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.
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.
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.
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.
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.
Page last updated: 05 Jan 2021