Resources search will focus on Barkly
A recently-announced geoscience program aims to attract investment in mineral and energy exploration and development in the Barkly region.
The Exploring for the Future program recognises that the vast under-explored Barkly region offers enormous potential for development and is close to Asian markets.
The $100 million four-year Australian Government initiative will see Geoscience Australia work with the Geological Survey team from the Northern Territory Department of Primary Industry and Resources to develop a greatly improved understanding of the buried geology and resource potential of the area.
The Exploring for the Future program comprises three integrated components:
- a minerals component focuses on identifying geological terrains with potential for various mineral deposit types;
- an energy component aims to better understand the location and scale of potential oil and gas resources; and
- a groundwater component will assess the location, quantity and quality of groundwater, and rates of use or depletion, to identify potential opportunities for irrigated agriculture, mineral and energy development, and community water supply.
The area of focus for the minerals and energy components in the Barkly region extends from Tennant Creek east to the Queensland border and Mount Isa, and also encompasses the area north to Borroloola. It is expected that areas of focus for the groundwater component of the program will be announced in the coming months.
Visit the Australian Government Department of Industry, Innovation and Science’s Exploring for the Future webpage to find out more.