Gold Discovery Trail to be unveiled in Perth

The Gold Industry Group will launch a gold Discovery Trail at Perth’s Elizabeth Quay next month.

The #heartofgold Discovery Trail will take visitors back in time to the early gold rushes with augmented reality, remarkable audio stories, fun widgets, vivid videos, timeless photos and interactive games via the Heart of Gold app.

The Gold Industry Group’s role is to educate and engage with the wider community on the historic, social and economic importance of the gold industry to Western Australia.

“By leading community and industry initiatives we can create change that will positively influence future generations and ensure the industry stays strong,” Gold Industry Group chairperson Richard Hayes said.

Through community engagement and education projects such as the #heartofgold Discovery Trail, being launched on Saturday October 7, the important story of gold, its history and its importance now and to our future will be told.

“Gold miners face a challenging operating environment in which deposits are deeper, costs are relatively higher and margins are tighter,” Hayes said.

“To secure and build gold’s contribution to our economy, the industry relies on a healthy flow of capital.

“Protecting the reputation of our mining sector is a key role for government. The government’s support is vital to remaining viable and competitive in a global market.”

Exploration is the lifeblood of Australia’s gold industry. Greenfields minerals exploration expenditure has, however, declined by almost 70 per cent over the past five years.

Of the expenditure on mineral exploration in Australia last year, gold explorers and miners invested close to 50 per cent, which was valued at $617.6 million.

“The Gold Industry Group encourages the support of both the federal and state governments to ensure a strong and sustainable future for Australia’s gold industry and welcomes the federal government’s new exploration incentive scheme,” Hayes said.

Australian Prime Minister Malcolm Turnbull last weekend announced a new $100 million tax incentive scheme for junior explorers.

The new initiative replaces the federal government’s Exploration Development Incentive (EDI) and will encourage investment and risk-taking to drive the next wave of discoveries.

Research conducted by Deloitte Access Economics recently affirmed the gold industry’s importance to the sustainability, social fabric and financial future of the nation and its most remote regional communities.

“There are currently 66 operating gold mines in Australia including 14 of the world’s largest, 11 of which are in Western Australia. More than 80,000 people live in gold mining towns or regions across the country with some 26,000 people directly employed by this sector,” Deloitte Access Economics partner Matt Judkins said.

The research highlighted the economic contribution and creation of jobs, with gold mining contributing more than $13.4 billion to the economy last financial year.