Zealandia

Zealandia, also known as the New Zealand continent or Tasmantis, is a nearly submerged mass of continental crust that sank after breaking away from Australia 60–85 million years ago, having separated from Antarctica between 85 and 130 million years ago. It has variously been described as a continental fragment, a microcontinent and a continent. The name and concept for Zealandia were proposed by Bruce Luyendyk in 1995.The land mass may have been completely submerged about 23 million years ago, and most of it (93%) remains submerged beneath the Pacific Ocean. With a total area of approximately 4920000km2, it is the world's largest current microcontinent, more than twice the size of the next-largest microcontinent and more than half the size of the Australian continent. As such, and due to other geological considerations, such as crustal thickness and density, it is arguably a continent in its own right. This was the argument which made news in 2017, when geologists from New Zealand, New Caledonia and Australia concluded that Zealandia fulfills all the necessary requirements to be considered a continent, rather than a microcontinent or continental fragment.Zealandia supports substantial inshore fisheries and contains gas fields, of which the largest known is New Zealand's Maui gas field, near Taranaki. Permits for oil exploration in the Great South Basin were issued in 2007. Offshore mineral resources include iron sands, volcanic massive sulfides and ferromanganese nodule deposits.