Released last month at Diggers and Dealers, ‘The Australian Mineral Exploration Review 2024’ presents the latest data on critical minerals, updated resource maps and exploration trends. It provides a clear view of future opportunities and reinforces Australia’s role in supplying the minerals needed for emerging technologies and the energy transition.

Some key findings include:

• $3.95 billion spent on exploration in 2024, down 7.3% on the previous year.
• 6 million metres drilled – an 11% decrease, but still globally significant
• 45 maiden resource announcements, including major new gold, copper, graphite and rare earth deposits.
• Gold led exploration with $1.2 billion invested, around 30% of total spend.
• Uranium exploration rose 30% to $71 million, reflecting renewed global interest in nuclear energy.

A full copy of the report can be download via the below link.