The Minister for Energy and Resources, Martin Ferguson AM MP, today, released a report which will provide valuable information and significant benefits for mining and exploration companies investigating north-eastern South Australia's resource potential.
Speaking at the AusIMM International Uranium Conference, Minister Ferguson said the report, titled Frome airborne electromagnetic survey, South Australia: implications for energy, minerals and regional geology interpretation record, provides new insights into mineral systems in the region regarding the geological evolution of the northern Flinders Ranges, Lake Frome region and northwest Murray-Darling Basin.
The report was prepared by Geoscience Australia in conjunction with the South Australian Department of Manufacturing, Innovation, Trade, Resources and Energy, with support from Callabonna Uranium Ltd.
"The Frome airborne electromagnetic survey was the most extensive of its type ever undertaken in Australia, covering more than 95,000 square kilometres in northeast South Australia, representing about one tenth of the State," Minister Ferguson said.
"Cooperative ventures of this nature play an important role in providing industry with valuable pre-competitive data to help reduce exploration risk and enhance opportunities to better target areas for exploration and production, as well as increasing industry's understanding of the geological architecture associated with known resources such as the Beverley, Honeymoon and Four Mile deposits.
"The Lake Frome region contains significant known mineral resources, including around 60,000 tonnes of uranium as well as other commodities such as copper and gold." Minister Ferguson said.
The dataset can be used to promote exploration for a number of commodities in the region, including gold, copper, magnesium, iron ore and coal as well providing information about groundwater.
An airborne electromagnetic survey involves transmitting an electromagnetic signal from an aircraft which induces electric currents in the ground that are detected by receiver coils towed behind the aircraft. This allows the identification of a range of geological features which can indicate the presence of certain minerals.