At the tail end of 2019, the Queensland Government released more land in the coal-rich Bowen Basin for exploration; providing five areas made up of 147 sub-blocks for potential steel-making coal and thermal coal findings. This was on top of the 11 areas, totalling 3741 square kilometres, for petroleum and gas exploration in the Bowen and Surat basins, also announced by the Government.
Queensland’s land release followed the Victorian Government’s North Central Victorian Goldfields Ground Release announcement at IMARC 2019, whereby tenders were open for minerals’ exploration licences for four pre-defined blocks, which range in size from 327km2 – 512km2.
In general, whilst mining and energy explorers and developers remain cautious, industry analysts are believing “the exploration cycle is returning”, especially as Australian exploration budgets increased by nearly US$200 million in 2019.
With these exploration and expansion opportunities however, priorities for industry to better engage with traditional owners is playing an even more important factor. The Energy Mines and Money program will not only provide updates on key projects for mining and energy in the area but also addresses how such projects are overcoming SLO, engagement, and geological challenges.
The Mineral, Coal, Oil and Gas Exploration and Development session is relevant for:
- Those interested in hearing about exploration and development opportunities and projects
- People with interests in coal, minerals, base and precious metals, and oil and gas
- Explorers, geoscientists, and junior miners
- Mining development and production companies
- Investors, financiers and analysts
- Drilling, geospatial and METS companies involved in exploration and development
- Geoscience and investment Government departments
Hear from industry experts on exploration and development opportunities
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