Authors / CoAuthors
Huelatt, M.B. | Towner, R.R. | Jaques, A.L.
Abstract
The global downturn in mineral exploration continued in 2001 as planned world-wide expenditure fell to US$2.2 billion from US$2.6 billion in 2000. Australia is the world's leading exploration destination with 17.5% of world mineral exploration budgets. Mineral exploration in Australia in 2000-01 totalled $683.3 million, the first increase (in current dollars) in exploration spending since 1996-97. Western Australia was the leading state for exploration with $424.1 million spent. Gold was the major commodity targeted accounting for 54% of all exploration spending. Access to government-generated geoscientific data and information was improved with the development of the Australian geoscience web portal - <a href="http://www.geoscience.gov.au." target="_blank">www.geoscience.gov.au</a>. Minotaur Resources Ltd reported significant copper-gold-uranium intersections from the Mt Woods Joint Venture, South Australia. Acclaim Exploration NL reported a nickel oxide intersection of 144 m at 1.4% Ni from Wingellina in the Giles Complex, Western Australia. Sipa Resources International NL reported high grade gold intersections at the Waugh prospect, Western Australia, including 15 m at 57.2 g/t Au from 21 m including 3 m at 233 g/t Au from 22 m. Newcrest Mining Ltd further enhanced its Cadia, New South Wales, operation with the first resource estimate of 200 million tonnes at 1.1 g/t Au and 0.41% Cu at the Cadia Far East deposit. Major advances were made in both exploration and project development at the mineral sands projects in the Murray Basin in New South Wales, Victoria and South Australia. Development decisions or commitments to proceed with mine development were made for gold, nickel, mineral sands, diamonds, tantalum and magnesite prospects.
Product Type
nonGeographicDataset
eCat Id
38773
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Cnr Jerrabomberra Ave and Hindmarsh Dr GPO Box 378
Canberra
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2601
Australia
Keywords
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- GA PublicationSeries
- ( Theme )
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- mineral exploration
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- AU
- Australian and New Zealand Standard Research Classification (ANZSRC)
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- Earth Sciences
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- Published_External
Publication Date
2002-01-01T00:00:00
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unknown
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geoscientificInformation
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Unknown
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[-44.0, -10.0, 113.0, 154.0]
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