What are the economic prospects of developing aquaculture in Queensland to supply the low price white fillet market? Lessons from the US channel catfish industry

The farming of channel catfish (Ictalurus punctatus) is the largest (by volume and value) and most successful (in terms of market impact) aquaculture industry in the United States of America. Farmed channel catfish is the most consumed (in terms of volume per capita) fish fillet in the U.S. market. Within Australia, it has long been suggested by researchers and industry that silver perch (Bidyanus bidyanus) and possibly other endemic teraponid species possess similar biological attributes for aquaculture as channel catfish and may have the potential to generate a similar industry. The current teraponid industry in Australia, however, shows very little resemblance to the catfish industry, either in production style or market philosophy. A well established budget framework from the literature on U.S. channel catfish farming has been adapted for cost and climate conditions of the Burdekin region, Queensland, Australia. Breakeven prices for the hypothetical teraponid farms were found to be up to 50% higher than those published for catfish farms however were much lower than those reported for silver perch production in Australia using current, endemic styles of production. The breakeven prices for the hypothetical teraponid farms were most sensitive (in order of significance) to feed prices, production rates, interest rates, fingerling prices and electricity prices. At equivalent feed costs the costs of production between the hypothetical catfish farms in the Mississippi, U.S. and the hypothetical teraponid farms in the Burdekin, Australia were remarkably similar. The cost of feeds suitable for teraponid production in Australia are currently around double that of catfish feeds in the U.S. Issues currently hindering the development of a large scale teraponid industry in Australia are discussed.

Towards an understanding of the age and origin of mesothermal gold mineralisation in the Etheridge Goldfield, Georgetown region, north Queensland

Small mesothermal vein quam-gold-base-metal sulfide deposits from which some 20 t of Au-Ag bullion have been extracted, are the most common gold deposits in the Georgetown region of north Queensland-several hundred were mined or prospected between 1870 and 1950. These deposits are mostly hosted by Proterozoic granitic and metamorphic rocks and are similar to the much larger Charters Towers deposits such as Day Dawn and Brilliant, and in some respects to the Motherlode deposits of California. The largest deposit in the region-Kidston (> 138 t of Au and Ag since 1985)- is substantially different. It is hosted by sheeted quartz veins and cavities in brecciated Silurian granite and Proterozoic metamorphics above nested high-level Carboniferous intrusives associated with a nearby cauldron subsidence structure. This paper provides new information (K-Ar and Rb-Sr isotopic ages, preliminary oxygen isotope and fluid-inclusion data) from some of the mesothermal deposits and compares it with the Kidston deposit. All six dated mesothermal deposits have Siluro-Devonian (about 425 to 400 Ma) ages. All nine of such deposits analysed have delta(18)O quartz values in the range 8.4 to 15.7 parts per thousand, Fluid-inclusion data indicate homogenisation temperatures in the range 230-350 degrees C. This information, and a re-interpretation of the spatial relationships of the deposits with various elements of the updated regional geology, is used to develop a preliminary metallogenic model of the mesothermal Etheridge Goldfield. The model indicates how the majority of deposits may have formed from hydrothermal systems initiated during the emplacement of granitic batholiths that were possibly, but not clearly, associated with Early Palaeozoic subduction, and that these fluid systems were dominated by substantially modified meteoric and/or magmatic fluids. The large Kidston deposit and a few small relatives are of Carboniferous age and formed more directly from magmatic systems much closer to the surface.