Abstract: Based on a preliminary investigation of the metallogenic geological background of superior mineral resources, features of metallogenic zones (belts), deposit types and resources potentials in Oceania, the authors analyzed the present situation of the “going aboard” strategy of the Chinese geological prospecting enterprises and the investment environment of Australia, Papua New Guinea and some other countries. Australia and Papua New Guinea possess huge reserves of Fe, Mn, Cu, Al and Ni as well as ores with strategic significance such as Au, U and rare earth, and these mineral resources are complementary to China’s domestic demand for mineral resources. Thus, these mineral resources in Australia and Papua New Guinea seem to be the ideal deposit mining projects for the Chinese mining companies wishing to look for developing chances aboard. At last, some suggestions for either long-term or short-term “going abroad” strategy are put forward based on previous work experience gained by the authors.