07, Geography<br />
and Geology Building, University <strong>of</strong> Western<br />
Australia, Crawley WA<br />
UBC-SEG Student Chapter Mongolia Field Trip<br />
May 4-20, 2016<br />
National University <strong>of</strong> Mongolia, Ulaanbaatar<br />
Hyperspectral Analysis for Exploration and<br />
Mining - A silver bullet?<br />
May 9, 2016<br />
Events Calendar<br />
Value From Exploration Geology: Cobar<br />
April 2016<br />
CSIRO Australian Res<strong>our</strong>ces Research Centre,<br />
Kensington WA<br />
March 16, 2016<br />
Cobar Bowling and Golf Club, Cobar NSW<br />
2015 Valmin Roadshow: Perth<br />
2016 Contaminated Land Conference<br />
April 12, 2016<br />
May 31, 2016<br />
Legal Considerations <strong>of</strong> Contaminated Land<br />
To be advised, Perth WA<br />
Western Plains Zoo, Dubbo NSW<br />
Management<br />
March 17, 2016<br />
Recent Changes to WA Exploration and<br />
June 2016<br />
Ashurst, Brisbane QLD<br />
Mining Regulations<br />
April 15, 2016<br />
The Third AusIMM International<br />
Management <strong>of</strong> Petroleum Hydrocarbon<br />
Burswood on Swan Convention Centre,<br />
Geometallurgy Conference<br />
Groundwater Contamination<br />
Burswood WA<br />
June 15-17, 2016<br />
March 21, 2016<br />
Pan Pacific Hotel Perth, Perth WA<br />
King & Wood Malleson, Melb<strong>our</strong>ne VIC<br />
Integrated Spatial Analysis and Remote<br />
Sensing <strong>of</strong> Mineral Exploration Targets<br />
July 2016<br />
Value From Exploration Geology: Tullah<br />
April 18-29, 2016<br />
March 21, 2016<br />
James Cook University, Townsville QLD<br />
Brownfields Exploration: Deep and<br />
To be advised, Tullah TAS<br />
Meaningful<br />
2015 VALMIN Code Roadshow: Melb<strong>our</strong>ne<br />
July 30, 2016<br />
A.K. Denmead Memorial Lecture<br />
April 18, 2016<br />
WMC Conference Centre, Kalgoorlie WA<br />
March 22, 2016<br />
The Theodore Club, Brisbane QLD<br />
To be advised, Melb<strong>our</strong>ne VIC<br />
August 2016<br />
2015 VALMIN Code Roadshow: Brisbane<br />
Management <strong>of</strong> Petroleum Hydrocarbon<br />
April 26, 2016<br />
ASEG-PESA-<strong>AIG</strong> 2016: 25th International<br />
Groundwater Contamination<br />
To be advised, Brisbane QLD<br />
Geophysical Conference and Exhibition<br />
March 23, 2016<br />
August 21-24, 2016<br />
Maddocks, Sydney NSW<br />
Terroir <strong>of</strong> Heathcote Wine Region Study T<strong>our</strong><br />
Adelaide Convention Centre, Adelaide SA<br />
April 30, 2016<br />
Heathcote Wine Region, Heathcote VIC<br />
<strong>AIG</strong> NEWS Issue 123 · February 2016 49
<strong>AIG</strong> Council for 2015–2016<br />
EXECUTIVE<br />
President: Wayne Spilsbury<br />
0418 957 089, president@aig.org.au<br />
Vice President: Mike Erceg<br />
0458 051 400, vicepresident@aig.org.au<br />
Treasurer: Peter Lewis<br />
treasurer@aig.org.au<br />
Secretary: Adrian Diaz<br />
0427 986 919, secretary@aig.org.au<br />
Executive Officer: Lynn Vigar<br />
0400 323 067, exec@aig.org.au<br />
Councillors<br />
Anne Tomlinson 0400 183 679, anne.tomlinson@aig.org.au<br />
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LEGAL COMMITTEE<br />
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50 <strong>AIG</strong> NEWS Issue 123 · February 2016