{"id":1136087,"date":"2019-09-03T08:15:23","date_gmt":"2019-09-03T13:15:23","guid":{"rendered":"https:\/\/www.mining.com\/?p=1000829"},"modified":"2019-09-03T08:15:23","modified_gmt":"2019-09-03T13:15:23","slug":"australias-mineral-exploration-on-the-rise","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1136087","title":{"rendered":"Australia\u2019s mineral exploration on the rise"},"content":{"rendered":"<p>The Australian Bureau of Statistics released this week the country\u2019s <a href=\"https:\/\/www.abs.gov.au\/ausstats\/abs@.nsf\/mf\/8412.0\"  rel=\"noreferrer noopener\" aria-label=\"exploration expenditure data (opens in a new tab)\">exploration expenditure data<\/a> for the quarter ended in June 2019.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>According to the report, total mineral exploration expenditure rose 31.1% to A$663.1 million. In detail, exploration on areas of new deposits rose 57.1% or A$100.1 million and expenditure on areas of existing deposits rose 17.4% or A$57.4 million.<\/p>\n<p>\u201cIn original terms, the largest increase by minerals sought came from expenditure on Selected Base Metals (up 47.3%, A$60.6 million),\u201d the report reads.<\/p>\n<p>Also in original terms, metres drilled rose 20.6%. Drilling in areas of new deposits rose 22.8% and drilling in areas of existing deposits rose 19.5%.<\/p>\n<p>\u201cWhen exploration investment translates to minerals production, Australia is the big winner,\u201d&nbsp; Tania Constable, chief executive officer of the Minerals Council of Australia, said in a media statement related to the report. \u201cMining is the country\u2019s largest source of export revenue and has generated $212 billion in company tax and royalties for Australia over the last decade.\u201d<\/p>\n<p>Despite the positive news, Constable said that federal and state authorities still need to provide stable policy settings for the mining industry. In her view, the recently announced Productivity Commission inquiry into resources sector regulation is a positive first step in that direction. <\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/australias-mineral-exploration-on-the-rise\/\">Australia\u2019s mineral exploration on the rise<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/\">MINING.COM<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total mineral exploration expenditure in the last quarter rose 31.1% to A$663.1 million.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/australias-mineral-exploration-on-the-rise\/\">Australia&rsquo;s mineral exploration on the rise<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/\">MINING.COM<\/a>.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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