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MINERALS UPDATE
 

September 2018

In this edition:

  • Stawell Mine Reopens 
  • State of Discovery: Minerals Resources Strategy 2018–2023
  • Earth Resources Fast Facts
  • Stavely Ground Release tender update
  • Upcoming events
  • Industry news

Stawell Mine Reopens 

Minister for Resources, Tim Pallas, visited the Stawell Gold Mine on 28 August to celebrate its upcoming return to production, with 65 new jobs added since last year and a workforce set to grow further in coming months.

Arete Capital Partners, a natural resources and mining private equity group, took ownership of the mine in 2017. Operations will focus on exploration activity underground on the eastern flank of the Magdala basalt dome.

Victoria - the State of Discovery

The Victorian Government has developed the State of Discovery: Mineral Resources Strategy 2018-2023 to help grow investment and jobs in Victoria’s minerals sector.

This strategy delivers a whole-of-government approach across the mining lifecycle.

It sets a path for improving the administration and enforcement of the state's regulatory framework for managing the social, environmental and economic conditions of the mining industry.

The strategy highlights the Government’s priorities for investment in pre-competitive geoscience and the reduction of costs and red-tape for the minerals sector. It also involves leveraging Victoria’s world-leading business conditions, infrastructure, corporate connectedness, educational excellence and workforce preparedness.

The strategy outlines areas for actions under five themes:

  • Confident communities and responsible explorers
  • Advancing geoscience and encouraging mineral exploration and development
  • Victoria as a global mining hub
  • Improve regulation practice and industry compliance
  • Deliver modern, fit-for-purpose laws

Access the full Mineral Resources Strategy 2018-2023

Did you know that in Victoria during 2016/17…

  • Minerals exploration resulted in drilling equivalent to 10 times the height the Earth’s highest mountain plus the depth of the deepest point in the world’s oceans.
  • 57.4m tonnes of extractives were produced to support $44b in local construction activity.
  • There were 11,500 resources sector jobs in Victoria.
 

These facts come directly from the Earth Resources Sector Indicators, the Victorian Government's new annual snapshot of the sector.

The initial set of indicators, presenting Victoria’s earth resources data for the 2016-17 financial year can be viewed in full here or summary here.

The report will be used to develop additional indicators to support decision making within the sector.

Stavely Ground Release tender update

The public tender of 11 new minerals exloration blocks in the southern part of the Stavely Arc closed on 15 August 2018. 

The tender included the opportunity to apply for up to $500,000 in minerals exploration grant co-funding per block from the Victorian Government’s $15 million TARGET Minerals Exploration Initiative’s grants program.

Outcomes of the tender are expected to be announced later this year, subject to evaluation and government approvals.

As part of our ongoing commitment to community engagement, nine information sessions were recently held in towns throughout regional western Victoria. These information sessions were a great opportunity for local residents to learn about minerals exploration and mining, and become familiar with the ground release and tender process. 

Further information on the competitive tender process and geoscience data, reports and models can be found here.

Upcoming Events

 

International Mining and Resources Conference 2018
Victorian Government representatives available in the Victorian Government Pavilion.

Australia’s largest mining conference includes Mines and Money Australia, the country’s largest mining investment forum. More than 4,000 mining leaders, policy makers, financiers, technical experts, innovators and educators are expected and will hear from over 200 international speakers for four days of learning, deal-making and unparalleled networking.

The IMARC event will also coincide with the International Council on Mining and Metals (ICMM) bi-annual Council meeting, which is being held in Melbourne at the same time.  This also marks the first time the event will be hosted outside of London.

Find out more

 

Australian Institute of Geoscientists
OREAS Victoria Minerals Round-up

November 15  – Turbidite Workshop
November 16 – Conference

Thanks to recent discoveries Victoria’s mineral potential is gaining greater attention. This year's AIG conference will examine the exploration concepts that have led to this success and show case the opportunities that exist for further exploration and development.

The Geological Survey of Victoria will be presenting on the deep seismic acquisition in northeast Victoria that occured early 2018.

Find out more and register your place

Industry News

Some recent highlights from the minerals industry in Victoria:

Carawine Resources

20 August: Strong Finish To Maiden Drilling Program At Hill 800

6 August: 50m@3.08g/t Au Increases Strike Potential At Hill 800
 

Catalyst Metals

25 July: Catalyst Commences Air Core Drilling On 100% Owned Drummartin Licence

23 July: Catalyst Signs Earn-In Agreement For New Area Of Fosterville In Victoria
 

Dart Mining

10 September: Exploration Update: Dorchap Lithium Project

3 August: Lithium Exploration Programme Update
 

ECR Minerals

5 September: Further Updates - New Gold Targets Blue Moon Australia

3 September: New Gold Targets Blue Moon Australia
 

Kirkland Lake Gold

31 July: Kirkland Lake Gold Reports New High-Grade, Visible-Gold Bearing Intercepts at Swan Zone, Additional Growth In Swan Mineral Reserves Expected
 

Navarre Minerals

30 July: Drilling Confirms New Discovery At St Arnaud Gold Project
 

Stavely Minerals

5 September: New Assay Results Of Up To 5.68 g/t Gold And 6m At 0.61 g/t Gold And 0.25% Copper Support Porphyry Hunt

29 August: Wide Zones Of Hydrothermal Breccia With Magnetite And Bornite Mineralisation In Latest Diamond Hole

30 July: Strong Copper and Polymetallic Mineralisation in Porphyry ‘D’ Veins as Drilling Targets Magnetic Features

 
 

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The information presented in the Industry News section is provided for your reference, without any explicit or implied endorsement by the Department.

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