North Central Victorian Goldfields Ground Release
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 are invited to apply for the right to be the exclusive applicant for a minerals exploration licence over one or more of 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.
Following the tender process, we will invite the successful tenderer for each block awarded to exclusively apply for a minerals exploration licence. Licence applications will be considered as per the standard licencing process under the Mineral Resources (Sustainable Development) Act 1990.
The tender opened on 29 October 2019 and will close on 31 January 2020.
Page last updated: 23 Dec 2019