Regions
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The region has gold, mineral sand and rare earth mining, and renewable energy sectors.
The region is home to Fosterville Mine – the largest producer of gold in Victoria. Since commencing exploration in 2005, it has produced over 3.5 million ounces. Simulations by the Geological Survey of Victoria predict significant gold deposits in the vicinity of 75-million ounces, with multiple million-ounce occurrences, still to be unearthed. Antimony is the second-most valuable metallic commodity in Victoria after gold, and on Australia’s critical mineral list. Loddon Mallee is home to Australia’s largest antimony producer located in the City of Greater Bendigo. The mine is estimated to contain 17,800 tonnes of antimony – a mineral essential for hardening lead in storage batteries and producing semiconductors. VHM Limited has exploration tenements in the region for zircon and other rare earth minerals critical in the manufacture of industrial permanent magnets and high energy density batteries required in production of electric vehicles and essential for the renewable energy market. |