Western Oz4 Jul 2018 21:36
ABC News
MinEx Consulting managing director Richard Schodde, who is also adjunct professor at the University of Western Australia's Centre of Exploration Targeting, released a report into the 40-year outlook for the Australian gold industry in October.
The report found Australia had 76 gold mines that produced more than 10,000 ounces in 2016, pouring a combined 9.6 million ounces, the equivalent of 302 tonnes.
Professor Schodde predicted output from those mines was likely to halve over the next eight years, and only four mines were likely to be still open by 2057.
He suggested that by 2032, more than half of Australia's gold production would come from mines that were yet to be discovered.
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