Metals/Mining - Kensington, WAU, AU
Mineral and energy resources contributed ~50% of Australia's exports and ~7% of GDP in 2017-2018. The future of this contribution is at risk due to the trend of the declining discovery of major, new mineral deposits. Australia's attractiveness as an exploration destination has been diminished by a range of factors including;• perceptions of Australia as a mature exploration destination where there are fewer opportunities for new discoveries;• challenges in exploring for deposits buried under the overlying sand, soil and sediment that covers much of Australia. There are few, if any, remaining major, new mineral deposits that are exposed at the Earth's surface remaining to be found in Australia. The technical challenge of cost-effectively finding major, new mineral deposits hidden beneath barren cover rocks has not yet been met. Consequently, mineral exploration is moving from Australia to less well explored countries with Australia's share of global mineral exploration reducing from ~1/4 in the 1990s to ~1/8th currently.In order to reverse this trend, we require a new set of exploration tools and new ways to deploy those tools which recognise the fundamental importance of collecting quantity and quality data from the subsurface. Collecting these data requires drilling.MinEx CRC's research will include:• Developing more productive, safer and environmentally-friendly drilling methods to discover and drill-out deposits, including coiled tubing drilling technology.• Developing new technologies for collecting data while drilling, bringing forward mine production.• Implementation of a National Drilling Initiative (NDI) - a world-first collaboration of Geological Surveys, researchers and industry that will undertake drilling.
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MinEx CRC: Revolutionizing Mineral Exploration in Australia Mineral and energy resources are a vital part of Australia's economy, contributing approximately 50% of the country's exports and 7% of its GDP in 2017-2018. However, the future of this contribution is at risk due to the declining discovery of major, new mineral deposits. To address this challenge, MinEx CRC, a mineral exploration company based in Kensington, Australia, is dedicated to developing innovative solutions to improve the efficiency, safety, and environmental sustainability of mineral exploration. MinEx CRC's research focuses on developing cutting-edge drilling technologies, such as coiled tubing drilling, and new methods for collecting data while drilling. The company's National Drilling Initiative (NDI) is a world-first collaboration between Geological Surveys, researchers, and industry partners, aimed at undertaking drilling projects that will help to identify new mineral deposits. By implementing these new technologies and methods, MinEx CRC aims to reverse the trend of declining mineral exploration in Australia and promote the country's attractiveness as an exploration destination. Led by Chief Executive Officer, Andrew Bailey, MinEx CRC has a team of experienced professionals who are passionate about revolutionizing the mineral exploration industry. With a strong focus on sustainability and safety, the company is committed to creating a positive impact on the environment and local communities. In conclusion, MinEx CRC is at the forefront of mineral exploration innovation in Australia. By developing new technologies and methods, the company aims to revitalize the industry and ensure the long-term sustainability of mineral resources in the country. With its commitment to sustainability, safety, and innovation, MinEx CRC is set to make a positive impact on the mineral exploration industry and contribute to the growth of Australia's economy.
Australia's economy benefits greatly from mineral and energy resources, but this contribution is at risk due to the decline in the discovery of new deposits. There are fewer opportunities for new discoveries in Australia due to perceptions of it being a mature exploration destination, and exploration is also difficult due to the covering of sand, soil, and sediment. Currently, there are few remaining mineral deposits that are exposed at the Earth's surface, and the challenge of finding hidden deposits is unmet. As a result, mineral exploration is moving to other countries, reducing Australia's share of global exploration. To address this, new exploration tools and methods are required, focusing on collecting data from the subsurface through drilling. MinEx CRC's research aims to develop safer, more productive, and environmentally friendly drilling methods, new technologies for collecting data during drilling, and a National Drilling Initiative, a collaboration between Geological Surveys, researchers, and industry to undertake drilling. This will help to reverse the trend of decreasing mineral exploration in Australia and ensure the continued contribution of mineral and energy resources to the economy.