Original article by Amanda Saunders
The Australian Financial Review – Page: 18 : 28-Sep-15

BDO estimates that about 20 per cent of the 780 smaller resources companies that are listed on the Australian sharemarket do not have active exploration programs. Smaller explorers spent an average of $A481,000 on exploration programs in the June 2015 quarter, compared with $A980,000 during the same period in 2013. Sherif Andrawes of BDO expects more junior explorers to go private or be subject to a reverse takeover.

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BDO AUSTRALIA LIMITED