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Exploring for the Future Program: Return on Investment Analysis

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Created 14/01/2025

Updated 14/01/2025

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Exploring for the Future (EFTF, http://www.ga.gov.au/eftf) is a four-year (2016–2020) $100.5 million program investigating the mineral, energy and groundwater resource potential in northern Australia and parts of South Australia. The program is delivering new geoscience data, knowledge and decision support tools that support increased industry investment and sustainable economic development. Geoscience Australia commissioned ACIL Allen Consulting to independently quantify the return on investment from selected EFTF projects that are representative of the nature of the work done under the program. The objective was to develop a plausible and economically robust estimate of the returns to government through increased government revenue as a result of the case study projects. Geoscience Australia would like to acknowledge the organisations that have contributed to or supported these EFTF case study projects. The results of this independent analysis can be used to estimate the impact and value of the EFTF program as a whole relative to the funds invested in these activities. The evaluation framework used by ACIL Allen Consulting to assess the impact and value of Geoscience Australia’s pre-competitive geoscience under EFTF is one that has been used for similar assessments of similar organisations in the past. The analysis shows that the benefits that could potentially flow to the Commonwealth as a result of the EFTF projects examined at least match what has been spent on the program, and the returns can be as much as an order of magnitude higher than the cost of the entire program.

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Field Value
Title Exploring for the Future Program: Return on Investment Analysis
Language eng
Licence notspecified
Landing Page https://devweb.dga.links.com.au/data/dataset/ff2376b9-af92-4332-afd7-fff1f5142612
Contact Point
Geoscience Australia
media@ga.gov.au
Reference Period 01/07/2016 - 30/06/2020
Geospatial Coverage {"type": "Polygon", "coordinates": [[[112.0, -26.0], [155.0, -26.0], [155.0, -10.0], [112.0, -10.0], [112.0, -26.0]]]}
Data Portal data.gov.au

Data Source

This dataset was originally found on data.gov.au "Exploring for the Future Program: Return on Investment Analysis". Please visit the source to access the original metadata of the dataset:
https://devweb.dga.links.com.au/data/dataset/exploring-for-the-future-program-return-on-investment-analysis

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