Australia's Mineral Exploration Sees Significant Growth in Early 2026
Australia's mineral exploration expenditure increased by 16.3% in Q1 2026 compared to the previous year, driven by investments in gold and silver. The Australian Bureau of Statistics reports a rise in drilling activity, particularly in brownfields exploration. Despite this growth, concerns loom over potential impacts from proposed capital gains tax changes in the federal budget. The Association of Mining and Exploration Companies highlights the need for industry consultation to address these challenges.