Product catalogue
The Impact and Value of Pre-competitive Geoscience
Geoscience Australia commissioned ACIL Allen Consulting (ACIL Allen) to independently quantify the return on investment from six pre-competitive geoscience projects. These projects include three from the first phase of the $225 million Exploring for the Future (EFTF) program (2016-2024) and three pre-EFTF projects that were undertaken within the last two decades: the Mineral Potential Mapper Project (2012-2016), the Salt Lakes Study (2012-2014), and the Northeast Yilgarn Project (2001-2004). ACIL Allen has shown that the net benefits that have been estimated to flow as a result of Geoscience Australia’s spending on each of the projects are all positive, and in many cases, quite large.
The return on investment analysis for the three EFTF case studies is published separately ( https://pid.geoscience.gov.au/dataset/ga/132897) and the analysis of the three pre-EFTF case studies is available here in three standalone reports. An additional overview report synthesises the findings from all six case studies to assess the broader impact and value of pre-competitive geoscience projects. This synthesis includes projects undertaken by Geoscience Australia alone or in collaboration with state/territory geological surveys and other research organisations.
ACIL Allen estimated that the net present value of benefits to Australia attributed to Geoscience Australia’s contribution to the three pre-EFTF projects are between $962 million and $2.4 billion, depending on the scenario considered. ACIL Allen also estimated that for every dollar invested by Geoscience Australia in these pre-EFTF projects, the Australian Government could gain a net benefit of at least $15 and potentially as much as $157. The analysis also shows that direct jobs associated with mining operations potentially arising from GA’s work on the six projects could number in the thousands.
The ACIL Allen analysis also demonstrates that considerable time may elapse between the completion of a Geoscience Australia project and commencement of the mining of any resources that are identified. The three pre-EFTF projects examined suggest that it is around 10 years between the publication of Geoscience Australia’s results and the development of a mine. Therefore, If the development of any resources based on the findings of the EFTF projects follow similar timelines, then we could potentially expect to see new mines in operation sometime between 2026 and 2030.
Simple
Identification info
- Date (Publication)
- 2020-07-31
- Date (Revision)
- 2021-03-03T00:38:05
- Citation identifier
- Geoscience Australia Persistent Identifier/https://pid.geoscience.gov.au/dataset/ga/145195
- Citation identifier
- Digital Object Identifier/https://dx.doi.org/10.26186/145195
- Cited responsible party
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Role Organisation / Individual Name Details Publisher Commonwealth of Australia (Geoscience Australia)
Voice Author ACIL Allen Consulting
External Contact
- Purpose
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Geoscience Australia commissioned this independent expert report to quantify the return on investment, primarily in terms of returns to government through increased government revenue, for selected case studies from the EFTF and earlier precompetitive geoscience programs. This return on investment analysis was undertaken to demonstrate the justification for Government investment in pre-competitive geoscience.
- Status
- Final
- Point of contact
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Role Organisation / Individual Name Details Point of contact Commonwealth of Australia (Geoscience Australia)
Voice Point of contact Hackney, R.
MEG Internal Contact
- Spatial representation type
- Topic category
-
- Geoscientific information
Extent
Extent
))
- Maintenance and update frequency
- As needed
Resource format
- Title
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Product data repository: Various Formats
- Website
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Data Store directory containing the digital product files
Data Store directory containing one or more files, possibly in a variety of formats, accessible to Geoscience Australia staff only for internal purposes
- theme.ANZRC Fields of Research.rdf
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GEOPHYSICS
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Agricultural Economics
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Public Economics- Taxation and Revenue
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GEOLOGY
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Hydrogeology
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Petroleum and Coal Geology
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EARTH SCIENCES
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Ore Deposit Petrology
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Agricultural Land Planning
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OTHER EARTH SCIENCES
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Economic Development and Growth
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- Project
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Exploring For The Future
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- Project
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EFTF
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- Keywords
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Published_External
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Resource constraints
- Title
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Creative Commons Attribution 4.0 International Licence
- Alternate title
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CC-BY
- Edition
-
4.0
- Access constraints
- License
- Use constraints
- License
Resource constraints
- Title
-
Australian Government Security ClassificationSystem
- Edition date
- 2018-11-01T00:00:00
- Classification
- Unclassified
Associated resource
- Association Type
- Is composed of
- Title
-
Exploring for the Future Program: Return on Investment Analysis
- Citation identifier
- 132897
- Citation identifier
- 3245d962-4862-43a0-ba7b-925a085e9151
- Language
- English
- Character encoding
- UTF8
Distribution Information
- Distributor contact
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Role Organisation / Individual Name Details Distributor Commonwealth of Australia (Geoscience Australia)
Voice
- OnLine resource
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Download Overview Report (pdf) [1.3 MB]
Download Overview Report (pdf) [1.3 MB]
- Distribution format
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pdf
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- OnLine resource
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Download Mineral Potential Mapper Study (pdf) [1.1 MB]
Download Mineral Potential Mapper Study (pdf) [1.1 MB]
- Distribution format
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pdf
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- OnLine resource
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Download Salt Lakes Study (pdf) [557 KB]
Download Salt Lakes Study (pdf) [557 KB]
- Distribution format
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pdf
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- OnLine resource
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Download NE Yilgarn Study (pdf) [947 KB]
Download NE Yilgarn Study (pdf) [947 KB]
- Distribution format
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pdf
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Resource lineage
- Statement
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ACIL Allen Consulting were contracted by Geoscience Australia to prepare these independent reports in May 2020 and the final reports were provided in September 2020.
Metadata constraints
- Title
-
Australian Government Security Classification System
- Edition date
- 2018-11-01T00:00:00
- Classification
- Unclassified
Metadata
- Metadata identifier
-
urn:uuid/5937edd7-2c89-4e66-a73a-75f978bd2671
- Title
-
GeoNetwork UUID
- Language
- English
- Character encoding
- UTF8
- Contact
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Role Organisation / Individual Name Details Point of contact Commonwealth of Australia (Geoscience Australia)
Voice Owner Haynes, M
MEG Internal Contact Point of contact Hackney, R.
MEG Internal Contact
Type of resource
- Resource scope
- Document
- Name
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Independent consultancy report
Alternative metadata reference
- Title
-
Geoscience Australia - short identifier for metadata record with
uuid
- Citation identifier
- eCatId/145195
- Date info (Creation)
- 2019-04-08T01:55:29
- Date info (Revision)
- 2019-04-08T01:55:29
Metadata standard
- Title
-
AU/NZS ISO 19115-1:2014
Metadata standard
- Title
-
ISO 19115-1:2014
Metadata standard
- Title
-
ISO 19115-3
- Title
-
Geoscience Australia Community Metadata Profile of ISO 19115-1:2014
- Edition
-
Version 2.0, September 2018
- Citation identifier
- https://pid.geoscience.gov.au/dataset/ga/122551