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    Coat of ArmsMedia Release
    Minister for Natural Resources and Mines
    The Honourable Andrew Cripps

    $2.1 million for priority exploration projects

    Minister for Natural Resources and Mines
    The Honourable Andrew Cripps

    Thursday, August 14, 2014

    $2.1 million for priority exploration projects

    Five new resource exploration projects are getting off the ground thanks to a $2.1 million boost from the Newman Government.

    Mines Minister Andrew Cripps said the State Government’s investment would develop new opportunities for the resources industry – and create more jobs for Queenslanders.

    “More jobs are now being created in Queensland than in any other state and our support for exploration aims to ensure we remain Australia’s biggest job creator,” Mr Cripps said.

    “Successful resource exploration leads to mines, creating more jobs for Queensland families and pumping more money into our regions.

    “We have a strong plan for the resources industry and will continue to support exploration opportunities, large and small, so Queensland can again become the nation’s leading economy.”

    Mr Cripps said the five ‘industry priority’ projects would significantly raise Queensland’s resource exploration investment profile and boost the success rate of exploration in the state.

    They will also build on the benefits being delivered by the four industry priority projects announced in October 2013 and now underway throughout Queensland.

    “All these projects were identified by the resources industry and the Geological Survey of Queensland as having the highest potential for success,” Mr Cripps said.

    “They will acquire important pre-competitive geological and geophysical data that will help mineral and energy-related explorers attract investment and better target exploration opportunities.”

    Round two of the Industry Priorities Initiative is being funded through the Queensland Government’s $30 million Future Resources Program.

    The five round two projects are:

    • A deep-penetrating aerial electromagnetic survey south of Cloncurry over highly prospective ground for gold and copper in the Mount Isa Eastern Succession;

    • A two-year project to provide the mining industry with a series of region-wide calibrated spectral datasets, allowing detection of subtle geochemical signatures of buried mineral systems in North Queensland;

    • A two-year study into advanced bulk mining methods to upgrade the economic viability of ore bodies in the Cloncurry region;

    • A mapping and test-drilling program to uncover a potential new economic mineral sand resource on central western Cape York;

    • A study to identify possible hydrocarbon source rocks in the Adavale and Georgina Basins to determine the likelihood of petroleum and deep gas discoveries in these little-explored basins of north west Queensland.

    More information is available at: www.dnrm.qld.gov.au

    [ENDS] 14 August 2014

    Media contact: Kate Haddan 0418 373 516