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TRANSCRIPT
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FIMI Convention, Bangalore, 2012
South Australia Mineral Resources
Investment
Dr Andrew Rowett
General Manager
Resource Information
Mineral Resources, DMITRE
Tokyo
12th November 2012
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Outline of Presentation
1. South Australia’s mineral
commodities, discoveries
and resources
2. South Australia’s Mining Pipeline
Uranium
Copper
Iron Ore
3. International Partnerships
4. South Australia’s PACE 2020
initiative – supporting growth and
investment in our resources
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South Australia’s Mineral and
Energy Commodities
• Opal and Jade
• Salt
• Gypsum
• Dolomite and Limestone
• Silica
• Dimension stone
• Processed petroleum
products
• Kaolin
• Graphite
• Copper
• Iron Ore and Steel
• Uranium
• Zircon & Mineral Sands
• Gold and Silver
• Lead and Zinc
• Natural Gas
• Oil
• Coal
• Shale Gas
• Processed petroleum
products
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5 5 * PACE Co-funded * PACE Co-funded
*Arckaringa (CTL) Atacama/Typhoon/ Sonoran (HM) Beverley South (U3O8) *Bird-in-Hand (Au) Bramfield (Fe2O3) Bungalow (Fe3O4) *Carrapateena (Cu-Au) Crocker Well (U3O8) Flinders-Reliance (Zn) *Four Mile(U3O8) Fusion (Fe3O4)
Gullivers (HM) Gum Flat (Fe2O3) Hawks Nest (Fe2O3) Hematite Extension Project HEP (Fe2O3) Hillside (Cu, Au) Junction Dam (U3O8) *Kalkaroo (Cu-Au-Mo) Maldorky (Fe3O4) *Menninnie Dam (Pb-Zn-Ag) Mutooroo (Cu-Co) Mutooroo (Fe2O3)
Paris (Ag) Poochera (Kaolin) *Portia (Au) Razorback (Fe3O4) *Samphire (U3O8) Snaefell (Fe3O4) Tripitaka (HM) Typhoon(HM) *Tunkillia (Au, Ag) Uley (Graphite) Warramboo (Fe3O4) White Dam North (Au)
Major
Mines
Developing Projects
1. Olympic Dam
2. *Challenger
3. Beverley
4. Middleback
Range
5. Leigh Creek
6. *Malu
7. *Angas
8. *Honeymoon
9. Jacinth-
Ambrosia
10. Beltana
11. White Dam
12. Cairn Hill
13. Iron Chieftain
14. Ankata
15. Kanmantoo
16. Beverley North
17. Peculiar Knob
18. *Wilgerup
19. Wilcherry Hill
20. Mindarie
Acropolis (Cu-U-Au-Ag) *Alvey (Pt, Pd) *Aphrodite (U3O8) Aristotle (Zn) Armchair (U3O8) Aroona 2 (Zn, Pb) *Baggy Green (Au) Bagot Well (Cu) Bald Hill Iron (Fe) *Barns (Au) *Barton West (HM) Becaroo (U3O8, REE) Big Lake 20 (U3O8) Big Lake 28 (U3O8) *Black Hills (Au) Blanchewater (U3O8) Blinman (Cu) *Blue Rose (Cu, Au) Burra (Cu) Carrow (Fe) *Claude Hills (Ni) Clinton(CTL) *Coolybring (Fe3O4)
Deloraine (Au) *Dromedary (HM) *Emmie Bluff (Cu) Emmie North (Cu) Eurelia (Diamonds) Eurinilla Dome (Cu, Au) Flinders Island (Diamond) Giffen Well (Fe2O3) Glenrae (IOCG) Golf Bore (Au) Goulds Dam (U3O8) Greenpatch (Fe3O4) *Hercules (Fe3O4) Hicks Hill (Fe) Jamieson Tank (Mn) *Jungle Dam (Ag, Au, Fe) *Kangaroo Dam (Pt, Pd, Au) Kenmore II (Ni, Cu) Kingston (CTL) Kopi (Fe) Lady Jane (Au) Lilydale (Fe) Lock (Coal)
Mainwood (Au) Malache (Zn, Pb) Melton (Cu, Au) Minbrie (Fe) Miranda (Cu) Mojave (HM) *Mongolata (Au) Monsoon (Au) *Moonta (Cu) Moorilyanna (Cu) Mount Brady (Fe, Cu, REE) *Mount Caroline (Ni, Cu, Pt, Pd) Mount Christie Siding (Cr2O3) Mount Cora (Fe) Mount Davies (Ni) Mount Distance (U3O8) *Mount Gunson (Cu, Co) Mount Torrens (Cu-U-Au-Ag) *Mount Woods (IOCGU) Mulyungarie (U3O8) Netherleigh Park (Cu) *Netley Hill (Cu, Mo) North Kalkaroo (Cu, Au)
