North Central Victorian Goldfields Ground Release
Tender update – tender has now closed
The tender for the North Central Victorian Goldfields Ground Release closed at 6pm (AEDT) on Friday 14 February 2020.
Evaluation of tender responses will take place over the coming months. Tender evaluation is being conducted by an Independent Assessment Panel, supported by a Responsible Minerals Exploration Advisory Panel and a Traditional Owners Advisory Panel.
The tender and evaluation process is being overseen by an external independent Probity Advisor.
The Department will provide further information in due course around when the outcomes of the tender process are expected.
Victoria has re-emerged internationally as a prime minerals exploration destination, particularly for gold. Increased gold exploration activity in recent years, especially within the goldfields region, has shown promising signs of the potential for new gold discoveries. This, together with recent high-grade gold discoveries and production success at Fosterville (near Bendigo) highlights the potential for additional high grade, low cost gold discoveries and development opportunities within this region.
Most of the undiscovered gold in Victoria is likely to lie at greater depths than has previously been explored
The Geological Survey of Victoria estimates that there may be up to 75 million ounces of gold yet to find in the central and north central Victorian goldfields. This compares with the 80 million ounces of gold mined from the area over the past 160 years.
To explore this potential, the Government is releasing new minerals exploration licence areas within the north central goldfields region, via a merit based tender process.
Experienced and progressive minerals explorers with a history of, and commitment to responsible exploration were invited to tender for mineral exploration rights (subject to licensing) for one or more exploration licences over four large areas (blocks) of prospective ground, ranging in size from 327 and 512km2.
The process encourages experienced, progressive and responsible minerals explorers to compete in an open, international, merit-based tender.
The tender will enable the us to identify the most suitable explorers – those with outstanding work programs, demonstrated corporate social responsibility and a solid commitment to working with Traditional Owners, local communities and landholders.
The tender opened on 29 October 2019 and closed at 6pm (AEDT) on 14 February 2020.
Page last updated: 06 Apr 2020