New data from the Australian Bureau of Statistics (ABS) has shown that mineral exploration expenditure in Australia rose to record highs in the June quarter. In original terms, quarter on quarter, Australian mineral exploration rose by 19.4%, or A$174-million to A$1069.9-million in the June 2023 quarter. Greenfields exploration rose by 15.3%, or A$42.2-million to A$318.3-million, while brownfield exploration rose 21.3%, or A$131.8-million to A$751.6-million.
PERTH – New data from the Australian Bureau of Statistics has shown that mineral exploration expenditure in Australia rose to record highs in the June quarter.
“This is off the back of record copper expenditure in both New South Wales and South Australia, with A$24-million, up 15% quarter on quarter, and A$43.9-million, up 33% respectively”. “South Australia saw exploration rising 15% in the June quarter to A$72.1-million led by the hunt for copper. Victorian mineral exploration fell slightly by 9% to A$43-million, while still recording strong expenditure for mineral sands.
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