EXPLORATION PROJECTS IN FOR MILLION DOLLAR BOOST

Written on the 17 June 2015

EXPLORATION PROJECTS IN FOR MILLION DOLLAR BOOST

FOUR major exploration projects have been kick-started as a result of a recent million-dollar injection by the Queensland Government.

Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham announced $1.035 million would be granted to geoscientific proposals which the department believes will significantly improve success in the field of mining and exploration.

"[These projects] will focus on developing new exploration techniques and geoscientific information to help mineral and energy-related explorers attract investment and better target exploration opportunities," says Dr Lynham.

"This will help attract exploration investment back to Queensland, and support ongoing resource sector growth."

Three of the four projects are based in the Cloncurry region which separately focus on developing detection methods for deep ore bodies, creating a new suite of geophysical tools and using advanced simulation to predict new mineralisation in north-west Queensland.

The fourth at Surat Basin will use leading-edge mapping technology to better understand the region, while simultaneously ensuring sustainable gas extraction and managing contamination risks.


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