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Discovering the Undiscovered
The Challenges and Opportunities
Rob Bills
MD & CEO
Regulatory regime - Overall attractiveness for mining…
Australia's Mining Industry in a Global Context
21
Aug
ust
Source: ...
Fraser Institute Annual Survey
3
Table 1: Rankings of Australian states and comparative nations and regions for the key su...
At the risk of complacency……
4
Globally, the Australian states all generally perform well.
The mineral policy environment ...
A perspective from a NT Junior Explorer…..
5
Dominant ground position
– 2,500 km2 or 95% of the Tennant
Creek Mineral Fiel...
Tennant Creek Hunting Ground
6
One of the few underexplored
high grade gold provinces
left in Australia
Only 8% of drill h...
Undiscovered deposit
Undiscovered deposit
Undiscovered deposits
0
1000000
2000000
3000000
4000000
5000000
6000000
AuEquiva...
Predicting the Undiscovered - Fluid Pathways for big deposits require
big structures
A combination of Gravity and Magnetic...
9
Predicting the Undiscovered – a new 4D model of the TCMF
Undiscovered detected by electrical GPX
HeliTEM:
Most powerful in the world
Designed for deep
exploration
Only system with...
Detecting the Undiscovered – HeliTEM conductivities
from supergene(clays) and hypogene Cu
11
The undiscovered Discovered!
12
Monitor
Discovery
Goanna
Discovery
The “gold bullet” for Discovery – multi faceted approach
13
GODD004 - 21m @ 2.6% Cu & 0.69% Bi
incl. 7m @ 4.96% Cu & 0.25%...
Exploration – the life blood of the industry
14
• Overall Attractiveness of the NT – reality or perception?
• Mineral Pote...
Adding Value through Discovery & Teamwork
15
www.emmersonresources.com.au
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Rob Bills - Emmerson Resources Ltd - The challenges of Exploration – A perspective from the junior sector

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Rob Bills delivered the presentation at the 2014 Mining the Territory Conference.

With record year on year investment in mining developments and exploration in the Northern Territory, the 8th Annual Mining the Territory Conference is perfectly placed to hear latest information on this booming region.

For more information about the event, please visit: http://bit.ly/MiningtheNT2014

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Transcript of "Rob Bills - Emmerson Resources Ltd - The challenges of Exploration – A perspective from the junior sector"

