Explorer of the Year category

ENTRIES are open for Explorer of the Year category sponsored by Maptek in the 5th Annual Prospect Awards.

ENTRIES are open for Explorer of the Year category sponsored by Maptek in the 5th Annual Prospect Awards.

This category rewards companies that have made discoveries or significantly extended known deposits by innovatively reinterpreting data or by using new data, technology, processes or techniques.

Alliance Resources was a finalist in 2007.

The company made a four mile uranium discovery 8 km west of the In Situ Leach in Beverly Uranium Mine in South Australia.

Since the discovery was made in 2005, the Four Mile Uranium deposit has been recognised as a significant uranium occurrence.

The Four mile Deposit has no surface expression and is hosted within fluviatile sands of lower tertiary age at 140 to 170 m depth.

Other 2007 finalists included: Alkane Resources, Castlemaine Goldfields Limited, Atlas Iron and Trafford Resources.

2007 Winner

Avoca Resources has seen the development of a number of deposits over the past 18 months, and has moved from greenfield exploration to production in the space of a year.

The Trident Gold Deposit was discovered by Avoca in October 2004, and lies midway between the gold mining camps of St Ives and Norseman, in the Eastern Goldfields of Western Australia.

The discovery of the Athena resource at Higginsville in February 2006 is the company’s second major discovery.

The discovery also brought the Joint Ore Reserves Committee (JORC) compliant resource base at Higginsville to over 1 million ounces.

Predevelopment work commenced immediately in parallel with the feasibility study, yielding an initial mining reserve of 582,000 ounces.

Underground development commenced in January 2007, with ore production commencing in June 2007.

Production is planned to reach 200,000 ounces per annum this year, with average life of mine cash costs approaching or bettering the global gold sector.

2006 Winner

Iluka Resources won the 2006 Explorer of the year award for discovering the “first proof of a major new zircon province” near Ceduna on the South Australia coast.

Within days they added another key discovery nearby — named Ambrosia — and in October 2005 a third discovery hole, Tripitaka.

In February 2006, the Gulliver’s discovery capped one of the most exciting exploration projects in the company’s history.

The discoveries provide Iluka with an opportunity to break the nexus between zircon and titanium mineral production, providing a competitive advantage relative to most other mineral sand deposits.

Iluka began the 21st century in a good position to achieve its dream of locating zircon deposits that could be developed free of the historic nexus with titanium.

For information on entering this category, email jessica.darnbrough@reedbusiness.com.au or call Jessica on 02 9422 2909.

Entries close Friday 27 June.

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