Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.

Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.

Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.

Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.

Ore Reserves at operating mines, geographical distribution of Economic Demonstrated Resources and commodity map data as at December 2022.

<div>The resources industry is a key driver of Australia’s economic prosperity. The resources industry – which includes mining, oil and gas and exploration and mining services – accounted for 18 per cent of Australia’s gross domestic product (GDP) and employed 200,000 people in 2021–22 (Australian Bureau of Statistics, 2023a). This success is driven by a significant resource endowment, a skilled labour force, substantial capital investment, and the availability of world class precompetitive geoscience data and analysis that supports the resources industry in discovering and extracting resources. &nbsp;</div><div>Precompetitive geoscience data and analysis refers to geological, geophysical, geochemical, and other types of data collected by government agencies. This data is made freely available to all as a public good and provides a foundational understanding of a region’s resource potential before exploration and extraction activities take place. &nbsp;</div><div>Precompetitive geoscience data and analysis plays an important role in supporting resource exploration. Industry surveys conducted by GA suggest that precompetitive geoscience data and analysis is used by over 80 per cent of companies operating in the non-ferrous metals extraction industry and oil and gas extraction industry. The data and analysis help companies to identify highly prospective areas, thereby reducing costs and risks to industry. This stimulates exploration tenement uptake and exploration activity in the most prospective regions, which is required for the discovery and extraction of resources from greenfield sites and expanded brownfield sites. &nbsp;</div><div>Mineral exploration would be significantly more expensive and carry a higher risk in the absence of precompetitive geoscience data and analysis. This would likely decrease the amount of exploration occurring in Australia, as the expected return on exploration would be lower than could be gained elsewhere. A decline in exploration would lead to a subsequent decline in the rate of resource discovery. Over the long-term, this would lead to a reduction in resource extraction at greenfield sites (and to a lesser extent, at brownfield sites) in Australia. Through this relationship, the initial provision of precompetitive data underpins a significant amount of value within the Australian economy, which is easily overlooked. &nbsp;</div><div>It is in this context that Deloitte Access&nbsp;Economics was engaged by GA to estimate the economic contribution of precompetitive geoscience data and analysis in 2021–22. GA is the national public sector geoscience organisation and is primarily responsible for generating and curating Australia’s precompetitive geoscience data and analysis, along with state and territory geological surveys and various research initiatives. &nbsp;</div><div>Precompetitive geoscience data&nbsp;and analysis&nbsp;production: The analysis reveals that Australia’s precompetitive geoscience data and analysis producers had a direct economic contribution of $71 million in value added and supported 432 FTE jobs in 2021–22. &nbsp;</div><div>This value added is derived from wages and salaries paid to employees in the data production process, representing close to half of the total expenditure on data production ($151 million). GA is the largest producer of precompetitive geoscience data and analysis in Australia and therefore had the highest value added among data producers. This is driven in large part through activities conducted as part of GA’s Exploring for the Future program. &nbsp;</div><div>Precompetitive geoscience data&nbsp;and analysis use: Survey data by GA indicates that precompetitive geoscience data and analysis is used widely for resource exploration and extraction,&nbsp;particularly for the discovery of nonferrous metal ores and oil and gas.&nbsp;</div><div>&nbsp;Precompetitive geoscience data and analysis allows resource companies to make more targeted&nbsp;investment decisions and deploy their labour more efficiently, resulting in cost&nbsp;savings. &nbsp;</div><div>The direct economic contribution of precompetitive geoscience data and analysis use in 2021–22 consists of: &nbsp;</div><div>• $5.5 billion direct value added and 24,361 FTE jobs supported by the use of precompetitive geoscience data and analysis in exploration and mining support services &nbsp;</div><div>• $24.0 billion direct value added and 34,244 FTE jobs supported by the use of precompetitive geoscience data and analysis for non-ferrous metal ore&nbsp;extraction &nbsp;</div><div>• $46.5 billion direct value added and 21,305 FTE jobs supported by the use of precompetitive geoscience data and analysis for oil and gas extraction &nbsp;</div><div>These estimates are considered conservative. </div><div><br></div><div><br></div>

Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.

<div>Mineral exploration and development involves the selection of potential projects which must be evaluated across disparate characteristics. However, the distinct metrics involved are typically difficult to reconcile (e.g. geological potential, environmental impact, jobs created, value generated, etc.). Separate stakeholders—with different goals and attitudes—will reasonably differ in their preferences as to which categories to prioritize and how much weight to give to each. These conflicting preferences can obscure optimal outcomes and confound project selection.</div><div><br></div><div>In this presentation, we will discuss how early-stage exploration decisions can be treated as multi-criteria optimization problems. We show how this approach can be used to effectively evaluate and communicate competing criteria, and locate regions that perform best under a range of different metrics. We then outline a mapping framework that identifies regions that perform best in terms of geological potential, economic value and environmental impact and demonstrate this approach in a real-word example that highlights new exploration targets in the Australian context. Abstract presented at the American Geophysical Union (AGU) Fall Meeting 2023 (AGU23) https://www.agu.org/fall-meeting

The Value of Earth Observations from Space to Australia report (2015, ACIL Allen Consulting) examines the use of Earth observations from space (EOS) in seven key application areas: weather forecasting; ocean observation; monitoring land use and landscape change; agriculture; water; natural hazards and insurance; and onshore mining. Through a series of detailed case studies, the report establishes the value of the contribution of EOS in each application area and to the Australian economy as a whole.

Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.