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Australian Mineral Exploration: outlook improving but challenges remain

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Created 14/01/2025

Updated 14/01/2025

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The Australian Bureau of Statistics March quarter data indicate further deterioration in Australian mineral exploration keeping current expenditure levels well below recent levels. Despite this, indicators including increased mineral company floats in 2002 on the back of new discoveries, improved gold prices, increased activity especially by juniors, and prospects for improved metal prices in 2003-2004, present the most positive outlook for mineral exploration since 1997. However, a period of sustained increases in metal prices is required for a significant rise in exploration levels. Exploration is focussed in the Yilgarn Craton, the Tanami Province, the Gawler Craton, the Musgrave Province, and the Murray Basin. The Ashburton province is an emerging gold province and much of the Northern Territory is under tenement for diamonds. Discoveries continue to be made but increased greenfields exploration, especially in areas under cover, is needed to exploit Australia's potential. New government geoscience programs, especially regional pre-competitive geophysical surveys, are playing an important role in helping to unlock that potential. Originally published in The AusIMM Bulletin No. 5 September/October 2002, pp 36-42.

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Title Australian Mineral Exploration: outlook improving but challenges remain
Language eng
Licence Not Specified
Landing Page https://devweb.dga.links.com.au/data/dataset/eafc3c26-0997-4838-aa54-03203246ac7c
Contact Point
Geoscience Australia
clientservices@ga.gov.au
Reference Period 22/04/2018
Geospatial Coverage
Map data © OpenStreetMap contributors
Data Portal Data.gov.au