North Portia (Cu, Au) Notrab (HM) *Oakdale (Zn, Cu) Parara (IOCGU) *Parkinson Dam (Ag, Zn, Cu, Au) Pindari (Ni, Cr) Pollinga (Mn) Princess Royal (Cu) *Prospect Hill (Sn) *Pundinya (U3O8) Punt Hill (Cu, Au) Radium Hill (U3O8, Th, Ra) Sequoia (Fe, U3O8) Sheoak (Au, Ag) Shylock (Cu, Au) Skye (Au, Ag) Springfield (Diamond) *Stuart (IOCGU) Taurus (Pt, Pd, Cu) Telephone Dam (Pb, Zn) *Titan (Cu, Au) Tomahawk/Tunkillia area 191 (Au) Toondulya (Cu, Au)
Torrens South JV (Cu, Au) Ultima Dam (Au, U3O8) Victory (U3O8, REE) *Vulcan (Cu, Au, U3O8) Weednanna (Pb, Zn, Ag, Cu, Au) Wheal Ellen (Zn, Pb, Ag) Willamulka (Cu, Au) Willy Willy (HM) Winjabbie East (Cu, REE) Wirrda (Cu, Au) * Yadglin (U3O8) Yanyarrie (Ba) Yarramba (U3O8) Zeus (Cu, Ni)
Major Prospects
* PACE Co-funded 5
Mineral Project Pipeline
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South Australia’s Major Mines
and Advanced Projects in 2012
• Twenty major mines
• Exploration, A$323m pa
• Employment, 14 000 people
• Export Revenues,
37% A$4.2 bn+
• Over 30 minerals and energy
projects
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Australia’s Copper Resources
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MINES
*Olympic Dam: BHP-B
*Malu (Prominent Hill Open Cut):
Oz Minerals
Ankata (Prominent Hill Underground):
Oz Minerals
Kanmantoo: Hillgrove Resources
PROJECTS
*Carrapateena: Oz Minerals
Hillside: Rex Minerals
*Kalkaroo: Havilah Resources
Mutooroo: Havilah Resources
PROSPECTS
North Portia: Havilah Resources
Punt Hill: Monax
* PACE Co-funded
Copper
South Australia has the largest
Economic Demonstrated Resource
in Australia at 56.5Mt which is 70%
of the national total
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Selected (Top 30) Copper
Historical+Current Resources
• OLYMPIC DAM (BHPB)
• PROMINENT HILL (OzMin)
• CARRAPATEENA (OzMin)
• HILLSIDE (Rex)
• KAPUNDA
• KANMANTOO (Hillgrove)
• EMMIE BLUFF
• KALKAROO
• CATTLE GRID
• MUTOOROO (Havilah)
• WALLAROO
• WINDABOUT
• MOONTA NORTH
• PORTIA
• WEST DOORA
• PARABARANA
• CAIRN HILL
• BLINMAN
• MOUNT GUNSON
• ANABAMA
• MG 14
• ELSIE
• ADAIR
• CATTLE GRID SOUTH
• BREMER
• ANGAS
• MOUNTAIN OF LIGHT (Phoenix)
• POONA
• WHEAL HUGHES
• BURRA
Australian Copper Conference 2012
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Olympic Dam (1976)
Prominent Hill (2001)
Hillside (2009)
Carrapateena (2006)
Source: MinEx Consulting Feb 2010
Globally Competitive in New
Copper Discoveries
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The Premier IOCG Terrane
• ca. 1000 km x 1000 km
(including Curnamona)
• Open, underexplored belt to
northwest
• Pervasive alteration
• Numerous targets
ADELAIDE
Prominent Hill
Carrapateena
Olympic Dam
Moonta – Wallaroo
Hillside
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Iron Oxide Copper Gold Deposits
Olympic Dam
• Total Resource 9 129 Mt at 0.86% Cu, 0.027% U3O8, 0.32 g/t Au and 1.48g/t Ag
Total Ore Reserve 500 Mt at 1.84% Cu, 0.057% U3O8, 0.76 g/t Au and 3.41 g/t Ag
• Production 2011–12 193 000 t Cu, 3890 t U3O8, 118 000 oz Au
Prominent Hill
• Total Resource (including Ankata and Malu) – 214.9 Mt at 1.23% Cu, 0.5 g/t Au, 2.8
g/t Ag Production 2010–11 (contained metal in concentrate) – 105 751 t Cu, 191
