Opportunities and challenges for
exploration in the Territory
Ian Scrimgeour
Executive Director, Northern Territory Geolog...
0.0
50.0
100.0
150.0
200.0
250.0
Sep-2000
Jan-2001
May-2001
Sep-2001
Jan-2002
May-2002
Sep-2002
Jan-2003
May-2003
Sep-2003...
Challenging times for mineral exploration, but there is still good news
• Development of Roper iron field underway as NT e...
Western Desert Resources: Roper Bar
Total resource: 611 Mt @ 40.3% Fe
Includes: 30.8Mt @ 59.0% Fe (Area F)
and 16.6 Mt @ 5...
1.88 Mt @ 10.10 g/t Au (300 g/t top cut) 1.88 Mt @ 11.96 g/t Au (no top cut)
• High-grade vein-hosted deposit with potenti...
Gold – Pine Creek
Cosmo Deeps
Company: Crocodile Gold
Cosmo Deeps in production
High-grade resources beneath Union
Reefs
S...
Rum Jungle Resources - Barrow Creek 1
Near-surface high-grade phosphate
238 Mt @ 14.6% P2O5
Now combined with Arganara :
3...
Copper in central Australia
Kidman Resources –
Home of Bullion Cu-Zn-Pb-Ag-Au
Geophysical targeting identifying extensions...
KGL Resources Ltd – Jervois Cu-Ag-Au(-Pb-Zn)
• 13.5 Mt @ 1.3% Cu, 25.8g/t Ag
• 20,000m drilling program commencing
Reward:...
Copper in central Australia
Arunta Resources Ltd - Johnnies Reward
Gold-copper mineralisation in granulites
• 24m @ 4.19% ...
Copper-gold discoveries using HeliTEM
Mineralisation in shear zones with quartz-
chlorite-sulfide veins
Goanna - 15m @ 4.1...
TUC Resources Ltd: Stromberg
Discovery of high-value heavy rare earth elements
(yttrium and dysprosium) at surface
4.2m @ ...
• high-grade discovery in western
Arnhem Land
Hole WRD0084:
12.2 m @ 1.1% U3O8 followed by
20.2m @ 5.2% U3O8 incl. 0.5m @
...
Hole 1:
26.4m @ 13.3% Zn+Pb, from 1060m
including
8.0m @ 21.2% Zn+Pb
Hole 2:
20.1m @ 15.0% Zn+Pb from 944m
including
12.5m...
MMG JV into
AngloAustralian’s
Victoria River
project – untested
potential shale
sub-basin
EM and drilling
planned in 2013
...
Map of shale oil/gas basins, Geoscience Australia
Shale gas
Surprise -1: Central Petroleum
• 200-400 barrels per day of light sweet crude
• First onshore oil discovery in NT for 50 y...
Challenges for greenfields
exploration
• Difficulties in raising funds for
greenfields exploration
• Rising costs of disco...
CORE – Creating Opportunities for Resource Exploration
• Regional gravity surveys
• 1:100,000 scale geological mapping and...
The Geology and Mineral Resources of
the Northern Territory
• first ever comprehensive overview of the
geology and resourc...
Gravity
• Southern McArthur gravity survey
– late 2013
• South Wiso gravity survey
– mid-2013
• East Amadeus gravity surve...
NTGS Geoscience Programs
• Scoping of a major collaborative study
in the McArthur Basin for shale gas
and zinc
• Arunta Re...
Summary
• Despite a major downturn in exploration, there are positive signs in the Territory
• Recent exploration boom has...
March 18-19 2014,
Alice Springs Convention Centre
Annual Geoscience
Exploration Seminar (AGES)
Ian Scrimgeour, Northern Territory Government - Opportunities and Challenges for Exploration in the Territory
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Ian Scrimgeour, Northern Territory Government - Opportunities and Challenges for Exploration in the Territory

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Ian Scrimgeour, Northern Territory Government delivered the presentation at the 2013 Mining the Territory Conference.

Mining the Territory Conference is part of the Northern Territory Resources Week. It provides the perfect platform for stakeholders in the NT mining industry to hear the latest information on this booming region.

For more information about the event, please visit: http://www.miningnt.com.au/miningnt2013conference

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Ian Scrimgeour, Northern Territory Government - Opportunities and Challenges for Exploration in the Territory

