The Queensland Government is seeking industry input as part of the government’s expression of interest process ahead of the state’s resource exploration strategy.
The process will ask companies to nominate land for resources exploration in infill areas adjacent to existing coal and gas tenures. Companies can also express an interest in exploring an area with an identified vanadium resource near Julia Creek in Northwest Queensland.
Minister for Natural Resources and Mines Dale Last says the government is committed to attracting new investment in the state’s resources.
“Maintaining a strong pipeline of exploration protects the future of Queensland’s resources sector, which returns billions of dollars to Queenslanders,” Last says.
“We’re asking industry to tell us where they are interested in exploring, which will inform our decisions over future land exploration releases.
“This expression of interest is our next step towards unlocking new resources supply and follows our well-received gas exploration release earlier this year.”
In 2023-24, mining was Queensland’s largest industry worth $61.6 billion in nominal gross value added terms. Over the past decade, it had averaged 12% of annual GVA but fluctuated between a low of 6.7% and a high of 18.2%.
Write to Aaliyah Rogan at Mining.com.au
Images: Queensland Resources Council
