... consistent with the the national approach to economic, environmental and social stewardship.

Future Opportunities

Victoria’s vast lignite deposits are also highly prospective for the production of coal seam gas. Thanks to the highly porous nature of lignite it is unlikely that hydraulic fracturing would be required to extract gas from the deep seams, reducing the complexity of extraction processes. Demand for gas in Victoria is expected to double by 2030[1]. As the known reserves of offshore natural gas in Bass Straight are depleted, additional sources of gas will be required to keep up with the increasing demand. Natural gas from the State’s coal seams has the potential to fulfil this demand.

Deposits of molybdenite, the principle ore of Molybdenum, are found across Victoria although to date, there has been limited mining with commercial production only occurring at five deposits. The largest of these was at Everton which produced 325 tonnes of molybdenum between 1917 and 1944[2]. There is however a deep drilling project currently underway near Corryong in the State’s north-east. This project is working to define a Molybdenum-Copper-Silver porphyry formation that has the potential to be a world class deposit[3].

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[1] Onshore Natural Gas: Coal Seam Gas http://www.dpi.vic.gov.au/earth-resources/community-information/landholders-info/coal-seam-gas-guidelines
[2] Victorian Department of Primary Industries (2012), Earth Resources, Molybdenum http://www.dpi.vic.gov.au/earth-resources/minerals/metals/molybdenum