Unearthed Adelaide 201628 May - 30 May
From Idea to Prototype on Resource Challenges in just a Weekend
This competition has finished.
Tenement availability visualisation tool
An exploration tenement is an that remains active for a set period of time, it gives the holder license to explore for minerals. As each exploration tenement only exists for a set period of time, when it expires or is relinquished area is released and opens up new opportunities for exploration companies to explore. Currently there exists no visualisation or user interface on the SARIG website for everyone to easily find out about open or upcoming tenement licenses.
South Australian Exploration Tenements
An exploration licence (EL) is the principal title issued for exploration in South Australia and authorises the licensee, subject to the Mining Act, Regulations and conditions of the licence, to explore for all minerals and/or opal other than extractive minerals. An exploration licence can be held for 5 years, with an option for subsequence and renewal.
Before an exploration company can hold an exploration licence an exploration licence application (ELA) must be successfully lodged and granted. There are two ways in South Australia to identify an area over which an exploration licence application can be lodged;
Open ground, or an exploration release area (ERA) application (pre-defined exploration tenement area)
An exploration release area (ERA) can be an expired, surrendered, or cancelled mineral exploration licence (EL) area that is released to the industry. An ERA follows a set process whereby it is released for a minimum four-week moratorium period after which it is open for application for 1 week, from Monday to Friday, immediately following the moratorium period.
Potential Areas to consider:
To create an innovated modern tool to communicate the availability of open ground or exploration release areas for the minerals exploration industry.
A successful communication tool may include:
- Alert users of ground availability
- Include other relevant information for example
- Previous holders
- Surrounding tenements and holders
- Approximate exploration commitment requirements (ERA – known area) Minimum statutory expenditure per annum - $30,000 plus $97per km2 rounded (up or down) to the nearest $5000.
Other data services may be included to enhance tool functionality. For example by incorporating the minerals and minerals deposits information that may alert users to an areas mineral potential.