A comprehensive geochemical program was carried out on rock samples collected in the NDI Carrara 1 drill hole, the first stratigraphic test of the newly discovered Carrara Sub-basin located in the South Nicholson region of northern Australia. The drill hole recovered continuous core from 284 m to total depth at 1750 m and intersected approximately 1120 m of Proterozoic sedimentary rocks, unconformably overlain by 630 m of Cambrian Georgina Basin carbonate-rich rocks. Total organic carbon (TOC) contents from Rock-Eval pyrolysis highlight the potential for several thick black shales to be a source of petroleum for conventional and unconventional plays. Cambrian rocks contain an organic-rich section with TOC contents of up to 4.7 wt.% and excellent oil-generating potential. The Proterozoic section is overmature for oil generation but mature for gas generation, with potential for generating gas in carbonaceous mudstones showing TOC contents up to 5.5 wt.% between 680 and 725 m depth. A sustained release of methane (up to 2%) recorded during drilling from 1150 to 1500 m suggests potential for an unconventional gas system in the Proterozoic rocks from 950 to 1415 m depth, which exhibit favourable organic richness and thermal maturity. The Proterozoic rocks, which are comparable in age to the sediment-hosted deposits of the Century Mine, contain local occurrences of lead, zinc and copper sulfide minerals providing hints of mineralisation. The combined geochemical results offer the promise of a potential new resource province in northern Australia. <b>Citation:</b> E. Grosjean, A.J.M. Jarrett, C.J. Boreham, L. Wang, L. Johnson, J.M. Hope, P. Ranasinghe, J.J. Brocks, A.H.E. Bailey, G.A. Butcher, C.J. Carson, Resource potential of the Proterozoic–Paleozoic Carrara depocentre, South Nicholson region, Australia: Insights from stratigraphic drilling, <i>Organic Geochemistry</i>, Volume 186, 2023, 104688, ISSN 0146-6380, DOI: https://doi.org/10.1016/j.orggeochem.2023.104688.

Stratigraphic drill hole NDI Carrara 1 was drilled as a collaboration between Geoscience Australia (GA), the Northern Territory Geological Survey (NTGS) and the Mineral Exploration Cooperative Research Centre (MinEx CRC). It reached a total depth of 1751 m in late 2020 and is the first drill hole to intersect the undifferentiated Proterozoic rocks of the Carrara Sub-Basin. It intersected approximately 630 m of Cambrian Georgina Basin sedimentary rocks overlying the ~1100 m of Proterozoic carbonates, black shales and other siliciclastics of the Carrara Sub-Basin succession. The formational assignments of the Georgina Basin succession are preliminary and were assigned in the field. The units intersected comprise the Border Waterhole Formation (~531m to ~630m), which is overlain by the Currant Bush Limestone (~249m to ~531m), which in turn is overlain by the Camooweal Dolostone (0m to ~249m). Of these, only the lower 80% of the Currant Bush Limestone and the entire Border Waterhole Formation were cored. This report presents biostratigraphic results from macrofossil examination of NDI Carrara 1 core samples within the Georgina Basin section.