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Mineral Resources Authority Papua New Guinea

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Presentation on theme: "Mineral Resources Authority Papua New Guinea"— Presentation transcript:

1 Mineral Resources Authority Papua New Guinea
EXPLORATION AND PROSPECTIVITY IN PNG It gives me great pleasure to present today some aspects of PNG’s exploration, geoscience and mineral prospectivity

2 Currently there are 9 operating metalliferous mines in PNG (Ok Tedi, Porgera , Ramu, Kaiantu, Tolukuma, Sinivit, Hidden Valley, Tolukuma amd Lihir). Most of these are exploited for their gold resource with the exception of Ok Tedi which also has major copper resources. There are Potential mines for Copper and gold are at Wafi-Golpu and with interest to reopen Panguna Mine on Bougainville Island. Potential areas to be mined are gold-silver resources at Serullea/Weioko and Imwana. Areas of advanced exploration attempting to be mines are at Frieda River and Nena (Copper- gold), Mount Kare (Gold) in which the current explorer operator is in liquidation, Yandera, Woodlark Island, Mount Pench, Metaworei (all gold), Wowo Gap (lateritic Nickel) Laloki (Cu-Au) and Kodu/Ofi (Cu), and offshore at the Solwarra 1 Copper-gold –zinc prospect (COMMENT HERE IF ML IS GRANTED) . A closed rehabilitated (Gold-silver) operation is on Mismia Island. There is active exploration mainly for porphyry and epithermal Copper- gold deposits with this part of the SW Pacific being rich in gold in these deposit styles. There is also exploration for a range of other metals in PNG including alluvial gold, Platinum Group elements associated with ultramafics of the Papuan Ophiolite Belt and elsewhere, heavy mineral beach deposits and offshore for volcanogenic massive sea floor sulphides particularly by Nautilus. 2

3 The real prospectivity of PNG is being recognised by global exploration companies. The land and surround sea areas of PNG are close to being totally covered by exploration and development applications as can be seen in the current exploration map covering the country as at 1 November 2010. 3

4 EU Collaborative Projects with Geological Survey Division in 2010
Regional geological mapping survey 2010 with GMME & EU GEOMAP - map/publication series compilation Regional drainage geochemical survey Training of PNG geologists (GSD and UPNG ) In 2010 there were 3 main areas carried out as part of collaborative projects funded by the EU under the GEOMAP program 1. Regional geological mapping survey 2010 with GMME & EU GEOMAP - map/publication series compilation 2. Compilation of the results of a regional drainage geochemical survey that continued from and 3. Training of PNG geologists from GSD and UPNG students. This took the form of courses in sedimentology and field mapping techniques. 4

5 WBTA 2 and MRA Projects proposed for funding
PNG Stratigraphic Lexicon / seamless 250K map Cartography – GSQ & Geodatabase map production in ArcInfo Geotechnical operations review Geothermal sites inventory and description Final Terms of reference have been completed for a consultancy to develop a lexicon of PNG stratigraphy and work towards a seamless digital geological map coverage Cartographers at GSD have been extensively trained in Arc Info and they are developing a geodatabase of symbology A proposal for an operational review of geotechnical work at GSD has been submitted A proposal for developing an inventory of geothermal sites has been completed for action in This energy resource forms one of the major regions for R&D to satisfy the goal of vision 2050 to have all energy generated by renewable sources. 5

6 WBTA 2 and MRA Projects Updating open file geochemistry data from company reports Work on developing an integrated Geological and tenure database Scanning of all geoscience data in the library system and list of all open file reports Core library plans and construction Updating the coverage of open file geochemistry data extracted from company reports has been forwarded to Terra Search Pty Ltd and a proposal has been received to commence this project Work on developing an integrated Geological and tenure database will commence with the arrival of a new geological database geologist Scanning of all geoscience data in the library system and having a list of all open file company report is advancing at about 600 report per months Core library plans are close to completion and work will begin after a review and acceptance of plans by the Building Board and construction should commence early in 2011. 6

