Western Australian Focus - mric.jogmec.go.jpmric.jogmec.go.jp/wp-content/old_uploads/seminar_doc/2012/briefing_121112_5.pdf · tpa of uranium oxide concentrate over 14 years Yilgarn

Japan-Australia Minerals Investment Seminar, 2012

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Western Australian Focus

WA Welcomes Japanese

Minerals Investment

Dr Rick Rogerson Executive Director

Geological Survey of Western Australia

12 November 2012

Japan–Australia Minerals Investment Seminar 2012


Production value reaches new

heights

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Plentiful uranium resources

• Total known resources: 211,000 tonnes

U3O8 (465 Mlbs U3O8)

• Easily-mineable surficial calcrete-

hosted resources predominate

3


Uranium – variety of

mineralization styles

New discovery at Theseus - Lake

Mackay in lignitic paleochannel

sands with best result 9.06 m at 620

ppm eU3O8

EPA approves Lake Way with mining

planned for 2014-15, producing 1200

tpa of uranium oxide concentrate

over 14 years

Yilgarn - Avon JV maiden Inferred

Resources of 6.22 Mt at 237 ppm U3O8

for 3.25 Mlbs U3O8 of sandstone-hosted

roll front mineralisation

New calcrete and sandstone-

hosted targets generated from

recent EIS-funded airborne

radiometrics in palaeochannels

at Peranbye, Yalgoo, and Byro.

Total known resources:

211,000 tonnes U3O8

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Japan-Australia Minerals Investment Seminar, 2012 5

Uranium – first mine in 2013

• Final Commonwealth

Government approval

for Toro’s Wiluna

uranium project

expected by end of 2012

• WA Opposition Party

has stated that it will not

oppose project if party

wins State election in

March


Many new copper (+ gold)

discoveries in 2011 & 2012

• Discovery of DeGrussa (Sandfire Resources)

Cu–Au deposit in Proterozoic rift sequence near

Archean Yilgarn basement was a game changer

• 29 copper discoveries in 2011; 18 so far in 2012

• New discoveries in western Yilgarn suggest new

Cu+Au district

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3 8

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WA Copper Exploration: exploration stage 2011

Scoping & Feasibility

Advanced

Exploration

Grass roots

New Cu discoveries

in 2011

2012 Cu discoveries


Peak Hill region —

Proterozoic rift basin

Copper-gold deposits

Archean basement

Proterozoic basin

Iron deposits

Gold deposits

Manganese deposits

DeGrussa Cu Au

Thaduna/Green

Dragon Cu


Thaduna/Green Dragon —

discovery under abandoned mine

• Ventnor Resources

Thaduna/Green Dragon

• Thick high grade copper

intersections

13.3m @ 2.50% Cu

8m @ 4.2% Cu including

5m @ 6.28% Cu

17m @ 2.95% Cu including

8m @4.52% Cu

• Chalcopyrite, bornite,

chalcocite mineralization

• Resource estimate pending

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Hollandaire — another classic

Archean VMS

• Announced by Silver

Lake Resources in

November 2011

• Hosted by Archean

felsic volcaniclastics

• 25km from main

Northern Highway

• Excellent Cu and Au

grades with

chalcocite blanket

• Discovery after

drilling ground E-M

anomaly

Hollandaire

Granite

Meta basalt, gabbro

Meta sedimentary and felsic volcanics suite

Mineral

deposit

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Hollandaire — supergene

enrichment adds to value

Best intersections:

• 14.3m @ 7.8% Cu & 1.0g/t Au

• 9.3m @ 15.4% Cu & 2 g/t Au

• Resource open to southwest

and at depth

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Latest resource estimate:

Inferred 2.8 Mt@ 1.6% Cu, 0.4g/t Au

5g/t Ag (supergene 4.6% Cu)

Total 45 Kt Cu and 34,000 oz Au

Japan-Australia Minerals Investment Seminar, 2012 11

Sirius Resources:

• Used GSWA geochemistry and airborne magnetics surveys to identify the

Nova anomaly in high grade metamorhosed ultramafics

• drilled using Government co-funding

Nova Ni-Cu discovery marks new

Ni province in WA

Yilgarn Craton Albany Fraser Orogen

Nova Ni project


Nova deposit grows with ongoing

drilling

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• EM proving to be valuable exploration targeting technique

• Nova is the first of 4 EM targets to be detected in The Eye

• Significant Cu grades associated with Ni

The Eye


Graphite deposits near

infrastructure

• Since January 2011, flake graphite prices

has risen over 140%

• Most advanced is Munglinup River*

(Adelaide Prospecting Pty Ltd)

• Other deposits include Yalbra, Dalgaranga*,

Donnelly River, and East Kimberley-

McIntosh

• Some deposits have flake graphite

• JV’s, off-take agreements may be welcome

13 * Resource estimate

From Beat the Market Stock Picks

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Munglinup River graphite

• Flake graphite

• Resource of 1.47Mt @ 18% fixed carbon

• Open to north and south

• 3km to highway and 110km from Esperance port

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WA wants to attract international

investment

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Total Foreign

Investment:

A$54.9 billion


WA Government supports

new resource investment

Two strategies:

• Streamlining approvals processes for

exploration and development

• $20 million per year Exploration Incentive

Scheme (including a $5 million per year

drilling subsidy)

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100% coverage of airborne

magnetics and radiometrics

• Prior to EIS, 30% of WA did

not have modern ≤ 400 metre

airborne magnetics and

radiometrics

• In last 3 years, many 200 m

surveys flown

• Will finish entire State in 2012

New releases every month or so

www.dmp.wa.gov.au/geophysics

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Many new gravity surveys

Peak Hill gravity

EIS program

2009 – 2012

• 11 surveys

• ~ 75,000 stations @ 2.5 km grid

New releases at:

www.dmp.wa.gov.au/geophysics

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Exploration Incentive Scheme —

Government-subsidised Drilling

The Government may contribute up to

mineral exploration drilling in under-

explored areas:

• $200,000 for a single deep hole

• $150,000 for a multi-hole program

• $30,000 for a genuine prospector

Condition:

• early release of information and

public access to core

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We are here to help ....

The WA Government has lead agencies that help resource

explorers and developers

Contact WA’s Tokyo Trade & Investment office

http://wajapan.net/

For further information on doing business in Australia

Please visit www.austrade.gov.au/Invest

Department of Mines and Petroleum www.dmp.wa.gov.au

Department of State Development www.dsd.wa.gov.au

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http://wajapan.net/

http://www.austrade.gov.au/Invest


Disclaimer

• The companies named in this presentation have not

indicated to DMP that the prospects mentioned or

described are available for joint venture or purchase.

• The projects and prospects mentioned or described

should be taken as examples of commodities,

mineralization styles or the size of deposits that occur in

Western Australia.

• The Government of Western Australia does not endorse

the companies, projects or prospects mentioned or

described in this presentation.

• Due diligence is recommended before any investment

decision.

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Documents

Western Australian Focus - mric.jogmec.go.jpmric.jogmec.go.jp/wp-content/old_uploads/seminar_doc/2012/briefing_121112_5.pdf · tpa of uranium oxide concentrate over 14 years Yilgarn