708 oz Au, 530 568 oz Ag
• Production 2011–12 107 000 t Cu, 147 000 oz Au
Carrapateena
• Inferred Resource 203 Mt at 1.31% Cu, 0.56 g/t Au, 6.0 Ag, 270 ppm U3O8
Hillside Prospect
• Inferred Resource 217 Mt at 0.7% Cu, 0.2 g/t Au and 12.4% Fe
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Total Remaining Copper (JORC
+ Historical)
0
10
20
30
40
50
60
70
80
90
1 3 5 7 9
11
13
15
17
19
21
23
25
27
29
Cu
(M
t)
PR
OM
INEN
T…
CA
RR
AP
ATE
…
HIL
LSID
E
KA
PU
ND
A
KA
NM
AN
TOO
EMM
IE B
LUFF
KA
LKA
RO
O
CA
TTLE
GR
ID
MU
TOO
RO
O
WA
LLA
RO
O
WIN
DA
BO
UT
MO
ON
TA
NO
RTH
…
BU
RR
A
WES
T D
OO
RA
PA
RA
BA
RA
NA
CA
IRN
HIL
L
BLI
NM
AN
MO
UN
T…
AN
AB
AM
A
MG
14
ELSI
E A
DA
IR
CA
TTLE
…
BR
EMER
AN
GA
S
MO
UN
TAIN
…
PO
ON
A
WH
EAL…
Olympic Dam Statistical under-representation of large1-3Mt Cu occurrences and no giant 3-80 Mt Cu…. so far
Cu
(M
t)
Deposits
Deposits
1
2
3
Data courtesy Marc Davies
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Uranium discoveries: All Years
Source: MinEx Consulting © July 2012
The world’s
biggest uranium
deposit is
in South Australia
By-Product
Uranium
Primary
Uranium
125 500
1000
25 5
kt U3O8 Olympic Dam
(2545 kt U3O8)
GLOBAL CONTEXT
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Australia’s Uranium Resources
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MINES
Olympic Dam: BHP-B
Beverley: Heathgate Resources
Beverley North: Heathgate Resources
Honeymoon: Uranium One/Mitsui
PROJECTS Four-Mile: Alliance Resources/Quasar Resources
Beverley South: Heathgate Resources
Crocker Well: Sinosteel PepinNini Curnamona Management
Samphire: Uranium SA
Junction Dam: Marmota Energy
PROSPECTS
Acropolis
Cane Grass
Oak Dam
Radium Hill
Wirrda Well
Yarranna
Uranium
Total uranium resources in
South Australia
2.65 Mt U3O8 (2.25 Mt U)
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0.00
20000.00
40000.00
60000.00
80000.00
100000.00
120000.00
140000.00
160000.00
180000.00
200000.00
TOTAL U ENDOWMENT (t)
0.00
500000.00
1000000.00
1500000.00
2000000.00
2500000.00
SOUTH AUSTRALIAN URANIUM
Total
Uranium
Endowment:
2.25 Mt U
(2.65 Mt U3O8) t
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Australia’s Iron Ore Resources
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MINES
Middleback Ranges: Arium
Cairn Hill: IMX Resources Ltd
Iron Chieftain: Arium
*Wilgerup: Centrex Metals Ltd
Peculiar Knob : OneSteel Ltd
Wilcherry Hill: Ironclad Ltd
* PACE Co-funded
Iron Ore
PROJECTS
Bramfield: Lymex Ltd
Gum Flat: Lincoln Minerals Ltd
Hawks Nest: : OneSteel Ltd
Mutooroo: Sumitomo Metal Mining Oceania Pty Ltd/
Minotaur Exploration NL
Razorback: Royal Resources Ltd
Warramboo: Iron Road Ltd
Snaefell: IMX Resources Ltd
Bungalow: Centrex Metals Ltd Baotou Iron & Steel Group
Hematite Extension Project HEP: Arium
PROSPECTS
Lilydale: Havilah Resources NL
Maldorky: Havilah Resources NL
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An exciting list of future
developments
Iron Ore
• Rejuvenation and expansion of iron ore magnetite mines in Middleback Ranges by
Arrium including Iron Baron, Iron Knob
• Wilcherry Hill magnetite mine north of Kimba - IronClad Mining
• Centrex Metals’ Wilgerup magnetite project and the associated WISCO/Centrex Port
Spencer bulk iron ore facility north of Tumby Bay.
