First national mineral system assessment of Australia's iron oxide copper-gold potential

Output type: Exploring for the Future Extended Abstract

Short abstract: Iron oxide copper-gold (IOCG) deposits are a significant source of copper and gold and can also contain critical minerals that are required for the transition to a low carbon economy and to increase Australia’s security of mineral supply. Given their strategic importance, a national-scale assessment of the mineral potential for IOCG mineral systems in Australia has been undertaken using a hybrid data- and knowledge-driven approach. The national-scale assessment includes the evaluation of the statistical importance of mappable criteria used in previously published regional-scale IOCG models, resulting in the removal of five criteria and the inclusion of four new or revised criteria derived from datasets developed through the Exploring for the Future program. The new mineral potential model successfully predicts the location of 91.7% of known IOCG deposits and occurrences in 8.3% of the area, reducing the exploration search space by 91.7% and highlighting new areas of elevated prospectivity in under-explored regions of Australia. When compared to existing regional-scale mineral potential assessments for IOCG mineral systems published by Geoscience Australia, the new national-scale model demonstrates higher prospectivity in areas with known IOCG deposits and occurrences, while also highlighting new prospective areas for IOCG mineral systems. Areas with assessed high prospectivity but lacking known IOCG mineralisation include parts of the Curnamona, Etheridge and Musgrave provinces, and the Delamerian, Halls Creek and Tanami orogens. Citation: Cloutier J., et al., 2024. First national mineral system assessment of Australia's iron oxide copper-gold potential. In: Czarnota, K. (ed.) Exploring for the Future: Extended Abstracts, Geoscience Australia, Canberra, https://doi.org/10.26186/149357