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.

Our role

Attract exploration investment to Australia by building a prospectus of 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.

Work Activities and Capability

Exploring for the Future - Energy and Minerals

The Exploring for the Future programme will deliver an improved understanding of the potential mineral, energy and groundwater resources in northern Australia. This is an under-explored region and offers significant potential for development and economic growth.

Geoscience Australia will deliver a resource prospectus, as a series of integrated maps, reports and datasets, for minerals, energy and groundwater that will attract industry investment and support a vibrant mining, equipment and services industry. Geoscience Australia will lead the programme in collaboration with state and Northern Territory government entities and will include delivery of a suite of new pre-competitive geoscience data and knowledge for targeted areas of northern Australia.

Energy Pre-Competitive Information

Resource exploration investment is needed to ensure the discovery and development of the next generation of oil and gas resources, both onshore and offshore. Each year, the Australian Government releases selected offshore regions to industry for petroleum exploration. This is often supplemented by the release of onshore regions by the state and Northern Territory Governments.

In support of this, Geoscience Australia generates a national prospectus of potential energy resources through new data acquisition and regional geological studies. This energy prospectus is vital to helping secure Australia's energy future, significantly lowering the risks for companies entering into Australia and enhancing Australia's reputation as an attractive destination for energy investment in a globally competitive resources market. Geoscience Australia takes a leadership role in the coordination of geoscience work across government entities and jurisdictions, including the establishment of standards and facilitation of survey acquisitions.

Minerals Pre-Competitive Information

The Australian Government aims to improve the success of mineral exploration in greenfield (unexplored) regions. Geoscience Australia supports this by generating a national prospectus of potential mineral resources through new data acquisition and regional geological studies.

A thick layer of sediment, or cover, exists across 80 per cent of the Australian continent, concealing potential mineral resources beneath. Exploring under this cover is technically difficult, requiring innovation and development of new exploration methods. The provision of high-quality geoscientific pre-competitive information lowers the risks for exploration companies and enhances Australia's reputation as an attractive destination for minerals investment in a globally competitive resources market. Geoscience Australia's work, in collaboration with state and Northern Territory governments, addresses fundamental data gaps and prospectivity questions in exploration areas.

Resources Advice and Promotion

The provision of advice and technical information to the Australian Government enables evidence-based decision making and policy development for resources, and carbon capture and storage.

Geoscience Australia provides authoritative, independent information and advice to the Australian Government and other stakeholders. This advice is supported by our vast data holdings of resources data covering many decades.

Geoscience Australia undertakes promotional activities, often in collaboration with state and Northern Territory governments, to attract exploration investment to sustain the pipeline of resource development and investment.

Geoscience Australia also leads the China Australia Geological Storage of Carbon Dioxide project, which is a collaborative project to accelerate the development and uptake of carbon capture and storage in both Australia and China.

Performance Criteria

Geoscience Australia's work program is delivered through six key strategic priority areas. 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 work deliverables and performance indicators.

Programme Deliverables

2017-2018

2018-2019

2019-2020

2020-2021

Exploring for the future - Energy and Minerals

  • Acquisition, interpretation and delivery of pre-competitive resources data
  • Deliver prospectus of energy and minerals resource potential in northern Australia

 

 

 

 

 

 

 

 

Energy Pre-Competitive Resource

  • Deliver geological studies of the evolution and resource potential of onshore and offshore energy systems
  • Deliver assessments of the energy potential of the Geological and Bioregional Assessments program

 

 

 

 

 

 

 

Minerals Pre-Competitive Resource

  • Deliver new pre-competitive data from greenfield undercover regions
  • Deliver geological studies of the evolution and resource potential of undercover regions

 

 

 

 

Resources Advice and Promotion

  • Deliver geological information to support the Offshore Petroleum Acreage Release
  • Deliver final reports for the China Australia Geological Storage of CO2 Project
  • Deliver investment promotions at key international resource seminars and trade conventions

 

 

 

 

 

 

 

Key Performance Indicators

2017-2018

2018-2019

2019-2020

2020-2021

Stakeholder satisfaction with Geoscience Australia's acreage release products and services (biennial stakeholder survey)

N/A

80%

N/A

80%

Stakeholder satisfaction with Geoscience Australia's Exploring for the Future programme work (biennial stakeholder survey)

N/A

80%

N/A

80%