Building Australia's Resource Wealth

Environment

Australia's mineral and energy resources are a major contributor to the nation┬┐s wealth, both economically and socially. Understanding the available resources is a prerequisite for formulating sound policies on resources and land access.

Australia has a significant advantage in the production of resource commodities over other nations. This advantage stems from the rich and diverse mineral and energy endowment, the high quality regional-scale geoscience information that lowers the risks of exploration, advanced exploration, mining and processing technologies, a skilled work force, generally favourable physical environments, relatively stable economic conditions, enabling and robust legislative framework and low sovereign risk.

Purpose

Maximise benefits from Australia's minerals and energy resources, now and into the future.

Our role

Attract exploration investment to Australia by building a prospectus of minerals and energy resource potential.

Our strategies

  • Develop capability to predict Australia's  minerals and energy resource potential.
  • Identify new prospective minerals and energy provinces through the acquisition, analysis and delivery of pre-competitive information.
  • Assess Australia's minerals and energy resources to provide authoritative, independent information and advice to the Australian Government and other stakeholders.
  • Provide leadership in promoting Australia's minerals and energy resource potential.

Desired outcomes

  • Australia is an internationally competitive destination for minerals and energy resource investment.
  • Australia maintains its minerals and energy resources pipeline through new discoveries.
  • Australia's resources are optimised to benefit and contribute to the economy.
  • There is public confidence in the management of the minerals and energy resources sector.

Performance information

Geoscience Australia's performance will be assessed using a number of qualitative and quantitative measures to communicate a comprehensive view of performance that will be presented in the organisation's annual performance statement.

Performance measures will include assessment against key deliverables and performance indicators, as well as incorporating results from science evaluations and stakeholder surveys.

  • Science evaluations are undertaken by a panel of independent experts who assess key elements of Geoscience Australia's work programme against the performance criteria of the organisation's scientific principles.
  • Geoscience Australia undertakes a biennial stakeholder survey to assess stakeholder satisfaction levels against key criteria relating to the organisation's products and services.

Programme Deliverables

2016-2017

2017-2018

2018-2019

2019-2020

Energy Pre-Competitive Resource

  • Geological studies of the evolution and resource potential of onshore and offshore energy systems, including new data acquisition and delivery
  • Management of the National Low Emissions Carbon Infrastructure funding

 

 

 

 

 

 

Minerals Pre-Competitive Resource

  • New pre-competitive data collection, processing and delivery in greenfields undercover Australia in collaboration with state and Northern Territory governments
  • Geological studies of the evolution and resource potential of undercover greenfields regions to support mineral exploration investment in collaboration with state and Northern Territory governments

 

 

 

 

Resources Advice and Promotion

  • Deliver supporting information for the Offshore Petroleum Acreage Release
  • Deliver components of the China Australia Geological Storage of CO2 Project
  • Deliver investment promotions at key international resource seminars and trade conventions

 

 

 

 

Key Performance Indicators

2016-2017

2017-2018

2018-2019

2019-2020

Stakeholder satisfaction with Geoscience Australia's acreage release products and services

80%

80%

80%

80%

Number of external stakeholders viewing Geoscience Australia's pre-competitive information

15

15

15

15