Original article by Elouise Fowler
The Australian Financial Review – Page: 15 : 27-Mar-24

Data from advisory firm BDO Australias shows that resources companies in the pre-revenue stage spent a total of $1.01bn on exploration in the December quarter. This was the highest level of exploration expenditure in the final three months of a calendar year in the last decade. Meanwhile, exploration companies raised a total of $2.68bn from investors during the quarter, which is 32 per cent higher than the previous three months.

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BDO AUSTRALIA LIMITED