From Geoscience Australia
JSON format icon JSON RDF format icon RDF ISO19115-3 XML

The Impact and Value of Pre-competitive Geoscience

Created 16/10/2025

Updated 16/10/2025

JSON format icon JSON RDF format icon RDF ISO19115-3 XML

Geoscience Australia commissioned ACIL Allen Consulting (ACIL Allen) to independently quantify the return on investment from six pre-competitive geoscience projects. These projects include three from the first phase of the $225 million Exploring for the Future (EFTF) program (2016-2024) and three pre-EFTF projects that were undertaken within the last two decades: the Mineral Potential Mapper Project (2012-2016), the Salt Lakes Study (2012-2014), and the Northeast Yilgarn Project (2001-2004). ACIL Allen has shown that the net benefits that have been estimated to flow as a result of Geoscience Australia’s spending on each of the projects are all positive, and in many cases, quite large. The return on investment analysis for the three EFTF case studies is published separately (https://pid.geoscience.gov.au/dataset/ga/132897) and the analysis of the three pre-EFTF case studies is available here in three standalone reports. An additional overview report synthesises the findings from all six case studies to assess the broader impact and value of pre-competitive geoscience projects. This synthesis includes projects undertaken by Geoscience Australia alone or in collaboration with state/territory geological surveys and other research organisations. ACIL Allen estimated that the net present value of benefits to Australia attributed to Geoscience Australia’s contribution to the three pre-EFTF projects are between $962 million and $2.4 billion, depending on the scenario considered. ACIL Allen also estimated that for every dollar invested by Geoscience Australia in these pre-EFTF projects, the Australian Government could gain a net benefit of at least $15 and potentially as much as $157. The analysis also shows that direct jobs associated with mining operations potentially arising from GA’s work on the six projects could number in the thousands. The ACIL Allen analysis also demonstrates that considerable time may elapse between the completion of a Geoscience Australia project and commencement of the mining of any resources that are identified. The three pre-EFTF projects examined suggest that it is around 10 years between the publication of Geoscience Australia’s results and the development of a mine. Therefore, If the development of any resources based on the findings of the EFTF projects follow similar timelines, then we could potentially expect to see new mines in operation sometime between 2026 and 2030.

Files and APIs

Tags

Additional Info

Field Value
Title The Impact and Value of Pre-competitive Geoscience
Language eng
Licence Not Specified
Landing Page https://data.gov.au/data/dataset/98a28214-9bba-43b6-977c-f666a90cce44
Contact Point
Geoscience Australia Data
clientservices@ga.gov.au
Reference Period 08/04/2019
Geospatial Coverage
Map data © OpenStreetMap contributors
{
  "coordinates": [
    [
      [
        112.0,
        -44.0
      ],
      [
        154.0,
        -44.0
      ],
      [
        154.0,
        -9.0
      ],
      [
        112.0,
        -9.0
      ],
      [
        112.0,
        -44.0
      ]
    ]
  ],
  "type": "Polygon"
}
Data Portal Geoscience Australia

Data Source

This dataset was originally found on Geoscience Australia "The Impact and Value of Pre-competitive Geoscience". Please visit the source to access the original metadata of the dataset:
https://ecat.ga.gov.au/geonetwork/srv/eng/csw/dataset/the-impact-and-value-of-pre-competitive-geoscience