Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 22-Sep-16

Data from accounting firm BDO shows that Australian-listed resources companies spent an average of $A418,000 on exploration in the June 2016 quarter. This is 16 per cent higher than in the March quarter, and represents the first quarterly increase in more than two years. The median exploration budget of small explorers increased from $A91,000 to $A115,000. There was also a large increase in the number of resources groups that raised at least $A10m from investors during the quarter.

CORPORATES
BDO CHARTERED ACCOUNTANTS AND ADVISERS, AUSTRALIAN INSTITUTE OF GEOSCIENTISTS