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Private company

Laguna Resources

Australian mining company

Laguna Resources NL (former name: Southern Pacific Petroleum NL) was an Australian mineral exploration and mining company. It explored and developed gold and silver projects in the Maricunga Gold Belt of Northern Chile. It was a developer of the Stuart Oil Shale Project.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Laguna Resources NL (former name: Southern Pacific Petroleum NL) was an Australian mineral exploration and mining company. It explored and developed gold and silver projects in the Maricunga Gold Belt of Northern Chile. It was a developer of the Stuart Oil Shale Project.2

How it started

History

Southern Pacific Petroleum NL was incorporated on 6 February 1968 as an oil company. It was listed on the Australian Securities Exchange on 16 May 1968.

Oil shale activities

Since 1973, the main activity of the company was an oil shale exploration and shale oil extraction. In the mid 1980s, Southern Pacific Petroleum NL and Central Pacific Minerals NL (CPM) formed a joint venture with Esso Australia to develop the Rundle oil shale deposit in Queensland. The active development of the Rundle deposit ceased in late 1980s when Esso deferred of the project.

In 1997 SPP/CPM signed a joint venture agreement with the Canadian company Suncor Energy to develop the Stuart oil shale deposit. Suncor was designated as the project operator. In April 2001, Suncor left the project and SPP/CPM became the sole shareholder of the project. In February 2002, SPP and CPM merged and SPP became the holding company for the group's interests, including the Stuart Oil Shale Project.

Financial difficulties

From Wikipedia’s article on Laguna Resources, shared under CC BY-SA 4.0.2

Sources

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