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SAEI Company Exploration Activity

Graph showing increase in exploration expenditure under SAEIThe pioneering 4-year South Australia Exploration Initiative set new benchmarks in the following areas:

Metres of drilling activity
  • Trebled from 201,000m in 1991 to 634,000 in 1997.
Private mineral exploration
  • Rose from AUS$17.2 million in 1991 to AUS$53 million in 1997.
Area of state under mineral licence
  • Trebled from 14% in 1991 to more than 40% in 1997.
Level of company exploration in SAEI target areas
  • Rose from 5% in 1993 to 70% in 1997.
Exploration successes directly attributable to SAEI
  • Challenger and Golf Bore gold deposits in northern Gawler Craton.
  • Campfire Bore, Tunkillia and Nuckulla Hill prospects in Gawler Craton.
  • Significant iron ore resources defined in the Gawler Craton.
  • The Abminga area diamond potential.
  • Base metal and gold deposits in the Portia region of the Curnamona Province.
Groundwater resources

Improved assessments of availability from Great Artesian Basin.