Key resource opportunities
Victoria is a rich source of natural resources including base metals, brown coal, gold, mineral sands and oil and gas.
Base metal occurrences exist throughout the State of Victoria with particularly strong under cover prospectivity in the state’s northwest. Base metal ores present in Victoria contain relatively common metals such as copper, lead, zinc, molybdenum and nickel.
View the base metals fact sheet
Victoria offers investors the opportunity to develop low-cost brown coal projects from one of the world’s largest, high-quality coal resources, located close to potential carbon capture and storage sites.
Find out more about coal in Victoria
Victoria has 13 goldﬁelds that have each produced more than 1 Moz of gold, including one ﬁeld of 22 Moz (Bendigo) and another of 12 Moz (Ballarat). Many of these old goldﬁelds offer opportunities to reopen mines or ﬁnd totally new deposits through modern exploration techniques.
Find out more about gold in Victoria
Victoria’s mineral sands deposits are considered extremely competitive in a global context, in terms of size, grade and assemblage. Victoria has extensive deposits of mineral sands including: titanium minerals (rutile and ilmenite), zircon, monazite and xenotime, containing yttrium.
Find out more about mineral sands in Victoria
Oil and gas
Offshore Victoria is a world-renowned oil and gas province with potential opportunities for explorers in new areas or through farm-in, underpinned by world-class pre-competitive information and ready access to existing infrastructure and markets.
- Learn more about why you should invest in Victoria from our State of Discovery: Minerals Resources Strategy
- Current and recent investment activity is available on our tenders and acreage releases page.
Page last updated: 03 Dec 2021