<div><strong>Output type: </strong>Exploring for the Future Extended Abstract <strong> </strong></div><div><br></div><div><strong>Short abstract: </strong>There is an increased international focus on achieving high environmental, socio-economic, and governance (ESG) outcomes within mineral supply chains, in addition to delivering positive economic results. Mineral exploration and development projects must balance these disparate objectives to the satisfaction of separate stakeholders. However, the challenge of reconciling distinct preferences can obscure viable outcomes and confound project selection, particularly in the early stages of project development. Here, we discuss how such investment decisions can be treated as multicriteria optimization problems. In appraising the pre-competitive potential for nickel sulphide developments, we show how this approach can be used to effectively evaluate competing objectives and to locate regions that perform best under a range of different metrics. We outline a mapping framework that identifies Australian regions that optimally balance geological potential, economic value, and environmental impact. Our workflow creates a new capability within Australia to incorporate high-level, holistic information into the earliest stages of exploration. While this abstract focuses on mineral exploration, the modelling could be extended to other Australian resource development applications. Importantly, our results further underscore the need to compile baseline ESG datasets across Australia to help drive sustainable exploration decisions.</div><div><br></div><div><strong>Citation:</strong> Walsh S.D.C., Haynes M.W. &amp; Wang C., 2024. Multicriteria resource potential mapping: balancing geological, economic &amp; environmental factors. In: Czarnota, K. (ed.) Exploring for the Future: Extended Abstracts. Geoscience Australia, Canberra. https://doi.org/10.26186/149250</div>

The Exploring for the Future program Showcase 2024 was held on 13-16 August 2024. Day 3 - 15th August talks included: <b>Session 1 – Hydrogen opportunities across Australia</b> <a href="https://youtu.be/pA9ft3-7BtU?si=V0-ccAmHHIYJIZAo">Hydrogen storage opportunities and the role of depleted gas fields</a> - Dr Eric Tenthorey <a href="https://youtu.be/MJFhP57nnd0?si=ECO7OFTCak78Gn1M">The Green Steel Economic Fairways Mapper</a> - Dr Marcus Haynes <a href="https://youtu.be/M95FOQMRC7o?si=FyP7CuDEL0HEdzPw">Natural hydrogen: The Australian context</a> - Chris Boreham <b>Session 2 – Sedimentary basin resource potential – source rocks, carbon capture and storage (CCS) and groundwater</b> <a href="https://youtu.be/44qPlV7h3os?si=wfQqxQ81Obhc_ThE">Australian Source Rock and Fluid Atlas - Accessible visions built on historical data archives</a> - Dr Dianne Edwards <a href="https://youtu.be/WcJdSzsADV8?si=aH5aYbpnjaz3Qwj9">CO2: Where can we put it and how much will it cost?</a> - Claire Patterson <a href="https://youtu.be/Y8sA-iR86c8?si=CUsERoEkNDvIwMtc">National aquifer framework: Putting the geology into hydrogeology</a> - Dr Nadege Rollet <b>Session 3 – Towards a national inventory of resource potential and sustainable development</b> <a href="https://youtu.be/K5xGpwaIWgg?si=2s0AKuNpu30sV1Pu">Towards a national inventory of mineral potential</a> - Dr Arianne Ford <a href="https://youtu.be/XKmEXwQzbZ0?si=yAMQMjsNCGkAQUMh">Towards an inventory of mine waste potential</a> - Dr Anita Parbhakar-Fox <a href="https://youtu.be/0AleUvr2F78?si=zS4xEsUYtARywB1j">ESG mapping of the Australian mining sector: A critical review of spatial datasets for decision making</a> - Dr Eleonore Lebre View or download the <a href="https://dx.doi.org/10.26186/149800">Exploring for the Future - An overview of Australia’s transformational geoscience program</a> publication. View or download the <a href="https://dx.doi.org/10.26186/149743">Exploring for the Future - Australia's transformational geoscience program</a> publication. You can access full session and Q&A recordings from YouTube here: 2024 Showcase Day 3 - Session 1 - <a href="https://www.youtube.com/watch?v=Ho6QFMIleuE">Hydrogen opportunities across Australia</a> 2024 Showcase Day 3 - Session 2 - <a href="https://www.youtube.com/watch?v=ePZfgEwo0m4">Sedimentary basin resource potential – source rocks, carbon capture and storage (CCS) and groundwater</a> 2024 Showcase Day 3 - Session 3 - <a href="https://www.youtube.com/watch?v=CjsZVK4h6Dk">Towards a national inventory of resource potential and sustainable development</a>