  1. 1. Opportunities and challenges for exploration in the Territory Ian Scrimgeour Executive Director, Northern Territory Geological Survey
  2. 2. 0.0 50.0 100.0 150.0 200.0 250.0 Sep-2000 Jan-2001 May-2001 Sep-2001 Jan-2002 May-2002 Sep-2002 Jan-2003 May-2003 Sep-2003 Jan-2004 May-2004 Sep-2004 Jan-2005 May-2005 Sep-2005 Jan-2006 May-2006 Sep-2006 Jan-2007 May-2007 Sep-2007 Jan-2008 May-2008 Sep-2008 Jan-2009 May-2009 Sep-2009 Jan-2010 May-2010 Sep-2010 Jan-2011 May-2011 Sep-2011 Jan-2012 May-2012 Sep-2012 Jan-2013 May-2013 $Millions Mineral exploration expenditure since 2000 2012/13 – $131.7M
  3. 3. Challenging times for mineral exploration, but there is still good news • Development of Roper iron field underway as NT enters new mining boom • Teena discovery leads resurgence of interest in shale-hosted zinc-lead • Exciting copper results across Arunta highlight potential of central Australia • Smart exploration is delivering results • Shale gas exploration boom • Rapidly expanding geoscience knowledge base
  4. 4. Western Desert Resources: Roper Bar Total resource: 611 Mt @ 40.3% Fe Includes: 30.8Mt @ 59.0% Fe (Area F) and 16.6 Mt @ 54.2% Fe (Area E) • Targeting first DSO shipment in Q4 2013 • Export through Bing Bong port • Offtake agreement with Noble Resources Sherwin Iron: Roper River Total resource: 488 Mt @ 41.7% Fe Includes 41.1Mt @ 57.8% Fe Deposit C – 18.42 Mt @ 58.3% Fe Deposits W, X – 22.74 Mt @ 57.5% Fe • Export via Roper Hwy, then to Darwin port • First DSO shipment from bulk sample this month v Roper iron field
  5. 5. 1.88 Mt @ 10.10 g/t Au (300 g/t top cut) 1.88 Mt @ 11.96 g/t Au (no top cut) • High-grade vein-hosted deposit with potential to be a low-cost mining operation with a simple gravity extraction process • New discoveries in area (eg Golden Hind) show potential for size of system to increase (34,000t @ 45.59 g/t Au) • Trial mining/bulk sampling and processing underway, >5000t mined Company: ABM Resources Old Pirate Au
  6. 6. Gold – Pine Creek Cosmo Deeps Company: Crocodile Gold Cosmo Deeps in production High-grade resources beneath Union Reefs Spring Hill Company: Thor Mining Plans announced for development 4.0 Mt @ 2.32 g/t Au Mount Todd Company: Vista Gold 350 Mt @ 0.81 g/t Au Revised two-stage development Mount Bundy project Company: Primary Gold Ltd Investigating restarting Toms Gully
  7. 7. Rum Jungle Resources - Barrow Creek 1 Near-surface high-grade phosphate 238 Mt @ 14.6% P2O5 Now combined with Arganara : 310 Mt @ 15% P2O5 Barrow Creek region TNG Ltd - Mount Peake V-Ti-Fe 160 Mt @ 0.28% V2O5 , 5.3% TiO2, 23% Fe Significant downstream processing Recent greenfields discoveries moving towards development
  8. 8. Copper in central Australia Kidman Resources – Home of Bullion Cu-Zn-Pb-Ag-Au Geophysical targeting identifying extensions to mineralisation Main Lode: 5m @ 6.5% Cu, 53g/t Ag, 2.75% Zn, 0.63% Pb, 0.61 g/t Au 36m @ 2.78% Cu, 0.9% Pb, 2.3% Zn, 27.6g/t Ag, 0.2g/t Au including 10m @ 8.5% Cu, 0.6% Pb, 4.35% Zn, 40.9 g/t Ag Southern Lode: 26m @ 4.6% Cu, 5.5% Pb, 1.84% Zn, 142.9 g/t Ag (true width 6-8m) Momentum building for copper and copper- gold exploration
  9. 9. KGL Resources Ltd – Jervois Cu-Ag-Au(-Pb-Zn) • 13.5 Mt @ 1.3% Cu, 25.8g/t Ag • 20,000m drilling program commencing Reward: 9m @ 4.9% Cu, 1.22 g/t Au, 66.2 g/t Ag 72m @ 3.27% Cu, 1.16g/t Au, 51.3g/t Ag Bellbird : 6m @ 1.2% Cu, 12.43 g/t Au, 10.3 g/t Ag Copper in central Australia
  10. 10. Copper in central Australia Arunta Resources Ltd - Johnnies Reward Gold-copper mineralisation in granulites • 24m @ 4.19% Au, 0.33% Cu • 34m @ 3.83% Au, 0.44% Cu • 22m @ 1.23% Au, 1.21% Cu TNG Ltd - Mount Hardy • 10.7m @ 4.1%Cu • 1m @ 2.35% Cu, 3.08% Zn, 1.16% Pb Mithril Resources Ltd – Illogwa IOCG • Greenfields discovery of potential new regional- scale iron-oxide Cu-Au (IOCG) system, following up NTGS mapping • 2m at 1.15% Cu, 0.23 g/t Au and 5.3 g/t Ag • New drilling program underway • MMG drilling for Ni-Cu targets
  11. 11. Copper-gold discoveries using HeliTEM Mineralisation in shear zones with quartz- chlorite-sulfide veins Goanna - 15m @ 4.19% Cu, 8.13 g/t Au - 26m @ 4.75% Cu (incl. 8m @ 9.32% Cu) Monitor - 15m @ 5.05% Cu - 12m @ 16.9 g/t Au, 2.00% Cu Emmerson Resources Ltd Gecko mine corridor Cu-Au Tennant Creek and Rover Cu-Au fields Metals X Ltd – Rover 1 Approvals process for exploration decline underway Tennant Creek Cu-Au
