According to the annual Australia’s Identified Mineral Resources report (AIMR), the Australian expenditure on mineral exploration increased by 21% to more than $2.6 billion in 2019. With the Australian government’s $225 million Exploring for the Future program, it is suggested that the trend on the expenditure of mineral exploration would continue to increase.
Source: https://www.australianmining.com.au/news/mineral-exploration-spend-hits-seven-year-high/
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