Australia's exploration budget rose by 15%,
to a seven-year high in 2019.
A Decade in Review: Australia's Exploration Budget Trends (2010-2019)
Data as of: 01 Feb, 2020 Source: S&P Global Market Intelligence
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According to S&P Global Market Intelligence, while most other regions saw decreasing investment in exploration in 2019, Australia's budgets increased for the third consecutive year,
by nearly US$200 million over 2018. Explorers allocated just over US$1.5 billion to Australia in 2019, a seven-year high, and Australia's 16% share of the global budget was a 17-year high. The increases were driven by higher allocations for copper and gold by producers.
For an overview of Australia's exploration budget trends in 2019, access our interactive infographic.