EXPLORATION

NT courts Canadian explorers

THE Northern Territory has showcased the Critical Minerals in the Northern Territory guide at a conference in Toronto, Canada in a bid to woo international investors and explorers.

 NT exploration

NT exploration

The guide outlines the NT's list of 15 critical minerals, as well as geological potential for a further 13 emerging critical minerals.

The 15 critical minerals include aluminium, cobalt, copper, lithium, magnesium, manganese, molybdenum, nickel, phosphate, rare earth elements, titanium, tungsten, vanadium, zinc, and zirconium.

The 13 potentials include antimony, bismuth, gallium, germanium, graphite, helium, high purity alumina, niobium, platinum-group elements, scandium, silicon, tantalum, and tin.

Mineral exploration in the NT is up 30% on 2021 figures, with expenditure also up, from $153.4 million in 2021 to $198.6 million in 2022.

In the December quarter mineral exploration expenditure was $56 million, up 25% on the same quarter in 2021.

NT mining minister Nicole Manison said the territory was underexplored for critical minerals and the demand for those minerals was expected to soar.

"This presents huge economic and strategic opportunities for the NT to become a leading and reliable supplier of minerals to support the global energy transition," she said.

"The $82.7 million spent on exploration for critical minerals such as lithium and rare earths was a record, 74% higher than the record previously set in 2011."

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions