Welcome to the AREEA Member Portal

Login

Register

Is your company a member of AREEA?  Register now to access the Member Portal

Welcome to the AREEA Member Portal

News, information and resources in one location for your access to ongoing support.

From fact sheets, guides and reference libraries to breaking news, the portal is your comprehensive and exclusive reference tool.

Latest ABS figures on Mineral and Petroleum Exploration

Latest ABS figures on Mineral and Petroleum Exploration

Mineral and petroleum exploration expenditure by private organisations in Australia up to June 2021 has risen 33% ($228.7m) from the same time last year.

In figures released by the Australian Bureau of Statistics, total expenditure in mineral exploration rose 24.1% (+$177.2m) for the quarter to $912.0m.

State-by-state analysis shows total expenditure in the quarter grew in Victoria by 8%, South Australia by 35%, Western Australia by 24%, Northern Territory by 50%, Queensland by 25% and New South Wales by 28%. Tasmania was the only State to fall in expenditure, dropping 30% ($1.3m).

There was also strong commodity growth with gold increasing 19% ($69.6m), iron ore was up 49% ($49.6m) and selected base metals (copper, silver, lead-zinc, nickel and cobalt) expenditure spiked 21% ($34.0m).

Greenfield expenditure increased 23% ($58.2m) to $310.5m and brownfield expenditure also increased 25% ($119.0m) to $601.5m. Metres drilled grew with greenfield exploration up 26% and brownfield exploration up 32%.

Queensland recorded a particularly strong quarter in terms of greenfield exploration expenditure with 79% ($16.8m) growth, up 10% ($8.9m) on the last year.  Western Australia had growth of 19% ($32.1m) on last quarter to be up 51% ($68.0m) from June last year.

Seasonally adjusted figures showed total expenditure in petroleum exploration fell 8.4% (-$22.7m) to $248.9m, with production lease areas dropping 14.6% (-$21.4m) to $124.7m.

Onshore exploration fell 2.9% (-$4.9m) to $165.1m, while offshore dropped 17.5% (-$17.8m) to $83.8m.

Create your AREEA Member login

Register