7 Collaborative Geophysics training & projects
Delft University airborne geophysics / remote sensing interpretation courses Earthquake survey of the SE Papua (Eastern Papua Peninsula and Milne Bay Province) with Colombia University, USA. Ontong Java Plateau – LIP - JAMSTEC Seismic refraction, Seismic reflection, Marine gravity, Geomagnetics, Sea floor topography (side scan sonar) Geophysics training and collaboration included courses at Delft University in interpreting airborne geophysics and remote sensing, setting up of a seismic monitoring network of SE papua and Milne Bay in collaboration with Columbia University in the USA and the Ontong Java Plateau scientific cruise in with the Japanese Agency for Marine Science and Technology (JAMSTEC) which carried out t Seismic refraction using Ocean Bottom Seismographs (OBS), Seismic reflection using Multi-channel reflection system (MCS), Marine gravity survey, Geomagnetic survey and Sea floor topography using side scan sonar. A report on the cruise has been released by the Geological Survey Division. 7

8 Collaborative projects / training
Geophysics Ontong Java Plateau – Large Igneous Province - JAMSTEC Seismic refraction, Seismic reflection, Marine gravity, Geomagnetics, Sea floor topography (side scan sonar) A collaborative project between GSD, UPNG and JAMSTEC 8

9 2010 Cruise shown in black with previous seismic profiling shown in white with the islands of PNG and the Solomons shown as backdrop. 9

10 Wafi-Golpu Cu-Au Porphyry

11 Wafi - Golpu Resource Pre feasibility study
Large multiple lodes high sulphidation system Drilling to 1800m Resource is open to the north Au resource – Wafi - 8.8Moz Porphyry Cu - Golpu - 4.8Mt Cu For those who don’t know the current work at Wafi includes a pre-feasibility study that is showing the resource is potentially larger than OK Tedi with gold > 9 Million ounces of gold and and 4.8 Million tonnes of copper. 11

12 Deliverables from Project E MSSP and GEOMAP
Fugro Highlands airborne Survey - final data - world’s largest heliborne magnetic/radiometric survey (PROJECT E) Multielement geochemistry - 48 element stream sediment survey of 14 map sheets of Area 1 (database and maps) Geological Map Publication series Metallogenic maps Read slide 12

13 GEOMAP Partners British Geological Survey (BGS)
Deutsche Montan Technologie (DMT) Council for Geoscience (RSA) Mineral Resources Authority (MRA) The major EU-funded Geomap project has 4 partners – the British Geological Survey (BGS); Deutsche Montan Technologie (DMT); Council for Geoscience (RSA): and the Mineral Resources Authority (MRA) . Geologists from British Geological Survey (BGS); Deutsche Montan Technologie (DMT), council for Geoscience and the Mineral Resources Authority (MRA) are responsible for updates to the geological mapping at 1: scale and the multi-element geochemistry. The Council for Geoscience (RSA): and the Mineral Resources Authority (MRA) will produce two metallogenic maps over the project area. A Map-Publication series comprising a geological map with an accompanying report are being produced. This project which has delivered pre-competitive geoscience data in the form of geophysics and geochemistry has attracted major global explorers back into PNG after a considerable time frame. The delivery of the geological maps should spark further interest by these explorers, and it is important that the impetus created by this data is maintained with similar programs from MRA. 13

14 FUGRO GEOPHYSICAL SURVEY Magnetic and Radiometric helicopter survey Line spacing 4-500m - terrain clearance c.100m Area 1: c. 62,000km2. Area 2: 29,400km2

15 TMI magnetic of Area 1 GILUWE Mount Hagen BOSAVI
Area 1 magnetic data of the highlands featuring high magnetic features associated with granite, ultramafics and large Quaternary volcanic edifices at Bosavi at Giiuwe and Mount Hagen. The main features of the magnetic data are anastomosing and curvilinear. The majority of these picked up in the magnetic data trend north-westerly and reflect major fault collision zones commonly between different geological terranes in the major collision zones of mainland PNG. 15

