Key resource opportunities

Victoria is a rich source of natural resources including base metals, gold, mineral sands and oil and gas.

Base metals

Base metal occurrences exist throughout the State of Victoria with particularly strong under cover prospectivity in the state’s northwest. Base metal ores present in Victoria contain relatively common metals such as copper, lead, zinc, molybdenum and nickel.

View the base metals fact sheet


Victoria has 13 goldfields that have each produced more than 1 Moz of gold, including one field of 22 Moz (Bendigo) and another of 12 Moz (Ballarat). Many of these old goldfields offer opportunities to reopen mines or find totally new deposits through modern exploration techniques.

Find out more about gold in Victoria

Mineral sands

Victoria’s mineral sands deposits are considered extremely competitive in a global context, in terms of size, grade and assemblage. Victoria has extensive deposits of mineral sands including: titanium minerals (rutile and ilmenite), zircon, monazite and xenotime, containing yttrium.

Find out more about mineral sands in Victoria

Oil and gas

Offshore Victoria is a world-renowned oil and gas province with potential opportunities for explorers in new areas or through farm-in, underpinned by world-class pre-competitive information and ready access to existing infrastructure and markets.

Find out more about oil and gas in Victoria

More information

Page last updated: 21 May 2024