  12. 12. TUC Resources Ltd: Stromberg Discovery of high-value heavy rare earth elements (yttrium and dysprosium) at surface 4.2m @ 0.93% TREO (92% HREO/TREO) Potential for numerous deposits Arafura Resources: Nolans Bore Major resource upgrade 47Mt @ 2.6% REO, 11% P2O5, 0.02% U3O8 55% in Measured and Indicated category Crossland Uranium Mines: Charley Creek Potential for development of mining of alluvial sand for production of a REE-bearing concentrate Indicated: 387 Mt @ 295ppm REO Inferred: 418 Mt @ 289ppm REO including 17% HREE (in xenotime) Rare earth elements
  13. 13. • high-grade discovery in western Arnhem Land Hole WRD0084: 12.2 m @ 1.1% U3O8 followed by 20.2m @ 5.2% U3O8 incl. 0.5m @ 27.8% U3O8 Cameco Australia - Angularli $10M in expenditure in 2012/13 (down from $55M in 2008/09) • Mining ceased at Ranger 3 open cut • Ranger 3 Deeps exploration decline and drilling underway 39m @ 0.88% U3O8 ERA – Ranger 3 Deeps Uranium
  14. 14. Hole 1: 26.4m @ 13.3% Zn+Pb, from 1060m including 8.0m @ 21.2% Zn+Pb Hole 2: 20.1m @ 15.0% Zn+Pb from 944m including 12.5m @ 19.5% Zn+Pb Teena – a major zinc disovery • Rox Resources – Teck Australia joint venture • 10 km west of McArthur River • Similar deposit to McArthur River, but deep (up to 1 km) Zinc
  15. 15. MMG JV into AngloAustralian’s Victoria River project – untested potential shale sub-basin EM and drilling planned in 2013 A resurgence of zinc exploration? Batten Fault Zone – • Teck exercise $10M option in Reward JV • MMG enter $10M exploration JV with Sandfire Pitchblack Resources Ltd acquiring 90% interest in Crocodile Gold’s base metals assets in the Pine Creek Orogen (includes $4m exploration commitment)
  16. 16. Map of shale oil/gas basins, Geoscience Australia Shale gas
  17. 17. Surprise -1: Central Petroleum • 200-400 barrels per day of light sweet crude • First onshore oil discovery in NT for 50 years • 4560 bbl produced, 3D seismic acquired • Santos farm-in into other Central tenements Onshore petroleum Batten Fault Zone: Armour Energy • 3 wells in 2012 • flows equivalent to 3.3 million standard cubic feet of gas per day from Glyde-1 Beetaloo Sub-basin: Falcon Oil and Gas • 3,600 line km of 2D seismic in 2012 • Hess withdrawl from JV Georgina Basin: Petrofrontier-Statoil • 3 horizontal wells drilled in 2012 • positive oil shows but hampered by technical issues
  18. 18. Challenges for greenfields exploration • Difficulties in raising funds for greenfields exploration • Rising costs of discovery, especially in Australia • High-risk nature of undercover exploration Role of Government is to lower the risk and cost of discovery relative to other jurisdictions
  19. 19. CORE – Creating Opportunities for Resource Exploration • Regional gravity surveys • 1:100,000 scale geological mapping and regional prospectivity studies • Increased focus on sedimentary basins • Collaborative grants for greenfields drilling and geophysics • Online delivery of company reports • Investment Attraction NT Government Support for exploration
  20. 20. The Geology and Mineral Resources of the Northern Territory • first ever comprehensive overview of the geology and resources of the NT • definitive reference for mineral and petroleum explorers • 1100 pages, with more than 800 photos, maps and figures • 42 chapters describing each geological province and basin descriptions of all named geological units in the Territory, and all major mineral deposits and petroleum fields Order from the NTGS website ($250 including postage)
  21. 21. Gravity • Southern McArthur gravity survey – late 2013 • South Wiso gravity survey – mid-2013 • East Amadeus gravity survey – mid-2012 CORE gravity surveys
  22. 22. NTGS Geoscience Programs • Scoping of a major collaborative study in the McArthur Basin for shale gas and zinc • Arunta Region continues to be a major focus – Jervois 1:100k mapping underway • Amadeus Basin study underway – including collaboration with CSIRO and commencement of mapping • Hyperspectral logging of drillcore incorporated into projects
  23. 23. Summary • Despite a major downturn in exploration, there are positive signs in the Territory • Recent exploration boom has generated a pipeline of new mining projects • New discoveries and emerging mineral fields in the McArthur and central Australia • Gas exploration and development is emerging as a major industry • NT Geological Survey is working to stimulate exploration in the region through the CORE initiative
  24. 24. March 18-19 2014, Alice Springs Convention Centre Annual Geoscience Exploration Seminar (AGES)

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