Strategic Energy Resources joins world’s largest exploration collaboration
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Strategic Energy Resources (ASX:SER) has joined the world's largest mineral exploration collaboration — the Mineral Exploration Cooperative Research Centre (MinEx CRC), a $218 million initiative to discover new mineral deposits.
The MinEx CRC is focused on developing technologies to increase exploration success, and this will assist SER’s search for under-cover deposits.
The collaboration is backed by $50 million Federal Government funding, on top of $165 million backing from its 34 mining and mining equipment, technology and services (METS) participants over the next 10 years.
Participants include some 34 partners from major mining groups such as BHP, South32, Anglo America and Barrick, as well as various research organisations and universities, including the CSIRO, the University of Adelaide and the University of Western Australia.
The main focus of the CRC is R&D of new exploration tools and deployment methods to reduce the cost of drilling and other overheads associated with exploration.
It will also conduct the National Drilling Initiative (NDI) — a collaboration with geological surveys and researchers that will undertake drilling in under-explored areas of potential mineral wealth in Australia.
SER, meanwhile, will have access to some of the outputs of MinEx CRC research, possible rights to utilise selected IP, access to data generated by the MinEx CRC projects, and the opportunity to undertake research projects specific to its exploration assets.
SER will have access to several outputs of MinEx CRC research and may have possible rights to utilise selected IP, access data generated by the MinEx CRC projects and the opportunity to undertake research projects specific to its exploration assets.
The collaboration was officially launched by the Minister for Energy and Mining, the Hon Dan van Holst Pellekaan MP, on 15 October 2018 in Adelaide, South Australia.
Earlier this month, SER was granted exclusive first right to apply for a new exploration licence in the Olympic Dam Copper-Gold Province — a particularly advantageous development.
Intriguingly, SER’s application comes in the wake of mining heavyweight BHP’s (ASX:BHP) significant iron oxide copper-gold (IOCG) discovery at Oak Dam West.