May tech talk: Identifying economic fairways: Mapping mineral and financial prosperity for the resources industry
Join the Melbourne Branch for their May tech talk: Identifying economic fairways: Mapping mineral and financial prosperity for the resources industry.
About this event
Traditional models of resource development often delay explicit assessments of economic potential until late in the project lifecycle. However, this can result in sub-optimal allocation of resources in pursuit of geologically favourable, but economically disadvantageous projects. An alternative strategy introduces economic considerations alongside geological evaluations in the early stages of resource development. These "Economic Fairways" assessments identify regions more suited to resource development due to their proximity to key infrastructure and transportation routes, and local fiscal considerations.
This presentation by Associate Professor Stuart Walsh, will discuss a set of geospatial tools created by Monash University and Geoscience Australia to conduct Economic Fairways assessments across Australia for a variety of different mineral systems. It will cover how these new assessments can be integrated into more traditional tools for assessing mineral potential, and some of the ways that we have extended the economic fairways approach into other industries. Associate Professor Walsh will conclude by sharing some of the current work on Economic Fairways analysis for the mining industry and a vision for the future of this work.
Program
5.00pm - 6.00pm: Arrival and pre-event networking
6.00pm - 7.00pm: Technical talk presentation
7.00pm - 8.00pm: Post event networking
Speaker/s
Stuart Walsh
Dr. Walsh is the lead developer for Bluecap, created in collaboration with Geoscience Australia. The Bluecap software provides the analysis for both the “Hydrogen Economic Fairways Tool (HEFT)” and the “Economic Fairways Mapper”, which inform new resource development through Geoscience Australia's online portal. This work was recognised with the inaugural Eureka Prize for Innovative Research in Sustainability in 2023.
Location
MinterEllison Office, Level 20, Collins Arch, 447 Collins Street, Melbourne VIC 3000
Thursday, 01 May 2025
5.00pm – 8.00pm (UTC+10:00)
Sponsors
Date and Time
5.00pm – 8.00pm (UTC+10:00)
Venue
Cost
Non Member: $30