  1. 1. Discovering the Undiscovered The Challenges and Opportunities Rob Bills MD & CEO
  2. 2. Regulatory regime - Overall attractiveness for mining… Australia's Mining Industry in a Global Context 21 Aug ust Source: Fraser Institute Survey, 2013 Finland Ireland Chile Zambia France Peru Botswana
  3. 3. Fraser Institute Annual Survey 3 Table 1: Rankings of Australian states and comparative nations and regions for the key summary indexes in the Fraser Institute Annual Survey of Mining Companies 2013 Policy Perception Index Mineral Potential Index Investment Attractiveness Index Room for Improvement 1. Sweden 1. Alaska 1. Western Australia 1. Philippines - 2. Western Australia 2. Nevada - 5. Wyoming 3. Nevada - - 6. Western Australia - 16. British Columbia 62. Turkey 7. New Brunswick 17. Quebec 17. Northern Territory 63. Tasmania - 18. Queensland 18. Quebec 64. Guyana 10. Norway 19. Peru 19. Ireland 65. Malaysia 11. South Australia - 20. South Australia 66. Namibia 12. Saskatchewan 23. Turkey 21. Queensland 67. New South Wales 13. Northern Territory 24. Northern Territory 22. Arizona 68. Queensland 14. New Zealand 25. Arizona - 69. New Mexico - - 35. Minnesota - 23. Greenland 28. Zambia 36. Tasmania 78. Spain 24. Queensland 29. South Australia 37. Peru 79. Victoria 25. Botswana 30. Botswana 38. Montana 80. Utah 26. Manitoba - 39. New South Wales - 27. Tasmania 42. Michigan 40. Salta 84. New Zealand
  4. 4. At the risk of complacency…… 4 Globally, the Australian states all generally perform well. The mineral policy environment is generally perceived to be better than the actual geological potential, suggesting authorities are doing a good job of encouraging minerals related investment into the country. Indeed the “Room for Improvement” index suggests that for the best run states, such as Western Australia, South Australia and the Northern Territory there are perhaps few incremental improvements left to be made. The scope there perhaps now lies in making truly revolutionary changes, which change global perceptions of the nature of prospectivity itself. By John P. Sykes & Allan Trench *By John P. Sykes & Allan Trench * By John P. Sykes & Allan Trench - CET
  5. 5. A perspective from a NT Junior Explorer….. 5 Dominant ground position – 2,500 km2 or 95% of the Tennant Creek Mineral Field New JV with Evolution Mining ~$28m High grade gold & copper – Historically 15-20 g/t Au, 2-4% Cu Processing plant – Only gold mill in the region on care and maintenance, next to road, rail, power & gas pipeline Mineral resources – 6.6mt at 1.8% Cu & 1.1 g/t gold for 122,000t copper & 245,000 oz gold – Including 100,000 oz gold at 17 g/t Track record of exploration success – Using new technology: HeliTEM
  6. 6. Tennant Creek Hunting Ground 6 One of the few underexplored high grade gold provinces left in Australia Only 8% of drill holes reached a depth greater than 150mAg Bi Au Ag Bi Warreg o White Devil Orlando North Star Edna Beryl Gecko Ivanho e TC8 Chariot El Dorado Juno Nobles Nob Golden Forty Peko Argo 122,700 t Cu 4% 91,500 t Cu 2% 1.33 moz Au 8 g/t 0.64 moz Au 15 g/t 0.84 moz Au 57 g/t 1.11 moz Au 17 g/t 118,900 t Cu 4% Mineral resources Historical production Size of the circle relates to the mine historical production in Au Eq. Size of the pie relates to the proportion of metal production in Au Eq. Au Eq. calculations used the following metal prices: gold $1,300/oz, silver $20/oz, copper $3.00/lb, bismuth $10/lb Lone Star Orlando Gecko & Goanna Chariot Warrego CIP plant 20 g/t Au 12 g/t Au 11 g/t Au 8.6 g/t Au 18 g/t Au 3.5 g/t 1.2 g/t
  7. 7. Undiscovered deposit Undiscovered deposit Undiscovered deposits 0 1000000 2000000 3000000 4000000 5000000 6000000 AuEquivalentoz Deposit Name Top 18 mines Zipf Curve Potential according to Zipf’s Law Picking up the crumbsNew Generation of deposits The prize…….is commensurate with the investment 1 deposit @ 5.2Mozs, 1 deposit @ 1.74Mozs, +++ 7 Undiscovered = new style of mineralisation. Hematite hosted breccias and/or vein style in similar structural setting. Not magnetic
  8. 8. Predicting the Undiscovered - Fluid Pathways for big deposits require big structures A combination of Gravity and Magnetics - algorithm developed by CET 8 Production >100oz Au >500t Cu
  9. 9. 9 Predicting the Undiscovered – a new 4D model of the TCMF
  10. 10. Undiscovered detected by electrical GPX HeliTEM: Most powerful in the world Designed for deep exploration Only system with XYZ fields Flown on 100m lines, 30- 50m above ground Measures electromagnetic field TC deposits variably conductive Barren host rocks resistive 10
  11. 11. Detecting the Undiscovered – HeliTEM conductivities from supergene(clays) and hypogene Cu 11
  12. 12. The undiscovered Discovered! 12 Monitor Discovery Goanna Discovery
  13. 13. The “gold bullet” for Discovery – multi faceted approach 13 GODD004 - 21m @ 2.6% Cu & 0.69% Bi incl. 7m @ 4.96% Cu & 0.25% Bi PDIP Traverse
  14. 14. Exploration – the life blood of the industry 14 • Overall Attractiveness of the NT – reality or perception? • Mineral Potential Index – NT a “frontier” so pre competitive data sets are critical to reduce exploration risk/attract investment into frontier locations (frontier can be 3D!) • Policy Potential Index – ensure it is commensurate with the risks and rewards (exploration is not mining!!) • Longer term funding necessary to underpin systematic exploration – particularly when exploring large ground positions….. • Investment in new technology and new ideas to unlock the next generation of deposits – in the third dimension • Stakeholder engagement – a necessary part of the business plan …70% of all discoveries made by nimble junior to mid sized companies….
  15. 15. Adding Value through Discovery & Teamwork 15 www.emmersonresources.com.au
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