REVIEW & FUTURE FOCUS

Alex Blood Executive Director Mineral Resources

South Australian Exploration & Mining Conference

December 8 2017 South Australian Exploration & Mining Conference

We acknowledge this land that we meet on today is the traditional lands for Kaurna people and that we respect their spiritual relationship with their country. We also acknowledge the Kaurna people as the custodians of the Adelaide region and that their cultural and heritage beliefs are still as important to the living Kaurna people today.

8 December 2017 Exploration, Developing Mineral Projects and Mines Mining success in 2017 . GFG Alliance – iron ore mines and steelworks future secured . BHP - Olympic Dam extension & potential expansion . OZ Minerals - Prominent Hill extends mine life . Iluka - Jacinth Ambrosia re-start and potential expansion Financial Review 28/11/17 . Ongoing production and strong demand for the State’s copper, gold, uranium, iron ore mines and industrial minerals and constructions materials Developing project success in 2017 . OZ Minerals – Carrapateena board approval . Iron Road – Central Eyre Iron Project ML approval . Boss Resources – Honeymoon uranium FLT high yields . Archer Exploration – Campoona ML approval . Mineral projects continue to progress through the pipeline working towards gaining the necessary approvals to advance development Exploration success in 2017 . Identification of new targets and anomalies . Successful drill intersections, resource upgrades and feasibility studies . Across a wide range of commodities including copper, gold, silver, cobalt, graphite, uranium, magnetite . Industry is evolving and more collaborative than ever before. . Successful partnerships with investors, other companies, Government, Universities and technology partners. Exploration Licensing and Drilling Approvals

. Exploration licence applications up 20% in 2017 . Exploration drilling metres approvals up 20%: Nov 2016 - 475,036 m Nov 2017- 591,582 m . Highest monthly application for drilling approvals since 2013 . Point to increased on-ground activity in 2018 Online Exploration Tracker and Renewals Streamlined application process – saves explorers 20 minutes! Stronger Partners Stronger Futures Successful workshop in October working together to share ideas, expertise and wisdom, with a view to: . building further trust between government, native title groups and industry; . strengthening relationships based on understanding, respect and early engagement; . identifying co-designed solutions to the operation of the native title system for mineral exploration in South Australia Leading Practice Mining Acts Review South Australia global mining jurisdiction

“The best place to be in the Australia/Oceania region was South Australia …thanks largely to its regionally-superior mining code”

SA amongst world’s Top 10 South Australia’s Advantages Pre-competitive Mineral resources Strategy Regulation

Collaboration PACE Copper Delivers PACE Copper Discovery Drilling . $1.3 million leveraging $2.4 million investment

. 13 projects in 2016-17 Gawler Craton Airborne Survey

Block 2A and 2B Results: Peake and Denison Ranges Ternary Radiometrics Unprecedented clarity of landforms

New benchmarks in government survey parameters and QA/QC Accelerate Exploration, Discovery andPACE InformationCopper - Accelerating Exploration, Discovery and Information Gawler Craton Geophysical Survey Phase 1 complete, Phase 2 commenced

16 South Australia Drill Core Reference Library South Australia Drill Core Reference Library 3D immersive technologies – AusLAMP MT PACE Copper Far West Geochemistry

GSSA, CSIRO PACE Copper Far West Geochemistry National Exploration Undercover School NExUS

. A head-start for the next generation of mineral explorers . 33 participants representing all Australian States from . 13 Universities . 3 Geological Surveys . 2 from industry

SA Drill Core Reference Library Nov - Dec 2017 Disclaimer

The information contained in this presentation has been compiled by the Department of the Premier and Cabinet (DPC) and originates from a variety of sources. Although all reasonable care has been taken in the preparation and compilation of the information, it has been provided in good faith for general information only and does not purport to be professional advice. No warranty, express or implied, is given as to the completeness, correctness, accuracy, reliability or currency of the materials.

DPC and the Crown in the right of the State of South Australia does not accept responsibility for and will not be held liable to any recipient of the information for any loss or damage however caused (including negligence) which may be directly or indirectly suffered as a consequence of use of these materials. DPC reserves the right to update, amend or supplement the information from time to time at its discretion.

www.minerals.dpc.sa.gov.au THANKYOU Copper Strategy Success Seminar

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