• The Mutooroo, Razorback, Hawsons and Maldorky magnetite projects in the
Curnamona Province are pursuing export options through Port Pirie.
Copper
• Ankata underground copper gold mine expanding Prominent Hill operations - OZ
Minerals
• Carrapateena Copper Gold project OZ Minerals
Infrastructure
• Arrium’s Whyalla iron ore port expansion to double throughput for export of Peculiar
Knob and Hawks Nest
• Port Bonython proposed $600m—$700m bulk commodity deep sea port facility
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PACE 2020
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International Partnerships
China India
Chile
Saskatchewan Ontario
Adelaide
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Importance of Our National and
International Partnerships
INTERNATIONAL
• Government of South Australia partnership with People’s Republic of China
• South Australia partnership with Shandong Province, China
• DMITRE Mineral Resources partnership with Beijing Research Institute of Uranium Geology,
China National Nuclear Corporation (CNNC)
• DMITRE Mineral Resources partnership with Jilin University, China
(Adjunct Professor Dr. Baohong Hou)
• DMITRE Mineral Resources & Saskatchewan Province, Canada
• GSSA and Chilean Ministry of Mines
NATIONAL
• SACOME-DMITRE partnership on Community Engagement and Code of Practice
• Leadership of Land Access Working Group under Standing Council Energy & Resources
• Partnership with Geoscience Australia
• South Australia’s Partnership with Northern Territory
• Geoscience Partnerships with Australian States and Territories
• Partnership with Deep Exploration Technology Cooperative Research Centre (DET CRC) and
Adelaide University
• Partnerships with CSIRO and Universities
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Saskatchewan Ministry of
Energy and Resources
• Early March 2009 Memorandum of Understanding signed between DMITRE (PIRSA) and
the Saskatchewan Ministry of Energy and Resources, CANADA
– Saskatchewan is the leading jurisdiction in North America for uranium exploration and mining
production.
• Athabasca Basin
– World’s largest high grade
U mines
– Produces ~23% world U
• MoU aims to:
– Promote geoscientific exchange
– Facilitate geoscience knowledge
sharing
– Generate new U models for SA
– Develop regulation and
best practice policy
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Athabasca Basin
3D modelling work
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Multi-parameter
lithostratigraphic
logging
Hyperspectral
logging
Magnetic
depth to
basement Geophysical
Interpretation
AEM survey
Adobe 3D pdf
Cariewerloo Basin Project
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South Australia’s Objective for
Mining Approvals
• Target of 6 months for Mineral Lease grant (timing from formal lodgement of lease application)
achievable for major mines in SA
• Major mine – Prominent Hill (Oxiana now Oz Minerals) approved in 5 months (2006)
• Major Mine – Jacinth Ambrosia (Iluka) approved in 7 months (2009)
• Small mine – White Dam (Exco) approved in 3 months (2007)
• Longer for uranium mines and mines that trigger Environmental Impact Statement and/or Hawes
Environment Protection and Biodiversity Conservation (Act 1999) processes
compares to national benchmark* of
– 1- 2 years for “major” mine
– 6-12 months for “small” mine
* “National Audit of regulations influencing mining exploration and project approvals processes”, report prepared by URS for MCA, February, 2006
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1. PACE 2020 is the benchmark for Government
exploration/mining initiatives around the world
2. SA is World No.1 in Geoscience Data and Delivery
3. SA has attracted the world’s leading explorers and producers
4. Record growth in exploration and resource development
5. Globally significant exporter of Copper and high potential for
further discovery in the > 200 Mt (>1-3 Mt Cu) range
South Australia: a player on
the world resources stage