16 EU- funded GEOMAP Project
Figure shows areas of field mapping carried out from with that currently being undertaken on the Double map sheet in the North –west in 2010. 16

17 Prospects for the discovery of new mineral deposits
Prospectivity in PNG is very high with large underexplored regions Geochemistry shows potential in areas not previously explored Large numbers of streams contain alluvial gold with no known hard rock source The development of pre-competitive geoscience data is bringing major companies to explore in PNG THE POTENTIAL FOR NEW DISCOVERIES IS VERY HIGH Read slide 17

18 Communication strategy
Long term 5 year targeted, global effort. Participation in industry conferences and trade fairs. Webpage - all information on the internet. Industry reviews – published regularly. Articles planted in leading industry publications. Cooperation with other stakeholders (Chamber of Mines & Petroleum). Cooperation with Raw Materials Group of Sweden leading investment promotion consultancy with global experiences 18 18

19 Conferences & trade fairs
Articles published pre-conference. Attractive booth, location/lay out: PNG exotic country with extraordinary geology. Oral presentation. Latest exploration results presented. Special seminars organised. Private meetings with targeted companies. All material simultaneoulsy on webpage. Conserted efforts 19 19

20 Focus countries Canada – global mining junior finance centre.
South Africa – important investor into PNG. London – global mining majors’ finance centre. Asia – emerging mining interests. China – global mining boom engine and latest investor into PNG. PDAC > visitors Mining Indaba ~ visitors Mines & Money ~ visitors Hong Kong/Dubai ~ 500 visitors China Mining > visitors Results encouraging programme continues another two years. Focus on China and Asia. 20 20

21 PNG Facts & Figures at a Glance…
Mineral dependant economy (65% total export receipts 2009). 2.2 million Oz Au, 13.3 tonnes Ag, 200,000 tonnes Cu produced in 2009. Contribution from 3x large mines, 2x medium mines, 2x small mines and 80,000 artisanal miners. 3x large land base mines, i.e. Yandera, Wafi, Frieda and one offshore mine, i.e. Solwara 1, to commence production in the next 5-8 years. Diversification of mineral base (Co, Ni & Mo). 21

22 Government Policies & Legislations - Mining Act 1992
Principal legislation that regulates exploration & mining in PNG - first come first serve basis - EL up to 2,250 sq.km - unlimited renewals provided. Also allows - right in priority for mining lease - ML granted for 20 years (and renewable) License Types - EL, ML, SML, AML, Lease for mining purpose & mining easement 22

23 Exploration Licences 2006-2009
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24 Exploration Licence Applications 2008-2009
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25 Exploration Expenditure 2006-2009
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26 Thank you for listening
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27 PNG - a dynamic developing minerals industry
Mineral Exploration in PNG Geological Mapping Geophysics Geochemistry Prospects for the discovery of new mineral Resources My talk today will cover the five main aspects of the current dynamic development of PNG’s mineral industry – Exploration, geological mapping, geophysics and geochemistry and the potential for the discovery of new mineral resources.

28 Functions of the Mineral Resources Authority
Advise Minister on matters relating to management, exploitation, and development of PNG mineral resources Promote orderly exploration and development of PNG mineral resources Oversee administration and enforcement of Mining Act 1992, Mining Safety Act (chapter 195A), Mining Development Act, Ok Tedi Acts and Bougainville Copper Agreement Act Negotiate mining development contracts and MOAs Conduct geoscientific investigations into PNG geological resources Provide small scale mining services Collect, analyse, store, archive and disseminate and publish geoscientific information My talk today will cover the five main aspects of the current dynamic development of PNG’s mineral industry – Exploration, geological mapping, geophysics and geochemistry and the potential for the discovery of new mineral resources.


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